THQ loses $136M in fiscal 2011

| May 4, 2011

The publisher will be bringing the uDraw tablet to the Xbox 360 and PS3 in an effort to increase revenue.

Homefront wasn’t nearly enough to salvage THQ’s fiscal year. After losing a modest $9 million in fiscal 2010, the publisher was a staggering $136.1 million in the red for fiscal 2011 as revenues dropped from $899.1 million to $665.3 million for the year. THQ will look to turn things around in fiscal 2012 – new games are expected in the Saints Row, Red Faction, Warhammer 40,000, MX vs. ATV, UFC, WWE and uDraw franchises – and they’ll optimistically move forward with what THQ CEO Brian Farrell calls “the strongest pipeline of AAA core games in [company] history.”

“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.

In other news, the company has also announced that the uDraw tablet will soon be available for the Xbox 360 and the PS3. The tablet was launched as a Wii-exclusive device in 2010 and has already shipped 1.7 million units. THQ says that the Xbox and PS3 versions will be “slimmer, sleeker, and designed with the HD customer in mind,” and that more information will be available at E3.

THQ’s top selling products in fiscal 2011 include Homefront (2.6 million), UFC Undisputed 2010 (3 million), and their annual WWE-branded titles (4 million).

Source: Gamasutra

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