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THQ Names Production VP

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Agoura Hills-based THQ announced this morning that it has named Ron Moravek as its new Executive Vice President, Production. Moravek is the former co-founder and COO of Relic Entertainment, which he sold to THQ in 2004. He also served at Electronics Arts, Canada, and most recently was a senior advisor to security firm NuCaptcha.

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THQ, Twentieth Century Fox Tie On RIO

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Agoura Hills-based videogame maker THQ said today along with Twentieth Century Fox Consumer Products that they are releasing a new set of games based on the recent RIO movie. THQ said it will ship the RIO video game on the Xbox 360 video game, PlayStation 3, Wii, and Nintendo DS. RIO is set to debut on April 15th.

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THQ To Cut 240 Employees

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Agoura-based THQ said Thursday that it is chopping 240 jobs as part of a "realignment" of its organization, as it exits the kids licensed video game market. THQ said the cuts would save the firm approximately $160M annually between general and administrative costs and product development. READ MORE>>.

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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 Revives 80's Cartoon Voltron

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Agoura Hills-based videogame maker THQ has announced today that it is reviving 1980's cartoon hero Voltron , in a new video game called Voltron: Defender of the Universe. The new game comes as a result of a deal with World Events Productions, Ltd., which owns the Voltron brand and distributes and produces children's animation.

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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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