article thumbnail

THQ Seeks Buyer As Sales Slip

socalTECH

Agoura Hills-based videogame maker THQ is looking for a buyer, after reporting less-than-stellar results on Monday afternoon. THQ said it has hired an investment banker to help it consider "strategic alternatives", in hopes of raising additional capital to bring a number of titles to market. in revenues. READ MORE>>.

THQ 147
article thumbnail

THQ Loses CFO, Nears Financing Deal

socalTECH

Troubled videogame maker THQ said late Tuesday that its CFO, Paul J. THQ said that the financing may result in "significant and material" dilution to shareholders of the company. THQ said that the financing may result in "significant and material" dilution to shareholders of the company. READ MORE>>.

THQ 124
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

THQ Chips 114 Employees, Refocuses Warhammer Efforts

socalTECH

Agoura Hills-based game developer THQ said Thursday afternoon that it is cutting 114 employees, and that it has "refocused" its efforts on its Warhammer 40,000: Dark Millennium development efforts. The cuts come at THQ's Austin studios, where 79 employees have been cut, along with its Vancouver, B.C.

THQ 140
article thumbnail

THQ Expects Big Holiday Quarter

socalTECH

Agoura Hills-based videogame maker THQ said Thursday that it expects to see the "biggest quarter in company history" due to holiday sales this season, as it reported nearly doubling its net sales in the three months ended September 30th. The last quarter's sales were helping in part by shipments of Warhammer 40,000: Space Marine.

THQ 133
article thumbnail

THQ Chops 114 Employees, Refocuses Warhammer Efforts

socalTECH

Agoura Hills-based game developer THQ said Thursday afternoon that it is cutting 114 employees, and that it has "refocused" its efforts on its Warhammer 40,000: Dark Millennium development efforts. The cuts come at THQ's Austin studios, where 79 employees have been cut, along with its Vancouver, B.C.

THQ 127
article thumbnail

Emergent Game Technologies Scores Win With THQ

socalTECH

Calabasas-based Emergent Game Technologies , developer of the Gamebryo game engine, disclosed today that the firm has signed on THQ through a master licensing agreement. Financial impact of the win was not disclosed.

THQ 100
article thumbnail

DriveCam Names Technology Vet As New CFO

socalTECH

San Diego-based DriveCam , the firm which develops hardware and services to help monitor fleet driving, said today that it has named Paul J. DriveCam''s systems use video and sensors to help track fleet driver performance and safety. Pucino as its new Executive Vice President and Chief Financial Officer. READ MORE>>.

THQ 138