Posted By James C. about 9 months, 2 weeks ago
Even with a better than average first quarter for fiscal year 2013, raking in a cool $15.4M, it looks like THQ’s massive restructuring tactics has sealed the fate of InSANE, the joint work of Volition Inc., known for the Saints Row and Red Faction franchises, and acclaimed producer and director Guillermo del Toro. Shown off initially at the Spike Video Game Awards in 2010, the survival horror title has been sent to the loony bin for the rest of its days. While there have been reports of the game still being in development, an investor call today has sealed the game’s fate.
“We have decided not to pursue further pre-production on InSANE, and have returned all of our IP rights to Guillermo del Toro. We have also stopped development for certain areas that are not productive for our new strategy. Consistent with this vision, THQ has made a few changes to previously announced projects.”
“First, we made the determination not to pursue any casual Facebook games. Second, we will not be publishing casual mobile games, including those with Innovative Leisure. And third, we have decided not to pursue further pre-production on InSANE, and have returned all of our IP rights to Guillermo del Toro. By canceling these explorations outside of our core business, we feel we can improve focus on our core game portfolio, which remains unchanged.”
While it may look like a string of bad moves beginning with Jason Rubin’s statement of wanting to change Saints Row into the next Skyrim, having almost a two year drought of information from the game in question leads to some dark thoughts, like problems with vision of the game, feature creep, and so on. As of now, it is unclear of what del Toro will do with the IP right aside from InSANE being shelved indefinitely.
Source: The Verge

Not surprised, with THQ balancing the thin line of getting by as a company, they would want to focus on the things that might be a a better guarantee for them.
Here’s hoping del Toro gives the rights to another developer that won’t screw him over. Maybe Rocksteady games could pick it up.
Del Toro can’t catch a break, first Universal backed out on At the Mountains of Madness. Now this.