Jason Rubin: 'massive mistakes' brought THQ to its own demise
Former THQ president Jason Rubin believes the company would have survived its hardships were it not for "massive mistakes," all made prior to his joining THQ in March 2012, he said in a recent interview with MCVUK.
Rubin said THQ's survival was dependent on its restructuring, which resulted in the company filing for bankruptcy and holding an auction to liquidate its assets rather than being acquired by another company.
"I think it is incorrect to attribute THQ's predicament with overall changes in the industry," Rubin said. "To be sure, all triple-A publishers have been under pressure, but THQ had every chance to survive had it not made massive mistakes."
According to Rubin, these mistakes include "incredible losses" due to the failed uDraw tablet, money wasted on the cancelled Warhammer 40,000 MMO, a push for more casual and children's games "far after" the mobile initiative "killed the business," a "generally haphazard and inefficient approach to deal making" and publishing "otherwise inferior titles like Homefront."
"There are certainly things to be said about challenges in the mid-tier triple-A publishing business, but I don't think that conflating it with THQ's experience is helpful," he added.
The former president said he could blame THQ's failure on bad luck, but the "sea of bad decisions" the company made is hard to ignore.
"I think that luck plays a role in success and failure, but THQ's decisions and execution were the major reason for its failure," he said.
In This Storystream:
Studios change hands as THQ's path to bankruptcy continues
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Feb 13, 6:41p Take-Two agrees to assume control of WWE video game license from THQ
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Feb 12, 6:00p Nexuiz's future remains tangled after THQ bankruptcy
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Feb 5, 1:38p THQ terminates CEO and president as company continues to evaporate
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Feb 4, 7:30p Crytek CEO created Crytek USA after one meeting, not pursuing Darksiders IP
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Jan 31, 2:00p Jason Rubin: 'massive mistakes' brought THQ to its own demise
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Jan 28, 6:30p Turtle Rock Studios came out of THQ auction 'in an awesome position,' co-founder says
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Jan 28, 3:38p Crytek forms new Austin studio with former Darksiders developers
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Jan 25, 8:30p THQ employees gather to pour one out for their homies
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Jan 25, 3:06p THQ employees pack up their desks as execs try to find them new jobs
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Jan 25, 2:00a Ubisoft Canada boss says THQ Montreal staff are 'pretty happy ... that everything went well' with the acquisition
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Jan 24, 7:33p Sega purchased THQ's Relic Entertainment to 'reinforce PC game development capabilities'
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Jan 24, 5:32p Judge signs off on THQ bankruptcy sale, deal is done
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Jan 24, 1:27p Danny Bilson: THQ closure is a loss for gamers everywhere
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Jan 24, 9:33a THQ: Bankruptcy sale approved by court
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Jan 24, 12:55a THQ president apologizes to staff who have lost their jobs, wishes others good luck
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Jan 23, 9:39p Vigil received no bids and other details from the THQ courtroom proceedings
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Jan 23, 8:43p Platinum Games boss expresses interest in buying Darksiders on Twitter
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Jan 23, 6:30p WWE video game license reportedly being acquired by Take-Two
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Jan 23, 6:19p A poignant goodbye from one of Vigil Games' many former employees
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Jan 23, 6:10p Ubisoft: 'Too soon to say' if Desilets is returning to Ubisoft after THQ Montreal sale
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Jan 23, 5:56p Ubisoft acquires new IP in THQ auction, THQ Montreal, South Park confirmed
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Jan 23, 5:31p Deep Silver to head all further development on Saints Row and Metro franchises
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Jan 23, 4:26p Crytek offers $500K for Homefront franchise at THQ bankruptcy auction
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Jan 23, 3:54p Koch Media offers $22.3M for Volition and $5.8M for 4A Games' Metro franchise in THQ auction
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Jan 23, 3:54p Vigil Games and properties fail to find buyer, remain as part of THQ's bankruptcy case
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Jan 23, 3:28p Take-Two offers $10.8M for Turtle Rock's Evolve, Turtle Rock attempts to buy IP for $250K
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Jan 23, 3:24p Ubisoft bidding $2.5M for THQ Montreal, $3.265M for South Park in THQ auction
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Jan 23, 3:21p Sega offers $26.6M for Relic Entertainment in THQ auction, ZeniMax bids $26.3M
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Jan 23, 3:11p THQ dissolved, studios sold off, CEO announces in letter to staff
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Jan 23, 3:00p THQ and subsidiary employees begin tweeting about departures from company
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Jan 22, 1:30p South Park Studios objects to THQ's sale of The Stick of Truth, seeks $2.275 million in default payments
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Jan 18, 9:13a Metro: Last Light PC pulled from GameStop digital store in fear of THQ instability
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Jan 11, 10:11a Double Fine interested in THQ games, assets
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Jan 8, 9:43a Future of THQ games could be settled by Jan. 23
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Jan 7, 1:54p THQ's franchises will be auctioned off 'title by title' on Jan. 22 (update)
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Jan 4, 8:46p Five buyers reportedly interested in buying THQ assets and games, including Warner Bros.
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Jan 3, 4:52p THQ lenders object to quick sale of company, want game franchises sold piecemeal
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Jan 2, 2:40p THQ delisted from NASDAQ stock exchange after bankruptcy filing
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Dec 19, 8:09p THQ president Jason Rubin says bankruptcy signals 'a new start' for company
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Dec 19, 3:13p Upcoming THQ projects detailed in bankruptcy filing, games from Turtle Rock, Vigil, Patrice Desilets
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Dec 19, 2:01p THQ files for bankruptcy protection, selling studios and games to bidder
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Dec 12, 9:30a THQ financial trouble has not yet affected Homefront 2 development, says Crytek CEO
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Nov 20, 5:44p THQ in talks with mystery financial sponsor, CFO resigns
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Nov 13, 6:28p THQ details its loan default with Wells Fargo in new filing with SEC (update)
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Nov 10, 6:49p THQ in default with Wells Fargo over $50 million credit facility
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Nov 5, 5:18p THQ posts $21 million loss, seeking financing after key game delays
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Aug 6, 5:22p THQ cancels production on Guillermo del Toro's 'Insane' video game
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May 29, 5:13p THQ names Naughty Dog co-founder as new president; Danny Bilson out
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May 15, 5:56p Itagaki's 'Devil's Third' being sold by THQ
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