THQ and WCW Do Not Intend to Renew License Agreement
CALABASAS, Calif.--(BUSINESS WIRE)--March 10, 1998--THQ Inc. (Nasdaq/NMS:THQI - news) Tuesday
announced that THQ and WCW do not intend to renew the license agreement with respect to WCW World Championship
Wrestling.
As previously announced, the existing license expires Dec. 29, 1998, and allows THQ to continue to sell products on hand
and in process at that date through June 29, 1999.
''Since we have been extremely successful with our line of wrestling products utilizing the WCW license, we fully intend to
continue in the genre with outstanding wrestling games,'' said Brian J. Farrell, president and chief executive officer.
''We are very excited about our product line for 1998, which includes not only Nintendo 64 and PlayStation sequels to our
WCW products, but also 'Quest 64' and the just-announced 'The GranStream Saga' in the role-playing genre, our 'BASS
Masters' game for PlayStation and PC, and of course, our 'RugRats' products for the fall,'' he continued.
THQ develops, publishes and distributes interactive entertainment software worldwide for a variety of hardware platforms,
including PC CD-ROM, and those manufactured by Nintendo, Sony and Sega. THQ has headquarters in Calabasas, and is
publicly traded on Nasdaq under the symbol THQI. The THQ Web site is located at thq.com.
Contact:
THQ Inc., Calabasas
Aimee Greenholtz, 818/223-3116 (Media Relations)
Deborah A. Lake, 818/223-3123 (Investor Relations) |
