At the moment, a lot of publishing companies are issuing statements on their first quarter financial earnings. EA is smiling; they just reported a combined sales figure of $999 million which bagged them $221 million profit.

THQ, publisher of the Red Faction series, is not as happy as EA. They’ve reported a nett loss of $38.4 million, which for them is an even larger loss than this time last year. According to THQ’s CEO Brian Farrell: “We are disappointed in our first quarter financial performance. Sales of Red Faction: Armageddon and our licensed kids’ titles were below our expectations, and the late release of UFC Personal Trainer also adversely impacted the quarter.”

The result is that THQ is abandoning the decade old Red Faction franchise as they move forward. The Mars-based shooter that was one of the first games to feature destructible buildings and environments is being laid to rest, and according to Farrell “we do not intend to carry forward with that franchise in any meaningful way”. As for Red Faction: Armageddon developers Volition, THQ has reassigned them to work on Guillermo del Toro survival horror game, inSane.

Source: Eurogamer & Gamesindustry.biz