Cancelled Saints Row expansion lowers THQ's expected revenue by $20M

As financial troubles continue to build for THQ, the publisher has confirmed that Saints Row: The Third - Enter the Dominatrix, a standalone expansion game originally due for release sometime this year, will now not be released. Instead, THQ president says that the game content will be incorporated into the next Saints Row game, due for release during 2013. He explained that the potential behind the standalone expansion meant it made more sense to incorporate it into the next full sequel in the franchise. As a result, THQ estimates a shift in revenue for the current fiscal year to fiscal 2014, with an approximate decrease of $20 million for this fiscal year, and $0.03 extra loss per share compared to the previous guidance. This is the latest blow to THQ's revenues, with the company having already been forced to lay off entire studios as a result of its poor financials. However, the company is looking to turn its fortunes around, hiring Naughty Dog co-founder Jason Rubin as its new president and planning a reverse split of its common stock.