THQ Face Bankruptcy Threat

THQ appear under threat of bankruptcy again, following second quarter losses of $21 million yesterday, and a fall in share price of nearly 50% today.

Development is ongoing for South Park: The Stick of Truth, Company of Heroes 2 and Metro: Last Light, with release dates having been pushed back to avoid low quality releases which would further harm THQ’s reputation.

THQ Problems Continue, Metro Delayed

Rumours have been circulating for a while now in regards to THQ’s financial situation and the position of their future titles.  While THQ eventually denied the rumours that they were to cancel their 2014 line-up, their financial situation has not improved; their share value remains under the $1 mark which means they are at risk of NASDAQ delisting, more job losses have been reported, and recently published figures show $55.9 million in losses in the last quarter.

The latest release schedule shows that Metro: Last Light has been pushed back to early 2013, from a summer 2012 release.  The reason for this delay is said to be so developer 4A Games can polish the game before release, but we’ll be hearing more closer to E3.

As for Vigil Games‘ 40k MMO Dark Millennium Online: while the game is still on for a 2014 release, Brian Farrell confirmed during the investor call on Feb 2nd that THQ is looking for a partner to help complete the title (via Eurogamer).