This is BX @ Boxden.com


Take-Two takes THQ's WWE wrestling licence


 Take-Two takes THQ's WWE wrestling licence
topic by mystic boy - 02-15-2013, 07:29 PM - Boxden > BX GameSpot


Rockstar's parent company Take-Two has wrestled the WWE licence from now bankrupt publisher THQ.

The games will continue to be made by Japanese developer Yuke's, which has done so since 2000. A number of THQ employees who worked on the franchise will also be re-employed by Take-Two.

WWE and Yuke's were claiming millions of dollars in losses from THQ because of THQ's predicament. Bloomberg reported that the claims, combined, "would exceed $30 million and might exceed $60 million".

Take-Two muscling in will reduce those claims. Take-Two's lawyers said in court that "by working together to transition development of WWE games going forward the parties have minimised the harm to WWE and Yuke's, which have, in turn, agreed to substantial reductions of their claims".

WWE was owed $45 million in pre-bankruptcy claims. It was also owed the annual $7.5 million royalty fee for developing the series, an agreement THQ had signed for until 2017.

Yuke's was owed $15-20 million. THQ has agreed to pay $4.75 million, including the return of shares in the company.

Rights to the majority of THQ's series were auctioned off last month. Sega bought Company of Heroes developer Relic Entertainment, Ubisoft bought South Park: The Stick of Truth and studio THQ Montreal, Koch Media bought Saints Row and its developer Volition, while Crytek bought Homefront.

The latest game in the WWE series is WWE '13, released last November. This year's instalment has yet to be announced but is a fairly safe bet.
Take-Two takes THQ's WWE wrestling licence • News • Eurogamer.net

Whoever posted the video of "what if Rockstar got the WWE licence" more or less called it. Can't wait to see how this pans out.


Latest Games Hot Topics »   share this topic »   Share this on Twitter Share this on Facebook

4 comments for "Take-Two takes THQ's WWE wrestling licence"


 02-15-2013, 08:06 PMaway - #2
LaRy BLanco 417 heat pts417

  d 
space
$33,475 | POWERFUL
Originally Posted by Troubleman1990

They saying #### you EA you ain't getting it,
wait till the NFL license is free again, they really gon burry those #### a$ses
#### EA SPORTS
 02-15-2013, 08:39 PMonline - #3
Krazie 89 heat pts89

  d 
space
$24,774 | POWERFUL
Wasn't this announced like 2 weeks ago?
 02-15-2013, 09:39 PMaway - #4
NiMaD 1 heat pts

  d 
space
$1,275 | 3966476
Originally Posted by Krazie
Wasn't this announced like 2 weeks ago?
Europe link . Everything happens in Europe mad late
 
 


Go Back   Boxden.Com - Stay First. Follow BX. > BX Table Of Contents > BX GameSpot
    
         

 



Latest hot topics on fire the past 48 hrs
Image inside  PS4 “GayStation Edition” Up for Auction To Celebrate ..
65 comments
NBA Who you with? 1, 2, 3, or 4
116 comments
NBA Wad3 county
65 comments
 NBA Throwback: The Greatest Nba Gif Of All Time (pic)
New reply 45 seconds ago - 119 comments - by King Henry
 Image(s) inside Lil Durk Goin At Soulja Boy 4 Them Fufu Stack$$
New reply 8 minutes ago - 74 comments - by Muunsta
 audio inside Chicago Rapper Stain Gang Vonno - I Might Die Shot An...
New reply 1 minute ago - 65 comments - by GLOCKN SKIMASK
 Image(s) inside Beautiful Mixed Mami Miss Kara Kara
New reply 10 minutes ago - 80 comments - by daddy31+2
  Jul 27 - Your ‘pure’ Bottled Water Contains Added Chem...
New reply 2 minutes ago - 86 comments - by RAZAH CUTS
 NFL Stephen A. Smith Apologizes On Espn First Take For Com...
New reply 12 minutes ago - 76 comments - by PyrexVisionary
  Jul 26 - I’ve Worked At Mcdonald’s For 10 Years And St...
New reply 5 minutes ago - 357 comments - by RAZAH CUTS
 NFL Luck Is A Top 5 Qb But His Numbers Are Comparable To C...
New reply 19 minutes ago - 78 comments - by ghettofied

Like BX on Facebook Follow BX on Twitter
5,757 fans of BX | none new today 4,750 following | none new today

hot topic blog   »    hip-hop   |   sports   |   movies   |   games   |   news   |   wild'ish   |   gear   |   rides   |   tech

contact us   |   mobile   |   privacy statement

© Boxden.com. 1998 - end of time.