Send News. Want a reply? Read this. More in the FAQ.   News Forum - All Forums - Mobile - PDA - RSS Headlines  RSS Headlines   Twitter  Twitter
Customize
User Settings
Styles:
LAN Parties
Upcoming one-time events:
San Diego, CA 08/21

Regularly scheduled events

THQ Reports $136M Loss

THQ's losses for fiscal 2011 total $136 million USD, reports Gamasutra, a huge leap from the company's $9 million loss in 2010. This does not quell the optimism from the THQ boss: "THQ posted strong fourth quarter results primarily driven by the success of Homefront," said THQ President and CEO Brian Farrell. "We have already shipped 2.6 million units, a solid start for this new franchise, which kicks off the strongest pipeline of AAA core games in our history." The report says THQ anticipates "significant growth, profitability and cash" in fiscal 2012, driven by releases from a bunch of their franchises: Saints Row, Red Faction, Warhammer 40,000, MX vs. ATV, UFC, WWE, and uDraw. "We are creating a digital ecosystem for each of these games that will continue to keep consumers engaged and generate additional revenue opportunities beyond the initial retail sale," said Farrell. "We also continue to aggressively invest in our digital initiatives, including online social and mobile offerings as well as our Warhammer 40,000: Dark Millennium Online MMO." Thanks Joao.

Email Digg Facebook Twitter   Share More    


 

  
   Current Headlines
PC Dead Rising Next Month
Hacker Evolution IMMERSION Announced
PAC-MAN Championship Edition 2 Next Month
PC DOOM Sells 1M
Gatherings & Competitions
Morning Interviews
Morning Consolidation
Morning Mobilization
Morning Metaverse
Morning Legal Briefs
Game Reviews
Hardware Reviews
etc.
Out of the Blue
Faeria Free for 24 Hours
Heroes of the Storm Adds Auriel
Shadwen Free Update
Heart&Slash Released
BioShock Remastered Trailer
Another LawBreakers Vanguard Video
  

 



footer

Blue's News logo