THQ In Financial Trouble?

Kevin Dent sent out tweets claiming that THQ had cancelled all of it's 2014 lineup and was looking out for a potential buyer. It was said that Warhammer 40,000: Dark Millennium Online had been cancelled and THQ was shopping themselves to Asian companies to drive up the price. However, now it seems these rumors are being denied by THQ and their employees. Here is THQ's official response:

"THQ has not cancelled its 2014 line-up, and has not made any decisions regarding the planned MMO. 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."

This isn't the first time I have heard whispers that THQ was in trouble financially. THQ's stocks are down to 66 cents a share as opposed to 6 dollars (US) last year, according to Dent's figures. In addition, for the past couple years THQ has been restructuring their corporate design so they would produce less shovel-ware and more high quality games. However, some of their games haven't sold as well as expected so it has been believed that THQ was in some sort of trouble. I would hate to see THQ go under because I love the Saints Row series and can't wait to see what is next for the franchise. Not to mention Metro Last Light has been getting a lot of early praise so I hope THQ can sustain itself long enough to release these games. Plus, they just started getting their wrestling franchise just right with the successful launch of WWE 12 which has proved to be a huge seller for the company both critically and commercially.