Gaming company giant THQ filed has filed for bankruptcy protection, it seems the company is not doing very well, even with games like WWE’13 on the market. Analyst believe the reason for THQ’s decline is similar to Kodak’s, the company was’nt able to keep up with the times. At one point the gaming company was raking in $800 million in revenue annually and now they’re filing for bankruptcy protection. Are these companies not hiring the right people to tell them the trends of the market. The company has been around since 1989 so they have seen a lot of advancement in the gaming culture.
As for now THQ’s Canadian operations and other foreign operations will not be apart of the bankruptcy protection. To recoup some money for the company THQ sold it’s assets to a private investor Clearlake Capital Group for $60 million.
