| WELCOME - GUESTS Register for your FREE Account by clicking here  Welcome to Wikagesic.com! A website dedicated to offering current wrestling news and discussion! We have built a community of die hard wrestling fans, artists, and gamers. We stay on top of whats happening in the wrestling world, and always bring you up to date news and discussions. Register today, and join in on the action! Registration is simple, fast, and completely free. Join our community! Already a member? log in below |
| Settlement Gives THQ the WWE License Until 2018 | |
|---|---|
| Topic Started: Dec 23 2009, 09:46 PM (152 Views) | |
| Post #1 Dec 23 2009, 09:46 PM | The Comedian |
|
THQ wrapped up two big loose ends at the end of this year, reaching a settlement with Jakks Pacific over who owed what for the rights to World Wrestling Entertainment and, separately, extending its deal with the promoter to 2018. In the first case, a three-party settlement among all involved will see THQ paying WWE $13.2 million, and Jakks another $20 million in four installments over the next four years. THQ and Jakks had been partners in the WWE venture, and this settlement effectively buys out Jakks, as the two sides have announced that their partnership ends Dec. 31. THQ and Jakks had been in litigation since July, after Jakks had notified WWE it would renew the two sides' license, but THQ then sued, saying Jakks wasn't authorized to make such a decision. The payments to both WWE and Jakks resolve those entanglements. Secondly the license renewal between THQ and WWE begins on Jan 1. and lasts eight years, which is three years beyond the original renewal term. Terms of that were not disclosed. Got all that? What's it mean? One, THQ will continue to make WWE games, such as its Smackdown vs. Raw series. And, two, it puts that license out of reach for the next eight years. The lack of resolution on this issue had led some to speculate that EA Sports, which has teased a new game announcement come January, might be moving in on 'rasslin. We now know that not to be the case, so EA Sports' new game will have to be something else. Source Kotaku |
 
|
 “I’ve learned that periods of darkness can overcome us at any time. But I’ve also found that I’m able to endure. Overcome. And in the process grown stronger. Smarter. Better.” | |
| Quote TOP | Off Profile |
| Post #2 Dec 23 2009, 11:22 PM | James |
| EA could still make a wrestling game, just not WWE. |
Дмитрий
|
 | |
| Quote TOP | Off Profile |
| Post #3 Dec 24 2009, 05:34 AM | The Comedian |
| Only thing i can think of is EA could use AAA in Mexico or ROH, i suppose they could create there own game based not on a license though im not sure how successful a wrestling game would be without a license. |
|
|
“I’ve learned that periods of darkness can overcome us at any time. But I’ve also found that I’m able to endure. Overcome. And in the process grown stronger. Smarter. Better.” | |
| Quote TOP | Off Profile |
| Post #4 Dec 24 2009, 12:45 PM | James |
| I could see ROH, they are getting much bigger. |
Дмитрий
|
|
| |
| Quote TOP | Off Profile |
| Post #5 Dec 24 2009, 12:51 PM | The Comedian |
|
Only thing about that is it doesnt have mass market appeal SVR is no1 by miles so its hard to say. Suppose they could do that but it doesnt seem like it would make much money. Maybe a stand alone wrestling game based on creation, creating a fed and superstars etc that could work. |
|
|
“I’ve learned that periods of darkness can overcome us at any time. But I’ve also found that I’m able to endure. Overcome. And in the process grown stronger. Smarter. Better.” | |
| Quote TOP | Off Profile |
| Post #6 Dec 24 2009, 05:07 PM | James |
| Yeah, it would be cool to start your own wrestling promotion from the ground up, and it could have older wrestlers that are not under any contract. |
Дмитрий
|
|
| |
| Quote TOP | Off Profile |
| Post #7 Dec 24 2009, 05:50 PM | The Comedian |
|
Yeah could go down the legends of wrestling route could see that working though now most of the big names are taken. Whats left you cant really say its marketable like a hulk hogan or a rock. Im really interested to see what this is. |
|
|
“I’ve learned that periods of darkness can overcome us at any time. But I’ve also found that I’m able to endure. Overcome. And in the process grown stronger. Smarter. Better.” | |
| Quote TOP | Off Profile |
| 1 user reading this topic (1 Guest and 0 Anonymous) | |
| « Previous Topic · Entertainment & Tech · Next Topic » |