Xbox Gaming in South Africa

Gamesindustry.biz reports that according to Analyst Michael Hickey of Janco Partners, THQ’s future might not be so bright with their chances of going into bankruptcy being rated as 50-50.

The current economic recession will be felt strongly by publishers such as THQ who rely on licensed games such as the WWE franchise to garner most of their income. This is also worsened by the downturn in THQ’s profits of late although THQ’s CEO, Brian Farrell, is downplaying rumours of their demise. He has reiterated that their current plans to cut costs will ensure that the company’s fortunes turn around. Here’s hoping that we don’t see another games company begging at the street corner.