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Update: THQ has denied speculation that it's 2014 projects have been cancelled in a statement to VG247.

"THQ has not cancelled its 2014 line-up, and has not made any decisions regarding the planned MMO," reads the statement from the company's Australian PR arm. 

"As part of the ongoing review of our business, we have made decisions to ensure that the company is strategically addressing the most attractive markets. As we have previously announced, we have dramatically reduced our commitment to the kids’ boxed games sector which leads to a significantly more focused release schedule moving forward. Our slate for calendar 2012 and beyond is focused on high-quality core games and continues to build our digital platform and business. We are excited for our pipeline of original and high-quality content along with our relationships with some of the best talent in the industry.

“Additionally, we are thrilled with the great performance of Saints Row: The Third, which on a like for like period in North America has tripled in sell-through from Saints Row 2. In addition, WWE ’12’s worldwide sell-through sales are up almost 40% year-over-year for the same sales period with fewer platforms. According to NPD, for the month of December and the 2011 year, THQ was the #5 publisher overall, #4 third party, with reported sell through growing over 18% in a market that was down almost 6%. And coming up next, we have two great titles for the first half of the year including UFC Undisputed 3 and Darksiders 2.”

So there you have it. The rumour was, well, just a rumour.

 

Original story: Rumours of the demise of THQ are spreading fast through Twitter tonight after IGDA mobile SIG head Kevin Dent posted on the social networking site that THQ has cancelled all their 2014 work including 'The Game Workshops' (a new Warhammer game) MMO.

The reason behind the cancellation of their 2014 catalogue is to "preserve cash" as THQ has offered itself for sale to Asian buyers. THQ's present share price is sitting at $0.66 a share having dropped from almost $6 a share this time last year indicating how troubled the last 12 months has been for the publisher. Dent also noted on Twitter that apparently "THQ has returned IP to Disney AFTER paying the advance, with no refund."

We'll bring you more on this as and when we get it, but at this time it'd be best to treat this as purely rumour and speculation until THQ confirm something either way themselves.

via TSA.

 

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