|
|
| |
THQ Files Lawsuit Over WWE Video Game
Written by Ryan Gray on Jul 1, 2009 - 1:23:21 PM
JAKKS Pacific issued the following press release today:
JAKKS Pacific gives notice to extend WWE videogame license; THQ disputes notice
MALIBU, Calif., Jul 01, 2009 (BUSINESS WIRE) -- JAKKS Pacific, Inc. (NASDAQ:JAKK) announced that it has notified World Wrestling Entertainment, Inc. ("WWE") that the joint venture between THQ and JAKKS intended to exercise its option to renew the WWE videogame license, which would otherwise expire on December 31, 2009, for an additional five (5) year term ending December 31, 2014.
Separately, THQ commenced a lawsuit in California Superior Court, Los Angeles County, claiming it was not ready to make a decision with respect to renewal of the WWE videogame license, and seeking a declaratory judgment that (i) JAKKS was not authorized under the parties' joint venture agreement to unilaterally issue a renewal notice to WWE, (ii) THQ has no obligation to consent to a renewal of the WWE license, and (iii) the restrictive covenant in the joint venture agreement prohibiting THQ from publishing any videogames based on wrestling during the term of the joint venture agreement (expiring one year after termination of the WWE license) is unenforceable under California law. JAKKS and THQ have also initiated arbitration proceedings relating to these issues.
What is Digg?
Want The Inside Line To Pro Wrestling? - Join WNW Premium
QUICK LINKS: Pro
Wrestling News | WWE
News | TNA
News | ROH
News | Submit
|
|
|
|
|
 |
|
|
|
|
·
Nov 4, 2009 - 9:26:18 AM ET
TNA Impact Taping Results (11/12) *Spoilers*
·
Nov 2, 2009 - 8:00:00 PM ET
TNA Impact Taping Results (11/05) *Spoilers*
·
Nov 1, 2009 - 6:00:51 PM ET
WNW Premium Newsletter - Hulk Hogan Shocks The Wrestling Industry By Signing With TNA; Exclusive Details On What WWE Thinks, As Well As Richard’s Reaction, Ask WNW Archive & All The Big News From This Past Week
·
Oct 29, 2009 - 2:39:50 PM ET
WNW Premium Mailbag - Kofi's Future, Taping Results On The Site, Michelle Styles, Guest Hosts, Sheamus On Raw, HBK vs. HHH, Hogan & TNA Competing With WWE, Big Show Traded?
·
Oct 28, 2009 - 4:33:05 PM ET
Backstage News On The Roles Of Hulk Hogan & Eric Bischoff & Who They're Expected To Be Replacing In TNA, What One WWE Writer Told Us Is Concerning About The Upcoming Changes In TNA, Ric Flair TNA Bound? (We Have The Scoop Here)
|
|
 |
|