Volition producer says Guerrilla and Armageddon "lost quite a bit" of money for publisher THQ.

The latest Red Faction games were financial failures for publisher THQ. That's according to Volition senior producer Jim Boone, who told Polygon that Red Faction: Guerrilla and Red Faction: Armageddon "lost quite a bit" of money.

Deep Silver parent company Koch Media purchased Volition and the Saints Row franchise for $22.3 million during the THQ bankruptcy auction in January, but the Red Faction franchise was not part of the deal. Boone said this was hardly surprising, given the shortcomings of Guerrilla and Armageddon.

"And when we lost as much money as we did with [Red Faction: Guerrilla] and when we lost as much money as we did with [Red Faction: Armageddon] I think you know, in our hearts we certainly love Red Faction, but at the same time it's kind of hard to look at that business and think, you know gosh, how come we didn't get that too."

Following Armageddon's disappointing launch in 2011, then-THQ CEO Brian Farrell said the series would be put to rest.

"Given that the title now in two successive versions has just found a niche, we do not intend to carry forward with that franchise in any meaningful way," Farrell said at the time.

Though the Red Faction series received no bidders during the THQ auction this year, the company is still trying to offload the franchise. The publisher said in February that it has received 100 expressions of interest in its remaining unsold franchises. THQ expects the bidding and sale process for Red Faction, along with Darksiders, Homeworld, and Destroy All Humans, to be finalized by mid-May.

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