Calabasas, California-based THQ Inc. has entered into a definitive agreement to acquire leading PC development studio, Relic Entertainment. THQ expects the acquisition to be completed by May 1, 2004. Other terms of the all-cash transaction were not disclosed.
Previously, THQ had partnered with Vancouver-based Relic Ent. through a two-property, multi-year publishing agreement including the upcoming realtime strategy (RTS) title, WARHAMMER 40,000: DAWN OF WAR, scheduled to release in fall 2004.
"The Relic acquisition underscores THQ's strategy to acquire development studios with a proven ability to create the highest quality products," said Jack Sorensen, evp of worldwide studios, THQ. "We are confident that Relic's extremely talented teams of designers, programmers and artists will solidify THQ's position as a leading publisher of PC and console entertainment."
"Relic's single greatest achievement through the years is the amazing talent we have assembled from all corners of the globe," said Relic Ent. ceo Alex Garden. "These teams will now be a part of one of the industry's top publishers, whose support will enable even greater opportunities for future success."
Founded in 1997, Relic Ent. has become an industry leader in the development of innovative realtime strategy games for the PC. Relic's first title, HOMEWORLD (1999), was received to widespread acclaim, garnering several "Game of the Year" and "Strategy Game of the Year" awards from major industry publications. Since then, Relic has released HOMEWORLD: CATACLYSM (2000, co-developed with Barking Dog Studios), IMPOSSIBLE CREATURES (2003) and HOMEWORLD 2 (2003). Relic is building on this legacy by developing multiple groundbreaking projects in the RTS genre.
THQ Inc. is a leading, worldwide developer and publisher of interactive entertainment software for a variety of hardware platforms including PC CD-ROM, wireless devices, and those manufactured by Sony Computer Entertainment America Inc., Nintendo and Microsoft. The THQ Website is located at www.thq.com
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