S H A R E

Investor Relations

News Release

Printer Friendly Version View printer-friendly version
<< Back
THQ and DreamWorks Animation Announce Multi-Year, Multi-Property Video Game License Agreements

Games Based on DreamWorks Animation Properties to Bolster THQ’s Kids, Family and Casual Line-up

AGOURA HILLS, Calif.--(BUSINESS WIRE)--Dec. 2, 2009-- THQ Inc. (NASDAQ:THQI) and DreamWorks Animation SKG, Inc. (NASDAQ:DWA) today announced that they have entered into multi-year, multi-property licensing agreements granting THQ the exclusive worldwide rights to develop and publish video games based on DreamWorks Animation’s upcoming animated feature films, Kung Fu Panda: The Kaboom of Doom and Puss In Boots, as well as the popular CG animated television show, The Penguins of Madagascar.

The new agreements grant THQ exclusive worldwide rights to publish interactive games based on these DreamWorks Animation properties for all console and handheld systems, including Xbox Live Arcade, PlayStation Network and Nintendo Wii Virtual Console, and wireless devices.

“The three properties announced today, in addition to MegaMind, underscore our commitment to reinvigorating our portfolio of licensed games for kids and families with top global entertainment brands,” said Doug Clemmer, THQ Executive Vice President, Kids, Family and Casual Games.

“We are pleased to expand our relationship with THQ and continue to be impressed by their focus on the kids and family videogame business,” said Kerry Phelan, Head of Worldwide Consumer Products for DreamWorks Animation. “We look forward to extending the reach of our feature films and The Penguins of Madagascar TV series into a broad line of games and believe THQ will do a great job of maximizing our properties for family audiences.”

THQ plans to release videogames in conjunction with DreamWorks Animation’s theatrical releases, as follows:

  • Kung Fu Panda: The Kaboom of Doom, the sequel to the blockbuster hit, Kung Fu Panda, is scheduled to be released on June 3, 2011.
  • Puss In Boots, based on one of the most beloved characters in the Shrek universe, is scheduled to be released on November 4, 2011.
  • THQ previously announced the rights to publish videogames based on MegaMind, which is scheduled to be released on November 5, 2010.

The popular CG animated television show The Penguins of Madagascar has been running on Nickelodeon since March 2009 and was recently extended to add more episodes. THQ expects to publish the first video games based on The Penguins of Madagascar during its fiscal year beginning April 1, 2010.

About THQ

THQ Inc. (NASDAQ: THQI) is a leading worldwide developer and publisher of interactive entertainment software. The company develops its products for all popular game systems, personal computers and wireless devices. Headquartered in Los Angeles County, California, THQ sells product through its global network of offices located throughout North America, Europe and Asia Pacific. More information about THQ and its products may be found at www.thq.com. THQ and its logo are trademarks and/or registered trademarks of THQ Inc. All other trademarks are property of their respective owners.

About DreamWorks Animation SKG, Inc.

DreamWorks Animation creates high-quality entertainment, including CG animated feature films, television specials and series, live entertainment properties and online virtual worlds, meant for audiences around the world. The Company has world-class creative talent, a strong and experienced management team and advanced filmmaking technology and techniques. All of DreamWorks Animation's feature films are now being produced in 3D. The Company has theatrically released a total of 18 animated feature films, including the franchise properties "Shrek," "Madagascar" and "Kung Fu Panda."

Caution Concerning Forward-Looking Statements about THQ

The statements contained in this press release that are not historical facts may be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about the business of THQ Inc. and its subsidiaries (collectively referred to as “THQ”), including, but not limited to, expectations and projections for games based on Kung Fu Panda: The Kaboom of Doom, Puss in Boots (working title), MegaMind, and The Penguins of Madagascar and are based upon management’s current beliefs and certain assumptions made by management. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to, business, competitive, economic, legal, political and technological factors affecting our industry, operations, markets, products or pricing. Readers should carefully review the risk factors and the information that could materially affect THQ’s financial results, described in other documents that THQ files from time to time with the Securities and Exchange Commission, including its Quarterly Reports on Form 10-Q and Annual Report on Form 10-K for the fiscal period ended March 31, 2009, and particularly the discussion of risk factors set forth therein. Unless otherwise required by law, THQ disclaims any obligation to update its view on any such risks or uncertainties or to revise or publicly release the results of any revision to these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

Caution Concerning Forward-Looking Statements about DreamWorks Animation SKG, Inc.

This document includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. DreamWorks’ plans, prospects, strategies, proposals and its beliefs and expectations concerning performance of its current and future releases and anticipated talent, directors and storyline for its upcoming films and other projects, constitute forward-looking statements. These statements are based on current expectations, estimates, forecasts and projections about the industry in which DreamWorks operates and management's beliefs and assumptions. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, and other risks and uncertainties affecting the operation of the business of DreamWorks Animation SKG, Inc. These risks and uncertainties include: audience acceptance of DreamWorks’ film and other projects, its dependence on the success of a limited number of releases each year, the increasing cost of producing and marketing feature films, piracy of motion pictures, resource constraints resulting from its expanding number of films and other projects, the effect of rapid technological change or alternative forms of entertainment and its need to protect its proprietary technology and enhance or develop new technology. In addition, due to the uncertainties and risks involved in the development and production of DreamWorks’ projects, the release dates described in this document may be delayed. For a further list and description of such risks and uncertainties, see the reports filed by DreamWorks with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and its most recent quarterly reports on Form 10-Q. DreamWorks is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise.

Source: THQ Inc.

THQ/Investor & Media Relations
Julie MacMedan, 818-871-5125
julie.macmedan@thq.com
or
DreamWorks Animation Corporate Communications
Shannon Olivas, 818-695-3658
shannon.olivas@dreamworks.com


 
thq.com | Join | Legal | Be Safe| Help | Report User | Report Content