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THQ Closes 3 Studios, Ceases Australian Operations

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Another sad day for the Australian Games Industry has it takes another hit with THQ closing down its THQ Studio Brisbane and Blue Tongue as well in USA. These is most likely to blame that high Australian Dollar that remains surpassed the USD. What i dont understand is that why THQ hides the fact that they orignally operated in Australia when it was cheap, anyways this seems to display that THQ is no longer making movie related titles, and that they want to build franchises, i dont know if Saints Row can carry the company. 

We’ve just had confirmation from THQ that it will be closing three studios, including THQ Brisbane and Blue Tongue in order to focus on “high-quality owned IP”.

The closures will affect approximately 200 people.

“With this realignment, we are narrowing our focus to high-quality owned IP with broad appeal that can be leveraged across multiple platforms, and to work with the best talent in the industry. By right-sizing our internal development capacities for our console portfolio, our five internal studios are focused on delivering high-quality games with talented teams driving the execution of those titles to market,” said Brian Farrell, President and CEO, THQ. “As we have outlined in our business strategies, we are making shifts to reduce movie-based and licensed kids’ video games in our portfolio, which underscores our strategy to move away from games that will not generate strong profits in the future.”

“We will continue to evaluate our capital and resources to concentrate on fast growing digital business initiatives such as social games, mobile and tablet -based digital entertainment,” he added.

Five THQ studios remain after the shake-up – with THQ Montreal, led by Assassin’s Creed creator Patrice Desilets, and Volition being the most high profile of those studios.

http://www.kotaku.com.au/2011/08/thq-closes-blue-tongue-and-thq-brisbane-to-focus-on-high-quality-owned-ip/



Of Course That's Just My Opinion, I Could Be Wrong