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01-23-2008, 11:30 PM
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#1 (permalink)
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THQ Kills 2 Franchises
Quote:
THQ Kills Its Juiced, Stuntman Franchises
The publisher also announces a series of game cancellations and a studio closure.
by Ryan Geddes
January 23, 2008 - As part of its recently-announced effort to trim the fat from its production pipeline, THQ has announced that it will cancel some upcoming games, kill two of its franchises and close a studio.
As part of an updated financial outlook the company released today, THQ said it has canceled the PlayStation 3 version of Frontlines: Fuel of War and the PlayStation 2 version of Destroy All Humans! Big Willy Unleashed. The PC and Xbox 360 versions of the former game and the PlayStation Portable version of the latter appear to still be alive.
Despite recording a killer fiscal third quarter, fueled by hot sales of SmackDown vs. Raw 2008 and MX vs. ATV Untamed, THQ said games like Ratatouille, Conan, Stuntman: Ignition underperformed and two unannounced games were costing more than expected.
The two unannounced games, under development for PlayStation 3 and Xbox 360, were scheduled for release in 2010. THQ has pulled the plug on at least one of those titles and closed the studio behind it - Concrete Games.
In today's financial report, THQ also said it no longer plans to "pursue its Juiced and Stuntman" franchises. The company did not say if it plans to sell off the intellectual properties or hold them for future use.
"In October, we announced certain product quality initiatives, including personnel and structural changes in product development and a more rigorous internal and external product evaluation and feedback process," said Brian Farrell, president and CEO of THQ. "Consistent with these initiatives, we have taken actions to strengthen our pipeline and position ourselves to compete aggressively with compelling, high quality games."
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