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THQ sees net loss of $239.9 million, still in business

THQ saw a net revenue loss of $239.9 million for the fiscal year ending March 31, 2012, $100 million more than the previous fiscal year's loss of $136.1 million. "We have made significant changes to our business, and are on track to execute our strategy of delivering quality connected core gaming ...

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THQ looking to sell off Devil's Third

Ex-Team Ninja head Tomonobu Itagaki's first project after leaving Tecmo could be in trouble. During today's financial briefing call to investors, THQ president and CEO Brian Farrell said Devil's Third no longer fits the publisher's "profitability profile." "The profitability profile for Devil's ...

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Street Fighter X Tekken sales fall short of Capcom expectations, 'cannibalism' blamed

Street Fighter X Tekken may have sold over a million units since launch, but Capcom recently declared that the game didn't hit internal expectations. "Sales of Street Fighter X Tekken have fallen short of our plan. We believe one of causes is cannibalism because of the large number of other games ...

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THQ: WWE franchise rebranding boosted performance

Which would you be more likely to walk into a store and ask for? Something called "WWE 12" or something called "WWE Smackdown vs. Raw 2011?" THQ reports that common sense has won out, as it attributes increased sales of the new title, in part, to the new naming convention. "The successful ...

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South Park: The Game delayed to early 2013

South Park: The Game was originally announced with a launch in the second half of 2012, but it has been pushed to Q4 of FY2013, THQ's financial statement reveals. THQ's financial years run April through March, putting the new launch window in early 2013 territory. Developer Obsidian Entertainment ...

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Saints Row franchise ships 11 million units, SR: The Third expansion due in Sept.

As part of today's year-end financials, THQ announced that the Saints Row franchise has shipped 11 million units globally. Speaking specifically to the latest installment, Saints Row: The Third, the company revealed it has shipped over 4.25 million units and that "the game has generated the highest ...

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Ubisoft profits in 2012, 'core gamers' drive rise in sales

Ubisoft ended the 2012 financial year on the up, reporting a gross profit of €718 million ($917 million) and sales up 2.1 percent to €1 billion ($1.4 billion) year-over-year, according to its financial results for 2011-2012. Ubisoft ended fiscal 2011-12 with net income of €37.3 ...

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If 38 Studios collapses, Rhode Island taxpayers owe $112.6 million

With Rhode Island politicians and 38 Studios silent on the precarious financial condition of the developer, the potential cost of the doomsday scenario to taxpayers has come to light. WPRI reports that if 38 Studios can't pay the bonds it received from the state, taxpayers will actually be ...

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Lightning's story finally hits Final Fantasy XIII-2

It seems to come up in every announcement of other FFXIII-2 DLC – and it's about the person on the game's box – so we're glad to finally see "Lightning's Story: Requiem of the Goddess" arrive today in North America. In this episode, you play out a battle between Lightning and Caius, and ...

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Joy Ride Turbo skids onto Xbox Live Arcade May 23

Joy Ride Turbo, the Kinect-free sequel to Kinect Joy Ride, will be released on Xbox Live Arcade on May 23, according to a new release schedule from Major Nelson. As previously revealed, Joy Ride Turbo features several different modes, including a new Stunt Park, and generally sounds a lot more ...

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