THQ files for Chapter 11 Bankruptcy

[goh]

I don't care who publishes it,just take it away from Yuke's.

[UMhester04]

Quote: Originally Posted by DJ

According to the Wreslting Observer, THQ owes the WWE $45 million. Yikes. I would have to think Vince will be shopping the WWE license around to other gaming companies.

WOW thats not good...do we think Vince would even want there to be another WWE game after seeing a statistic like that? Would he think they are doing more harm than good?

[King_B_Mack]

Quote: Originally Posted by UMhester04

WOW thats not good...do we think Vince would even want there to be another WWE game after seeing a statistic like that? Would he think they are doing more harm than good?

Vince will make money either way so of course he wants there to be another game. They're going to get paid regardless by a company paying the licensing fee.

[Nature_Boy]

WWE RESPONDS TO THQ FILING.

STAMFORD, Conn., December 20, 2012 – WWE (NYSE:WWE) is listed in THQ, Inc.’s recent bankruptcy filing as an unsecured creditor holding a claim of approximately $45 million reflecting the entirety of the existing multi-year agreement. Any impairment of a current THQ account receivable would be immaterial to WWE's financial statements. Even if the impact of THQ’s bankruptcy were detrimental to WWE, the Company does not believe that the ultimate economic impact for financial statement purposes would materially and adversely affect the results of operations or financial position of WWE in light of the strength of the WWE brand and the historical performance of WWE's video game business.

http://corporate.wwe.com/news/2012/2012_12_20-****p