THQ looks set to axe the Red Faction franchise following disappointing commercial performances by the last two entries in the series, 2009’s Guerrilla and this year’s Armageddon. "Given that that title now in two successive versions has [only] found a niche, we do not intend to carry forward with that franchise in any meaningful way," THQ CEO Brian Farrell told investors in a conference call listened in on by Gamasutra. "In today's hit-driven, core gaming business, even highly-polished titles with a reasonable following like Red Faction face a bar that continues to move higher and higher. Moving forward, our core game titles must meet a very high quality standard with strong creative and product differentiation, appeal to a broad audience, and be marketed aggressively." Farrell said THQ is to revise its internal review process in a bid to hit a higher quality bar going forward. Red Faction developer Volition is currently working on Saints Row: The Third and Guillermo del Toro collaboration Insane.