
WWE extends THQ-Jakks game license renewal deadlineWednesday, October 28th, 2009
Originally posted on Gamespot
Sports-entertainment company offers publisher until Dec. 31 to settle dispute with toy firm over joint wrestling-game venture; analysts believe THQ will strike indpendent deal. Today, the World Wrestling Entertainment extended a deadline for THQ and Jakks Pacific to agree on renewing their joint venture’s licensing deal for the wrestling company. According to THQ, the two companies now have until the current license expires on December 31, 2009, to renew their codevelopment deal through December 31, 2014. Jakks appears to be in a tight spot. The renewal notice comes as THQ and Jakks are squared off in the legal arena over the future of their WWE joint venture, which the two entered into in 1999. In July, Jakks spoke for both itself and THQ in exercising its right to renew the contract to make WWE games for five more years. However, THQ quickly responded to Jakks’ announcement, filing … Topics: entertainment, video
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