During their first quarter financial report to shareholders, THQ announced that they have dropped Guillermo del Toro’s Insane from their stable of upcoming titles. Originally announced during the 2010 Spike TV Video Game Awards, Insane was supposed to be a horror trilogy and was the brainchild of film director del Toro (Pan’s Labyrinth, Hellboy).

Insane had been in pre-production for two years now. Its string of no-shows at the various gaming expos, as well as virtually no information on the project since its announcement, was enough to suggest that things weren’t peachy to begin with. This new announcement from THQ confirms what many have been thinking.

THQ has given all of the IP rights back to del Toro, so there’s still a possibility that this trilogy will be picked up by another publisher. Before the game was axed, del Toro was working alongside Volition Studios on the game’s development. THQ has confirmed that Insane’s cancellation has not affected anyone’s job.

Source: Joystiq

More stuff like this: