Post by CandyKANE on Feb 21, 2003 7:52:30 GMT -5
THQ, Inc., today revealed that writing off the WWE games which carried the World Wrestling Federation logo cost them $1.6 million apart from a charge of $12 million for discontinued product development and a charge of $7 million related to the settlement off the class-action lawsuit with the Fund.
The video game company posted a whopping 89% drop in revenues compared to the same quarter last year.
The WWE related charges were not even included in the earnings release.
credit:wreslingdotcom.com
The video game company posted a whopping 89% drop in revenues compared to the same quarter last year.
The WWE related charges were not even included in the earnings release.
credit:wreslingdotcom.com