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THQ: We're starting to pull out...

Farrell has positive outlook.

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In an interview with VentureBeat, THQ CEO Brian Farrell shared some thoughts on the future of the company.

"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. We have high-quality games. A lot of the upside came from the digital downloads coming from Saints Row the Third. So you ship a successful game, and the follow-on digital revenue is really strong."

As a result of the decision to sell off the UFC license to EA, THQ closed down a studio in San Diego with 44 people, but Farrell still feels the company has enough "space" for studios.

"The emphatic answer is yes. Before Jason Rubin joined us, I had asked him, and he agreed, to visit all the studios, make an assessment. I wanted to understand what we had. I wish he were here because it's better for him to speak for himself than me speaking for him, but I think he's quoted in a few other things... We have a tremendous amount of talent in our four studios. We could talk, if you'd like, individually about what we think of their positioning. Studios with track records, real talent, and the ability to make really good games. We also have some of the best externals working for us. Metro is an external too. Crytek is building our next version of Homefront. Pretty soon we'll be talking more about the game that Turtle Rock, the creators of Left 4 Dead are doing for us. So we have a strong internal team, and I think with a guy like Jason, who is a respected industry veteran who has made and built great franchises, I think we can continue to attract both internal and external talent."

THQ currently owns four studios - Relic Entertainment (Company of Heroes 2), Vigil Games (Darksiders II), Volition (Insane, Saints Row 4?), and THQ Montreal Studios. Their E3 line up of games consisted of Company of Heroes 2, Darksiders II, Metro: Last Light, South Park: The Stick of Truth, and WWE '13.

THQ: We're starting to pull out...
The Stick of Truth looks like it might be a much needed hit for THQ.


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