Navigation
THQ to Acquire Leading Developer Big Huge Games
Company: THQ
Date: 15 Jan 2008
AGOURA HILLS, Calif.--(BUSINESS WIRE)--THQ Inc. (NASDAQ:THQI - News) today announced plans to acquire Big Huge Games, a leading development studio focused on the Role-Playing-Game (RPG) genre, a multi-billion dollar market segment.
Big Huge Games was founded in 2000 by four veteran game developers, Brian Reynolds, Jason Coleman, Dave Inscore and Tim Train, who together have brought strategy gamers such classic hits as Rise of Nations®, Alpha Centauri®, and Civilization II®. Key studio members also include Ken Rolston, a 25-year RPG design veteran whose most recent design accolades include Elder Scrolls IV: OblivionTM and Elder Scrolls III; MorrowindTM.
“The acquisition of Big Huge Games is a big win for THQ as we continue to expand both our internal development capabilities and our portfolio of owned intellectual properties,†said Jack Sorensen, executive vice president of worldwide studios, THQ. “The talent at Big Huge Games has an outstanding history of developing top-selling quality games and we look forward to their creation of many exciting new owned franchises for THQ.â€
“We are extremely excited to become a part of THQ,†said Tim Train, president and COO of Big Huge Games. “We believe their passion for games, developer support, and understanding of the creative process is without parallel in the industry. THQ provides an ideal environment to help us develop new, innovative games for both core gamers and mass market.â€
The studio is currently in development on a previously announced new RPG title for THQ for the Xbox 360® video game and entertainment system, PLAYSTATION®3 computer entertainment system and Windows PC, as well as additional console projects based on their proprietary technology.
The acquisition is expected to close shortly, subject to certain conditions. Under the terms of the agreement, Big Huge Games will become a wholly owned subsidiary of THQ and the studio’s management and employees will continue with the company. The 100 person studio is located in Timonium, Maryland. Financial terms were not disclosed.
About Big Huge Games
Founded in 2000 by four veteran game developers who together have brought strategy gamers such classic hits as Rise of Nations®, Alpha Centauri®, and Civilization II®, Big Huge Games is a video game studio focused on cutting-edge technology and aimed at mass-market game development. Big Huge Games founders Brian Reynolds, Jason Coleman, David Inscore and Tim Train continue in the tradition of creating inspired and innovative games for PC and next-generation consoles. Creating games that have received numerous "Game of the Year" awards and accolades, Big Huge Games is headquartered in Timonium, Maryland. For more information about Big Huge Games, please visit www.bighugegames.com.
About THQ
THQ Inc. (NASDAQ:THQI - News) is a leading worldwide developer and publisher of interactive entertainment software. Headquartered in Los Angeles County, California, THQ sells product through its global network of offices located throughout North America, Europe and Asia Pacific. More information about THQ and its products may be found at www.thq.com and www.thqwireless.com. THQ, THQ Wireless and their respective logos are trademarks and/or registered trademarks of THQ Inc.
All other trademarks are trademarks or registered trademarks of their respective owners.
The statements contained in this press release that are not historical facts may be “forward-looking statements†within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about the business of THQ Inc. and its subsidiaries (collectively referred to as “THQâ€), including, but not limited to, expectations and projections related to the acquisition of Big Huge Games and the studio’s ability to create successful franchises for THQ, and are based upon management’s current beliefs and certain assumptions made by management. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to, business, competitive, economic, legal, political and technological factors affecting our industry, operations, markets, products or pricing as well as THQ’s ability to successfully integrate the acquired business. Readers should carefully review the risk factors and the information that could materially affect THQ’s financial results, described in other documents that THQ files from time to time with the Securities and Exchange Commission, including its Quarterly Reports on Form 10-Q and Annual Report on Form 10-K for the fiscal period ended March 31, 2007, and particularly the discussion of risk factors set forth therein. Unless otherwise required by law, THQ disclaims any obligation to update its view on any such risks or uncertainties or to revise or publicly release the results of any revision to these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Big Huge Games was founded in 2000 by four veteran game developers, Brian Reynolds, Jason Coleman, Dave Inscore and Tim Train, who together have brought strategy gamers such classic hits as Rise of Nations®, Alpha Centauri®, and Civilization II®. Key studio members also include Ken Rolston, a 25-year RPG design veteran whose most recent design accolades include Elder Scrolls IV: OblivionTM and Elder Scrolls III; MorrowindTM.
