THQ THQ Restructuring

Times are tough, and game developer and publisher THQ has decided to streamline its operations.  This includes some changes in its portfolio of games, with a corresponding reduction in personnel.

“THQ Inc., (NASDAQ:THQI) today announced a strategic realignment of its internal studio development teams to better align resources with the company’s future portfolio of interactive entertainment. THQ is in the process of transitioning its portfolio away from licensed kids titles and movie-based entertainment properties for consoles and has also decided not to actively pursue further development of the MX vs. ATV franchise at this time. As a result, the company announced the closure of two studios in Australia, and the elimination of a development team at the company’s Phoenix location. The company is maintaining its Quality Assurance team in Phoenix.”

This means fewer movie-licensed games and the end of MX vs. ATV from THQ, but of course it also means there are about 200 developers now looking for work.  Best of luck to them, and to THQ as they try and weather the economic storm.