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 Zelnick’s perception of THQ is outdated and inaccurate.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

Final Fantasy 7 Rebirth Gaming News

Final Fantasy 7 Rebirth and What’s Next For Xbox | Let’s Chat

Final Fantasy 7 Rebirth is the next big game set for release and the rumor mill has been set ablaze with talks of Xbox going multi-platform. We take a few …

Gaming News

The Pimax Crystal 8K VR Headset | CES 2024

AR and VR were some of the bigger topics during this year’s CES. Last year I was able to go hands-on with the Pimax Portal but this year it was …

CES

NVIDIA Announces 40 Series Super Cards and More at CES 2024

A year can’t go by without a huge announcement from NVIDIA. During CES 2024 in Las Vegas, NVIDIA announced an upgrade to its 40 series cards. The GeForce RTX 40 …

Game Reviews

Avatar: Frontiers of Pandora Impressions

Videogames based on movies have been around as far back as the release of E.T. on the Atari back in 1982. Movie-based video games have not always been the best …

Lucid Game Thumbnail Gaming News

The First Celestoidvania – Lucid Interview

If you enjoyed Celeste and games like Metroid and Castlevania, Lucid is a game that you need to keep your eye out for. We have had the chance to check …

Fallout - Woman exiting the vault Movies & TV

Amazon’s Fallout Series Teaser Trailer

Live-action video game adaptations continue to get better and better. The Last of Us showed us what was possible when retelling the stories of a great video game on screen. …