Hard Light Productions Forums
General FreeSpace => FreeSpace Discussion => Topic started by: Starks on November 09, 2012, 12:43:41 pm
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https://www.google.com/finance?client=ob&q=NASDAQ:THQI
http://venturebeat.com/2012/11/09/which-company-is-worth-more-zynga-or-thq/
Company is only worth 8 million dollars now.
What happens to Volition and their IP?
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Curious. What the hell happened in July to make its stock skyrocket 1000%?
Overall seems a wild stock... and yeah 8 million is peanuts.
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Nothing.
Because nothing has happened yet. THQ hasn't filed for bankruptcy, they haven't been delisted from NASDAQ, nothing. I mean, I'm sure there's going to be some consequences sooner or later, but given that Volition is more or less the only THQ subsidiary that is actually profitable, I think nothing much is going to happen.
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Curious. What the hell happened in July to make its stock skyrocket 1000%?
I would guess that E3 and the hype machine for Darksiders 2 happened.
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I pay little attention to stock price. I still remember when everyone was predicting Apple's demise when their stock fell so low that the company was valued at $3billion.
Even though they had $4billion in the bank.
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TotalBiscuit did a bit on it in wednesday's Content Patch, basically darksiders 2 didnt sell well which meant they posted a loss a couple of days ago, also the company has pushed back the release of 3 games.
on the other hand they are talking to private equity firms and are certainly not dead yet.
http://www.youtube.com/watch?v=3cj0bTKYC3w&feature=plcp#
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I pay little attention to stock price. I still remember when everyone was predicting Apple's demise when their stock fell so low that the company was valued at $3billion.
Even though they had $4billion in the bank.
their stock had negative value
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Nothing.
Because nothing has happened yet. THQ hasn't filed for bankruptcy, they haven't been delisted from NASDAQ, nothing. I mean, I'm sure there's going to be some consequences sooner or later, but given that Volition is more or less the only THQ subsidiary that is actually profitable, I think nothing much is going to happen.
What about Relic? If I recall correctly Dawn of War 2 sold pretty well and even Space Marine must have made a profit of some kind. If THQ pushed CoH2 back that's a huge mistake considering the first CoH sold like hotcakes.
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It's not necessarily a mistake if the game was not ready to be released. Remember how Sierra killed HW2 ?
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Curious. What the hell happened in July to make its stock skyrocket 1000%?
Overall seems a wild stock... and yeah 8 million is peanuts.
They consolidated their shares to raise it above a dollar. They did to avoid getting delisted
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It's not necessarily a mistake if the game was not ready to be released. Remember how Sierra killed HW2 ?
No, I don't remember hearing anything like that when HW2 was released. I don't even know when HW2 was released, 2004? Steam is still saying a 2013 date for CoH 2 though, so I'm not worried.
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http://www.ripten.com/2012/11/10/thq-defaults-on-50-million-line-of-credit/
Wonder what the stock price will be on Monday.
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Time to short sell their stock I think. Might see the price drop close to a dollar or even below it
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It's at 1.16 now. It was at 1.35 before the opening bell.
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Let's all hope THQ starts shedding assets to make cash. AKA, selling Volition.
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I...don't think they'll sell one of their most profitable subsidiaries. :p
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Let's donate to :v:'s founders then have them buy the studio.
Then they can make games out of their own volition. ;7
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There was a quote from Ubisoft's president expressing interest in some of THQ's properties, which would presumably include :v:'s stuff.
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I'm in two minds about Ubisoft, on one hand they do the Anno series, which I love, on the other, they are one of the worst companies for invasive DRM and 'quick-buck' DLC that I know of.
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i haven't had any problem with ubisoft in the past. granted, i only have a couple of their games. but it's kinda hard for me to complain about their practices in light of what EA is doing. money grab DLCs are just the new normal. the video game industry's version of "secret inflation".
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I...don't think they'll sell one of their most profitable subsidiaries. :p
At this point, it won't matter. They need money, fast. Best way to do it is sell your most profitable subsidiary for a **** load of money.
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Their current stock price is $1.11. They better act fast.
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Unless we wanna get a few guys together to put together an LBO whilst the price is down. Cuz that's the way we roll.
Edit - oh wait is their D/E already enough. Nvm then.
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Stock price is now 0.36 and the company has filed for bankruptcy.
The Humble Bundle didn't generate enough revenue to save their asses.
Time to sell off assets?
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Bankruptcy might be a good thing for these guys.
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It's probably going to mean that THQ's going to be a lot smaller next year. I just hope that :v: will be able to do Saint's Row 4....
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I don't like this. I hope that the licenses from Games Workshop for WH40K and regular Warhammer end up in good hands. THQ had some sort of monopoly agreement with GW regarding those games. I also hope :v: won't get shut down in this mess, or transferred to a company which would waste it's potential.
