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 experiences, beginning with the sequel to the award-winning Darksiders in August," president and CEO Brian Farrell said in a THQ earnings statement.

THQ has seen a rough year, with plummeting revenue despite the success of Saints Row: The Third and WWE '12. THQ laid off 240 employees, slashed the salaries of its head honchos and cut its "kids' licensed video games" department earlier this fiscal year, following quarter losses of nearly triple the previous period.

THQ has sold through... (Continue Reading...)

Nintendo's Wii U Mario reveal based on E3 2011 Mario demo

Nintendo said this week that it'll have a new Mario game for the Wii U to show off at E3 - not exactly the most surprising news, but exciting no less. As it turns out, however, that game will apparently be based on last year's Wii U Mario demo ... which was essentially New Super Mario Bros. Wii with Miis in addition to Mushroom Kingdom locals.

Speaking with Eurogamer, Nintendo said of the Mario game for Wii U, "This is based on the Mario experience that was demonstrated at last year's E3 Expo." What we didn't see of the demo last year was how the game will take advantage of the Wii U's WiiPad, so perhaps that revelation will be enough to woo us beyond our currently tepid excitement... (Continue Reading...)


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