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Home » History of videogames » THQ is no more, SEGA, Ubisoft, and more buy assets

THQ is no more, SEGA, Ubisoft, and more buy assets

by Mitchel Clow

THQ has been confirmed to be dissolved, and all of the different games and developers of the company have been auctioned off to other video game making companies.

As IGN has reported, SEGA has purchased Relic, who has developed Company of Heroes 2. Koch Media bought the creator of the Saints Row series, Volition games. Crytek was already working the game Homefront 2, and has bought the rights to the Homefront series. Furthermore, Take-Two Studios has purchased Turtle Rock Studios’s project Evolve, and Ubisoft has bought both the rights to THQ Montreal, and the games South Park: The Stick of Truth and the Assassin’s Creed’s creator’s game codenamed 1666.

It was announced that THQ’s assets were to be sold ‘title by title’ back in the beginning of January.

The amounts of money that each buyer spent for THQ’s assets was quoted by IGN.

Ubisoft paid $3.2 million for South Park and $2.5 million for THQ Montreal, Koch Media paid $5.8 million for Metro and $22.3 million for Volition and Crytek paid $500,000 for Homefront.

IGN went on to say SEGA bought $26.6 million for Relic, and that Take-Two Studios bid $10.8 million for Evolve.

Although some of the games currently being developed will continue to remain in their respective locations, IGN stated that a lot of THQ employees have reported losing their jobs on social media.

What does this mean for the future of gaming?

It may not be apparent that THQ is no longer a part of the gaming industry, in that all of their major projects, such as codename 1666 and South Park: The Stick of Truth, will remain in production.

At that, most of the groups in charge of making big games, like Saint’s Row, will continue to be able to work on their projects. However, new series from THQ will cease to be created.

Are you upset by THQ’s dissolving? Or do you think its is going to be remedied by the companies that bought THQ’s major franchises?

Featured image credit: koatku.com

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