THQ to close 5 studios, maybe more

A wildfire of reports have been released announcing that THQ will be closing up to five studios and will be making more cuts later this week, presumably today (November 5, 2008) during the company’s quarterly reports call.

Reasons for the giant blow are linked to dropping share values and internal problems, similar to that of Electronic Arts.

Gamasutra first reported THQ’s problems with the closing of…