Joystiq

WWE 2K14 throws down at retailers on October 29

Jessica Conditt — Mon, 13 May 2013 16:27:00 EST

WWE 2K14 is scheduled to launch on October 29 for Xbox 360 and PS3, Take-Two Interactive confirmed in its fiscal year 2013 financial report. Take-Two snagged the rights to the WWE franchise in February, through a deal that went down before THQ's public bankruptcy auction in January. The deal gives Take-Two exclusive rights to publish WWE games "across all major platforms and distribution channels."

WWE 2K14 is in production from series developer Yukes, based in Japan, and 2K Sports.

WWE 2K14 throws down at retailers on October 29 originally appeared on Joystiq on Mon, 13 May 2013 16:27:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

THQ owed WWE $7.6 million, disclosure statement reveals

Mike Suszek — Sat, 20 Apr 2013 16:30:00 EST

A recent disclosure statement filed by THQ revealed details of the terms the publisher came to with the WWE and series developer Yuke's when the publisher folded. At the time of THQ's bankruptcy filing in December 2012, it owed approximately $7.6 million to WWE for marketing and royalties expenses, as well as $15 million to $20 million to Yuke's.

According to the statement, THQ, WWE and Yuke's all signed termination agreements on February 12, 2013 that relieved THQ of responsibility in paying WWE and Yuke's of those claims. THQ agreed to pay WWE royalties for sales of WWE games during its Chapter 11 case, and will also pay Yuke's $250,000 in settlement for royalties from sales during the time of its bankruptcy filing.

As a result, WWE and Yuke's terminated existing contracts with THQ in order to pursue a publishing agreement for future WWE games with Take-Two. Damage claims against THQ that were eliminated as a result of the termination agreement "may have exceeded $60 million," according to the document.

THQ owed WWE $7.6 million, disclosure statement reveals originally appeared on Joystiq on Sat, 20 Apr 2013 16:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

Take-Two officially takes over WWE license, WWE '14 coming in fall

David Hinkle — Wed, 20 Feb 2013 15:45:00 EST

We knew this was coming last week, but now it's official: Take-Two is now the holder of the WWE license. ~~The first game to come from the new WWE publisher is due this fall, titled WWE '14 - in line with 2K Sports' branding of sports games.~~ [Update: The original ESPN source cited a name change, but Take-Two's press release confirms the new game will be called WWE '14.]

Take-Two struck a five-year deal with WWE, WWE executive vice president of consumer products Casey Collins confirmed to ESPN. The previous WWE license holder was THQ, who has been pumping out wrasslin' games since 1999. THQ has since become no more, forced to sell off all its assets to the highest bidder - but before that silent auction, THQ and WWE got together to hold private bidding for the license. According to Collins, Take-Two was the right fit, a publisher he sees as "a leader going forward on these next-gen systems."

Not only that, but Take-Two's success with the NBA 2K series also spurred interest, Collins said. "The work they do, and the quality of the games they put out and how they've been able to grow their franchise with not only the simulation aspect of the game, but also the entertainment aspect, we thought they'd be a perfect partner."

WWE '14 will launch this fall, a joint collaboration between 2K Sports studio Visual Concepts and longtime WWE series developer Yukes, located in Japan. As part of this five-year deal, Take-Two has also hired on some designers from THQ to work with Visual Concepts. "What we're going to do moving forward is meld Yukes with the team at Visual Concepts, so we can have the best of both worlds," Collins said. "Having Yukes' experience and then getting the Visual Concepts guys on board with them, we think this is going to be a dynamic duo."

Collins confirmed that folks from THQ's "Fight Team" were being hired at Take-Two to help Visual Concepts with the transition. "The THQ Fight Team is also being brought over, and they'll report directly to Visual Concepts. Their experience in the marketing, their experience in the development, their experience with our franchise for years ... we thought that it was very valuable to keep that continuity."

[Note: Image taken from WWE '13, but you probably knew that because it says WWE '13 right on the image.

Take-Two officially takes over WWE license, WWE '14 coming in fall originally appeared on Joystiq on Wed, 20 Feb 2013 15:45:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments