Gamasutra is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
December 1, 2021
arrowPress Releases
If you enjoy reading this site, you might also want to check out these UBM Tech sites:


THQ Gets Eight More Years With WWE, Settles With Jakks

THQ Gets Eight More Years With WWE, Settles With Jakks

December 23, 2009 | By Leigh Alexander

December 23, 2009 | By Leigh Alexander
Comments
    Post A Comment
More: Console/PC



THQ has put some long-awaited certainty in its license portfolio as it finally signs a new eight-year, $13.2 million deal deal with wrestling brand WWE.

"This agreement ensures that WWE games will continue to be an important cornerstone of THQ’s annual release schedule for the long term," says THQ president and CEO Brian Farrell in a statement.

It was known that both companies wanted to extend their deal, but THQ had first to resolve its outstanding issues with Jakks Pacific, with whom it had a joint licensing relationship for WWE.

Alongside the licensing extension, THQ and Jakks have finally settled their outstanding litigation over royalty rates; THQ will pay Jakks $20 million over four years, and the two companies' joint venture will end at the end of 2009.

This year, the licensing partnership between THQ and WWE yielded Smackdown vs. Raw 2009, which saw strong sales despite mixed reviews. The game's performance helped THQ weather a considerable year over year sales decrease, and licensed fighting-sport games continue to be a strong part of the company's portfolio.

WWE COO Donna Goldsmith says, "As one of the most successful video game brands, WWE is excited to work directly with THQ to translate WWE’s colorful characters and ever-changing content into exciting and fresh video games for our fans."


Related Jobs

Remedy Entertainment
Remedy Entertainment — Espoo, Finland
[12.01.21]

Development Manager (Vanguard)
Gameloft Australia Pty Ltd
Gameloft Australia Pty Ltd — Brisbane , Queensland, Australia
[12.01.21]

Gameplay Programmer
Gameloft Australia Pty Ltd
Gameloft Australia Pty Ltd — Brisbane , Queensland, Australia
[11.30.21]

Senior Producer
Deep Silver Volition
Deep Silver Volition — Champaign, IL or Remote, Illinois, United States
[11.30.21]

Multiplayer Programmer









Loading Comments

loader image