As you know as of January 23rd 2013. The company THQ no longer in business. The company that gives me and you daily pleasure through numerous WWE Games, Saints Row, Darksiders, and more. Is officially closed. I took time out in my WWE 13 Daily Video to talk about THQ closing. I want to warn you my language at times goes “off the chain” and gets explicit. Consider yourself warned. Enjoy a 6 Man Battle Royal for the WWE Undisputed Championship as I speak on my feelings concerning THQ closing and what could happen to WWE Games.
I also enclosed below the video THQ release on the bankruptcy auction.
Yesterday, THQ sold off several intellectual properties and licenses during their bankruptcy auction. Today, the winning bids and runners up were made public.
- Relic Entertainment (Company of Heroes)
- Winner: Sega, $26.6 million
- Runner up: Zenimax Media, $26.3 million
- THQ Montreal (1666 and Underdog)
- Winner: Ubisoft, $2.5 million
- Winner: Take-Two Interactive, $10.894 million
- Runner up: Turtle Rock Studios, $250,000
- Volition, Inc. (Saints Row)
- Winner: Koch Media (Deep Silver), $22.3 million
- Runner up: Ubisoft, $5.4 million
- Homefront series
- Winner: Crytek, $544,218
- Metro series
- Winner: Koch Media (Deep Silver), $5,877,551
- Runner up: Ubisoft, $5.175 million
- South Park: The Stick of Truth
- Winner: Ubisoft, $3,265,306
And what of the people affected by THQ’s bankruptcy and the sale of their various studios? THQ CEO Brian Farrell and president Jason Rubin said in a letter to all employees:
We expect that most employees of the entities included in the sale will be offered employment by the new owners. However, we cannot say what these owners may intend, and there will likely be some positions that will not be needed under the new ownership. You should receive notice this week or early next week if the new owners intend to extend employment to you. Please note that the terms of your new employment, including pay and benefits, may be different from the current terms of your employment with THQ.
If you are an employee of an entity that is not included in the sale, we regret that your position will end. A small number of our headquarters staff will continue to be employed by THQ beyond January 25 to assist with the transition. THQ has sufficient resources to pay these employees for work going forward, and we will be contacting these employees immediately to ensure their continued employment during this transition period. We are requesting the ability to offer certain severance pay to minimize disruption for employees of non-included entities as they determine the next steps in their careers.
We know you will have many questions about this news. We’ll be meeting tomorrow when we return to talk through this announcement and to answer any questions you have. You will receive a benefits fact sheet and FAQs with answers to some questions that may be on your mind. Please review these materials closely. A personal note The work that you all have done as part of the THQ family is imaginative, creative, artistic and highly valued by our loyal gamers. We are proud of what we have accomplished despite today’s outcome.
It has been our privilege to work alongside the entire THQ team. While the company will cease to exist, we are heartened that the majority of our studios and games will continue under new ownership. We were hoping that the entire company would remain intact, but we expect to hear good news from each of the separate entities that will be operating as part of new organizations.
For those THQ employees who are part of entities that are not included in the sale, we are confident that the talent you have displayed as part of THQ will be recognized as you take the next steps in your career.
Thank you all for your dedication and for sharing your talent with the THQ team. We wish you the best of luck and hope you will keep in touch.
Brian Farrell Chief Executive Officer Jason Rubin President