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.
The Hottest WWE news, photos and videos delivered to your inbox in one convenient newsletter. Sign up now and give it a try!
|8||Backstage News on How Vince and Triple H Handle The Internet, Wrestling on The Goldbergs|
|8||Ultimate Warrior's Cause of Death Revealed|
|8||WWE RAW Report - 4/14/14|
|8||Possible Extreme Rules Match for Daniel Bryan, TMZ Asks Jericho About New WWE Talent, Hogan|
|7||Cage Match for WWE Extreme Rules, Eve Wedding Photo, SmackDown Main Event, Daniel Bryan|