“The acquisition of Big Huge Games is a big win for THQ as we continue to expand both our internal development capabilities and our portfolio of owned intellectual properties,†said Jack Sorensen, executive vice president of worldwide studios, THQ. “The talent at Big Huge Games has an outstanding history of developing top-selling quality games and we look forward to their creation of many exciting new owned franchises for THQ.â€
“We are extremely excited to become a part of THQ,†said Tim Train, president and COO of Big Huge Games. “We believe their passion for games, developer support, and understanding of the creative process is without parallel in the industry. THQ provides an ideal environment to help us develop new, innovative games for both core gamers and mass market.â€
The studio is currently in development on a previously announced new RPG title for THQ for the Xbox 360® video game and entertainment system, PLAYSTATION®3 computer entertainment system and Windows PC, as well as additional console projects based on their proprietary technology.
The acquisition is expected to close shortly, subject to certain conditions. Under the terms of the agreement, Big Huge Games will become a wholly owned subsidiary of THQ and the studio’s management and employees will continue with the company. The 100 person studio is located in Timonium, Maryland. Financial terms were not disclosed.
About Big Huge Games
Founded in 2000 by four veteran game developers who together have brought strategy gamers such classic hits as Rise of Nations®, Alpha Centauri®, and Civilization II®, Big Huge Games is a video game studio focused on cutting-edge technology and aimed at mass-market game development. Big Huge Games founders Brian Reynolds, Jason Coleman, David Inscore and Tim Train continue in the tradition of creating inspired and innovative games for PC and next-generation consoles. Creating games that have received numerous "Game of the Year" awards and accolades, Big Huge Games is headquartered in Timonium, Maryland. For more information about Big Huge Games, please visit www.bighugegames.com.
About THQ
THQ Inc. (NASDAQ:THQI - News) is a leading worldwide developer and publisher of interactive entertainment software. Headquartered in Los Angeles County, California, THQ sells product through its global network of offices located throughout North America, Europe and Asia Pacific. More information about THQ and its products may be found at www.thq.com and www.thqwireless.com. THQ, THQ Wireless and their respective logos are trademarks and/or registered trademarks of THQ Inc.
All other trademarks are trademarks or registered trademarks of their respective owners.
The statements contained in this press release that are not historical facts may be “forward-looking statements†within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about the business of THQ Inc. and its subsidiaries (collectively referred to as “THQâ€), including, but not limited to, expectations and projections related to the acquisition of Big Huge Games and the studio’s ability to create successful franchises for THQ, and are based upon management’s current beliefs and certain assumptions made by management. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to, business, competitive, economic, legal, political and technological factors affecting our industry, operations, markets, products or pricing as well as THQ’s ability to successfully integrate the acquired business. Readers should carefully review the risk factors and the information that could materially affect THQ’s financial results, described in other documents that THQ files from time to time with the Securities and Exchange Commission, including its Quarterly Reports on Form 10-Q and Annual Report on Form 10-K for the fiscal period ended March 31, 2007, and particularly the discussion of risk factors set forth therein. Unless otherwise required by law, THQ disclaims any obligation to update its view on any such risks or uncertainties or to revise or publicly release the results of any revision to these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Related Resources:
None
Game: Age of Empires 3: The Asian Dynasties (PC)
None
Game: Age of Empires 3: The Asian Dynasties (PC)
DEMOS
PATCHES - CHEATS
REVIEWS
GAME VIDEOS
Sango 2 Demo
Overclocked: A History of ..
Strategic Command 2: Patto..
Mount & Blade v0.950 D..
3DMark Vantage v1.00 Relea..
Overclocked: A History of ..
Strategic Command 2: Patto..
Mount & Blade v0.950 D..
3DMark Vantage v1.00 Relea..
Albatross18 S3 Revolution ..
Men of War 3ds Max plug-in..
Fury: Age of the Chosen v3..
Battlefield 2142 v1.40 to ..
Harpoon 3: Advanced Naval ..
Men of War 3ds Max plug-in..
Fury: Age of the Chosen v3..
Battlefield 2142 v1.40 to ..
Harpoon 3: Advanced Naval ..
NEWS ENTRIES
THIS WEEK'S MOST POPULAR DOWNLOADS
NVIDIA ForceWare 175.16 Beta Windows XP/Vista Drivers.. Sango 2 Demo GamersHell.com James Bond: Top Agent PS3 Giveaway Overclocked: A History of Violence English Demo Strategic Command 2: Patton Drives East Demo Immortals USA Launched and Client Rising Eagle: Futuristic Infantry Warfare Free Full G..
Lineage II: The Chaotic Throne - Hellbound Client (client) TrackMania Nations Forever Free Full Game (fullgame) Rising Eagle: Futuristic Infantry Warfare Free Full G.. (fullgame) Call of Duty 4: Modern Warfare v1.5 Patch (patch) Citroen C4 Robot Free Full Game (Turkish) (fullgame) Call of Duty 4: Modern Warfare v1.4 Patch (patch) Shaiya North American Client (client)