PC and tablet versions of Devil’s Third announced as part of the collaboration.

Valhalla Game Studios hope to expand Devil’s Third beyond videogames to other forms of media like manga and film.

First announced in 2009, Devil’s Third blends third person shooting with melee sword combat. We haven’t seen any gameplay footage from Devil’s Third since the title switched game engines midway through development.

Devil’s Third, the action/shooter from former Team Ninja leader Tomonobu Itagaki, is in trouble. During an investor’s conference call THQ president Brian Farrell announced they are shopping around for a financial partner for the game.

“In the U.S., more so in the U.S. than in Japan, I think there are a lot of top management people who actually know how to make games,” says Itagaki.

“Nowadays, shooters are mostly war romps or perhaps like survival games where you use airguns,” Itagaki stressed in an interview, emphasizing that his game is not a shooter.