Nintendo is coming off of a pretty rough fiscal year, posting an anticipated loss of ¥65 billion ($839M) despite strong sales for Super Mario 3D Land and Mario Kart 7. They're optimistic for the future, naturally, with the 3DS performing well since the price drop and the Wii U right around the corner, but that enthusiasm hasn't been enough to repair the company's trading value.

It's a serious situation with meaningful implications both for stockholders and the industry as a whole, so who better to provide a comprehensive breakdown of the situation than the incomprehensibly bizarre and often disturbing creative powerhouse that is NMA TV. If you've seen any of their other videos, you've got a good idea of what to expect in the media briefing above. If not, you'd better sit down.

When they weren't shouting it all out or expressing how everybody wants to rule the world, English pop rock band Tears for Fears were wasting our time with "Head Over Heels," available next week as Rock Band DLC. There will also be a pair of tracks from Canadian band Sum 41.

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Nintendo elaborated on the "strong sales" for The Legend of Zelda: Skyward Sword and Super Mario 3D Land today, in its list of million-selling titles for the last nine months. The Wii adventure sold 3.42 million units worldwide, of which 3.04 million took place outside of Japan.

That makes it the best selling Wii game for the period, right? Nope! That's Mario Kart Wii, which sold 4.91 million copies between April and December, for a life-to-date total of 31.91 million copies. New releases Kirby's Return to Dreamland and Wii Play Motion squeaked into the million-seller club with 1.21 million and 1.12 million respectively.

On 3DS, Super Mario 3D Land sold 5.03 million in total -- 3.68 million "overseas" and 1.36 million in Japan. Mario Kart 7 sold almost as many, at 4.54 million. Even the good old DS managed to have some million-selling new releases: Professor Layton and the Last Specter (1.19 million, all outside of Japan) and Kirby Mass Attack (1.01 million).

The futuristic apparitions of Ghost Recon: Future Soldier can indeed be photographed. Ubi shared a fresh batch of assets this morning, and we'll have a full preview of the game for you later this week.

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THQ went through another wave of layoffs today, which affected its administrative and publishing departments. The company would not share details about how many people lost their jobs, but stressed that this did not affect its five internal studios: THQ San Diego, Relic, Volition, Vigil and THQ Montreal.

"As recently announced, the company is exiting the kids' licensed games category, and is focusing on its core game franchises and developing its digital initiatives," THQ stated on the issue. "The company will provide greater financial detail regarding the costs and organizational benefit on its third quarter 2012 conference call scheduled for Thursday, February 2, 2012."

THQ announced a new strategic realignment earlier this week, shutting down its children's properties and focusing on "core games," like those provided by the unaffected studios.

As promised, another 3DS demo is available on the eShop, this time for Mario & Sonic at the London 2012 Olympic Games. It may not have zombies, but then, it may have Waluigi. Renegade Kid's Mutant Mudds, its first self-published project, is also up on the eShop this week, offering challenging platforming and shooting and some dramatic 3D effects.

DSiWare features a sequel to the indie game Flipper; though if you played it, you still won't recognize Flipper 2: Flush the Goldfish. The original was an isometric puzzle game about reshaping environments ... and the sequel is a side-scrolling action game that uses one contextual button!

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Nintendo has once again revised its expected loss for the fiscal year ending in March, widening its forecasted financial misfortune from ¥20 billion ($258M) to ¥65 billion ($839M). The increased loss comes a quarter after Nintendo switched its forecast from a ¥20 billion profit to loss.

For the first nine months of the fiscal year ending December 31, Nintendo had sales of ¥556 billion ($7.2B), a 31 percent decrease from the same period last year. Overall, it posted a loss of ¥48.4 billion ($620M).

"Nintendo 3DS hardware during the nine months ended December 31, 2011, were 11.43 million units, and the total worldwide sales since its launch exceeded 15 million units," the company stated. Both Super Mario 3D Land and Mario Kart 7 have gone on to become million-selling titles.

The company also mentioned that The Legend of Zelda: Skyward Sword for Wii recorded "strong sales, especially in the United States." Worldwide Wii sales over the nine-month period hit 8.96 million units, with software selling 89 million units.

Nintendo's financial woes, coupled with mobile gaming's increased portion of the handheld market, are not sitting well with investors. The House of Mario continues to see its stock sitting at a five-year low.

Netflix CEO Reed Hastings, who you may remember from his Match.com profile video explanation video of Netflix's aborted split into two companies, said Netflix has no plans to offer video games right now, speaking in a Q4 investor meeting today. Hastings didn't offer more details on far-future plans, but he did confirm Netflix is investigating 3D streaming options to supplement its Blu-ray 3D disc service.

For now, it looks like gamers all will be getting is digital and physical disservice.

GameStop continues its closure of brick-and-mortar stores and conversion to a digital business in certain European markets, with recent moves in Portugal and Northern Ireland.

"GameStop plans to close our 13 stores in Portugal due to macro economic conditions," a company spokesperson told Joystiq. "Customers in Portugal can visit www.gamestop.es -- our E-commerce site in Spain -- for their gaming needs.

"And as announced last summer, GameStop is closing our four remaining UK stores -- thus finalizing our plans to exit the UK market. Our focus is to run an e-commerce only operation in the UK. Customers can redeem outstanding trade credits and gift cards on line at www.gamestop.com/uk."

Don't take this to mean the company is closing up storefronts on the continent. GameStop added 25 stores to "better performing" markets, such as Italy and France, during the last quarter.

An anonymous letter sent to media and THQ's board of directors, allegedly written by a former employee of THQ, rains fire on the company's management and, specifically, CEO Brian Farrell. The letter arrives the same day as THQ announces another strategic realignment, a little over a week after the company had to spin a major cancellation rumor and over a month after THQ's stock dropped below $1.

"It is to the point where having [THQ] on your resume is not a point in your favor. And that shouldn't be the case," the "Formerly Mismanaged" writes. "I'm/We're sending this note anonymously because some of us are still awaiting final checks and others know how little corporations like employees who air their dirty laundry. We feel the need to say something to combat the partial misinformation being written."

The Formerly Mismanaged lays out its belief that the beginning of the end came when the cash rich company went on an acquisition spree years ago, allegedly "with no plan" -- many of those studios have since been shuttered or sold off. Then came what the accuser(s) call bad licensing deals and the most recent business miscalculation with the uDraw tablet, which caused the company to lower its fiscal outlook for the year.

The scope of THQ's problems is expected to come into slightly better focus when it announces its current financial position on February 2. Wedbush Morgan Financial Analyst Michael Pachter has pointed out he believes THQ will generate a "substantial loss" at the end of its fiscal year and that "THQ is at risk of running out of cash by the June 2012 quarter."

You can read the entire letter by "The Formerly Mismanaged" after the break.

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