THQ Bankruptcy a Positive Move

[daniezutton]

http://www.computera...-positive-move/

THQ's filing for bankruptcy is a positive step that will enable the sale of the company and hopefully ensure that its in-development titles see the light of day.

That's according to THQ president Jason Rubin, who has written an open letter to the gaming community in an attempt to explain the company's current position.

Last night the publisher announced it plans to sell all of its games and assets. A private investment firm has lodged a bid for $60 million, but THQ's bankruptcy process allows for other bidders to make competing offers over the next month or so.

"The sale [of the company] needs to be completed through a Chapter 11 proceeding of the Bankruptcy code," Rubin explained.

"The most important thing to understand is that Chapter 11 does not mean the end of the THQ story or the end of the titles you love. Quite the opposite is true, actually.

"Chapter 11 is a safety net for U.S. companies. American Airlines is currently in Chapter 11 restructuring, yet I flew back and forth on that airline when I visited Volition two weeks ago. Donald Trump and his companies have been in Chapter 11 four times. You can add to that list household names such as Macy's, Eddie Bauer, the Chicago Cubs, Chrysler, Delta Airlines, General Motors, the Pittsburgh Penguins, Marvel Studios, and MGM, among many others.

"MGM filed Chapter 11 two years ago, and this year it released Skyfall and The Hobbit, two of the biggest titles of the year. That's what I mean when I say new start!

"Whatever happens, the teams and products look likely to end up together and in good hands. That means you can still pre-order Metro: Last Light, Company of Heroes 2, and South Park: The Stick of Truth.

"Our teams are still working on those titles as you read this, and all other rumored titles, like the fourth Saints Row, the Homefront sequel, and a lot more are also still in the works."

Legal documents related to THQ's bankruptcy filing have revealed a number of unannounced games in development for the publisher, including new titles from Darksiders 2 developer Vigil Games, Left 4 Dead co-developer Turtle Rock and THQ Montreal, the team helmed by former Assassin's Creed creative lead Patrice Désilets.

[AndroidFox]

Legal documents related to THQ's bankruptcy filing have revealed a number of unannounced games in development for the publisher, including new titles from Darksiders 2 developer Vigil Games, Left 4 Dead co-developer Turtle Rock and THQ Montreal, the team helmed by former Assassin's Creed creative lead Patrice Désilets.

I really hope they can pull through this, these unannounced games have me really intrigued.

[simula67]

I hope these games end up being produced by someone. I really thought that the Darksiders games were passed over by a lot of critics, but they are very entertaining.

[daniezutton]

I hope these games end up being produced by someone. I really thought that the Darksiders games were passed over by a lot of critics, but they are very entertaining.

I didn't like Darksiders too much, though I've only played a little bit of the first. Just did not entertain me enough, Edited December 22, 2012 by DRaGoN-_-TaMeR

[Brenden]

My biggest concern is the Saints Row and WWE series, very interested in who will pick them up.

[daniezutton]

My biggest concern is the Saints Row and WWE series, very interested in who will pick them up.

Hopefully whoever picks it up can restore the WWE series, I lost interest in them after SVR 2010.

[Brenden]

Hopefully whoever picks it up can restore the WWE series, I lost interest in them after SVR 2010.

The '12/'13 games sparked my interest again I am enjoying the new editions to the series but definitely who ever picks it up can certainly improve on it thats for sure.