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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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:

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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.

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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.

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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:

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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.

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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.

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Wonderkarpgranted, looking for sage advice in youtune comments id like looking for ducks in a desert11/24/2014 - 3:34pm
Wonderkarpoh dearie me, im being harrased. wheres the colbert report when you need it! i need to plug my patreon because everything on the web is litterall11/24/2014 - 3:32pm
MonteEisen, Ya the 3D clone wars started out aweful, but it actually got really good in later seasons. Particularly AFTER Ahsoka grows up a bit and stops being annoying. I Liked how the series ended11/24/2014 - 3:23pm
Andrew EisenI rather liked First Class but while most thought Future Past was pretty good, the trailers made it look awful and I haven't seen it yet. Come to think of it, I've only seen X-Men 1 and 2 and First Class.11/24/2014 - 3:22pm
MaskedPixelantehttp://www.comicbookresources.com/?page=article&id=57310 The biggest shock here is that Bryan Singer is still attatched to direct.11/24/2014 - 3:18pm
Andrew EisenI'm a third from the top. (I stole that joke from a play I did years ago.)11/24/2014 - 3:12pm
MechaCrashUnfortunately, it is not worth the hassle to make another account named "Time" so I can post "haha, of course not" as a shout, but let's pretend I did. For art. And bad comedy.11/24/2014 - 3:11pm
MechaCrashWill our dear Mr. Hornets ever wonder why TvW videos have closed comments? Will he ask himself why anybody thought a GG blocklist needed to be made? Time will tell, my friends. Time will tell.11/24/2014 - 3:11pm
Wonderkarpwell i am a top. lol11/24/2014 - 3:10pm
Andrew EisenThe makeup sex is going to be INCREDIBLE!11/24/2014 - 3:09pm
Wonderkarpstill here, jackass11/24/2014 - 3:08pm
MechaCrashAnd so the GGer storms off in a huff after some minor insults, never once noticing the irony that any woman who does the same despite receiving far worse is called a coward who's afraid of debate.11/24/2014 - 3:04pm
Wonderkarpthanks again for proving my point, mecha. I'll be over here at the big kids table.11/24/2014 - 3:01pm
MechaCrashIt's hard for me to reach your face when it's that far up your own backside.11/24/2014 - 2:56pm
Wonderkarpits pretty good. reminds me of Firefly in Star Wars cause everybodys han solo. Except for Ezra. he's Padawan Aladdin11/24/2014 - 2:53pm
Andrew EisenI've seen a few extended clips. Nothing that sways me either way. Heard good things about it though.11/24/2014 - 2:52pm
WonderkarpHave you seen Rebels, Andrew? Show is fantastic. And I love how it peppers in bits of the prequals, but not enough. Like "It happened, but its all in the past now"11/24/2014 - 2:51pm
WonderkarpMecha, you need to understand. Your little jabs and your insults. It's all kiddie games. You cant leave a mark on my face. So give up.11/24/2014 - 2:50pm
Andrew EisenI saw the 2D Clone Wars (the ones that were 3 to 7 minutes) and didn't care for 'em (didn't hate 'em though). Saw the 3-part premier and a few early episodes of the 3D show and thought it was bloody awful. Heard it got a lot better though.11/24/2014 - 2:49pm
WonderkarpRobocop the reboot annoys me. Carbomb? and he has that one fleshy hand with all that metal. that out of place fleshy hand.....11/24/2014 - 2:48pm
 

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