{"id":3477,"date":"2009-02-05T14:52:00","date_gmt":"2009-02-05T12:52:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-29T22:00:00","slug":"thq-reports-192million-loss","status":"publish","type":"post","link":"https:\/\/mygaming.co.za\/news\/business\/3477-thq-reports-192million-loss","title":{"rendered":"THQ reports $192million loss"},"content":{"rendered":"

Ok so compared to EA’s $641million reported loss THQ are actually sitting pretty.<\/p>\n

However, THQ are a lot smaller than EA, and the $192million loss is resulting in an approximate 24 percent stuff reduction, totaling 600 employees.<\/p>\n

Unlike EA, THQ’s Q3 revenue dropped 30 percent to $357.3million according to Gamasutra<\/a>. <\/p>\n

Some top sellers for THQ over the last fiscal year were Saints Row 2 (2.6million), WWE Smack Down Vs Raw 2009 (4million), De Blob (700000) and Big Beach Sports (1.2million).  Unfortunately, these successes were not enough to put THQ in the green.<\/p>\n

The company has announced that from now on they will focus on what they are calling a “highly targeted” plan in order to return to profitability. This entails “investing in games with the highest franchise potential.”<\/p>\n

This is not good news for gamers as it means that the company is less likely to invest in original, fresh ideas, and will be more inclined to rehash old titles that are guaranteed money spinners.<\/p>\n

Thankfully, the company did not announce any changes to the launch of the forthcoming Warhammer: Dawn of War II, nor did it mention any changes with regards to Red Faction: Guerilla.<\/p>\n

The company, whose share price has fallen around 80 percent over the past year, is likely to buckle down and play it very safe over the next few months.<\/p>\n","protected":false},"excerpt":{"rendered":"

Now looking to play it safe<\/p>\n","protected":false},"author":161,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-3477","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/3477","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/users\/161"}],"replies":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/comments?post=3477"}],"version-history":[{"count":0,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/3477\/revisions"}],"wp:attachment":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/media?parent=3477"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/categories?post=3477"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/tags?post=3477"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}