THQ Files For Bankruptcy

THQ is going to Chapter 11, the company said in a press release today. They’ll continue to operate as normal—in other words, all future games will continue as planned—as they go through the bankruptcy process. “The sale and filing are necessary next steps to complete THQ’s transformation and position the company for the future, as we remain confident in our existing pipeline of games, the strength of our studios and THQ’s deep bench of talent,” CEO Brian Farrell said in the press release. (…) THQ emphasized that this bankruptcy will not affect any of the games they currently have in production, a library that includes Metro: Last Light, South Park: The Stick of Truth, andHomefront II. ”All of the company’s studios remain open, and all development teams continue,” the press release reads. “The company remains confident in its existing pipeline of games.”

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