January 16, 2012, 13:31

THQ Puts Dent Into Speculation From Game Analyst’s Tweet

By Dave Irwin, Sub-Editor

Just hours ago, we brought you a rumour that THQ was cancelling its entire 2014 lineup in order to prepare itself to be sold to the highest bidder. This morning, the weekend tweets from Kevin Dent (a games industry veteran) were said to be not true.

Executive Vice President of Global Publishing for THQ, Ian Curran sent a statement thoroughly denying the claims brought forward by Mr Dent, clarifying their position in the future, including the situation regarding changes in the casual and kids games market that it announced last year.

THQ has not cancelled its 2014 line-up, and has not made any decisions regarding the planned MMO. As part of the ongoing review of our business, we have made decisions to ensure that the company is strategically addressing the most attractive markets. As we have previously announced, we have dramatically reduced our commitment to the kids’ boxed games sector which leads to a significantly more focused release schedule moving forward.

As for this year, THQ’s statement is pretty firm on their strategy for the near future, saying that; “Our slate for calendar 2012 and beyond is focused on high-quality core games and continues to build our digital platform and business. We are excited for our pipeline of original and high-quality content along with our relationships with some of the best talent in the industry.”

Possibly as a direct response to the comments regarding its share price falling dramatically over the past year, THQ is very keen to comment about their recent success stories.

Additionally, we are thrilled with the great performance of Saints Row: The Third, which on a like for like period in North America has tripled in sell-through from Saints Row 2. In addition, WWE ’12’s worldwide sell-through sales are up almost 40% year-over-year for the same sales period with fewer platforms. According to NPD, for the month of December and the 2011 year, THQ was the No.5 publisher overall, No.4 third party, with reported sell through growing over 18 per cent in a market that was down almost 6 per cent. And coming up next, we have two great titles for the first half of the year including UFC Undisputed 3 and Darksiders 2.

While no comment was officially made about whether or not the company will be up for sale in 2014, the odds are looking far less likely than they were a few hours ago. With Saints Row: The Third doing reasonably well with critics, including us; the bleak assumption that THQ might have to sell may have been based on current strategies. With Darksiders 2 just round the corner, for now we can put this rumour to bed.