One of THQ's biggest franchises right now, Saints Row The Third, was supposed to get an expansion later this year, but the company announced today that it has decided to turn that huge content pack into a full blown sequel. Depending on your perspective this could be considered good news, but for investors it means less revenue in 2012. To that end THQ lowered its financial target for the year by $20 million.
The standalone expansion, Enter the Dominatrix, will now be "incorporated into production of the next great sequel in the Saints Row franchise, tentatively titled 'The Next Great Sequel in the Saints Row Franchise,'" THQ said in a press release announcing the news this morning.
"When I looked at the Enter The Dominatrix expansion in production at Volition, I was blown away by the ideas and desire to expand the fiction of the franchise," said THQ President Jason Rubin. "I asked the team what it could achieve given more time, more resources, and a broader scope for the project. We all agreed we wanted to play that game. When it comes to Saints Row, it’s clear our fans want bigger, better, and even more over the top, and that’s why Enter The Dominatrix will now be incorporated into a vastly expanded, full-fledged sequel, scheduled for calendar 2013."
THQ said that the change in production will shift net sales from THQ’s 2013 fiscal year into fiscal 2014. As a result, THQ expects to have an approximate $20 million reduction to non-GAAP net sales and an approximate ($0.03) impact to non-GAAP net loss per share for fiscal 2013 when compared with previously-announced guidance.
On a related note, yesterday it was revealed that the company plans to shut down publishing operations in Spain and Italy. The Italian publishing operation went into liquidation last year and the Spanish operation has been closed according to numerous reports. Koch Media will now handle publishing games in those regions.