![]() ![]() THQ delayed Company of Heroes 2 and Metro: Last Light to March of 2013, and pushed planned March release South Park: The Stick of Truth out of the fiscal year entirely. Death prepares to bring the hammer down in THQ's last major release before bankruptcy, Darksiders 2Įqually concerning to the quarter's sales performance was the lack of help on the way. Appropriately, its sales would not be providing THQ with hope of salvation. Its biggest release of the quarter was the long-awaited Darksiders 2, which fittingly focused on the Horseman of the Apocalypse and cast players in the role of Death. On November 5, THQ issued its second quarter earnings report, with revenues down 26% to $107 million and net losses of $21 million, which, sadly, was a considerable improvement over the previous year's second quarter. That was technically a Bad Call as THQ survived through October, but November made it clear that was more a stay of execution than a commutation of sentence. Things were so clearly bad for the publisher for so long that in April of 2012, Take-Two CEO Strauss Zelnick publicly said THQ wouldn't even be around in six months. ![]() It had spent five and a half years since in an almost constant state of restructuring and laying off and reorganizing and laying off and re-focusing and laying off and re-focusing again and laying off and laying off and laying off and laying off and laying off and, when it could find the time, putting out big games that didn't live up to big sales expectations like Saints Row 2, Red Faction: Armageddon, and its UFC franchise. The last time the company saw an annual profit was in the fiscal year ended March 31 of 2007. THQ was in bad shape in November of 2012, but that was nothing new. ![]()
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