Thread: THQ Files For Bankruptcy
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Old 12-27-2012, 01:39 PM   #19
Emperor Smeat
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Quote:
Regarding the THQ bankruptcy, WWE is claiming it is owed $45 million. That number is what the company would be own based on the length and terms of the contract and guarantees. They are not owed $45 million in back royalties at this point, although they are owed millions in back royalties for the current WWE 13 game. They also owe Yukes, the company that made the game, $17.8 million. Exactly what happens from here is unknown. It depends on a lot of factors. If WWE isn’t paid, they could declare it a breach of contract. It is known that Ubisoft is interested in purchasing THQ and does want to continue with the annual WWE game, but then they would have to work out something regarding at least the back royalties owed.
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