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How Much Money Does THQ Owe WWE?

Posted By: Caylon Knox of WrestlingNewsSource.com on Dec 21, 2012

World Wrestling Entertainment, Inc. issued the following statement:

WWE Responds To THQ Filing

STAMFORD, Conn.--(BUSINESS WIRE)-- WWE (NYSE:WWE) is listed in THQ, Inc.’s recent bankruptcy filing as an unsecured creditor holding a claim of approximately $45 million reflecting the entirety of the existing multi-year agreement.

Any impairment of a current THQ account receivable would be immaterial to WWE's financial statements. Even if the impact of THQ’s bankruptcy were detrimental to WWE, the Company does not believe that the ultimate economic impact for financial statement purposes would materially and adversely affect the results of operations or financial position of WWE in light of the strength of the WWE brand and the historical performance of WWE's video game business.


If you reference any quotes from this piece, please attribute them to the original source, and kindly credit WrestlingNewsSource.com (h/t) for the transcription.



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