insolvency, administration

TimeGate Studios Files for Bankruptcy Protection

May 2, 2013 -

Aliens: Colonial Marines co-developer and Section 8 developer TimeGate Studios has filed for Chapter 11 bankruptcy protection in Texas Southern Bankruptcy Court, according to court documents obtained by Polygon.

| Read more

THQ Creditors Line Up With $200 Million in Claims

April 26, 2013 -

THQ's long list of creditors are seeking an estimated $200 million from the bankrupt publisher, according to a filing with the Bancrupcty Court of Delaware.

| Read more

Death, Inc. Developer Closes Doors, Promises Full Refund for Paid Alpha

April 25, 2013 -

Monster Meltdown and Death Inc. developer Ambient Studios announced on its company website that it will be shutting down as a result of serious financial issues.

| Read more

THQ Details Remaining Assets to Be Sold by Mid-May

February 26, 2013 -

THQ announced that it will auction off the remaining assets it didn't manage to sell as part of its bankruptcy. The company hopes to sell the remainder of its intellectual properties by mid-May. Initial bids must be submitted by April 1, with final bids required by April 15. Last month, the bankruptcy court approved the sales of three of THQ's studios and games in development, as well as Evolve, a working title under development at Turtle Rock Studios, Homefront 2, Metro: Last Light and South Park: The Stick of Truth.

1 comment | Read more

HMV Closing an Additional 37 Stores, Laying Off 464 Employees

February 20, 2013 -

UK retailer HMV will close an additional 37 retail stores and cut 464 more jobs, according to a CVG report. The latest round of store closures add to the 66 stores that were recently closed throughout the UK, and the loss of 930 jobs. The closures were announced by Deloitte, the company overseeing HMV's administration.

| Read more

HMV Signs New Supply Agreements with Key Suppliers

February 15, 2013 -

UK retailer HMV has managed to secure key new music, video games, and movie releases, after reaching an agreement with key suppliers this week. Earlier in the week it was announced that HMV closed 66 retail stores, which employed an estimated 930 workers.

| Read more

HMV Ireland Stores Closed, 300 Jobs Lost

February 12, 2013 -

More bad news for employees of HMV - particularly those 300 employees that worked for the UK-based retailer in Ireland. The Ireland-based division of the company has been shut down and some 300 employees are to be affected by the closures, according to a report in the Irish Examiner. All 16 of HMV’s stores have been closed according to the report, and the company has admitted that it was unable to find a buyer and that the stores would remain closed.

| Read more

Sixty-Six HMV UK Retail Stores to Close, 930 Employees Affected

February 7, 2013 -

Deloitte, the administrator handling HMV's UK-based business, has identified 66 HMV stores that will be closed in the next two months, according to a Eurogamer report. These retail store closures will affect 930 employees, the firm announced.

| Read more

THQ Filing Informs SEC it Has Sacked its Top Executives

February 5, 2013 -

While it won't come as any shock, THQ has filed a FORM 8-K with the United States Securities and Exchange Commission ("Item 5.02 - Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers") that it sacked its top executives on January 30, 2013. Given that the company was sold off to various bidders in bits and pieces in an auction in late January, it makes sense that they would inevitably have to let their executives go into the wild. The online filing reads as follows:

| Read more

HMV UK Cuts Massive Amount of Work Force

January 31, 2013 -

UK Retailer HMV has cut 190 jobs across the board, according to administrator Deloitte. Earlier reports had pegged the layoffs at 60, but the group overseeing the retailer's administration later confirmed the larger number. Most notably HMV’s head of technology and games Ewan Pinder was given a pink slip today. The 60 workers who lost jobs were apparently from HMV's head office in the UK.

| Read more

Half of HMV's UK Locations Could be Closed by Hilco

January 28, 2013 -

While UK retailer HMV will survive to fight another day after HMV Canada owner Hilco took it over, it looks like the chain is about to be streamlined so that it operates more efficiently. MCV (by way of The Daily Mail) is reporting that Hilco may close around half of HMV’s 223 UK stores.

