Game Developers are Shutting Down Left and Right; THQ Might be No Exception

Less than a week ago developer Zipper Interactive was shut down by Sony along with a handful of other developers. It seems that it has started some kind of domino effect, and very recently developers have been getting the rug pulled from under them, more often than not.

It seems that THQ will be no exception, according to Strauss Zelnick, CEO of Take-Two. THQ, as of late, struggled to make a profit. Their most recent quarter in sales goal was missed by $125 million. At the MIT Business in Gaming conference in Massachusetts, Zelnick had the following to say about THQ:

[quote]The most important difference is quality. Take-Two has the highest quality ratings among third-party publishers, according to Metacritic and most people in the industry. Quality really, really, really matters. THQ has had some good games, but their quality levels aren’t even remotely … the quality hasn’t measured up… Strategy didn’t work and the execution was bad. To put it another way: the food was no good and the portions were small… THQ won’t be around in six months.[/quote]

To say that you think a company is in trouble or won’t be around for long is one thing, to put an expiration date on said company is another. These were very harsh words spoken by Zelnick over THQ. Of course he realized this and has apologized for his remarks.

[quote]While discussing our strategy I spoke out of turn about someone else’s. It was inappropriate and I regret it[/quote]

he told Game Informer.

A spokesperson for THQ responded to Zelnick’s original comment with the following:

[quote]Obviously, Mr. Zelnick’s perception of THQ is outdated and inaccurate. His comments are irresponsible and false. Perhaps he would be better off commenting on his own business.[/quote]

What do you guys think? Do you think THQ will still be around in six months? How do you feel about what CEO of Take-Two, Zelnick had to say?

 

Source: gamesindustry.biz

Share this article:

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on tumblr
Tumblr
Share on email
Email
Share on whatsapp
WhatsApp

Recent Posts

Valorant Killjoy Cosplay & Fashion

NTWRK and Riot Games Partner with Milkman on Valorant Apparel

If you’re into sneakers or urban streetwear, you are probably aware of NTWRK, a live-streaming shopping network. If not, think of the Home Shopping Network, but for sneaker enthusiasts and …

CES

Mad Catz T.E.3 Fight Stick Overview | CES 2023

We saw a ton of gaming peripherals during CES 2023 but Mad Catz definitely stole the show. Their suite was packed to the brim with controllers, keyboards, mice, and other …

Gaming News

Not Just For Music | EPOS GTW 270 Hybrid Earbuds

There have been more and more companies that focus on gaming audio adding earbuds into their product lines. With the growing popularity of mobile and cloud gaming, gamers have wanted …

Gaming News

Brook Vivid Wireless Controller is Perfect for the Switch

If you’ve been on the search for the perfect controller for the Switch, your search should end here. The Brook Vivid wireless controller has all the features you could ever …

EPOS GSX 300 and H3 Headset Gaming News

EPOS GSX 300 & H3 Headset are a Perfect Combo

The EPOS H3 headset and the GSX 300 sound card are a match made in heaven.

Game Reviews

Dyschronia: Chronos Alternate Impressions

Have you ever wanted to live in a society devoid of violence and crime? Well Dyschronia: Cronos Alternate takes place in such a place. Astrum Close is a marine city …