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THQ has defeated Jakks Pacific for the Intercontinental Championship in an arbitration case regarding royalties for the former's WWE video games. As TheFeed's Jake Gaskill reported at the beginning of the month, the two companies have been unhappy with its joint-venture arrangement, squabbling like a tag team that's about to break up. According to Reuters:
"Jakks Pacific Inc said an arbitrator determined that the toymaker is entitled to only a 6 percent preferred return payment rate from World Wrestling Entertainment Inc video games sold by its joint venture, rather than the 10 percent rate sought by Jakks.
The binding arbitration will result in Jakks' JV partner THQ Inc having to pay it only about $34 million on account of the preferred return for the period from July 1, 2006 through March 31, 2009, Jakks said."
While the reduced royalty payout to Jakks is good news for THQ, the better news for gamers is that WWE games, like SmackDown vs. RAW, will continue to be served up on a consistent basis. It will be interesting to see how the partnership plays out; it made sense at the time, but THQ seems to have outgrown Jakks.
WWE question of the day: what do you think The Rock was cooking?
Comments are Closed
Comments
Displaying 1–16 of 16
oddballECW
the only good wrestling in America is the indies scenes, and The last good Smackdown game except 09 is Smackdown vs Raw 06
deline
and for to type THQ for the win,i like the WWE games, like SmackDown vs. RAW, will continue to be served up. i played 06 and have 07 &08 but for ps2.
WWE game are good.
eclipsedjedi
cooking up a nice big batch of SELL OUT.
swede7754
@ mark8240
cuz EVERYBODY LOVES PANCAKES!
@ blasphemous
Probably not, too busy in Hollywood.
N8R
Meth.
blasphemous
I havnt watched wrestling since the days of stonecold and the rock, so someone tell me is the rock coming back to wrestling? I would probaly start watching it agian if he is.
UltimateWar
the Crock sux, if you smell what the War is cookin!!!
thechamp1985
As X-Pac said as Mizzark Henry...."Smells like *blank*. But I think I'll eat some anyway...hehehe" Cena vs Rock WM26 main event. BOOK IT!
redsoxfan67
raviolis
RRODisBack
Poontang Pie to be exact!!!!
BankaiRandy
PIE!!!!!!!!
RRODisBack
Strudel!!!!!
Nightshade386
Pie of course. Why else would he have kept mentioning it every episdoe of Raw?
::gasp:: What do you mean that was double entandre?
Tman88
bacon
gambit1023
another terrible movie script!!!!!!!!!!!!!!!!
mark8240
pancakes
Displaying 1–16 of 16