| Read more

Former THQ Executive Danny Bilson Comments on THQ's End

January 24, 2013 -

Former THQ executive vice president of core games Danny Bilson laments the dismantling and sale of THQ and its various properties and studios. Bilson worked for more than four years at the publisher before being replaced by former Naughty Dog co-founder Jason Rubin When asked by Polygon for his reaction to all the news surrounding the auctioning off of THQ's assets, Bilson offered the following:

| Read more

A Breakdown of How Much THQ Sold Individual Assets For

January 24, 2013 -

Last night we detailed what assets THQ sold off as part of its auction to generate enough cash to pay down some of its debt, and today we know just how much. The information comes from THQ's filing with the U.S. Bankruptcy Court in Delaware. The court has approved the sale of the assets, but the Chapter 11 bankruptcy case will continue as the former top-three publisher figures out what to do with its remaining assets.

1 comment | Read more

THQ Sends Letter to Employees Revealing Auction Results

January 23, 2013 -

Update: THQ has sold the WWE game license to Take-Two, according to IGN.

5 comments | Read more

 
Forgot your password?
Username :
Password :

Poll

Will Code Avarice's Paranautical Activity make its way back onto Steam?:

Shout box

You're not permitted to post shouts.
Matthew Wilsonubisoft is made to look worse now. wiiu smash is 1080p 60fps lol10/23/2014 - 5:02pm
MonteYou would think that, if GG were really about journalistic ethics, their streams would be more conerned with Shadows of mordor(a REAL controversy involing a major publisher) than with the FALSE jounralistic controversy around Quinn10/23/2014 - 4:49pm
Andrew EisenHope so.10/23/2014 - 4:45pm
Matthew Wilson@ae they may not be able to fix the capture card issue, but hopefuly they can fix the frame rate issue10/23/2014 - 4:31pm
james_fudgeso IDK10/23/2014 - 4:27pm
james_fudgeGuys I sat through a GG stream for two hours. All they talked about was ZQ. We said we were on GJP in the chat and they didn't care.10/23/2014 - 4:27pm
Andrew EisenHopefully I can find some more time.10/23/2014 - 4:26pm
Andrew EisenI'm pretty much out of time to troubleshoot this too. I won't be home until very late and the stream's Saturday.10/23/2014 - 4:19pm
Andrew EisenI guess not, although I did ask and they confirmed that they're not yet supporting my capture hardware.10/23/2014 - 4:18pm
Matthew Wilsonit wouldnt hurt to ask though10/23/2014 - 4:17pm
Andrew EisenThe problem doesn't seem to be OBS specifically, I can't get anything to work.10/23/2014 - 4:16pm
Matthew Wilsonobs has a support irc if you want help10/23/2014 - 4:15pm
Andrew EisenWhat gets me is this worked fine last year. Same PC, same capture hardware, same broadcaster.10/23/2014 - 3:58pm
Andrew EisenWish I knew where the problem was so I could fix it.10/23/2014 - 3:55pm
Andrew EisenMaybe the fact that TWC throttles my upload speed to 1 Mbps is why I've been having so much difficulty live streaming. Then again, the podcast works fine.10/23/2014 - 3:52pm
PHX Corp@Neo_DrKefka @quiknkold agreed, I think everyone needs to just STFU and play Video Games. If the behavior(between #GG and #SGG2014) continues, it's going to eventually affect the Videogame industry negatively(Lost Sales, etc.)10/23/2014 - 3:50pm
Neo_DrKefkaIn a #GamerGate Stream https://www.youtube.com/watch?v=Nd-BahVyFYQ they are too busy talking about Brianna's Wu appearance rather than her actions. Oh god our movement has become less and less about solutions and how can we can resolve these problems.10/23/2014 - 3:28pm
quiknkoldThese people are Arms Dealers selling weapons to both sides of this war, and I feel the only way anything will change is if everybody just stops. CTFO and play games.10/23/2014 - 3:28pm
quiknkoldI'm not specifically Targeting the Gamergate people on this. But There is one or two sick Freaks out there who get their jollys on this, and they are fueled by the war they are making worse.10/23/2014 - 3:27pm
prh99How much longer can the charade continue, the extremists have driven out the majority of people that thought it was about ethics. All that's left are the hooligans.10/23/2014 - 3:25pm
 

Be Heard - Contact Your Politician