Ah, and I wonder what those Stompy Bot guys are up to...
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I hope that the licenses from Games Workshop for WH40K and regular Warhammer end up in good hands.
THQ only had the 40k license, IIRC. And even then, it's not like they did anything with it since SPESS MAUREEN.
I also hope :v: won't get shut down in this mess, or transferred to a company which would waste it's potential.
If anything, :v: forms the core of THQ's profitable developers, given their strong homegrown IPs. Anyway, filing for bankruptcy does not automatically mean that the company is being shut down and its assets dispersed. It just means that the company gets a bit of breathing room and time to consolidate its operations while plans are drafted and enacted to ensure that the remaining debts get serviced.
What I am more worried about is what this means for Obsidian, given that one of their projects was funded by THQ.
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I hope that the licenses from Games Workshop for WH40K and regular Warhammer end up in good hands.
THQ only had the 40k license, IIRC. And even then, it's not like they did anything with it since SPESS MAUREEN.
You're right, Warhammer Fantasy stuff wasn't made by THQ. My bad. Also, it's hardly surprising they haven't produced an 40K title for some time, their spiral into bankrupcy didn't start overnight. There's been some talk of DoW3, but nothing official.
Anyway, filing for bankruptcy does not automatically mean that the company is being shut down and its assets dispersed.
Not usually, but this happens sometimes. I hope you're right in that there's nothing to worry about. But as they say "hope for the best, prepare for the worst".
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Hm.
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Well, that was quick.
http://www.rockpapershotgun.com/2012/12/19/thq-filing-for-bankruptcy-selling-off-assets/
Seems there's an investor lined up already.
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:pimp:
It was................................
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Snail :yes:
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Just as long as the rights of FS aren't bought up by He-Who-Shall-Not-Be-Named.
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Just as long as the rights of FS aren't bought up by He-Who-Shall-Not-Be-Named.
But, um, hasn't the whole issue for the past decade or so been that the rights are with Interplay, not THQ?
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Just as long as the rights of FS aren't bought up by He-Who-Shall-Not-Be-Named.
Bethesda? :D
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Seems like Ubisoft might be interested to buy THQ's assets
http://www.mcvuk.com/news/read/ubisoft-plots-thq-bid/0108645
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Just as long as the rights of FS aren't bought up by He-Who-Shall-Not-Be-Named.
But, um, hasn't the whole issue for the past decade or so been that the rights are with Interplay, not THQ?
I looked at Interplay's homepage. They are selling Prehistorik Man for android and other gems like that. (well, I love MDK2 but damn)
e: they are developing Descent for the wii and Battle Chess (!!!) for PC.
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Let's all hope THQ starts shedding assets to make cash. AKA, selling Volition.
Aka, selling Volition, to EA... ? NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!
:p
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here is one, with the increase in the profile of the indie scene over the last few years would :v: be able to raise the capital to go independent and if they do so what would everyone's opinion of that be?
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I'd love to see :v: go indie. Maybe they'd finally do a next Descent of even FS3. It'd be funny if they did the latter, if just to screw with everyone here who says "it'll never happen".
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Volition are an established AAA developer with an excellent history, they have no motivation to go indie.
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Why not? They'd have freedom to do what they want and all the money would go to them. Bohemia Interactive is also a reputable AAA developer, yet it's "Indie" by the classic definition after splitting from Codemasters. They're better off for it, too.
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Why not? They'd have freedom to do what they want and all the money would go to them.
This is wrong.
Volition is a wholly-owned subsidiary of THQ. As such, they are not free to make their own business decisions, everything they do has to be signed off (and ultimately financed) by THQ. Going indie is only a good idea if :v: can prove to THQ's management (and the bankruptcy administrators!) that they can turn a healthy profit by doing so; Considering that any such move would mean abandoning or delaying projects that are assumed to be very profitable indeed (namely Saint's Row 4), noone in their right minds would support such a notion.
Now, that does not mean that they can't do what Obsidian did and do a Kickstarter-funded project (Or go the Star Citizen route of using crowdfunding to get other investors on board), but it's somewhat unlikely for them to take such a leap of confidence when they can just as well continue what they have been doing and have a somewhat sure way of generating revenue.
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Well, if that's the situation, then they indeed can't just split off from THQ. I hope Saint's Row 4 sells well in this case, maybe it'll keep them afloat.
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Seems like a Koch media (publisher of Dead island) is interested buying Volition and Sega is interested on Relic
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Interesting to see how that evolves. Not a fan of Sega's involvement after the Japan arm of the company went mental on YouTube content
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To my understanding, the Japan arm of Sega was always a bit loopy.
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I'm not surprised, considering what kind of games Japanese make. :) I hope that Sega manages to strike a deal with GW so that Relic can keep making 40K games.
