Thursday, 20 December 2012

THQ Files for Chapter 11

It's actually not the worst news, although it could be a hell of a lot better.

As of late THQ seems to have been making the rounds as a company doing a lot to get its games into the hands of anyone that would like them. From offering a Humble Bundle, to just giving away Metro 2033 for free. Whether or not these efforts will make people remember the business is still up for debate. Unfortunately though even with the successes they've had, it hasn't been enough to stop the company from filing for a Chapter 11, which is a form of bankruptcy.

Now, before people fly off the handle and wonder what will happen to the various franchises that THQ has under their roof don't have to worry. Chapter 11 isn't a complete solvency type of bankruptcy. Rather, the company has a chance to get itself out of this situation that it has found itself in.

Basically the details that most gamers will be interested in are as follows:

"All of the company’s studios remain open, and all development teams continue, the company said. "The company remains confident in its existing pipeline of games. THQ maintains relationships with some of the top independent development studios around the globe. As part of the sale, the company is seeking approval to assume the contracts of these studios, and Clearlake will assume these contracts."

The next few months will doubtless be essential to see if THQ can turn things around. Every release is likely going to take on a greater importance. At this point the company can't really afford to take gambles, which sadly means that everything but the strongest of their franchises will likely be put on the back-shelf for the moment.

Of course, all of this does assume that the court will grant THQ the ability to proceed, which hasn't been guaranteed yet. At this point there's no reason to think that it won't be granted, but it's not completely impossible. Still, this is a case where I'd actually rather be optimistic than not.


On a completely unrelated note to the story above, sorry for the abrupt and unannounced shift in topic by the way. However, there's something more that I'd like to get off my chest. I'm well aware that I'm preaching to the choir regarding this, but still, I believe it needs to be said.

You may have noticed a conspicuous lack of comment regarding the recent tragedy. It was hardly a surprise when the usual places and people -- those who I will refuse to even name, because that would be too much of an acknowledgement -- blamed video games as part of what happened.

To anyone who may have a person in their lives who has this frame of mind, I ask this one, and only one thing. Without judgment, malice, or presumption, please ask them to sit down and watch this:


If, after viewing this video they still wish to condemn gaming culture and gamers themselves, then that is their choice. However, if through sharing this even one person comes to a different understanding of the situation, then I believe that I have done more singular good than any of those media outlets and outspoken people that would seek to blame something that I enjoy so much.

Thank you.

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