THQ is Bankrupt for Real This Time
19 Dec 2012, 19:20 PM
#1
Posts: 1620 | Subs: 2
Not sure if this goes here or in some other forum, but yeah, THQ is in deep trouble (surprise). They are selling off their assets and games which presumably includes CoH 2 and so on. I hope Relic will be OK
Signature by Ginnungagap
Posts: 160 | Subs: 3
It's Chapter 11, which is a restructuring. We're going to be just fine, thank you for your concern, though 
19 Dec 2012, 19:31 PM
#3
Posts: 111
They used to be worth over two billion. Long time coming but its still sad, I liked THQ. Hopefully this doesn't push back release schedule for coh2.
I wonder who will buy off THQ's property.
edit
HAPPY TIEMS.
Long time coming but its still sad, I liked THQ. Hopefully this doesn't push back release schedule for coh2. I wonder who will buy off THQ's property.
edit
It's Chapter 11, which is a restructuring. We're going to be just fine, thank you for your concern, though
HAPPY TIEMS.
19 Dec 2012, 19:37 PM
#4
Posts: 1620 | Subs: 2
It's Chapter 11, which is a restructuring. We're going to be just fine, thank you for your concern, though
Well, THQ is trying to sell of many/most of its assets - Relic might be one of those, right? Or the CoH license or something? Clearlake Capital is buying $60 million worth of stuff from THQ to sell to others, so Relic might be part of that $60 million.
Signature by Ginnungagap
19 Dec 2012, 19:54 PM
#5
Posts: 3293
Well, THQ is trying to sell of many/most of its assets - Relic might be one of those, right? Or the CoH license or something? Clearlake Capital is buying $60 million worth of stuff from THQ to sell to others, so Relic might be part of that $60 million.
there's another post that explains it they said they don't expect to have to fire anyone.
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19 Dec 2012, 20:00 PM
#6
Posts: 134
Hope all goes well.
Twitter: Relaxxer
19 Dec 2012, 20:04 PM
#7
Posts: 1620 | Subs: 2
there's another post that explains it they said they don't expect to have to fire anyone.
Do you have a source for this? I can't find anything like this. The closest is THQ's statement that the studios will remain open during the 30 day restructuring period during which everything is sold off. Since Tribalbob isn't worried, though, I guess Relic will be fine.
Signature by Ginnungagap
19 Dec 2012, 20:05 PM
#8
Posts: 111
Do you have a source for this? I can't find anything like this. The closest is THQ's statement that the studios will remain open during the 30 day restructuring period during which everything is sold off. Since Tribalbob isn't worried, though, I guess Relic will be fine.
http://www.coh2.org/topic/1123/thq-restructuring
19 Dec 2012, 20:18 PM
#9
Posts: 1620 | Subs: 2
None of that says anyone at Relic, Volition, whatever are safe, because once they're all sold to some new company, that company might decide to downsize them. Right?
Signature by Ginnungagap
19 Dec 2012, 20:27 PM
#10
Posts: 3293
None of that says anyone at Relic, Volition, whatever are safe, because once they're all sold to some new company, that company might decide to downsize them. Right?
tribal bob doesn't seem to think so. also why would they want to get rid of the company that is making a game for them currently. that already has pre orders and everything. i imagine the head people (and others) have seen this coming for quite awhile.
Failure is always an option. It's a happy massacre?! (yes, yes it is!) Caffeine illegal for WiFi's to ingest in 48 states, 2 colonies, and 1 providences. To make most awesome thing in universe combine Bears and Nicholas Cage! and remember kids, we didn't start the flame-war!
19 Dec 2012, 20:43 PM
#11
Posts: 55
I feel like Relic would be a mighty prize, so while new management could be a problem in a thousand different ways, being downsized is probably not one of them. Relic has a big list of awards and great successes, including one of the best RTS of all time on practically any metric.
I think CoH2 will be just fine.
I think CoH2 will be just fine.
19 Dec 2012, 20:46 PM
#12
Posts: 65
http://www.forbes.com/sites/danielnyegriffiths/2012/12/19/thq-files-for-bankruptcy-promises-no-disruption/
great article on the bankruptcy.
great article on the bankruptcy.
Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.
19 Dec 2012, 21:04 PM
#13
Posts: 522
Wonder who will acquire Relic... I hope CoH 2 comes out fine and in excellent quality.
19 Dec 2012, 21:10 PM
#14
Posts: 42
I hope someone decent will acquire Relic and take care of the game more than THQ did.
19 Dec 2012, 22:28 PM
#15
Posts: 93
It's Chapter 11, which is a restructuring. We're going to be just fine, thank you for your concern, though
Actually, as a banker having dealt with quite a fair number of companies that filled for bankruptcy during the last 3 years, I can tell you that things will not be "just fine" from now on. Worst case scenario the company could be sold asset by asset and it's employees laid off. That's pretty grim but not unlikely.
I hope though that things will work out for the better and that THQ will survive this bankruptcy for everyone's sake.
19 Dec 2012, 22:45 PM
#16
3 
Posts: 368
Just adding my best wishes for everyone affected by this, especially the Relic-guys.
/Uninstalled
19 Dec 2012, 23:12 PM
#17
Posts: 2238 | Subs: 15
EA will buy CoH ?
COH3 COMPETITIVE SERIES PACK #1
https://steamcommunity.com/sharedfiles/filedetails/?id=2961573188&savesuccess=1
https://steamcommunity.com/sharedfiles/filedetails/?id=2961573188&savesuccess=1
19 Dec 2012, 23:34 PM
#18
Posts: 3293
oh god id rather have blizzard buy coh honestly, and I hate blizzard.
after all we all know what will happen if ea buys relic.
after all we all know what will happen if ea buys relic.
Failure is always an option. It's a happy massacre?! (yes, yes it is!) Caffeine illegal for WiFi's to ingest in 48 states, 2 colonies, and 1 providences. To make most awesome thing in universe combine Bears and Nicholas Cage! and remember kids, we didn't start the flame-war!
19 Dec 2012, 23:54 PM
#19
Posts: 12
so.. if EA is going to buy CoH, will we get a "different" game? like.. would EA be able to shape the game to be pay 2 win or multiplayer DLC heavy? or is relic still going to be "in charge"?
20 Dec 2012, 00:02 AM
#20
Posts: 1560 | Subs: 1
Lol, where does it say anywhere that EA will buy CoH-franchise? Just wait and see what happens in the next few days 
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