Triple threat - WWE, THQ, Jakks Pacific over license issues

Posted Jul 1, 2009 at 12:16PM EST by Glenn M.

Listed in: News Tags: JAKKS Pacific, Joint Venture, THQ, wrestling, WWE, WWE Smackdown

When license agreements turn sour, you know what's coming next. For World Wrestling Entertainment, THQ, and Jakks Pacific, the result is a Triple Threat matchup between the three companies, jockeying for position over the WWE Smackdown vs. Raw franchise.

WWE has sued the THQ-Jakks joint venture twice, looking to have their licensing agreements terminated, while the game and toy companies locking horns and duking it out over WWE-branded games' royalties.

The current game licensing deal is set to expire on December 31st later this year, but Jakks has said that they will be exercising their right to renew their contract for five years more. That's all the way to December 31, 2014. THQ, on the other hand, responds with a lawsuit of its own, claiming that it had not yet decided whether it would renew ties with WWE or not.

As it is, THQ is seeking declaratory judgment on three issues:

THQ wants to determine if Jakks can or cannot unilaterally renew the WWE license as part of the terms of its joint venture with the toy maker.
THQ claims it is not obligated to consent to a renewal of the WWE license.
The restriction prohibiting THQ from publishing any wrestling-based game without Jakks for at least a year after the termination of the WWE agreement can not be enforced under California law, the publisher claims.

Jakks also says that they've entered arbitration proceedings with THQ with regard to this and other issues pertaining to the WWE license. THQ has not given any comment on the matter at this time.

We'll keep watch over the developments of this Triple Threat matchup, and you can bet these guys can't knock their ref out with a light nudge.

Add comment

JComments

HOT GAMING NEWS | LATEST GAMING SEARCHES | FORUMS

QUICK JUMP DAILY DIGEST

Welcome to QJ.Net!

If you want your comments to go live without waiting for moderation, you need to be logged in. Being logged in has its benefits:

Logged in members do not wait for their comments to be approved.
Logged in members can create Profiles to be seen by other users.

So why wait? Create an account or login now! It's easy, quick, and free.

To get started, use the LOGIN boxes, or the REGISTER link below!

Want to learn more about the team who brings you the QJ news?

Read about them now!

HOT FLASH GAMES

PSP Categories

• Accessories
• Add-ons
• Applications
• Artwork
• Batteries
• Cheats
• Deals
• Emulators
• Events
• Featured Articles
• Firmware
• Flash Applications
• Flash games
• Game Demos
• Games
• Hacks & Exploits
• Homebrew Applications
• Homebrew Demos
• Homebrew Development
• Homebrew Emulators
• Homebrew Games
• Homebrew Themes
• How-To
• Humor
• Imports
• Interviews

• Magazines
• Mods
• MY QJ
• News
• Off Topic
• On Shelves This Week
• Opinions & Analysis
• Podcasts
• Previews
• PSP Go
• PSP Minis
• PSP Slim & Lite
• QJ How-To Series
• QuickJump QuickGuide
• QuickJump QuickPeek
• Reviews
• Rumors
• Scans
• Screenshots
• Site News
• Titles
• UMD Movies
• Videos
• Weekend Warrior
• Wi-Fi

Sitemap

Newest Downloads

05/22/2012 - 05/28/2012

RGLoader 0v290 Beta	05/27/2012
WiiMod 3.2	05/27/2012
WiiMC v1.2.7	05/25/2012
True Blue Firmeware v2.7	05/24/2012
3DS Video Converter v2.3	05/24/2012
Mobile Assault 1.8.2	05/24/2012
PSP Tools Alpha 0.1	05/22/2012
Newton War	05/22/2012
DaedalusX64 r766	05/22/2012
PSPMarble	05/22/2012
The Undead 4 - Nazi Zombies	05/21/2012
3DSExplorer v1.2.1	05/21/2012
J-Runner v0.2 Beta 275	05/19/2012
Priiloader 0.8 Beta 3	05/19/2012
Quake Rev PAK release 4	05/19/2012

Most Comments this Month
Sound Off: On Game Expirat..	(57)
Pokemon Liquid Crystal! K..	(12)
neur0n Knocks Out An Updat..	(4)
Homebrew - PSP/PS3 PKG Dec..	(3)
Hellcat Working On Recover..	(3)
PSP Homebrew: 6.xx PRO Onl..	(2)
PSP homebrew - Lamecraft o..	(2)
Japanese gamers fire back..	(2)
PSP homebrew - Lamecraft o..	(2)
PSP homebrew - GoTube v1.2	(1)
Custom Firmware PRO-B9 for..	(1)
PSP homebrew - Prometheus..	(1)
Bust Out Your PSP For This..	(1)
PSP homebrew - PSP Install..	(1)
GTA:LCS Cheat Trainer for..	(1)
Custom Firmware 6.35 PRO-B..	(1)
GTA: LCS Cheat Device v0.3	(1)
Square Enix announces Fina..	(1)
LUA Little Fighter 2 v1.60..	(1)
PSP homebrew - LameCraft	(1)
VSHPong Gamma now with On/..	(1)
CSPortable 0.74 - added ne..	(1)
Modern Warfare 3 visits Ji..	(1)
FreePlay: eLoader for the..	(1)
PSP homebrew - CFW 6.20, 6..	(1)

Top Jumps this Month
neur0n Knocks Out An..	(95)
Bust Out Your PSP Fo..	(85)
Pokemon Liquid Cryst..	(83)
PSP homebrew - LameC..	(62)
PSP Comics Reader v2..	(49)
PSP Homebrew: 6.xx P..	(41)
PSP Homebrew - PSPDi..	(39)
Hellcat Working On R..	(39)
PSP homebrew - DSonP..	(38)
neur0n Gives You Mor..	(36)
PSP GBA v1.2: Gamebo..	(33)
Sound Off: On Game E..	(30)
Another CFW Goodie F..	(27)
Soywiz Releases PSP..	(26)
Sound Off: Should Ap..	(25)
Homebrew - PSP/PS3 P..	(23)
GTA: Liberty City St..	(22)
PSP homebrew - Mario..	(20)
EA Shuts Down More S..	(19)
PSP Google Chrome po..	(19)
PSP homebrew - PSP..	(18)
PSP homebrew - Audio..	(18)
PSP homebrew - PSP L..	(17)
PSP CFW: 6.60 ME & L..	(16)
PSX2PSP v0.7: a new..	(16)

Quick Jump Daily Digest

Triple threat - WWE, THQ, Jakks Pacific over license issues

Related Stories:

Comments