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THQ Files For Bankruptcy

socalTECH

Agoura Hills-based vidoegame maker THQ has filed for Chapter 11 bankruptcy, and is now seeking a buyer, according to the company Wednesday. THQ said that it has entered into an asset purchase agreement with affiliate of Clearlake Capital Group, L.P. million, subject to court approval. million, subject to court approval.

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THQ Details Buyers, Numbers After Fire Sale

socalTECH

Troubled Agoura Hills-based videogame maker THQ has officially been broken up into pieces and sold, according to the firm Wednesday evening, after a U.S. Bankruptcy Court has granted a motion to approve a sale of the majority of THQ's assets to multiple buyers. Vigil Games and a number of other properties remain with THQ in Chapter 11.

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Rumors Swirl Around THQ

socalTECH

Rumors have been swirling around Agoura Hills-based THQ since this weekend, when a gaming industry analyst, Peter Skerritt, reported that the videogame maker was either looking for a buyer or shutting down its videogame development efforts, cancelling its 2014 lineup. as part of an "ongoing review" of its business.

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Image Metrics Buys FacePro

socalTECH

Santa Monica-based Image Metrics , a developer of facial animation software, said Thursday that it has acquired FacePro , a developer of lip sync technology used by art directors. FacePro develops technology which analyzes audio information to automatically drive facial animation. Financial terms of the buy were not disclosed.

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NewFronts | Monetizing Digital Content [Live]

Tech Zulu Event

Oversees the development, production, and programming of YouTube channels CuteWinFail and Petsami, the original series Ultimate Proposal/Ultimate Surprises with Cameron Mathison, Stunt Nation with Sal Masekela on Yahoo, Meet Cute with Ashley Tisdale, and the digital presence for America’s Funniest Home Videos. VP & GM, Digital.

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