Rumor: THQ Clears 2014 Release Titles, Preps Company for Sale

<p>Rumors heard around the internet are that THQ has canceled their entire 2014 line-up and preparing the company for sale&period;<&sol;p>&NewLine;<p><a href&equals;"https&colon;&sol;&sol;twitter&period;com&sol;&num;&excl;&sol;TheKevinDent"> Kevin Dent&comma; gaming industry veteran<&sol;a>&comma; tweeted that THQ had <a href&equals;"https&colon;&sol;&sol;twitter&period;com&sol;&num;&excl;&sol;TheKevinDent&sol;status&sol;158454172239409152">canceled an MMO<&sol;a> that was being developed under license from The Games Workshop&comma; meaning <em><a href&equals;"https&colon;&sol;&sol;bagogames&period;com&sol;warhammer-40000-dark-millennium-singleplayer&sol;">Warhammer 40&comma;000&colon; Dark Millenium Online<&sol;a>&period; <&sol;em>Dent continued by saying the publisher had also canceled all projects that were to be released in 2014 and had begun returning intellectual property to their licensors&period;<&sol;p>&NewLine;<p>The reason for the return of intellectual property&comma; according to Dent&comma; is to prepare the company for an impending sale&period; &OpenCurlyDoubleQuote;I am hearing everything &lpar;in 2014 is canceled&rpar;&comma; they need to preserve cash&comma;” he said&period; THQ’s stock price sits at about 66 cents&period; Last year at this time it was hovering around &dollar;6&period;<&sol;p>&NewLine;<p>Games that THQ publishes under license include the <em>Warhammer 40&comma;000 series<&sol;em>&comma; <em>WWE<&sol;em> and <em>UFC<&sol;em> lines&comma; <em>Red Faction<&sol;em> and <em>Saint’s Row<&sol;em>&period;<&sol;p>&NewLine;<p>THQ’s chief spokesperson issued a statement denying the rumor that the 2014 projects have been canceled&colon;<&sol;p>&NewLine;<p>&&num;8220&semi;THQ has not cancelled its 2014 line-up&comma; and has not made any decisions regarding the planned MMO&period; As part of the ongoing review of our business&comma; we have made decisions to ensure that the company is strategically addressing the most attractive markets&period; As we have previously announced&comma; we have dramatically reduced our commitment to the kids&&num;8217&semi; boxed games sector which leads to a significantly more focused release schedule moving forward&period; Our slate for calendar 2012 and beyond is focused on high-quality core games and continues to build our digital platform and business&period; We are excited for our pipeline of original and high-quality content along with our relationships with some of the best talent in the industry&period;”<&sol;p>&NewLine;<p>Are you a fan of any THQ franchise&quest; Stay with us for the latest news&period;<&sol;p>&NewLine;<p>&lbrack;Via <a href&equals;"http&colon;&sol;&sol;kotaku&period;com&sol;5876253&sol;thq-wipes-out-games-planned-for-2014-to-ready-itself-for-sale-says-insider&quest;tag&equals;warhammer">Kotaku<&sol;a>&rsqb;<&sol;p>&NewLine;