THQ Inc. (NASDAQ: THQI) today announced that it has been notified by
World Wrestling Entertainment, Inc. (“WWE”) that the WWE has extended
the renewal notice deadline for the videogame license held by the joint
venture between THQ and JAKKS Pacific, Inc. to December 31, 2009. The
renewal would extend the license through December 31, 2014.
THQ noted that WWE's action provides the company with increased
flexibility with respect to the renewal of the videogame license.
About THQ
THQ Inc. (NASDAQ: THQI) is a leading worldwide developer and publisher
of interactive entertainment software. The company develops its products
for all popular game systems, personal computers and wireless devices.
Headquartered in Los Angeles County, California, THQ sells product
through its global network of offices located throughout North America,
Europe and Asia Pacific. More information about THQ and its products may
be found at www.thq.com
and www.thqwireless.com.
THQ and its respective logo are trademarks and/or registered trademarks
of THQ Inc.
This press release contains statements that are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements are based on
current expectations, estimates and projections about the business of
THQ Inc. and its subsidiaries (collectively referred to as “THQ”) and
are based upon management’s beliefs and certain assumptions made by
management. Such forward-looking statements are subject to risks
and uncertainties that could cause actual results to differ materially
from those expressed or implied by such forward-looking statements,
including, but not limited to, economic, competitive and technological
factors affecting the operations, markets, products, services and
pricing of THQ. Unless otherwise required by law, THQ disclaims
any obligation to update its view on any such risks or uncertainties or
to revise or publicly release the results of any revision to these
forward-looking statements. Readers should carefully review the
risk factors and the information that could materially affect THQ’s
financial results, described in other documents that THQ files from time
to time with the Securities and Exchange Commission, including its
Quarterly Reports on Form 10-Q and its Annual Report on Form 10-K for
the fiscal period ended March 31, 2009, and particularly the discussion
of risk factors that may affect results of operations set forth therein.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release.
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