THQ announced today during an investor’s conference call that they will no longer be published famed Japanese designer Tomonobu Itagaki’s Devils Third. Devils Third was originally announced back in 2010 and was/will be the first game from Itagaki’s Valhalla Game Studios.
THQ cites financial expenses and the value of the yen as reasons for dropping Devil’s Third. After the company who was making the engine the game would run on went out of business, THQ stepped up to help fund and build a new engine. THQ is currently talking with other publishers in an effort to sell the title to another publisher.
Itagaki is best known for having created the Dead or Alive series, as well as revitalizing Ninja Gaiden as the former head of Team Ninja. Devils Third was scheduled to ship in early 2013
(via Giant Bomb)