Troubled video game publisher THQ has delayed its next three high-profile releases and is seeking to raise new capital in a bid to stay afloat.
The Agoura Hills company said Monday that it is pushing back its widely anticipated game "South Park: The Stick of Truth," which is being made in partnership with the Comedy Central show's creators Matt Stone and Trey Parker, from March 5 to sometime early in its fiscal 2014, which begins April 1.
In addition, it is delaying the shooter games "Company of Heroes 2" and "Metro: Last Light" from early next year to March.
Both "Metro" and "South Park" are being delayed for the second time.
The game delays will result in far less revenue for THQ in its fiscal fourth quarter this winter than previously planned and a capital crunch for the company, which had only $36.3 million of cash on hand as of Sept. 30. As a result, it is exploring "strategic and financing alternatives," according to a statement, in order to raise more capital.