THQ believes it can bounce back after hitting rock bottom

Posted By | On 13th, Jun. 2012

THQ CEO Brian Farrell believes that the company has hit rock bottom but is slowly getting on its feet, if Q4 results are to be believed. THQ made a decent profit in Q4 due to Saints Row 3 and success in the digital front.

“I think we have not only hit that bottom, but we’re starting to pull out a little bit. Don’t take my word for it, but if you look at our Q4 financial results, we look at that as a template for our future,” he said in an interview with Venturebeat.

“Every one of the games we’re showing have some kind of awards or nominations hanging from them. The focus is working.

“Now, we’re not declaring victory yet. We have a boatload of work to do. But getting Jason Rubin was a huge win. He is a smart, creative, but disciplined guy who has a vision to do even better on the core side.

“We also share a vision for where the industry is going and where the core business is going on a digital level. I’m personally re-energized. I think a lot of the company is too.”

That’s pretty cool CEO speak, but the company isn’t out of the woods yet.


Tagged With: , , , ,

Amazing Articles You Might Want To Check Out!



Share Your Thoughts Below  (Always follow our comments policy!)



Keep On Reading!

Forza Horizon 5 Developer on Xbox One Version: “We’re Feeling Pretty Great About All Versions of the Game”

Forza Horizon 5 Developer on Xbox One Version: “We’re Feeling Pretty Great About All Versions of the Game”

"We're already used to delivering a game on a whole range of system specifications," says Forza Horizon 5 crea...

It Takes Two Has Sold 2 Million Copies

It Takes Two Has Sold 2 Million Copies

Hazlight Studios confirms that the highly acclaimed co-op action platformer has now crossed another major sale...

Forza Horizon 5 – Expeditions, Horizon Open and Horizon Arcade Detailed

Forza Horizon 5 – Expeditions, Horizon Open and Horizon Arcade Detailed

Playground's Mike Brown goes through the curated experiences of Expeditions and also explains changes to multi...

Tetris Effect: Connected – Cross-Platform Play Coming in Late July

Tetris Effect: Connected – Cross-Platform Play Coming in Late July

The update also adds Spectator Mode, PAL Speed and Slow Speed for local and friendly matches. A closed beta fo...

Hitman 3 – Season of Sloth Trailer Details New Escalation, Elusive Target, Featured Contracts, and More

Hitman 3 – Season of Sloth Trailer Details New Escalation, Elusive Target, Featured Contracts, and More

Act 3 of Hitman 3's post-launch plans launched recently, and also adds a new suit, SMG, grenade, and even a ru...

Starfield – Bethesda Understands if You Are “Unhappy or Pissed” About Xbox Exclusivity

Starfield – Bethesda Understands if You Are “Unhappy or Pissed” About Xbox Exclusivity

"I get it. Those are all real feelings and frustrations," says Bethesda's senior vice president of marketing a...