THQ Shuts Up Shop
- 200 job losses
- Move away from movie tie-ins
- Part of worldwide restructure
Games publisher THQ is closing down two Australian studios – BlueTongue Entertainment and THQ Studio Australia – as part of restructuring worldwide.
This means the loss of 200 jobs as the company says it is heading in a different direction from what used to be its core focus – movie tie ins and children’s games
“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," says Brian Farrell, THQ's president and CEO. "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.”
We think what Farrell is saying, in between the gobbledegook, is that they need to find another way ofraising revenue because kids titles and movie tie-ins aren’t making them enough, money.
Another team based in Phoenix, Arizona in the United States has also been let go.
Brought to you by CyberShack.com.au
