THQ Re-Ups as Xbox Developer

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In a recent Securities Exchange filing, THQ stated that they and Microsoft have entered into an extended agreement in regards to Xbox 360 development and royalty sharing of other titles.

On October 23, 2008, THQ Inc. (the “Registrant”) and Microsoft Licensing, GP (“Microsoft”) executed Amendment No. 2 to the Xbox 360 Publisher License Agreement (“Amendment No. 2”). 

 

Amendment No. 2 is effective as of October 21, 2008 and extends the Term to continue until six (6) years after such date that the Xbox 360 is first commercially released by Microsoft in the United States.  Thereafter, the Term shall automatically renew for success one-year periods unless either party gives notice of non-renewal within sixty (60) days of the end of the then-current term. 

 

Amendment No. 2 further revises the royalty schedule and adds new terms with respect to Xbox 360 Live and Premium Downloadable Content incentive programs, Xbox Live Server Platform, token promotions, and joint promotions.  All other material terms of the Xbox 360 Publisher License Agreement remain in full force and effect.

 

So that means you can expect years worth of THQ titles coming to the various distribution channels that the Xbox 360 and XBLA provide.

In : PC

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