According to Reuters, THQ's shares "plummeted 20.5 percent" (from $1.23, to $4.73) on the Nasdaq yesterday because of review scores as aggregated on Metacritic for Homefront.
"The first-person shooter game Homefront received a score of 75 -- out of a possible 100 -- on Metacritic, a website that tracks reviews of games. The market leader in war-themed games is Activision Blizzard's Call of Duty: Black Ops, which has a score of 88 on the website", says the report.
It then follows up with a damning comment from Janco Partners analyst Mike Hickey: "This score is a bit of a disaster for THQ and the share price today is reflecting that.
"The market is a quality driven market (and) you need at least a score of 80 and above on Metacritic to do well."
Julie MacMedan, vice president of investor relations and corporate communications at THQ called the title a "bold game", stating that, "Some critics love 'Homefront' and others don't, which is bringing the average down", which is, basically, bloody obvious.
Source: Reuters
"The first-person shooter game Homefront received a score of 75 -- out of a possible 100 -- on Metacritic, a website that tracks reviews of games. The market leader in war-themed games is Activision Blizzard's Call of Duty: Black Ops, which has a score of 88 on the website", says the report.
It then follows up with a damning comment from Janco Partners analyst Mike Hickey: "This score is a bit of a disaster for THQ and the share price today is reflecting that.
"The market is a quality driven market (and) you need at least a score of 80 and above on Metacritic to do well."
Julie MacMedan, vice president of investor relations and corporate communications at THQ called the title a "bold game", stating that, "Some critics love 'Homefront' and others don't, which is bringing the average down", which is, basically, bloody obvious.
Source: Reuters
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