THQ CEO Brian Farrell started yesterday’s third quarter earnings call with investors by saying, “On our last call we told you we anticipated that our third quarter would be the largest in our company’s history. Unfortunately, we were wrong.” The company announced a $56 million loss for the quarter ending December 31, 2011, nearly triple [...]
It’s no secret that THQ has not been doing well. As part of its restructuring, the company had planned on shelving licensed kids games. In addition, it appears THQ is no longer producing its uDraw tablet. The original uDraw tablet found success on the Wii, but plans to expand the platform to PS3 and Xbox [...]
IGDA Mobile SIG Chair Kevin Dent predicted that THQ would lay off around 170 employees yesterday. It turns out that he was under reporting the carnage at the company. Today it was revealed that THQ plans to let a total of 240 employees go in the next few months. The majority of the staff cuts [...]
Newsbrief: Alongside THQ’s weak earnings report for its fiscal third quarter, the publisher revealed that it has decided to take a new, more cautious approach with its upcoming Warhammer 40,000-based MMO, Dark Millenium Online. In a Gamasutra-attended investor conference call, THQ CEO Brian Farrell explained that the publisher is looking to partner with another company [...]
Good news! THQ is back to “making decisions regarding the planned MMO” — like, for example, the decision to look for help. During the Q&A portion of its investor conference call, THQ CEO Brian Farrell revealed that THQ is looking for a partner for the development of the expensive Dark Millennium Online. “While the game [...]
Read more on Kotaku: Blaming the poor sales of the uDraw tablet on a dismal third quarter of 2012, THQ has officially halted production on the device and has plans to eliminate existing stock through retail channels. Hey, isn’t Valentine’s Day coming up? More »
Read more on Kotaku:
THQ will no longer manufacture uDraw hardware, according to its fiscal 2012 third quarter financial report. “Sales of the uDraw GameTablet and related software, and other titles in the kids, family and casual category were far weaker than anticipated, substantially reducing our financial results for the quarter,” reported THQ president and CEO Brian Farrell. The [...]
Your return to Russia’s subway system has been postponed until Q1 2013. THQ’s third-quarter financial earnings report revealed the new launch window for Metro: Last Light, the follow-up to 4A Games’ claustrophobic, survivalist shooter from 2010. You can read our impressions of the promising sequel right here, or catch up on some in-game footage. Metro: [...]
Recent rumors held that THQ had canceled its whole 2014 lineup, including Warhammer 40K: Dark Millennium Online. THQ responded shortly after with the cryptic announcement that it “has not made any decisions regarding the planned MMO.” According to a release calendar in today’s earnings report, DMO is still on. The title is listed in the [...]