The THQ stock price has plummeted and 118 people recently had to leave THQ, one of the most well-known game developers in te world. Last years, ending March 31 2012, revenues were 831 MUSD and 240 MUSD in loss.
A major failure explaining the outstanding losses for the game developer problems are related to last years investments in hardware and software for the console concept uDraw: http://www.worldofudraw.com/tablet. Never heard about it, well that's why it failed.
THQ have well-known titles like Warhammer 40 000, Company of Heroes (done by in-house studio Relic) and recently announced Ultimate Fighting Championship UFC for EA Sports. THQ also is a publisher of Homefront developed by Crytek and another game done by Turtle Rock (creators of Left 4 Dead).