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Relic Entertainment
Makers of Company of Heroes
Winning bidder: Sega, $26.6 million.
Runner-up: Zenimax Media, $26.3 million.
THQ Montreal
Makers of 1666 and Underdog, titles under development.
Winning bidder: Ubisoft, $2.5 million. No runner-up.
Evolve
(title in development at Turtle Rock Studios)
Winning bidder: Take-Two Interactive, $10.894 million.
Runner-up: Turtle Rock Studios, $250,000.
Volition, Inc.
Maker of Saints Row
Winning bidder: Koch Media, $22,312,925.
Runner-up: Ubisoft, $5.4 million.
Homefront
Released 2011; due for a sequel.
Winning bidder: Crytek. $544,218.
No runner-up.
Metro
Series; due for the sequel Metro: Last Light.
Winning Bidder: Koch Media, $5,877,551
Runner-up: Ubisoft: $5.175 million.
South Park
License; South Park: The Stick of Truth is due for release March 5.
Winning bidder: Ubisoft, $3,265,306
No runner-up.
Source kotaku http://kotaku.com/5978425/thq-is-getting-sold-off-today++heres-everything-we-know
well good news none of the assets went to EA
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Homefront is due for a sequel in what universe?
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Homefront is due for a sequel in what universe?
Homefront has had a sequel in development at Crytek for at least a year now
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i didn't realize crytek was independent now. too bad volition didn't go to them.
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Oh thank God...I saw "Koch Media" and though it was something connected to those Kochs. Hopefully this works out well for :v:.
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Homefront has had a sequel in development at Crytek for at least a year now
That does not make it a good idea, or one that belongs in a marginally sane universe.
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Homefront has had a sequel in development at Crytek for at least a year now
That does not make it a good idea, or one that belongs in a marginally sane universe.
Yeah I agree, but, well -
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of the players out there Crytech is probably one of the better options for fixing it
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The guys who own V now publish X3
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I'm very glad Ubisoft didn't get it.
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Seems like a Koch media (publisher of Dead island) is interested buying Volition and Sega is interested on Relic
So FS3 deluxe edition preorders will come with a bloody Miss Vasuda torso (http://www.rockpapershotgun.com/2013/01/15/deep-silver-promote-dead-island-with-appalling-statue/)?
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You say Koch published X3?
Start the letters! Convince Koch to buy the FS license from Interplay! Get it back into the position where V can do something with it!
I'm sure if we show big enough crowd support, we can convince both V and their new publisher to do this.
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probably better that fs3 doesn't get made. not a huge market for it, and plus the it would be hard to meet the niche market expectations for such an endavor
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Well the Koch Brothers now own Volition... yowch.
On the other hand Crytek buying Homefront seems to continue their trend of BEST KOREA.
If they are merging Homefront and Crysis as IPs (the only thing that would make sense) alien tech would at least make the plot of a game I never played and never intend to play slightly less pants-on-head retarded.
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Well the Koch Brothers now own Volition... yowch.
Uh, do they? Isn't Koch Media German (it is)
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Ah, I assumed the worst.
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Crytek has been working on Homefront 2 since before the THQ collapse. God knows why! It won't be merging with Crysis, it'll just be...more Homefront, I guess.
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Kosh, Bosch, why does it always have to be German?
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My last name is Koch. Feels weird to have everyone talking about Koch Media. I didn't even know there was such a company until yesterday.
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Feels weird to have everyone talking about Koch Media. I didn't even know there was such a company until yesterday.
Heh, same for me. Actually, I felt the same way when I heard what "Zenimax" was; it sounded like a VHS or CD-R manufacturer or something...
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Important thing is that Volition didn't get dissolved like Vigil. I'm also glad to see Metro bought up by the same company.
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Important thing is that Volition didn't get dissolved like Vigil. I'm also glad to see Metro bought up by the same company.
It's a shame that vigil to dissolved i quite liked the darksiders series, but there is small hope it's seems like Platinum games would be interested on vigil
Source http://www.polygon.com/2013/1/23/3909506/platinum-games-boss-expresses-interest-in-buying-darksiders-on-twitter
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Relic Entertainment
Makers of Company of Heroes
Winning bidder: Sega, $26.6 million.
Runner-up: Zenimax Media, $26.3 million.
Total War: Green iz da' best?
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Total War: Green iz da' best?
Oh, you mean like this? http://www.hard-light.net/forums/index.php?topic=83076.0
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Relic Entertainment
Makers of Company of Heroes
Winning bidder: Sega, $26.6 million.
Runner-up: Zenimax Media, $26.3 million.
Total War: Green iz da' best?
No, no, no, da red wunz go fasta, every ork knows that.
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Sod off, ya git. Orkses iz green, so green is da best!