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THQ Sells ValueSoft Division To Cosmi Software

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Agoura-based videogame developer THQ has sold off its value PC software arm, ValueSoft , to Westminster, California-based Cosmi , the firms said this morning. THQ said the sale will allow the company to focus on its core video game portfolio. THQ said the sale will allow the company to focus on its core video game portfolio.

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THQ In Deal With Hellboy Director

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Agoura Hills-based THQ announced today that it is in a multi-year deal with the writer and director of Hellboy, Guillermo del Toro, to develop a new trilogy of videogames. THQ said that it is working with Volition Inc. on a new game trilogy called inSANE, where del Toro will act as external creative director. READ MORE>>.

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THQ To Lay Off 600

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Agoura Hills-based THQ , a developer and publisher of video games, said Wednesday that it is making "additional cost reduction actions" which includes the layoff of approximately 600 people, or 24 percent of the company's workforce. THQ said the move was a response to the continuing uncertainty in the market.

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THQ Reports Loss

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Agoura Hills-based video game maker THQ reported its yearly results Wednesday afternoon, reporting that it saw a net loss of $431.1M The firm reported that it now has 1,200 people in its product development organization, after it cut 600 people during its fourth quarter. on sales of $830.0M. the firm lost on sales of $1,030.5M

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Titan Gaming Taps Pierce, McCurdy For Board

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McCurdy was previously at Electronic Arts, serving as Vice President of Technology, and was behind the company's online division and massively multiplayer online games (MMOG) efforts. Christensen to lead business development, and named Michael Steuer as Vice President of product Development.