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December 19, 2012 | By Ben Fritz
Video game publisher THQ has filed for Chapter 11 bankruptcy protection and will seek a buyer to help it recover from years of business and creative missteps. The Agoura Hills company, best known for the "Saint's Row" franchise and World Wrestling Entertainment licensed games, is working with private investment firm Clearlake Capital Group, which has agreed to enter a $60-million "stalking horse" bid for THQ's U.S. assets. Any would-be suitor for THQ would have to offer more than that.
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ENTERTAINMENT
December 19, 2012 | By Ben Fritz
Video game publisher THQ has filed for Chapter 11 bankruptcy protection and will seek a buyer to help it recover from years of business and creative missteps. The Agoura Hills company, best known for the "Saint's Row" franchise and World Wrestling Entertainment licensed games, is working with private investment firm Clearlake Capital Group, which has agreed to enter a $60-million "stalking horse" bid for THQ's U.S. assets. Any would-be suitor for THQ would have to offer more than that.
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ENTERTAINMENT
May 29, 2012 | By Alex Pham
THQ Inc. has tapped veteran game designer and former game studio executive Jason Rubin to be president, the Agoura Hills video game publisher announced Tuesday. Rubin's appointment comes amid a top-to-bottom reorganization that the financially beleaguered company initiated late last year when it became apparent that a number of major game titles, including uDraw, would miss sales projections. Rubin's arrival at THQ coincides with an announcement that Danny Bilson, THQ's executive vice president of core games, was leaving "to pursue other interests.
ENTERTAINMENT
June 7, 2012 | By Alex Pham
Jason Rubin, the new president of THQ Inc., is bullish on the prospects of his company. Despite the negative news that has battered THQ over the last few months, Rubin said the Agoura Hills game publisher has a decent chance of pulling past its grim financial circumstances. “I have to believe that,” Rubin said during an interview Wednesday at E3, the annual video game convention in Los Angeles. “I wouldn't be here if I didn't think that was true.” Things have been brutal for THQ. Many of its games have not sold well and the market for its children's titles evaporated overnight as kids flocked to free games on smartphones and tablets.
ENTERTAINMENT
June 7, 2012 | By Alex Pham
Jason Rubin, the new president of THQ Inc., is bullish on the prospects of his company. Despite the negative news that has battered THQ over the last few months, Rubin said the Agoura Hills game publisher has a decent chance of pulling past its grim financial circumstances. “I have to believe that,” Rubin said during an interview Wednesday at E3, the annual video game convention in Los Angeles. “I wouldn't be here if I didn't think that was true.” Things have been brutal for THQ. Many of its games have not sold well and the market for its children's titles evaporated overnight as kids flocked to free games on smartphones and tablets.
BUSINESS
August 12, 2007 | Alex Pham, Times Staff Writer
As the entertainment world rushes headlong into the digital realm, Jason Rubin has gone in the other direction. Rubin made his career developing technically complex and visually dazzling video games, including "Crash Bandicoot." This month he dived into comic books, a medium as firmly grounded in pen and paper as video games are in zeros and ones. Oh, and he made a small fortune in between by co-founding Flektor, a social networking website. Rupert Murdoch's News Corp.
ENTERTAINMENT
August 6, 2012 | By Ben Fritz
Financially strapped video game publisher THQ has decided not to get "inSANE," canceling production on a title of the same name that was created by "Pan's Labyrinth" film director Guillermo del Toro. In a conference call with analysts discussing the company's second quarter financial results, THQ's recently installed president, Jason Rubin, said "inSANE" was a victim of ongoing belt-tightening at the Agoura Hills company.  Also this year, THQ has canceled a planned action game called "Devil's Third" and ended a deal to make licensed games based on the Ultimate Fighting Championship league.
ENTERTAINMENT
June 4, 2012 | By Alex Pham
THQ on Monday said it ended an agreement to publish games based on the UFC license, a big blow for the struggling Agoura Hills game publisher that was once the undisputed master of MMA video games. At the same time that THQ made its announcement via a news release, UFC President Dana White strode onto a stage at Electronic Arts' news conference at E3 in Los Angeles to announce a multiyear agreement with EA to make mixed martial arts games. "Our fans are so passionate, it's insane," White said at the media event.
ENTERTAINMENT
June 1, 2012 | By Ben Fritz
After virtually disappearing from sight since late 2010, George Lucas' video game company is attempting a comeback by plunging back into the Star Wars universe. LucasArts on Friday announced that it has been developing a new title, "Star Wars 1313. " Set to be unveiled at the E3 conference next week in Los Angeles, the game puts players in control of a bounty hunter ensconced in a "ruthless criminal underground," according to a company statement. Unlike the plethora of Star Wars titles aimed at kids, the company is describing "Star Wars 1313" as a "mature-themed video game.
ENTERTAINMENT
November 5, 2012 | By Ben Fritz
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. ...
ENTERTAINMENT
May 29, 2012 | By Alex Pham
THQ Inc. has tapped veteran game designer and former game studio executive Jason Rubin to be president, the Agoura Hills video game publisher announced Tuesday. Rubin's appointment comes amid a top-to-bottom reorganization that the financially beleaguered company initiated late last year when it became apparent that a number of major game titles, including uDraw, would miss sales projections. Rubin's arrival at THQ coincides with an announcement that Danny Bilson, THQ's executive vice president of core games, was leaving "to pursue other interests.
BUSINESS
August 12, 2007 | Alex Pham, Times Staff Writer
As the entertainment world rushes headlong into the digital realm, Jason Rubin has gone in the other direction. Rubin made his career developing technically complex and visually dazzling video games, including "Crash Bandicoot." This month he dived into comic books, a medium as firmly grounded in pen and paper as video games are in zeros and ones. Oh, and he made a small fortune in between by co-founding Flektor, a social networking website. Rupert Murdoch's News Corp.
BUSINESS
January 23, 2013 | By Ben Fritz, Los Angeles Times
THQ? RIP. The Agoura Hills video game publisher that only five years ago had a market value of more than $2 billion sold most of its assets at a bankruptcy auction that closed on Tuesday. Games in development and production studios owned by THQ were bought by a variety of competitors for a total of $72 million, according to documents filed in U.S. Bankruptcy Court in Delaware. That exceeded a "stalking horse" bid THQ had from private investment firm Clearlake Capital Group, which offered to take the entire company private for $60 million.
BUSINESS
May 31, 2007 | Joseph Menn, Times Staff Writer
News Corp.'s Internet division plunged further into the fast-growing world of amateur video Wednesday, buying two young companies for a combined $270 million. Fox Interactive Media spent about $250 million for Photobucket Inc., which draws more than 30 million monthly visitors who view and store billions of digital photographs, videos and slideshows. The Beverly Hills-based News Corp. group also spent more than $20 million for little-known Flektor Inc.
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