This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

THQ, World Wrestling, Jakks Settle Litigation

NEW YORK (AP) ¿ Video game publisher THQ Inc., World Wrestling Entertainment Inc. and toy maker Jakks Pacific Inc. have settled lawsuits over game and toy licenses and a joint venture, the companies said late Tuesday.

As a result, THQ will pay a total of $33.2 million to the two companies, end its joint venture with Jakks, based in Malibu, Calif., and enter a license deal directly with WWE.

THQ will pay WWE $13.2 million as part of the settlement. The two companies signed an eight-year video game license that starts on Jan. 1.

THQ will also pay $20 million over the next four years to Jakks. The joint venture between the two companies ends on Dec. 31.

With the eight-year licensing deal, THQ has exclusive rights to make video games based on WWE content. Its most recent such game is "WWE Smackdown vs. Raw 2010."

WWE shares rose 22 cents to $15.44 in morning trading while Jakks rose 10 cents to $12.41. THG shares added 14 cents, or 2.9 percent, to $4.95.
Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
THQI $0.31 0.00%
JAKK $7.09 -1.10%
WWE $16.75 -0.30%
AAPL $92.61 -0.68%
FB $118.61 0.68%


Chart of I:DJI
DOW 17,655.00 -5.71 -0.03%
S&P 500 2,044.00 -6.63 -0.32%
NASDAQ 4,695.8940 -21.20 -0.45%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs