THQ cancels a bunch of games for various platforms

Noja87 · January 24th, 2008

PS3 Frontlines: Fuel of War Cancelled; Stuntman and Juiced Franchises Dumped.

Today THQ released updated fiscal guidance for 2008, and the news was somewhat mixed. While revenue guidance for fiscal Q3 (ending 12/31/07) is up from $490 million to $509 million, the company is taking an accelerated amortized expense of $20 million related to underperformance of Stuntman: Ignition, Ratatouille and Conan.

The important part for gamers is that the company will also take a $27 million non-cash charge related to the now official cancellations of the PS3 version of Frontlines: Fuel of War and Destroy All Humans: Big Willy Unleashed for PS2. The company has also decided to dump the underperforming Juiced and Stuntman franchises, and apparently cancel two unannounced titles that were scheduled for fiscal 2010 on Xbox 360 and PS3.

The final hit is that the company is closing its Concrete Games studio, which was working on one of the unannounced titles, with "a substantial number of the studio's employees" to be offered positions elsewhere within THQ.

"In October, we announced certain product quality initiatives, including personnel and structural changes in product development and a more rigorous internal and external product evaluation and feedback process," said Brian Farrell, president and CEO of THQ. "Consistent with these initiatives, we have taken actions to strengthen our pipeline and position ourselves to compete aggressively with compelling, high quality games."

---

Holy Crap. Another dev down =\

Thanakil · January 24th, 2008

Quote:

Originally Posted by Noja87

Holy Crap. Another dev down =\

Down?

They increased the money revenue they had. They simply are revising their plans because of failures with previous games.

THQ had been releasing sub-par games lately and as they can see, that's not a good way to make money. So they are cancelling games that they don't see fit for release instead of losing more money by completing them, publishing them and then seeing them bomb down.

I don't think they are down, simply trying to wise up.

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Noja87 · January 24th, 2008

i didnt meant THQ. I meant Concrete Games studio >->

Thanakil · January 24th, 2008

Quote:

Originally Posted by Noja87

i didnt meant THQ. I meant Concrete Games studio >->

Oh yeah, well that does kinda sock.

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Paratech · January 24th, 2008

I always am nervous about buying T-HQ games, I remember the crappy 16bit games on the Super Nintendo and Sega Genesis.

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Godwin · January 24th, 2008

I'm surprised that you haven't bought some copies of their games from a dollar store or something.

Squall-Leonhart · January 24th, 2008

THQ will find alot of money if they happen to develop homeworld3.

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PCXL-Fan · January 24th, 2008

Quote:

Originally Posted by Squall-Leonhart

THQ will find alot of money if they happen to develop homeworld3.

It'd be nice to think that but the Homeworld series has never been super popular despite its high reviews and praise.

And now days game companies are making even less money on pc games thanks to piracy and the ever increasing dominance of consoles.

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Squall-Leonhart · January 24th, 2008

who gives a **** about popular, as long as Vivendi looks bad for not making homeworld 3 themselves :P

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**refraction** · January 24th, 2008

Im glad theyve cancelled juiced, that was a disaster of a racing series.

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DrGreenThumb · January 24th, 2008

Ghost recon 3 will save the day

Squall-Leonhart · January 24th, 2008

Quote:

Originally Posted by refraction

Im glad theyve cancelled juiced, that was a disaster of a racing series.

i preferred Juiced over NFSU.

but that was until NFSU2 released

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**Kirby** · January 25th, 2008

Quote:

Originally Posted by DrGreenThumb

Ghost recon 3 will save the day

do you even think before you post???

Ghost Recon series is Ubisoft territory

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January 24th, 2008	#1 (permalink)
Noja87 White Void Join Date: Dec 2005 Location: The End Has Come Posts: 1,942	THQ cancels a bunch of games for various platforms PS3 Frontlines: Fuel of War Cancelled; Stuntman and Juiced Franchises Dumped. Today THQ released updated fiscal guidance for 2008, and the news was somewhat mixed. While revenue guidance for fiscal Q3 (ending 12/31/07) is up from $490 million to $509 million, the company is taking an accelerated amortized expense of $20 million related to underperformance of Stuntman: Ignition, Ratatouille and Conan. The important part for gamers is that the company will also take a $27 million non-cash charge related to the now official cancellations of the PS3 version of Frontlines: Fuel of War and Destroy All Humans: Big Willy Unleashed for PS2. The company has also decided to dump the underperforming Juiced and Stuntman franchises, and apparently cancel two unannounced titles that were scheduled for fiscal 2010 on Xbox 360 and PS3. The final hit is that the company is closing its Concrete Games studio, which was working on one of the unannounced titles, with "a substantial number of the studio's employees" to be offered positions elsewhere within THQ. "In October, we announced certain product quality initiatives, including personnel and structural changes in product development and a more rigorous internal and external product evaluation and feedback process," said Brian Farrell, president and CEO of THQ. "Consistent with these initiatives, we have taken actions to strengthen our pipeline and position ourselves to compete aggressively with compelling, high quality games." --- Holy Crap. Another dev down =\

January 24th, 2008	#10 (permalink)
refraction PCSX2 Coder $refraction's Avatar$ Join Date: Jan 2004 Location: Plymouth, UK Posts: 9,822	Im glad theyve cancelled juiced, that was a disaster of a racing series. __________________ http://www.generalemu.net/ Intel Core 2 Quad Q6600 @ 3.4Ghz (425x8), Leadtek GTX 280 1Gb, 1.8Tb HDs, 2Gb Corsair DDR2-800 @ DDR2-1020 5-5-5-18 Dual Channel Dont PM me for help, use the forums, thats what its for!
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January 24th, 2008	#3 (permalink)
Noja87 White Void Join Date: Dec 2005 Location: The End Has Come Posts: 1,942	i didnt meant THQ. I meant Concrete Games studio >->

January 24th, 2008	#5 (permalink)
Paratech Registered User Join Date: Sep 2004 Location: Franklin, Pa Posts: 4,131	I always am nervous about buying T-HQ games, I remember the crappy 16bit games on the Super Nintendo and Sega Genesis. __________________ -Dreams of getting a new 360 XBOX in 201x. -Current consoles: Playstation 2 and Wii, also has DS/GBA and a PSP 3000 -PC: AMD 5000 2.6 Dual Core, 2GB Ram, 8600 GeForce GT video card, SB Live!, Win XP SP3

January 24th, 2008	#6 (permalink)
Godwin Banned Join Date: Aug 2005 Location: Ohaio Posts: 1,069	I'm surprised that you haven't bought some copies of their games from a dollar store or something.

January 24th, 2008	#7 (permalink)
Squall-Leonhart Behind ur girlfriend :D Join Date: Feb 2006 Location: Sydney, Australia Posts: 18,906	THQ will find alot of money if they happen to develop homeworld3. __________________ VBA-M \| Xtemu \| NGOHQ \| Post Impact Productions \| TNHW \| XBCD 0.2.6 \| Satanic666's Emulator Compiles Don't be a NOOB, READ THE NGEmu/EmuForums Rules of Conduct Need Help with ePSXe? This is your first stop!. If you don't post all the required information, you don't get help. Everytime someone posts a romsite, God kills a beautiful woman.

January 24th, 2008	#9 (permalink)
Squall-Leonhart Behind ur girlfriend :D Join Date: Feb 2006 Location: Sydney, Australia Posts: 18,906	who gives a ** about popular, as long as Vivendi looks bad for not making homeworld 3 themselves :P __________________ VBA-M \| Xtemu \| NGOHQ \| Post Impact Productions \| TNHW \| XBCD 0.2.6 \| Satanic666's Emulator Compiles Don't be a NOOB, READ THE NGEmu/EmuForums Rules of Conduct Need Help with ePSXe? This is your first stop!.** If you don't post all the required information, you don't get help. Everytime someone posts a romsite, God kills a beautiful woman.

January 24th, 2008	#11 (permalink)
DrGreenThumb Banned Join Date: Jan 2008 Location: New Zealand Posts: 103	Ghost recon 3 will save the day