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THQ Reaches WWE Deal with Jakks Pacific

by Pedro Hernandez - December 27, 2009, 12:00 pm PST
Total comments: 1 Source: Gamasutra

THQ will own the WWE license for the next eight years.

THQ has finally reached a deal regarding the use of the WWE franchise. They have signed a 13.2 million deal with the WWE that will give them use of the franchise for eight years. THQ president and CEO Brian Farrell stated that, "This agreement ensures that WWE games will continue to be an important cornerstone of THQ’s annual release schedule for the long term".

Both companies have expressed desires to continue their deal, but they first had to work out a solution with Jakks Pacific over royalty rates. According to the deal, THQ will pay 20 million over the course of four years, and their joint venture will expire at the end of this year.

WWE COO Donna Goldsmith concludes that "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."

Talkback

TJ SpykeDecember 27, 2009

I think the $13.2 million is just to settle the lawsuit, I haven't seen any reports that it's for the new deal.

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