THQ Cuts 200 Jobs

Posted on August 20, 2011

THQ announced it is in the process of transitioning its portfolio away from licensed kids titles and movie-based entertainment properties for consoles. THQ will also discontinue development of the MX vs. ATV franchise.

THQ president and ceo Brian Farrell said in a statement, "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. 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."

THQ also recently shut down its Digital Warrington and Kaos Studios.