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 Japan Shutting Down

THQ Japan is shutting down on February 29th, with all staff leaving the company.  This is said to be due to the recent financial problems of the parent US company.  Via VG247.

This closure was rumoured a fortnight ago, when THQ made employees in their Australian office redundant.  These offices were said to be involved in distribution, rather than game development.

THQ have just announced a release date and pre-order details for Darksiders II, and the latest installation in their MMA franchise, UFC Undisputed 3, releases on Friday in the UK for PS3 and Xbox 360.