THQ continues to evade financial disaster

New distribution deals, consolidating stocks. Can THQ survive?

TODO alt text

It was announced today that THQ UK has signed a new distribution deal with Gem, as they take over the retail distribution needs of the company. Darksiders 2 will be the first game distributed throughout the UK under the new deal when it is launched on 21 August.

The new agreement comes one day after THQ successfully dodged being delisted from NASDAQ Stock Market. The publisher was threatened with being dropped after its share prices fell below $1, and remained there for more than 30 days.

THQ managed to avoid being delisted by reducing the amount of THQ shares from 68.5 million to 6.9 million – successfully bringing the share price above $1.

It’s been a difficult period for the embattled publisher, which has weathered mass firings, studio shutdowns and a change of president in recent times. Hopefully, this new distribution deal marks a change in its fortunes.

Topics

THQ
We recommend