The big news in the industry this week has undoubtedly been the sad demise of THQ, a company that will no longer operate as a videogames publisher on any scale. Many of the company’s assets were sold in a private auction, with SEGA acquiring critically acclaimed strategy videogame developer Relic Entertainment Studio. Today, SEGA has issued an official statement on the acquisition.
Relic Entertainment Studio found fame through the development of real-time strategy (RTS) videogame titles, such as the Warhammer 40,000: Dawn of War and Company of Heroes series. A second Company of Heroes title is anticipated for release soon, and is still likely to see release with SEGA at the helm. The full statement from SEGA follows below and Electronic Theatre will keep you updated with all the latest details on the on-going THQ asset sale.
SEGA Corporation (Headquarters: Tokyo, President, Representative Director, and Chief Operating Officer: Naoya Tsurumi, “SEGA”) acquired all of shares of THQ Canada Inc. (Headquarters: Vancouver, Canada, “THQ Canada”) and some IPs owned by THQ Inc., a parent company of THQ Canada on January 24, 2013 in order to further reinforce PC game development capabilities in the U.S. and European regions. THQ Canada has developed million-seller franchise titles such as “Warhammer 40k Dawn of War” and “Company of Heroes” under the brand of Relic Entertainment Studio.
Relic Entertainment was established in 1997 and acquired by THQ Canada in 2004. THQ Canada have been known familiarly as Relic Entertainment since the acquisition and provided a number of high quality games equipped with graphics equal in quality to movies and rich strategic game features mainly for the PC market in the U.S. and European regions. THQ Canada provides several million seller franchise titles, and its representative products include the “Warhammer 40k Dawn of War” series. As a series Warhammer 40k Dawn of War has sold more than 7 million copies worldwide, whilst the “Company of Heroes” series, a real time strategy game based on the modern history of warfare from World War II and after, has sold more than 4 million copies worldwide.
“We are incredibly excited to welcome Relic Entertainment into the Sega family. They are a highly respected development studio, with Company of Heroes and the Warhammer series both testament to the pedigree of their games” commented Jurgen Post, President and COO, SEGA Europe Ltd. “This acquisition is a strong strategic fit for us and completely in line with our focus on developing new and existing content.”
SEGA already owns three development companies in the U.S. and Europe, and is progressing to support compatibility with the rapidly expanding online games field, such as PC online games, smartphone games and social games. As a result of the THQ Canada acquisition, SEGA will further advance the provision of various appealing entertainment contents by utilising THQ Canada’s high-end content development capabilities and accumulated development know-how, and increase SEGA’s presence in the PC online game market.