It’s been well reported (and often misreported) the difficulties that THQ has been going through of late, but here’s a bit of news that should inspire some confidence in the company: It’s signed a publishing agreement with developer, Innovative Leisure, for digitally downloadable games.
One of THQ’s problems is it hasn’t done a good job of supporting the download platforms, but Innovative Leisure, a startup studio, has plenty of experience behind it. The team, and their credentials (according to a press release) are: Seamus Blackley (”father of the Xbox”), Van Burnham(Supercade), Ed Logg (Asteroids, Centipede, Gauntlet), Rich Adam (Missile Command, Gravitar, PGA Tour Golf), Tim Skelly (Rip Off, Star Castle, Reactor), Owen Rubin (Major Havoc, Space Duel), and Ed Rotberg (Battlezone, S.T.U.N. Runner, Steel Talons).
They will be focusing on mobile and social gaming, and should be a strong developer for THQ to have in its pocket.
Yea, THQ has been hit BIG time in their stock price lately. I watch video game sales a lot (usually daily) on sites, and I also enjoy checking the stock prices on video game companies (used to trade stocks many years ago, pretty frequently).
THQ's stock price is at a 10+ year low, less than $1 a share. The only time it has been lower than this from what I can tell, is around 1995-1996, and it was only down briefly before going back up.
I think it's going to be interesting to see how they turn it around, and I think they can, with some better strategic advice/game placement.
Yea, THQ has been hit BIG time in their stock price lately. I watch video game sales a lot (usually daily) on sites, and I also enjoy checking the stock prices on video game companies (used to trade stocks many years ago, pretty frequently).
THQ's stock price is at a 10+ year low, less than $1 a share. The only time it has been lower than this from what I can tell, is around 1995-1996, and it was only down briefly before going back up.
I think it's going to be interesting to see how they turn it around, and I think they can, with some better strategic advice/game placement.
I'm confident that THQ can turn things around. Part of the stock price and staff layoffs has to do with some massive restructuring, which always ends up as bad news.
It's just a matter of whether the restructure works, now. This partnership alone is a good indication that THQ is on the right path.
I'm confident that THQ can turn things around. Part of the stock price and staff layoffs has to do with some massive restructuring, which always ends up as bad news.
It's just a matter of whether the restructure works, now. This partnership alone is a good indication that THQ is on the right path.