WWE sent out the following today, regarding the THQ bankruptcyfiling…
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 statementpurposes 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.
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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 statementpurposes 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.
Go Check out all of our social media
– You can now follow me (Andy) on my Twitter account is at https://twitter.com/AR_Official_94
- Official Youtube Channel
official wrestling facebook page
Follow Us On Twitter
Use #ngws For Interaction With Us
Live Radio Show
Podcast
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