The five-year licensing agreement between Take-Two and World Wrestling Entertainment that helped keep the storied wrestling franchise alive, was thanks to some legal wrangling that saw the WWE and developer Yuke's write off an estimated $60 million in money owed the two, according to court documents.
Take-Two and the WWE signed an exclusive five-year licensing agreement for the WWE video game series in February. The first entry in the franchise, WWE '14, is due out this fall.
The companies said at the time that Yuke's, the Japanese studio behind THQ's WWE games, will pick up where it left off on developing its 2013 WWE title. Take-Two has hired the THQ Fight Team, the internal group that managed development and marketing of the WWE series; that team will report to 2K Sports' design team at Visual Concepts, the 2K-owned studio behind the company's NBA 2K and MLB 2K franchises.
Recent court filings in the THQ bankruptcy case walk through the process required to clear both WWE and Yuke's of the legal mire created by THQ's bankruptcy in order to land a new deal with Take-Two...More?
source: polygon.com
April 19, 2013
Court details how WWE and Yuke's extracted themselves from THQ's bankruptcy
Oderint Dum Metuant: Let Them Hate As Long As They Fear
0 comments:
Post a Comment
Your comment awaits moderator approval. Comments that are abusive, spam, off-topic, use excessive foul language, or include ad hominem attacks will be deleted.