*THQ* has settled a long-standing legal spat with World Wrestling Entertainment (WWE) and toy-maker Jakks Pacific, over the licensing of WWE-branded video games. THQ (NSDQ: THQI) is paying out just over $33 million as a result of the three-way settlement: $13.2 million up front to WWE, and $20 million to…

THQ has secured new licensing deals with DreamWorks Animation, giving the company the rights to develop and publish new games based on the studio’s films and TV series. Financial terms of the multi-year deal weren’t disclosed, but THQ (NSDQ: THQI) does get to create games for all three consoles, wireless…

Game publisher *THQ* swung to a $5.6 million loss this quarter (its fiscal Q2)—after posting a profit three months ago—but it’s still a far cry from this time last year, when the company was just starting to lay off staff and close studios to grapple with triple-digit losses. THQ (NSDQ:…

Finally—a bright side for THQ (NSDQ: THQI). After posting massive losses for the past four quarters, the game publisher is finally back in the black: net income came in at $6.4 million and an EPS of $0.09 for its fiscal Q1. (Analysts were expecting a loss of $0.08 per share).…

Sluggish sales forced *THQ* into crisis mode late last year: the game publisher shut down or spun off seven of its studios and laid off about 600 people. The goal was to slash about $220 million in costs for its fiscal year 2010; with that achieved, THQ (NSDQ: THQI) is…

Role-playing game studio Big Huge Games just got a big huge save from the chopping block: it’s getting acquired by 38 Studios, the interactive entertainment firm founded by baseball great Curt Schilling. 38 Studios is buying all of Big Huge’s assets—its signature games, graphics technology, and works-in-progress—from parent company THQ;…

—Yahoo: The brain drain continues. Satish Menon, VP of Yahoo’s Consumer Platforms Group is leaving; he tells NewTeeVee that he will focus on applying his broadband video expertise to the online education industry. (Menon co-founded IPTV and VOD firm Kasenna prior to joining *Yahoo* in 2006). The Consumer Platforms Group…

Despite closing studios and laying off over 600 staff, *THQ* still couldn’t quite dig itself out of the financial hole for Q1 (its fiscal Q408). The game publisher posted a $96.9 million loss—an improvement from the previous quarter, but worse than the $34.5 million loss for the same quarter last…

—PS2 price cut aimed at the Wii: *Sony* dropped the price of the PS2 to $99, much to the dismay of consumers hoping that a price cut was coming for the PS3, but SCEA director of hardware marketing John Koller told Kotaku that the company wasn’t aiming at them. It…

Ballooning losses and sluggish game sales forced *THQ* to shed four studios late last year, and now there are three more on the block. First up is Big Huge Games, the role-playing game-focused studio it acquired about a year ago. Julie MacMedan, the company’s VP of investor relations and corporate…

*THQ* had a rough second half of 2008: ballooning losses and sluggish sales of a few of its games led the Saint’s Row and WWE publisher to shut down at least five of its studios and ultimately lay off 600 staff, or about a quarter of its workforce. But President…

Analysts are split on whether THQ (NSDQ: THQI) is poised to rebound, or still in decline—but the game publisher posted a $191.8 million net loss for Q4. That’s down $2.86 per share, in contrast to the previous year’s profit of $15.5 million and EPS of $0.23. Non-GAAP numbers were no…

THQ (NSDQ: THQI), developer and publisher of franchises like Saints Row, Age of Empires and Warhammer, released a dismal Q3 earnings report, said it had let go of 250 staff, and lowered guidance. It also confirmed that it is closing five studios and announced that CFO Colin Slade has taken…

Game publisher THQ is reportedly shuttering at least four studios and laying off quite a few staff just days before it’s supposed to post Q3 earnings. Dallas-based Paradigm Entertainment, LA-based Mass Media, Santa Clara, CA-based Locomotive Games and Seattle-based Sandblast Games will all be shut down completely, Gamasutra says; while…

THQ (NSDQ: THQI) has released its second quarter earnings, showing a year-on-year increase in revenue of 31.7 percent to $137.6 million, but also an increase in the net loss for the same period of 192 percent to $27.2 million. Sales in Q2 were driven by games based on Pixar movie…

THQ (NSDQ: THQI) is pinning its hopes for a turnaround from a lackluster performance on a just-announced slate of 2008-2009 games. THQ CEO Brian Farrell told paidContent.org in an interview that the turnaround will depend on the games released this year, and that he was heartened by the good reception…

THQ (NSDQ: THQI), the gaming company, has bought out online and casual games firm Elephant Entertainment, for an undisclosed amount. EE is based in Minneapolis, MN, and has games such as “Cake Mania”, “Flour Power” and others. The company plans to launch more than 20 new games this year under…