WWE ATTACKS JAKKS PRESS RELEASE
By: Press Release
11/16/2004 5:07:38 PM
Press Release Source: World Wrestling Entertainment, Inc.
World Wrestling Entertainment, Inc. Issues Comment on JAKKS Pacific Press Release Tuesday November 16, 3:54 pm ET
STAMFORD, Conn.--(BUSINESS WIRE)--Nov. 16, 2004--World Wrestling Entertainment, Inc. (NYSE:WWE®) issued the following statement in response to a press release issued by JAKKS (NASDAQ:JAKK - News) this morning regarding their licensing of WWE TV Games: The press release issued by JAKKS today relates to an amendment to the videogame license between WWE and JAKKS/THQ LLC. The amendment was signed in July of 2004 at a time when WWE was still gathering facts related to the matters set forth in our recent lawsuit and contains an express provision in it that WWE was not waiving any rights regarding the payments made by JAKKS to WWE's former licensing agent.
We do not know why JAKKS chose to issue a press release on the subject today, and can state that JAKKS did not seek current authority from Ms. Goldsmith to include a quote from her in the release. In July, when the amendment was originally signed, Ms. Goldsmith did approve the quote, but it no longer remains the view of Ms. Goldsmith or the management of WWE.
World Wrestling Entertainment, Inc. (NYSE: WWE - News) is an integrated media and entertainment company headquartered in Stamford, Conn., with offices in New York City, Los Angeles, Toronto and London. Additional information on the company can be found at wwe.com and corporate.wwe.com.
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