DreamWorks Animation and THQ Team Up for Video Game Deal
DreamWorks Animation and THQ have joined together in creating all-new video game properties based on such upcoming films as the sequel Kung Fu Panda: The Kaboom of Doom and the Shrek 2 spin-off Puss In Boots. Here is the official press release:
THQ Inc. (NASDAQ:THQI) and DreamWorks Animation SKG, Inc. (NASDAQ:DWA) today announced that they have entered into multi-year, multi-property licensing agreements granting THQ the exclusive worldwide rights to develop and publish video games based on DreamWorks Animation's upcoming animated feature films, Kung Fu Panda: The Kaboom of Doom and Puss In Boots, as well as the popular CG animated television show, The Penguins of Madagascar.
The new agreements grant THQ exclusive worldwide rights to publish interactive games based on these DreamWorks Animation properties for all console and handheld systems, including Xbox Live Arcade, PlayStation Network and Nintendo Wii Virtual Console, and wireless devices.
"The three properties announced today, in addition to MegaMind, underscore our commitment to reinvigorating our portfolio of licensed games for kids and families with top global entertainment brands," said Doug Clemmer, THQ Executive Vice President, Kids, Family and Casual Games.
"We are pleased to expand our relationship with THQ and continue to be impressed by their focus on the kids and family videogame business," said Kerry Phelan, Head of Worldwide Consumer Products for DreamWorks Animation. "We look forward to extending the reach of our feature films and The Penguins of Madagascar series into a broad line of games and believe THQ will do a great job of maximizing our properties for family audiences."
THQ plans to release videogames in conjunction with DreamWorks Animation's theatrical releases, as follows:
Kung Fu Panda: The Kaboom of Doom, the sequel to the blockbuster hit, Kung Fu Panda, is scheduled to be released on June 3, 2011.
Puss In Boots, based on one of the most beloved characters in the Shrek universe, is scheduled to be released on November 4, 2011.
THQ previously announced the rights to publish videogames based on MegaMind, which is scheduled to be released on November 5, 2010.
The popular CG animated television show The Penguins of Madagascar has been running on Nickelodeon since March 2009 and was recently extended to add more episodes. THQ expects to publish the first video games based on The Penguins of Madagascar during its fiscal year beginning April 1, 2010.