In a bid to stay afloat, in 2012 THQ has undergone corporate reshuffling, has closed studios, laid off staff, rearranged its product line and enacted a reverse stock split. THQ's most recent mainstream launch was Darksiders 2, which sold 1.4 million copies in Q2 2013. THQ CEO Brian Farrell said these sales were "below our expectations."
THQ delayed South Park: The Stick of Truth, Company of Heroes 2 and Metro: Last Light today, citing a need for more time to realize the games' full potentials. This means THQ may seek more money from outside investors and through internal shake-ups in the interim, the fiscal report said.
"The calendar movement for the release of games will likely create a need for additional capital. THQ has engaged Centerview Partners LLC to assist the company in evaluating strategic and financing alternatives intended to improve THQ's overall liquidity, including raising additional capital, preserve the company's ability to bring the best possible games to market during the most advantageous release windows and to help address the $100 million 5% convertible senior notes due August 2014."
- Key specs
- Reviews • 18
- Game format Optical disc, Downloadable
- Online features Multiplayer, Voice chat, Video chat, Store, Browser
- Drive capacity 250 GB
- Controller type Wired, Wireless
- Motion controls Accelerometer, Gyroscopic
- Video outputs HDMI (v1.3), RCA / composite
- Released 2012-09-25
Nintendo Wii U
Microsoft Xbox One