Posted on Friday 3-Feb-2012 11:43 AM

Xbox 720, PS4 represent 'tremendous opportunity', claims THQ

New console cycle can "transform" troubled publisher, says boss

The seemingly inevitable arrival of next-generation consoles from Sony and Microsoft represents a "tremendous opportunity" for publishers such as troubled THQ, the firm's said.

Xbox 720 Screenshot
Speaking to investors following the announcement of a £35m net loss in Q3, THQ CEO Brian Farrell claimed that a new console cycle represents both a risk and opportunity to "transform" the company.

"I agree that as we approach a potential new console cycle it does introduce an element of risk. Another way to think about that is it does present a tremendous amount of opportunity," he said.

"The best time to establish new IP is near the beginning of a new cycle and we think that can provide a tremendous opportunity for the transformation of THQ."

The publisher, which yesterday announced the loss of 240 jobs, reported better than expected performances from core games, offset by poor results for the uDraw.

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Comments

6 comments so far...

  1. a_adji on 3 Feb '12 said:

    I just read this article on IGN and nowhere was there a mention of Xbox 720 or PS4 but their was WiiU, so why the biest headline which is quite misleading?

    Dont become that website that tries to lead an article or makes things up in their own favour, try and be real otherwise sack your writers.

    for the true article, please click the lonk below.

    http://uk.games.ign.com/articles/121/1217871p1.html

  2. KK-Headcharge78 on 3 Feb '12 said:

    Good job theres a tremendous opportuity as they've pretty much screwed the one the had this gen.... (SR aside)

  3. dicky1993 on 3 Feb '12 said:

    nah don't bring them out yet, it's their fault for not doing anything decent

  4. rhyfel on 4 Feb '12 said:

    this article proves that the higher up you are the less common sense you have, new consoles wont help THQ, if thay could not do anythink this gen what differance will a new gen of consoles make? a bad workmen always blames his tools.

  5. jester00773 on 4 Feb '12 said:

    THQ never cease to amaze me with the rubbish they come out with. If they want to transform the company then they need to stop releasing games that are full of bugs. Remember when Homefront was released? Did they ever fix the bugs and Glitches in Saints row 1 Multiplayer? No, did they fix the bugs in Saints row 2? Nope. Lets not even mention Saints row the third where we were promised an amazing single player experience. Yeah right. No they just release DLC thats another outfit to go round the smae map, shooting the same people. Boring.

    They should have brought the Multiplayer modes from Saints row1 into SR3 like fans wanted, instead of turning SRTT into the stupid cartoon rubbish that they have brought out.
    THQ is in a mess because they just produce rubbish.

  6. SatoriSatya on 5 Feb '12 said:

    I just read this article on IGN and nowhere was there a mention of Xbox 720 or PS4 but their was WiiU, so why the biest headline which is quite misleading?

    Dont become that website that tries to lead an article or makes things up in their own favour, try and be real otherwise sack your writers.

    for the true article, please click the lonk below.

    http://uk.games.ign.com/articles/121/1217871p1.html

    Indeed, nowhere does THQ's Farrell ever mention the PS4 and X720 by name in his report.

    In fact when asked about the Wii U specifically, he "noted that due to THQ's relationship with all first parties, they're not currently commenting on development for specific systems".