THQ Expands WWE Videogame Portfolio with Release of WWE® WrestleFest™ for iPhone and iPad
Iconic Arcade Game Returns to Deliver Classic WWE Action in 2-D Format for Popular Handheld Systems – Available Now on the App Store
AGOURA HILLS, Calif.--(BUSINESS WIRE)--Feb. 21, 2012-- THQ Inc. (NASDAQ: THQI) today announced the release of WWE® WrestleFest™, a faithfully recreated 2-D experience for iPhone and iPad based on the well-known WWE arcade game made popular in the 1990s. Complete with current-day WWE Superstars, prominent WWE Legends, an extensive downloadable content program, Road to WrestleMania® progression play and multiplayer functionality, WWE WrestleFest is available now through Apple's App Store for the suggested retail prices of US $2.99 (iPhone®) and US $3.99 (iPad®).
In addition today, THQ also announced WWE WrestleFest is in development for additional platforms, including Xbox LIVE® Arcade for the Xbox 360® video game and entertainment system from Microsoft, PlayStation®Network for the PlayStation®3 computer entertainment system, Android™ and PC, with a currently scheduled release window of calendar year 2012.
"WWE WrestleFest greatly complements our WWE videogames portfolio by delivering a unique and captivating way for fans to connect with the virtual WWE experience," said Danny Bilson, Executive Vice President, Core Games, THQ. "The game's arcade-style play, combined with present day WWE content and hints of nostalgia, is a perfect fit for handheld platforms like the iPhone and iPad."
About WWE WrestleFest
Faithfully recreated in line with the classic arcade experience, WWE WrestleFest will provide players with a notable roster of current WWE Superstars and popular WWE Legends, including John Cena®, The Rock®, Randy Orton®, "Stone Cold" Steve Austin®, Undertaker®, Jake "The Snake" Roberts™ and "Macho Man" Randy Savage™. They will explore arcade-style WWE action across a variety of match types, including Royal Rumble®, Tag Team, Gauntlet and Steel Cage, while competing in a number of renowned arenas like Raw®, SmackDown®, WrestleMania® and Saturday Night's Main Event®. The Road to WrestleMania progression-style mode will encourage players to select a WWE Superstar or WWE Legend and compete in a series of challenges to win five different WWE Championships, while wireless connectivity through Apple Game Center will enable them to issue multiplayer challenges.
WWE WrestleFest will also update the gameplay experience following launch with the release of 30 additional WWE Superstars and WWE Legends, as well as new arenas, through an extensive downloadable content program. Items currently scheduled for future release include WWE Superstars CM Punk®, Triple H® and Sheamus®, WWE Legends Shawn Michaels® and Big Boss Man™, as well as the classic Survivor Series® arena.
For more information about WWE WrestleFest, please visit wwe.thq.com, facebook.com/WWEgames and twitter.com/WWEgames.
WWE, a publicly traded company (NYSE: WWE), is an integrated media organization and recognized leader in global entertainment. The company consists of a portfolio of businesses that create and deliver original content 52 weeks a year to a global audience. WWE is committed to family friendly entertainment on its television programming, pay-per-view, digital media and publishing platforms. WWE programming is broadcast in more than 145 countries and 30 languages and reaches more than 500 million homes worldwide. The company is headquartered in Stamford, Conn., with offices in New York, Los Angeles, London, Mumbai, Shanghai, Singapore and Tokyo. Additional information on WWE (NYSE: WWE) can be found at wwe.com and corporate.wwe.com. For information on our global activities, go to http://www.wwe.com/worldwide/.
About THQ Inc.
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, wireless devices and the Internet. 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 the THQ logo are trademarks and/or registered trademarks of THQ Inc.
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All WWE programming, talent names, images, likenesses, slogans, wrestling moves, trademarks, logos and copyrights are the exclusive property of WWE and its subsidiaries. All other trademarks, logos and copyrights are the property of their respective owners.
THQ Forward-Looking Statements: 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 the release and features of WWE WrestleFest 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 Annual Report on Form 10-K for the fiscal period ended March 31, 2011 and subsequent Quarterly Reports on Form 10-Q, and particularly the discussion of trends and 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.
WWE Forward-Looking Statements: This news release contains forward-looking statements pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995, which are subject to various risks and uncertainties. These risks and uncertainties include, without limitation, risks relating to maintaining and renewing key agreements, including television distribution agreements; the need for continually developing creative and entertaining programming; the continued importance of key performers and the services of Vincent McMahon; the conditions of the markets in which we compete and acceptance of the Company's brands, media and merchandise within those markets; our exposure to bad debt risk; uncertainties relating to regulatory and litigation matters; risks resulting from the highly competitive nature of our markets; uncertainties associated with international markets; the importance of protecting our intellectual property and complying with the intellectual property rights of others; risks associated with producing and travelling to and from our large live events, both domestically and internationally; the risk of accidents or injuries during our physically demanding events; risks relating to our film business and any new business initiative which we may undertake; risks relating to the large number of shares of common stock controlled by members of the McMahon family and the possibility of the sale of their stock by the McMahons or the perception of the possibility of such sales; the relatively small public float of our stock; and other risks and factors set forth from time to time in Company filings with the Securities and Exchange Commission. Actual results could differ materially from those currently expected or anticipated. In addition, our dividend is dependent on a number of factors, including, among other things, our liquidity and historical and projected cash flow, strategic plan (including alternative uses of capital), our financial results and condition, contractual and legal restrictions on the payment of dividends, general economic and competitive conditions and such other factors as our Board of Directors may consider relevant.