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Joystiq

Analyst: THQ has 50% chance of bankruptcy

by Alexander Sliwinski on Mar 2nd 2009 1:20PM

THQ is barely hanging on, according to Janco Partners analyst Mike Hickey, who sees the company's chances of going bankrupt at 50/50. Speaking with the LA Business Journal, the prognosticator points out the publisher currently has mediocre product and is losing cash like it's battling Midway for an award in corporate ineptitude.

THQ CEO Brian Farrell says that talk of an acquisition or bankruptcy "makes for good print and sells newspapers," but notes that the company currently has a plan to get through this tough time. THQ's licensed titles, which are footing some of the blame for the current predicament, have always formed a powerhouse, but those titles don't provide the margins of original games. Currently, the company's fate rests on the performance of Dawn of War 2 and ... 50 Cent: Blood on the Sand.

[via GI.biz]

Source

Tags: brian-farrell, janco-partners, mike-hickey, thq

Reader Comments (29)

Saying something has a 50% chance of happening usually means you don't know what the hell you're talking about.

It makes perfect sense! They either go bankrupt or they don't. 50/50.

It means that the CEO is gonna flip a coin to determine if he sells his kindey on the black market.

No he won't.He'll run off to ruin another company. No matter how big a failure these arseholes are, they never seem to be poor.

oh please let Red Faction Guerilla and Darksiders come out first!

i guess all those gaming studios with ping pong tables and fancy chairs weren't a good idea after all.

My UFC game, NOOOOOOOOOOOOOOOOOOOOOO!!!

There's so much win in that picture.

50 huh? Get it? 50% chance... outcome rests on 50 Cent shoulders? Har, har.

I'm gonna make this game company bankrupt... Or Die Tryin...

Hmmm maybe I should buy Dawn of War 2. =/

You should remove the maybe from that statement, dow2 is work every cent you pay for it :)

So, you're telling me nobody's buying those Disney, Nickelodeon, and Bratz games?

But seriously, I hope everything turns out well.

50%?!? Why that's almost half!

No that is half.

never ceases to amaze me how the immense weight people feel to correct others on the internet always overshadows the ability to think and detect satire/sarcasm.

Sarcasm on something that basic is translated into stupidity and I hate stupid people; joking or not.

Pretty dumb comment el serpiente.
You try living or not living with yourself and let me know how it works out for you!

XDragon, it's better to be wrong, then a total twat.

No, its better for you to shut your hole.

That axe be giving me the devil eye!

isn't this kinda like what's happening to the auto industry? they make crappy cars and people don't buy them, and now they need money. Don't make lame games like 50 Cent. Stop spending money designing games like that and you'll save money and won't go bankrupt. is this a difficult concept to understand?

Thq shouldve stuck with nWo Vs. WcW! Hollywood Hogan always sells!

If they could get the licensing stuff worked out, I would buy all of THQ's N64 games on the Virtual Console TONIGHT!

"Currently, the company's fate rests on the performance of Dawn of War 2 and ... 50 Cent: Blood on the Sand."

Hahahahahahahahaha!

Sorry, I'm just loving the dichotomy of THQ's library.

I would love a Saints Row 3...

"Currently, the company's fate rests on the performance of Dawn of War 2 and ... 50 Cent: Blood on the Sand."

doomed.....DOOMED I SAY!

Best of luck to all the people who acquire the rights to the unreleased properties.

It's going to be 50/50 again after those two releases. 50 will do bad and DoW2 will do good.

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Analyst: THQ has 50% chance of bankruptcy

Reader Comments (29)

Posted: Mar 2nd 2009 1:24PM FredFredrickson said

Posted: Mar 2nd 2009 1:25PM (Unverified) said

Posted: Mar 2nd 2009 2:29PM nandokun said

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Posted: Mar 2nd 2009 2:29PM Dragun said

Posted: Mar 2nd 2009 2:51PM Ghen said

Posted: Mar 2nd 2009 3:19PM Dragun said

Posted: Mar 2nd 2009 4:31PM Dragun said

Posted: Mar 2nd 2009 4:49PM PoisonedAl said

Posted: Mar 3rd 2009 11:02AM Dragun said

Posted: Mar 2nd 2009 1:57PM Levi Partridge said

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