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THQ Raises Q4 Outlook

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Agoura Hills-based THQ , the embattled videogame maker, is finally seeing some good news, reporting today that it is expecting to report non-GAAP net sales of $160 million to $170 million, above its previous outlook of $130 million to $150 million.

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Rumors Swirl Around THQ

socalTECH

Rumors have been swirling around Agoura Hills-based THQ since this weekend, when a gaming industry analyst, Peter Skerritt, reported that the videogame maker was either looking for a buyer or shutting down its videogame development efforts, cancelling its 2014 lineup. as part of an "ongoing review" of its business. READ MORE>>.

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THQ Reorgs Studios, Cuts Staff

socalTECH

Agoura Hills-based video game maker THQ said Wednesday afternoon that it is laying off around 60 employees, as part of a reorganization of its Juice Games and Rainbow Studios development studios. Tags: reorg employment jobs layoff videogame content games. The firm said the new studios will focus on digitally distributed games.

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THQ Completes Cost Cutting

socalTECH

Agoura Hills-based video game maker THQ announced this morning that it has "substantially completed" its latest business realignment, which will save the firm $220M in annual costs. Tags: video game studio content employment jobs layoff. THQ announced in February that it was cutting 600 people, or 24 percent of the workforce.

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THQ Chops 30

socalTECH

Agoura Hills-based THQ , the developer of videogames, has cut 30 of its staff, due to poor performance of its uDraw tablet for the Wii, Xbox 360, and PS3. The cuts were due to "weaker than expected" sales of the gaming accessory. READ MORE>>.

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THQ Gains On UFC Title

socalTECH

Agoura Hills-based THQ has swung back into the black, saying Tuesday evening that it had net income of $6.4M The quarter, which ended June 30th, reversed a string of big losses and declines for the company over the last year, which resulted in major layoffs and studio closures at the firm in November and February. READ MORE>>.

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THQ Reorganizes Business Units

socalTECH

Agoura Hills-based THQ reported Wednesday that the firm is reorganizing the firm's management team and business units. The reorg at THQ follows a series of layoffs and cuts of a number of studios at the firm in the last few months. READ MORE>>.

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