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GAMING NEWS

Pachter Claims THQ Is Struggling To Break Even On Darksiders II

Posted on Tuesday, October 30 @ 12:11:01 Eastern by Keri_Honea


Thus far, Darksiders II has sold about 1 million copies, but according to analyst Michael Pachter, the game must sell 2 million copies for THQ to break even and the title's sales are struggling to do so.

THQ has had a rough year, to say the least. They've had massive layoffs, restructured their stock to stay on NASDAQ, canceled games, and brought in a new president in the effort to turn this studio around. Pachter says it isn't enough.

"Darksiders II's performance and a history of game delays and cancelations leaves us skeptical that THQ can successfully execute its turnaround strategy, which centers on a streamlined release state," said Pachter.

He further predicts that THQ will report between $75-85 million in revenues for its second quarter earnings report on November 5th, which is higher than other analysts have estimated. He also warned investors to be cautious for the remainder of the fiscal year, since THQ's "management has a history of missteps."

THQ has undoubtedly been counting on the successes of Darksiders II and today's release of WWE 13 as part of its turnaround, and while time will tell for WWE 13, it looks like Darksiders II will not be their answer. South Park: Stick of Truth will most likely do very well, but will that be too late to help THQ out?

[Source]
Related Games:   Darksiders II
Tags:   THQ, Darksiders II


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Comments
  • Alex_Osborn
    Alex_Osborn

    Joined: Jan 2012
    Posted: Oct 30th, 2012 at 12:16 pm
    Sounds like Darksiders 3 is gonna be a long shot at this point.
  • ShadeTail
    ShadeTail

    Joined: Nov 2006
    Posted: Oct 30th, 2012 at 12:24 pm
    Well, Pachter said it. That means we can expect the opposite.
  • oblivion437
    oblivion437

    Joined: Nov 2006
    Posted: Nov 1st, 2012 at 12:48 pm
    Do you know if anyone's crunched numbers to get an actual measure of his predictive power? I'd seriously be surprised to find it's above .5; I can't remember the last thing he said that was even half right.
  • Nick_Tan
    Nick_Tan

    Joined: Jul 2006
    Posted: Oct 30th, 2012 at 1:00 pm
    Well, the holiday season isn't over yet, and I've never been sure the time frame a developer needs to reach that 2 million mark (within two months? six? a year?). To give Rubin some credit, Darksiders II was already in development when he came in so nixing it would have been a bad choice.
  • used44
    used44

    Joined: Mar 2002
    Posted: Oct 30th, 2012 at 1:06 pm
    Good riddance.
  • NecroWolf
    NecroWolf

    Joined: Oct 2005
    Posted: Oct 31st, 2012 at 5:32 am
    This makes me sad, Darksiders 2 was awesome, and so far, my favorite game of the year. I think so far I've logged around 80 hours in it. I didn't even put that much into Skyrim.
  • ShadeTail
    ShadeTail

    Joined: Nov 2006
    Posted: Oct 31st, 2012 at 7:57 am
    I haven't gotten around to Darksiders 2 yet, but I'll definitely be buying it soon. I'm going through Darksiders 1 right now, and it's a fantastic game. That the future of the series looks so bleak really is unfortunate.

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