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Sales up 77% at THQ

American publisher THQ has reported a year-on-year sales increase for the quarter ending June 30th 2009, with revenue jumping 77 per cent to $243.5m. Net income hitting $6.4m – in the same period last year the company suffered a $27.2m loss.

 The big successes for the publisher included first person …

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THQ: PS3 price cut expected, Wii a little soft

On the back of THQ’s recent financial results, CEO Brian Farrell has stated that he believes Sony will cut the price of PS3 this year, whilst also admitting that the Wii market is slowing. We are not expecting a price cut at E3 but we do expect one later in …

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Farrell: We will take strong action

Following THQ’s latest financial filing , Brian Farrell, the chairman, president and CEO of THQ, has stated that his firm is to both aggressively cut costs and place a stronger focus on product quality going forwards as his company enters what he describes as a challenging time” for the publisher. …

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Farrell: Hardware cycle is no more

Speaking at a US event entitled the Pacific Crest 10th Anniversary Technology Leadership Forum, THQ president and CEO Brian Farrell has stated that the traditional console cycle as we know it is no more. MTV Multiplayer quotes Farrell as stating: We used to always think of this industry as ‘the …

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THQ: We can be more aggressive than bigger firms

Speaking to Reuters, THQ’s Brian Farrell has outlined the publisher’s M&A strategy – to grow organically. "We are seeing some opportunities in the marketplace given the two transactions going on," Farrell said. "It’s going to create some opportunities because we are actively looking at every developer, every license out there …

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