THQ Announces Acquisition of Stuntman Franchise
Company Strengthens Next-Generation Console Portfolio With Popular Action-Racing Property
AGOURA HILLS, Calif., May 10 -- THQ Inc.
(Nasdaq: THQI) today announced the acquisition of the
Stuntman®
franchise from Atari, Inc. Originally released in 2002,
Stuntman won critical praise for its unique concept and
innovative gameplay, with shipments in excess of 1.6 million
units.
The Stuntman franchise is currently in development for
next-generation systems at Paradigm Entertainment, creators
of several well-known action games, in addition to gaming
classics Beetle Adventure Racing and Pilot Wings 64.
"The concept of pulling off the incredible driving feats of
Hollywood stuntmen is a natural fit for action and racing
game fans alike," said Kelly Flock, executive vice president
of worldwide publishing, THQ. "Stuntman is a great complement
to our growing stable of original content targeting the core
gamer on next-generation systems."
Additionally, the company announced that it has exercised its
option to acquire Paradigm Entertainment and subject to
successful due diligence, expects to close the transaction in
the coming weeks.
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 in 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, Stuntman
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 the Stuntman
franchise and the acquisition of Paradigm Entertainment, and
are based upon management's beliefs and certain assumptions
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which speak only as of the date of this press release.