Terms for Take-Two Developing WWE Video Games

Posted by Matt Boone February 14, 2013 3 Comments

Bloomberg has released an update on Take-Two acquiring the WWE video game license as part of THQ’s bankruptcy proceedings. Here is a list of some of the new terms.

* WWE and Yuke’s contracts with THQ have been terminated, allowing them to enter into new agreements with Take-Two, who will also hire the THQ crew that worked on WWE video games.

* THQ will have to pay WWE $650,000 in royalty payments for the video games sold while under bankruptcy protection.

* WWE’s “very large damage claims” against THQ have been dropped. The pre-bankruptcy claim of $45 million was for the value of the video game contract running through 2017.

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    • So close…

      “WWE and Yuke’s contracts with THQ have been terminated,
      allowing them to enter into new agreements with Take-Two, who will also
      hire the THQ crew that worked on WWE video games”

      Dammit. Nearly got a new team for the stale games.

    • bluebook

      I’m glad those guys wont lose their jobs, but I was hoping for a new developing team. WWE games are way behind in the physics and graphics department. I cannot believe again which only simulates a small arena still has people that look like carboard cut-outs, the hair in wrestlers still looks like copper wire, has a shitload of glitches, most character models look nothing like the real wrestlers, and the list goes on and on. Hopefully under Take-Two’s direction things will improve.

      • Sofa

        well i cant imagine take two buying the license and keep those games as bad as they are.
        if you played the nba 2k series you know how perfect the game is in every single way.
        and theyre probably just being told what to do so i think theres no reason to worry

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