THQ has set new goals for itself and will be focusing solely on “high-quality core games and connected experiences for key franchises,” according to a news burst the publisher sent out today, meaning you shouldn’t look to the company for kids’ games going forward.
This comes after the closing of two Homefront developer Kaos, Digital Warrington, two Australian studios, and a 16-year low in shares.
“The company will continue to build its strong portfolio of core game franchises and align its resources to deliver games on both existing consoles and new and emerging platforms,” reads the release. “The company intends to accelerate digital revenues by extending and supporting key console launches, and to create dedicated digital properties for emerging platforms.”
Brian Farrell, President and CEO, further added: “THQ will be a more streamlined organization focused only on our strongest franchises. The success of Saints Row: The Third is an example of what our revised strategy and focus can achieve. We have now shipped 3.8 million units globally and are currently expecting to ship between five and six million units lifetime on this title. Additionally, our robust digital content offerings for this game have resulted in the highest digital revenue of any console title in our history.”
THQ will be reporting its fiscal 2012 third quarter results a week from now.