AGOURA HILLS, Calif., March 1, 2007 - THQ Inc. (NASDAQ: THQI) today announced that it has entered into an exclusive worldwide licensing agreement with Games Workshop (LSE: GAW - News) for the Warhammer® 40,000 franchise through 2013. The agreement serves to both extend and expand upon THQ's previous agreement with Games Workshop for the Warhammer 40,000 license, which encompassed interactive rights to console and handheld systems, as well as Windows PC. Additional rights under the newly announced agreement include wireless devices and all online rights, including massively multiplayer (MMO) games. It also includes the same rights to Games Workshop's Gorkamorka and Necromunda properties.
THQ also announced that its Austin, Texas based studio, Vigil Games, is in development on the first MMO based on the Warhammer 40,000 franchise.
THQ's critically acclaimed Warhammer®: 40,000: Dawn of War franchise now boasts more than 2 million units in sales worldwide with the release of hybrid expansion Warhammer® 40,000: Dawn of War - Dark Crusade last fall. The franchise has received numerous accolades since its 2004 debut, including Game of the Year and Editor's Choice Awards, in addition to selection as an Official World Cyber Games title in 2005 and 2006.
"Our success in creating Warhammer 40,000: Dawn of War as a category leading Real-Time Strategy experience for PC gamers is just the beginning," said Kelly Flock, executive vice president of worldwide publishing, THQ. "The Warhammer 40,000 universe provides a richness of worlds, characters and stories and level of depth that translates perfectly to interactive experiences across multiple genres and systems. We see a lot of opportunity to build new and different games based on Games Workshop's fantastic property in the coming years, beginning with our newly announced MMO."
"We are delighted to be able to announce the extension of our very successful partnership with THQ," said Andy Jones, Head of Group Legal and Licensing for Games Workshop. "By creating such vibrant and ground-breaking games based on our long-established worlds, stories and characters, THQ can introduce the Warhammer 40,000 Intellectual Property to a whole new audience, while providing our existing Hobbyists with an exciting new way to interact with the dark and gothic universe which they already know and love."
More information about Vigil Games can be found at www.vigilgames.com.
About Games Workshop
Games Workshop is the world's largest tabletop wargames company. Based in Nottingham, UK, it designs, manufactures and distributes its range of Warhammer and Warhammer 40,000 games, miniature soldiers, novels, collectible card games and resin models through more than 340 of its own Hobby centers, mail order, Internet and independent retail channels in more than 50 countries worldwide. Further details on the company can be obtained at www.games-workshop.com. Dawn of War, Dawn of War: Dark Crusade, Games Workshop, Warhammer, the foregoing marks' respective logos, and all associated marks, logos, places, names, creatures, races and race insignia/devices/logos/symbols, vehicles, locations, weapons, units and unit insignia, characters, products, illustrations and images are either®, and/or ®. Games Workshop Ltd 2000-2007. Used under license. All Rights Reserved.
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 and www.thqwireless.com. THQ, THQ Wireless, Vigil Games and their respective logos are trademarks and/or registered trademarks of THQ Inc.
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 related to games based on the Warhammer 40,000 universe, 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/A for the fiscal period ended March 31, 2006, 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.