Homeโ€บ General Discussion

Layoffs at Relic and Vigil

134
Ghostscape
Ghostscape
polycounter lvl 13
Offline / Send Message
Ghostscape polycounter lvl 13
The important part:
As a result of this change, team sizes at two THQ internal studios will be reduced by 79 full-time employees at Vigil Games in Austin, Texas, and 39 employees at Relic Entertainment in Vancouver, B.C.

Good luck to my fellow polycounters and THQ employees, I hope everyone lands on their feet.
FOR IMMEDIATE RELEASE

Angela Emery
THQ Corporate Communications
818/871-8650

Lisa Mueller
THQ Investor Relations
818/871-5125



THQ ANNOUNCES UPDATE FOR WARHAMMERยฎ 40,000ยฎ: DARK MILLENNIUMย™
Project Shifts from MMO Business Model

AGOURA HILLS, Calif. ย– March 29, 2012 - THQ Inc. (NASDAQ: THQI) today announced that it has refocused Warhammerยฎ 40,000ยฎ: Dark Millenniumย™ from a Massively Multiplayer Online game to an immersive single player and online multiplayer experience with robust digital content, and engaging community features. Further product details, platforms and release timing will be announced at a later date.
ย“As previously announced, we have been actively looking for a business partner for the game as an MMO. However, based on changing market dynamics and the additional investment required to complete the game as an MMO, we believe the right direction for us is to shift the title from an MMO to a premium experience with single and multiplayer gameplay, robust digital content and community features,ย” said Brian Farrell, President and CEO of THQ Inc. ย“Because we believe strongly in the high-quality and vast creative work that is in production, this is the right decision for both our portfolio and for gamers devoted to this powerful property.ย”
ย“We are genuinely excited about the new direction that THQ is taking with Warhammer 40,000: Dark Millennium, and we are sure that this will be a great addition to the ever growing stable of authentic and engaging Warhammer 40,000 video games,ย” said Jon Gillard, Head of Licensing for Games Workshop.
As a result of this change, team sizes at two THQ internal studios will be reduced by 79 full-time employees at Vigil Games in Austin, Texas, and 39 employees at Relic Entertainment in Vancouver, B.C.

Vigil Games will continue to focus on both this game and the critically-acclaimed new title, Darksiders II, scheduled for release this summer. Relic Entertainment continues to focus its development expertise on THQย’s franchises including Company of Heroes and Warhammerยฎ 40,000ยฎ: Dawn of Warยฎ.

About THQ
THQ Inc. (NASDAQ: THQI) is a leading worldwide developer and publisher of interactive entertainment software. The company develops its products for all popular game systems, personal computers, wireless devices and the Internet. Headquartered in Los Angeles County, California, THQ sells product through its global network of offices located throughout North America, Europe and Asia Pacific. More information about THQ and its products may be found at http://www.thq.com/. THQ and the THQ logo are trademarks and/or registered trademarks of THQ Inc.

Warhammer 40,000: Dark Millennium, Warhammer 40,000: Dawn of War - Copyright ยฉ Games Workshop Limited 2004 - 2012. Dark Millennium, Dark Millennium Online, the Dark Millennium Online logo, Dawn of War, the Dawn of War logo, Dawn of War 2, the Dawn of War 2 logo, GW, Games Workshop, the Games Workshop logo, 40K, Warhammer, Warhammer 40,000, Warhammer 40,000 Device, 40,000, the Double-headed Eagle device and all associated marks, logos, places, names, creatures, races and race insignia/devices/logos/symbols, vehicles, locations, weapons, units and unit insignia, characters, products, illustrations and images from the Warhammer 40,000: Dark Millennium game, the Warhammer 40,000: Dark Millennium Online game, the Warhammer 40,000: Dawn of War game, the Warhammer 40,000: Dawn of War 2 game and the Warhammer 40,000 universe are either ยฎ, TM and/or ยฉ Games Workshop Ltd 2000-2012, variably registered in the UK and other countries around the world, and used under license. All Rights Reserved.

THQ Inc. Caution Concerning Forward-Looking Statements

This press release contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about the business of THQ Inc. and its subsidiaries (collectively referred to as ย“THQย”), including, but not limited to, expectations of video game console and software growth, financial guidance, estimated release dates and the potential for online gaming. These statements are based upon managementย’s current beliefs and certain assumptions made by management. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to, business, competitive, economic, legal, political and technological factors affecting our industry, operations, markets, products or pricing. Readers should carefully review the risk factors and the information that could materially affect THQย’s financial results, described in other documents that THQ files from time to time with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal period ended March 31, 2011 and subsequent Quarterly Reports on Form 10-Q, and particularly the discussion of trends and risk factors set forth therein. Unless otherwise required by law, THQ disclaims any obligation to update its view on any such risks or uncertainties or to revise or publicly release the results of any revision to these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

###
· Share on FacebookShare on Twitter

Replies

134
Sign In or Register to comment.