THQ file for Bankruptcy, No mention of 40K (or Dark Millenium) under their sale

[DrLove42]

[url]http://www.xbox360achievements.org/news/news-13705-THQ-Files-For-Bankrupcy--Unannounced-Games-Revealed.html[/url]

THQ have filed for Chapter 11 Bankruptcy.

They claim its not the end of them, but are selling all their IP's and studios

There is no mention of 40K, or any projects, amongst their current work, which would suggest earlier rumours, that Dark Millenium was canned were true

Its a shame. in addition to 40K, THQ make a lot of great games, like Saints Row and Red Faction Guerilla. They also make some complete ****e, like Homefront and Red Faction Armageddon

[Mr Mystery]

Blimey.

Though I guess that they are only leasing the 40k IP means they aren't able to sell it on? I dunno, I'm just an oik having a stab in the dark.

[Kawauso]

It would make sense for them to try and sell off their licenses/assets wherever possible, meaning it could be that all those lovely art assets from DM won't go to waste (provided ditching the license works out with GW and all that).

However it would also make sense not to screw the pooch so bad you run a company like THQ into the ground, so, who knows. =/ Also that this is somehow "not the end" for them is amusing.

[Psychosplodge]

I think GW write in that their IP can't be re-sold don't they? Isn't that why it took so long to get the space marine movie after bloodquest fell through?

[Wolfshade]

Interestingly from: [url]http://www.kccllc.net/documents/8826100/8826100121219000000000002.pdf[/url]

THQ do not own the license of 40k, instead it is merely leased to THQ from Games Workshop.

Relic the studio who makes the 40k games is currently making Company of Heroes 2 due in 2013 and a game merely called "Atlas" due in 2014, whether that is a project name or the product name is unclear, but certainly there is no explicit mention of a 40k game in development.

Reasons for the filling:
* Decline in the traditional childrens/movie games
* Overestimation of the uDraw market

There are a couple of things to note, this is a chapter 11 filling so they can continue in operation, a number of other firms are and have been operating like this for some time, and a number of times they go into and out of chapter 11.

The other thing is as THQ do not own the license it makes it easier to redeploy, whereas where an entity owns the licesnse and goes belly up it is much harder like Interplay owning the widely popular Star Trek Birth of the Federation and other such licences.

[DrLove42]

I figured they couldn't sell the 40K liscence on

But its interesting that Dark Millenium, a game 2-3 years into development isn't listed as anything any of their studios are working on. Its possible some of the codenames are it in disguise, but why hide it?

[Wolfshade]

It could be that DM has just been shelved/abandoned so it is not "in production".

I would imagine that they would use the product titles in order to make them seem more appealing, either that or by using code names they can stave off other intereseted parties as they want their stalking horse, no idea.

[Defenestratus]

My buddy's company was owed $20,000 USD by THQ. When I read the news about the chapter 11 yesterday, I emailed him about it and he said "We got the check last week - cashed that bad boy REAL quick."

[Blusox69]

I wonder if Creative will go for the 40K license then and add it to the WHFB one and hopefully bring out a Total War style version of Epic

Total War: Final Liberation 2

:-)

[RGilbert26]

What was the cheque for?