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Pixar, THQ Extend Partnership

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Pixar, THQ Extend Partnership

Pixar Animation Studios and THQ Inc. announced an exclusive multi-property publishing agreement granting THQ the interactive rights to Pixar’s first four post-Disney animated films. THQ released the 6 million unit-selling Finding Nemo game last year and is prepping interactive titles based on the upcoming Disney/Pixar efforts The Incredibles and Cars.

The new agreement between Pixar and THQ will begin in 2006 with Pixar’s first wholly owned feature film and will continue with the next three independent features. The worldwide deal extends four years after the release of each film and includes all current and future video game console systems, PC/MAC, as well as handheld and wireless devices.

“This agreement is one of the most significant partnerships in the history of the industry, a testament to Pixar’s creative power and our tremendous success in the interactive space over the years,” comments Brian Farrell, president and CEO of THQ. “Extending our relationship is a huge win for THQ …"

Buoyed by strong sales of Finding Nemo on home video, Pixar’s second quarter 2004 earnings more than doubled from the same quarter a year ago. The studio earned $64.1 million during this year’s six-month period, compared to $27.7 million for the second quarter of 2003.

“Our performance this quarter highlights the ongoing success of Finding Nemo and the longevity of all of our films,” says Pixar CEO Steve Jobs. “Next up: The Incredibles, which we’ve now completed and are gearing up for its November 5th release. Prepare to be blown away.”

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