As part of their quarterly financial report, THQ announced that they've shelved plans to collaborate with Guillermo Del Toro on an ambitious horror trilogy.
"We have decided not to pursue further pre-production on inSANE, and have returned all of our IP rights to Guillermo del Toro," explained THQ president Jason Rubin. "By cancelling these explorations outside of our core business, we feel we can improve focus on our core game portfolio, which remains unchanged.”
The inSANE trilogy was originally announced back in 2010, with a projected 2014 release date, but a media blackout meant that we never really knew how the project was progressing. Since the rights have defaulted back to Del Toro, it's possible we'll see it resurface somewhere else.
THQ also decided to cancel mobile and casual development to focus on their "core" portfolio.
Thanks to these high-profile cancellations (Itagaki's Devil's Third was axed back in May and WH40K Dark Millennium was drastically reduced in scope) and strong sales of Saints Row: The Third, THQ posted a slim profit compared to major losses last year. With Darksiders II set for an imminent release, things may be finally looking up for the company after a seriously rocky few months.