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!
|18||Vince McMahon Reportedly Upset Over Brock Lesnar Wanting to Discuss a New Deal at UFC 184|
|14||Backstage News on Vince McMahon and Brock Lesnar Arguing at RAW, Is Lesnar Expected for WrestleMania?|
|7||WWE RAW Report - 3/2/15|
|6||Samoa Joe Expected to Sign with WWE Soon, Ryback Talks Andre Battle Royal, Canvas 2 Canvas|
|5||Backstage News on WWE's Plans for Sheamus, WWE Legend Praises Bray Wyatt, WWE Documentaries|