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End of an Era

Wii photo
Selling 100 million is a good stopping point, right?
The Wii may have secured a solid lead ahead of the Xbox 360 and PS3 with a tidy 100 million units under its belt, but let's face facts: its time in the sun is over. With the 3DS dominating in Japan and the US and the Wii U ne...

THQ is done, all assets sold off

Jan 23 // Tony Ponce
To All THQ Employees: We now have the answers we've been seeking through our financial restructuring and Chapter 11 case. While much will be written, here are the facts of the bids and auction that occurred: Yesterday morning, we received a competing bid for the operating business, along with Clearlake's offer, and numerous offers for separate assets. During an auction process that lasted over 22 hours, the final conclusion was that the separate-asset bids would net more than a single buyer for the majority of the company. Shortly, we will, present the results to the U.S. Bankruptcy Court, which must concur with our assessment. The proposed sales of multiple assets is as follows: Sega agreed to purchase Relic Koch Media agreed to purchase Volition and Metro Crytek agreed to purchase Homefront Take 2 agreed purchase Evolve and Ubisoft agreed to purchase Montreal and South Park We expect these sales to close this week. Some assets, including our publishing businesses and Vigil, along with some other intellectual properties are not included in the sale agreements. They will remain part of the Chapter 11 case. We will make every effort to find appropriate buyers, if possible. What this means for 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. Sincerely, Brian Farrell Chief Executive Officer Jason Rubin President
THQ is done photo
THQ's CEO and president send off final letter to employees
[Update 2: Certain licenses that weren't sold off may find new digs elsewhere. The WWE series, for instance, could find its way into Take-Two's pockets.] [Update: Vigil Games' lead combat designer, Ben Cureton, decided to wri...

PS2 discontinued photo
PS2 discontinued

End of an Era: PS2 stops shipping in Japan


You'll be missed
Dec 28
// Dale North
Sony has ceased shipping of the PlayStation 2 console in Japan this week, bringing an end a 13-year lifespan. Whatever is out there on shelves is what's left. That's it. According to Famitsu, more than 150 mill...
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Nintendo Power sends out farewell letters to subscribers


Sep 26
// Tony Ponce
It's still hard to believe that, after 24 years, Nintendo Power is about to be laid to rest. Even while current and former fans mourn, there are some who are oblivious to the magazine's fate. To bring those folks up to speed,...
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Live show: Mash Tactics is losing its king, will live on


Jan 26
// Bill Zoeker
[Video created by Chill Bro community member Audie] Today on Mash Tactics, Carnage and Wesley are playing Metal Gear Solid: Peace Walker from the MGS: HD Collection, but there is more important news to share. On Tuesday's ep...
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[Illustration by Ashley Davis] This is the end, my friends. After the heart-breaking closure of Hudson Soft's North American division last year, tears were shed, but there was still hope that the properties that put the compa...

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EA Sports helping the Earth, ditches printed manuals


Mar 20
// Nick Chester
The days of the printed instruction manual may be numbered. EA Sports has joined the likes of Ubisoft in ditching printed manuals altogether, the publisher has confirmed.
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Meetup at 4PM for the PAX East group photo!


Mar 12
// Hamza CTZ Aziz
Today's the day we meetup for the regular group photo! We'll be meeting up at 425 Summer St, on the steps just outside of O'Conners Bar (where we had the Thursday night party with Machinima) at 4:00PM! We'll then be heading t...
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Square Enix is ready for the death of consoles


Nov 29
// Matthew Razak
The death knoll of consoles and physical media has been ringing since before this current generation of consoles hit the market. It's a long, slow knoll, but it seems that almost everyone is in agreement that its end is comin...
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Blockbuster closing 960 stores before end of next year


Sep 16
// Colette Bennett
I remember when I was a teenager I used to go to Blockbuster so many times a week to rent games and anime all the people that worked there knew me by my first name. At one time, it was a truly awesome service, but now that yo...
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Midway Newcastle reveals Necessary Force with a new trailer


Jun 17
// Joseph Leray
Yesterday, I reported a story from British newspaper The Guardian about Midway Newcastle's two week deadline: if they don't find a buyer by the end of the month, they'll have to close up shop. In that article, the fact that t...
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Sony Online Entertainment jacks out of The Matrix


May 29
// Colette Bennett
Everything about The Matrix Online seemed like a great idea, but since most MMO fans seem content to just play World of Warcraft endlessly, it's hard for other MMOs to make waves. Gamespy reported today that SOE's Daniel &quo...
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Ex-Ensemble staff form another company, Bonfire Studios


Feb 20
// Jordan Devore
By now, you have probably heard that a new development team, Robot Entertainment, was formed out of the remains of real-time strategy king Ensemble Studios.But wait, there's more: a second company has been created from former...
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Ryu goes into retirement: No more Ninja Gaiden, says Itagaki


May 14
// Dale North
Savor each sword slash while you can, because you'll be throwing your last shuriken with Ninja Gaiden II.Series maker Tomonobu Itagaki says that Ninja Gaiden II for the Xbox 360 will be the last game in the Ninja Gaiden serie...
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Michael Pachter: give us a price cut, and unbundle Wii Sports (wrong!)


Jan 30
// SRVSLPS
Nintendo is very much on top of their game, but that hasn't stopped some analysts from giving their opinions on how they could do it better. The current tidbit of advice comes from none other than Michael Pachter, whose lates...
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According to EA's head of international publishing, Gerhard Florin, we would all be better off with one unified gaming platform -- as opposed to the multitude of consoles and handhelds that currently vie for our attention. Sp...

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This is the end, my only friend: Nintendo drops NES support


Oct 17
// Earnest Cavalli
After 22 years (24 if you're pedantic and Japanese) the NES is finally being retired by Nintendo. As of October 31st, Nintendo plans to drop support for the ol' girl, wreaking havoc with the plans of twenty-something nostalgi...






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