THQ Sees WWE Lawsuit Dismissed, Plans New Shanghai Office

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THQIt's a big day for business news at THQ. Not only has THQ announced its further expansion into Asia with the planned opening of a Shanghai office, a lawsuit that clouded THQ's license to make WWE games has been dismissed.
THQ has had a long-standing series of lawsuits with World Wrestling Entertainment and JAKKS Pacific (who worked with licensing THQ's WWE games. This is problematic, in that WWE games have always been some of THQ's strongest sellers. THQ has become increasingly diverse, so while the WWE games aren't as critical to THQ's portfolio, they are still a very profitable franchise. So THQ was understandably upset when the WWE sued THQ and JAKKS Pacific to void the WWE license (presumably to renegotiate or sell the license to another publisher) based on allegations that the licensing agreement was the result of bribes of WWE licensing agents. That lawsuit has been dismissed, and THQ is, presumably, relieved.

Also, THQ announced that it will open an office in Shanghai, China to expand on its relationships with Chinese developers and publishers. Tim Page will serve as Market Development Director for Asia and the Pacific region while Kevin Chu will lead THQ's External Development Group (outsourcing) from Shanghai. THQ plans to launch a game called Company of Heroes Online, that will be supported by microtransactions, exclusively in Asia with partner Shanda Interactive Entertainment.

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This page contains a single entry by Editor published on September 2, 2008 4:51 AM.

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