THQ, Sony alumni join MTV Games

Scott Guthrie takes executive vice president spot, while David Cox joins as senior VP of sales.

Back in May, THQ reported some of the worst financials the company has ever seen, with revenues slipping 22 percent year-over-year to $830 million (£500 million) as losses soared to $431.1 million (£260 million). That was on top of an earlier $220 million (£132 million) in spending cuts and a 24 percent reduction in staff. More recently the beleaguered publisher announced a restructuring as part of its recovery package, reorganising the company into three business groups: Core Games; Kids, Family, and Casual Games; and Online.

Now, THQ will continue its restructuring efforts without its current executive vice president of publishing. Rock Band publisher MTV Games has announced that Scott Guthrie has been named the company's new executive vice president and general manager, leading the publisher's game management team. He will be joined by David Cox, former senior director of sales and merchandising for Sony Computer Entertainment America, who will take up the role as senior vice president of sales.

Guthrie had been executive vice president at THQ for less than two years, having been promoted to the position back in 2007. He had recently spoken out in support of the ESA's plans to scale up this year's E3, saying, "It is very exciting for the videogame industry to once again have a global platform from which to report on the trends, innovations and exciting new games that are fueling the growth of our market."

Having pledged to devote $500 million (£301 million) toward game development back in 2007, MTV Games has seen great success with its Harmonix partnership and Rock Band. The series shipped more than 10 million copies and is soon to be expanded further with the release of The Beatles: Rock Band, which is due out September 9.

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Discussion

23 comments
Kman8909
Kman8909

THQ can't seem to get a break, I wonder how long it will be before the company is swallowed up. Sony probably isn't feeling this one too bad but I could be wrong. I hope both companies manage to make things work.

Excedra
Excedra

sales...thats all they care about

jmanversion1
jmanversion1

Man...i havnt seen anything good from THQ in ages...i couldnt care less about that company..

alexkn64
alexkn64

MTV should not have a gaming division. They're to gaming as they are to music; as in they no longer play any music on their channel anymore. It's all BS dating reality shows and the music they do play is piss poor like the Jonas Brothers/Miley Cyrus. I cried a little inside when I originally found out MTV had a gaming division.

5sonic
5sonic

BalramRules@Yeah Sony is a million times better (sarcasm)... except in sales. Anyway, no more fanboys. Sucks to be THQ.

sexyspartan12
sexyspartan12

@BalramRules did u knw that blu ray uses a little microsoft tech? Anyways. This news aint important.

R3v0luti0n
R3v0luti0n

Mark Walton, you tried way too hard with the information.

gnbfd
gnbfd

ummm... ok. Not really interesting but still important I guess anyway RB2 ftw!

Zathic
Zathic

I feel stupid, what did I just read?

kavadias1981
kavadias1981

I know it is gaming news so we should expect it but reading about the restructuring in a company doesn't really interest me. It is the games and consoles that do that.

D4NZEL-709
D4NZEL-709

I wonder if they are going to make a new kinda singstar GH

DarkProwl
DarkProwl

MTV Games doesn't own anything. It's just got two new staff members, one from THQ and one from Sony.

da_illest101
da_illest101

i don't get it, can someone explain it plz

mariokart64fan
mariokart64fan

so sony owns thq ,, or mtv owns sony and thq lol ,

BalramRules
BalramRules

Is THQ owned by Sony or what? I really doubt it, but at the end Sony's MILLIONS OF TIMES BETTER THAN Microsoft!

Regisland
Regisland

@ Beastcake bad..........really bad