However, THQ said it would be paying WWE $13.2 million under the settlement, while Jakks will receive $20 million from the publisher, split up over the next four years.

THQ has had a long relationship with WWE in making their video games. The last game made by another company was WWF Attitude, released on multiple platforms from March to November 1999.

THQ has notified World Wrestling Entertainment that they have filed suit against Jakks Pacific over the decision by Jakks Pacific to exercise a clause in the licensing agreement with the WWE to ...

THQ-Jakks Pacific has held the WWE game license since June of 1998, according to the suit, and the agreement currently extends throughout 2009.

At the time of the bankruptcy, THQ owed the WWE about $7.6 million for royalties and marketing and it owed Yuke’s $15 to $20 million in development fees. THQ also faced additional debts from ...

Yuke’s is THQ’s Japan-based studio. The UFC games have been received more warmly by critics than the recent WWE wrestling games, which may explain why THQ decided to keep that developer intact.

He joined the WWE in 1997 from Hanna-Barbera, Inc., where he was director, business and legal affairs. Prior to Hanna-Barbera, Inc., Kaufman was with National Broadcasting Company (NBC).

Jakks' and THQ's license with WWE is set to expire on Dec. 31, but Jakks said it plans to exercise its option to renew the license for an additional five-year term.

The WWE filed suit against a number of parties, including THQ and JAKKS Pacific, in October 2004 - alleging that the WWE videogame licenses they hold were obtained through bribery.

THQ has now signed a new eight-year agreement with the WWE, granting it exclusive worldwide WWE video game publishing and development rights from January 1, 2010.

WWE '13 is back for another year of brawling and testosterone. Dave Cook asks THQ's Corey Ledesma about what's new this year, and why this could be the greatest entry yet.

THQ also is developing WWE-branded products for social media, iPad, and iPhone. Financial details of the deal were not disclosed.