THQ posts net loss of 191,8 million

THQ, who has the franchise for WWE and UFC video games, announced a net loss of $191.8 million for the last three months of the year reports The Wrestling Observer/Figure Four Online. The company announced it would be making job cuts and reorganizing, but stated they were confident in future titles such as “Legends of WrestleMania” and “UFC Undisputed 2009” as well as other titles. Sales for the latest “WWE Smackdown vs. Raw 2009” video game were down 20% from the previous year.

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