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THQ delays Metro, Company of Heroes and South Park titles

THQ delays Metro, Company of Heroes and South Park titles

A poor commercial reception for Darksiders 2 and money spent on the uDraw tablet mean delays for THQ's future games, and a worrying financial outlook.

Games publisher THQ has warned that it is going to be delaying three of its games following a significant net loss for the quarter.

Confirmed in the company's latest earnings calls, the delays will hit three of THQ's titles originally due for release by the end of the year: Company of Heroes 2, Metro: Last Light and South Park: The Stick of Truth.

According to THQ president Jason Rubin, the reasoning behind the delay is one of a concern over quality. '[The games] were all challenged and were guaranteed to fall significantly short of their design specs if they were forced to make their announced release schedules,' Rubin told investors and press during the company's Q2 earnings call. 'Additionally, in light of the aforementioned marketplace changes, even if completed, it would not have had the extra time dedicated to the polish needed to make them shine in this competitive environment.'

The delays to the titles, described by Rubin as 'almost de minimis by game industry standards' puts South Park outside the company's current financial year - not great news when the call also announced a net loss of $12.1 million for the quarter. The reason behind the poor performance, the company claims, is the cost of developing its ill-received uDraw accessory and a poor commercial performance from its latest title. 'Darksiders 2 did not perform to our expectations or live up to its generally favourable reception,' Rubin explained. 'Observing this and other recent industry releases, one is left with a firm understanding that in the current marketplace, only the absolute top tier of releases is making impact on the game consumer.'

The new schedule will see Company of Heroes 2 and Metro: Last Light shifted to March 2013, while South Park: The Stick of Truth moves from March to some time in the 2014 financial year - likely towards the end of the second-half of 2013.

Despite the massive loss and product delays, Rubin was keen to talk up his company's efforts during the call. 'Metro: Last Light should set standards for PC graphics and atmosphere. The title not only takes advantage of the latest DX11 tricks, the developer, 4A Games, manages to bring a good deal of this graphic fidelity to the consoles as well.' he claimed in conclusion.

The company isn't out of the woods yet, however: chief executive officer Brian Farrell warned analysts that the move means THQ needs to find additional capital in order to meet operating expenses, and faces $100 million in convertible notes - essentially IOUs that can be converted into stock or, if the company is ailing, cashed out - due for collection in less than two years.

9 Comments

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rollo 6th November 2012, 12:17 Quote
THQ is in trouble too many games that were just rehashes of old games that they made, Darksiders 2 whilst fun was released when about 5-6 major titles were released at the same time.

Also not sure why a games company needs to make a tablet stick to what you know.
blacko 6th November 2012, 12:22 Quote
hopefully someone will buy out Relic from this mess and carry forward CoH2 and the next warhammer RTS's.
Nikumba 6th November 2012, 13:30 Quote
and make a HW3
Marvin-HHGTTG 6th November 2012, 13:39 Quote
It's a shame because THQ seems to be one of the only competent large publishers left. I'm looking forward immensely to all these games, not least because I enjoyed their previous versions greatly, and South Park looks hilarious.

Can't wait, keep going THQ
Blademrk 6th November 2012, 13:49 Quote
I bought one of the tablet controllers for my nephew Christmas time last year for £20 on Amazon. It was interesting as an art teaching aid, but I fail to see how they expected it to take off at a £50 a pop (rrp) with only a few games to actually use it on the 360/PS3/Wii (as far as I can see the uDraw drawing program, a marvel game and Pictionary).

Darksiders 2 is brilliant, I've really enjoyed this game. I'm taking my time playing it (making sure I get all the collectibles along the way).
I do think that the armour DLC is over priced for what it is though (especially since it's generally only useful at around level 5).
Anfield 6th November 2012, 14:19 Quote
No fair, Metro Last Night and CoH2 are pretty much my to buy list for up coming games...
aacchhoo 7th November 2012, 11:24 Quote
What no COH2 till next year!!! They had better be doing a load of bug fixes and making it look stunning!
That was one of my buy's for this year.
Elton 7th November 2012, 12:59 Quote
Why hasn't anyone made a World in Conflict 2?
kinghaves 7th November 2012, 17:56 Quote
Quote:
Originally Posted by Elton
Why hasn't anyone made a World in Conflict 2?

Seriously, it seems to be one of those games that just fell off of a lot of people's radar. Luckily not mine though.
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