Quick Jump Daily Digest
Thank you for your interest in the Quick Jump Daily Digest. Get notified of all new content on QJ in our free Daily Digest. To subscribe, enter your email address below and click the subscribe button.
Saint's Row publisher THQ reports US$ 192 million loss, 600 layoffs planned |
Listed in: News Tags: Brian Farrell, Nintendo, THQ, WWE, WWE Smackdown
Ó
A rumor spread a few days ago that THQ finally folded after months of struggling to keep above water. The rumor was wrong, but from the looks of it, it probably won't be long before it becomes true. Their latest financial numbers show a US$ 192 million loss, and the Saints Row publisher is now planning to reduce their headcount by 600.
All in all, THQ's share price fell 80% from last year. Despite the heavy losses though, the company seems optimistic, with CEO Brian Farrell saying:
Established franchises like Saints Row and WWE SmackDown vs. Raw, as well as new franchises such as de Blob and Big Beach Sports for the Nintendo Wii, give us confidence in our strategy going forward.
Well, you have to reassure the investors, right? Although they posted high numbers of shipments for their games, they didn't provide actual sales numbers. To date, Saint's Row 2 (360, PS3) shipped 2.6 million units, and WWE SmackDown vs. Raw 2009 (360, PS3, PSP, Wii, DS) has shipped 4 million.
They do have a couple of games lined-up that will hopefully give them some financial reprieve, like Warhammer: Dawn of War II, WWE Legends of WrestleMania, Red Faction: Guerilla, and their Ultimate Fighting Championship games. Unfortunately, these don't have any release dates yet.
Related Articles:
- Analysts lay the smackdown: THQ franchises slump, WWE, Saints Row, SpongeBob
- Electronic Arts: Godfather II delayed, even more layoffs planned
Via Gamasutra
| This story sucks? This story rocks! |
|
|
HOT GAMING NEWS TOPICS
2K Games
3gs
Activision
Amazon
Atari
Atlus
Australia
Best Buy
Bethesda
BioWare
Blizzard
Bungie Studios
Capcom
Christmas
Codemasters
Crytek
Custom Firmware
Disney
Downloadable Content
EA
EA Sports
ESRB
Eidos Interactive
Electronic Arts
Epic Games
Europe
Exploit
Famitsu
Funcom
GBA
GDC
GameCube
GameStop
Google
Harmonix
Hideo Kojima
Infinity Ward
Insomniac Games
Japan
Koei
Konami
Linux
LittleBigPlanet
London
Lua
LucasArts
MTV
Major Nelson
Media Molecule
Michael Pachter
Microsoft
Microsoft Points
Midway Games
NCsoft
NES
NPD
Namco Bandai
Naughty Dog
New York
Nintendo
Nintendo of America
North America
Nunchuk
PS2
PSOne
PlayStation Network
PlayStation Store
Playstation Home
Pokemon
SCEA
SCEE
SIXAXIS
SOE
Sega
Sonic
Sony
Square Enix
Star Wars
Steam
Super Mario
THQ
Take-Two Interactive
Tecmo
UK
Ubisoft
Unreal Engine
Wii Points
Wiimote
XMB
Xbox Live Arcade
YouTube
Zelda
apple
apple news
dlc
e3
games for windows
gaming accessories
homebrew
industry news
interviews
ios
jailbreak
memory stick
mmorpg rumors
news
playstation 3 updates
ps3 news
psn
psp accessories
psp exploits
psp firmware
psp hacks
psp homebrew
psp homebrew emulators
psp homebrew games
psp homebrews
rpg
tablet
valve
xbox 360 cheats
xbox 360 hacks
xbox 360 mods
xbox 360 titles
xbox live
POPULAR GAMING NEWS SEARCHES
n64 rom | vlc4iphone | fba4ps | pimp screen | ipl injection | wintedows | psp farmville | joyau | artillery shell | vlc psp | psp harry potter | virusbarrier | tti141upgrade | ktunel | iphone gba | violation | gameboy emulaotr | pspgo brightness | ipad n64 | save file mhu | gundam psp games | vilvic | dragonball ragging blast | viewtiful joe | dns hack | ipad games | wij portal | 7 zip download | ios202 | recent psp applications | gpsp | atlus | sports games | 300zx | cso iso converter | video online | ios 57 v5919 | more sound | cid gta | version faker | spirit tracks | mp4 convertor | vdeo six | milf tube | xbox original | kareena kapoor | installers | wii any region | broken sword 2 | usbss | ekaraoke | nds skin | other os removal | installation | usb iso xbox | 500 evoot | how install ftp psp | prometheus modul | us update | wifi hacker | mgs2 substance | wii points | insomniac79 | jpcsp configurazione | uri maker | ffxix | media go download | insomiac ea | ds lite hack | le recovery | mac osx leopard | insaniquarium | upload ps3 | ccc | monster hunter porte | transformers dark ps | easycap for windows 7 | up all night | sims 2 | psp 300 hack | free games win7 | duel 1971 | unix shell | smsplus | xreader psp | just dance ps3 | insane | unbricking | zelda t | ipad mac ios | radi | hybid | initiald | haif byte loader | un brick | google xnx katrena | super smash bros clash ds demo | umg gen 4 | dolphon | inian | psp type 2 | prawan indo | acid | umd stream | q mixer latest ver | boot loader | infinity cat | uiujtyjytu6y | how watch | light mp 3 | ubunto on psp | psp mac address | touch facebook | indians bomb | ua paint | psp battery problems | savedatas | ifitness | ir shell full | xnx 18 | the reader | icetea | eboots | guinness world reco | type | dj hero | sound booster | ice tower | tymartez | ps1 gta | free wad | paintown | kamapisachi tamil st | twixter | hunting psp | tvuplayee | psp hb apps | hugowii | psj pup | tvuplaye | free psp game download | htc universal | bloody roar 2 | tvu playr | htc on itouch | bloody roar 4 | dungeons and dagons | tuukin psp | extraction | placasoft dead pixel cleaner | turn based | sx | homestuck | dance heads | how to run iso games | truha bu | bungie chargers | tropico | homebrewb | strangers wrath | triple tread | trivia bot | mega drive psp | hold plugins | kitty | durango | wakfu | triiforce | psp doodle jump7 | hathine | pmp advanced | hijack | toystory | super smash bros fba | benq |












Comments
and Saints Row 3.
Reply
Reply
Reply
How much money do you think these people really have?
I wish they'd put some development time in to tasteful games that might actually sell on a proper platform.
The Wii has too much competition on 3rd-party titles; not enough money to be made.
Reply
Reply
Where did 50 Cent go? I hated the lil f*cker, but tons of idiots bought his albums, does he still release stuff?
Reply
Maybe if you did more than just watch a 20 second trailer you'd know the game isn't what you think it is.
Reply