THQ outlines 17 game rescue plan

THQ outlines 17 game rescue plan

By Rob Crossley

February 3rd 2012 at 10:02AM

Company assures investors after posting $56m loss for Christmas quarter

Embattled publisher THQ has plotted a multi-year game release schedule in a bid to calm investor nerves.

But last night the publisher, which is currently threatened with a stock delisting, announced a net loss of $56 million for the last three months of 2011.

THQ is to lay off some 240 workers as part of a cost cutting operation. Last year the publisher closed down several games studios based in the US, Australia and the UK.

It had been rumored that the group was considering axing its entire 2014 line-up – speculation that the firm moved quickly to deny.

In a further move to dispel fears, THQ’s executive team last night listed its next seventeen projects, claiming that none had been cancelled.

The full list follows:

UFC Undisputed - Xbox 360, PlayStation 3  - February 14, 2012

Darksiders II  - Xbox 360, PlayStation 3, PC - June 2012

South Park: The Game - Xbox 360, PlayStation 3, PC - Q3 FY13

Annual WWE Game - TBA - Q3 FY13

Metro: Last Light  - Xbox 360, PlayStation 3, PC - Q4 FY13

Devil’s Third - Xbox 360, PlayStation 3, PC - Q4 FY13

Two additional unannounced core projects, set for release FY13

Un-named Original Title - Turtle Rock Studio (external)

Dark Millennium Online
- Vigil and Relic

inSANE - Volition

Homefront 2 - Crytek (external)

Patrice Désilets Original Title
- THQ Montreal

Four additional unannounced core titles due for release in fiscal 2014 and beyond.