"Having successfully collaborated with James on his Women's Murder Club games, we are thrilled to expand the partnership to bring to life the epic tale of Daniel with the first Daniel X game ever offered," said Doug Clemmer, THQ's executive VP, Kids, Family and Casual Games. "Our first game in the Daniel X series is a perfect complement to its literary counterparts, and a great way for fans to enhance their knowledge and enjoyment of the world of Daniel X."

"Bringing Daniel to life on the Nintendo DSi and Nintendo DS will allow fans of the book series and graphic novel to immerse themselves in a completely new storyline," said James Patterson. "With Daniel X: Watch the Skies debuting at No. 1 on the New York Times Best-Sellers list for children's books, the new adventures of Daniel on handheld will give these readers the chance to become their favorite action hero."

Offering a mechanism by which to interact and complete a game, Daniel X allows players to create objects out of thin air and implement them to overcome obstacles, save friends and prevent the aliens on The List from taking over the world. As Daniel traverses an alien world, that skill will be vital in solving puzzles and battling enemies so that he can return home to Earth.

James Patterson's Daniel X: The Ultimate Power is scheduled to be available for the Nintendo DSi and DS this upcoming January.

((Comments on this story may be sent to newsdesk@closeupmedia.com))

"Family game night is more fun when Papa's in the House with Wii Sports Resort," said Papa John's Chief Marketing Officer, Andrew Varga. "Wii is at the top of holiday wish lists, which is why Papa John's is especially excited to partner with Nintendo this month."

"Christmas came early for Papa John's founder, John Schnatter, this summer when he recovered the beloved 1971 Z28 Camaro he sold to keep his dad's tavern afloat and open his first Papa John's restaurant," continued Varga. "The same will be true for our 300 Wii Sports Resort Sweepstakes winners in November."

The Papa John's Wii(TM) Sports Resort Sweepstakes closes Sunday, Nov. 29. To learn more about the sweepstakes, visit www.papajohns.com/wiisportsresort.

About Papa John's

Headquartered in Louisville, Kentucky, Papa John's International, Inc. (NASDAQ: PZZA) is the world's third largest pizza company. For nine of the last 10 years, consumers have rated Papa John's No. 1 in customer satisfaction among all national pizza chains in the highly regarded American Customer Satisfaction Index (ACSI). Papa John's also ranks first among pizza companies in the 2008 Brand Keys Customer Loyalty Engagement Index, was honored by Restaurants & Institutions Magazine (R&I) with the 2008 Silver Award for Consumers' Choice in Chains in the pizza segment, and was named 2007 Pizza Today Chain of the Year. For more information about the company or to order pizza online, visit Papa John's at www.papajohns.com.

SOURCE: Papa John's International, Inc.

Papa John's International, Inc. 
Tish Muldoon, 502-261-4987 
Sr. Dir., Corporate Communications

(Photo: http://www.newscom.com/cgi-bin/prnh/20091103/NY03876 )

"Band Hero takes the critically acclaimed Guitar Hero(R) 5 game features to new heights and delivers the most popular artists into your living room," said Dan Rosensweig, president and chief executive officer of Guitar Hero(R). "As our first E10+ rated console game, Band Hero will become the new soundtrack to family game night."

Hit the road with Band Hero as Nintendo DS Lite owners join the band with an all-new gameplay experience that allows full band play on-the-go for any combination of guitar, bass, drums and vocals. Featuring an exclusive set list, Band Hero for Nintendo DS Lite extends the renowned guitar-only gameplay from the Guitar Hero(R) On Tour(R) series to full band play with the introduction of the innovative Drum Grip(TM) and use of the built-in microphone for vocal play. Band Hero for Nintendo DS Lite players can also connect to the Wii version to unlock extra gameplay and content including Fan Request challenges.

Band Hero for Wii also features multiple exclusive game modes for Nintendo fans that will allow living room rock stars to interact with their music and friends in a new social gameplay experience. While players and their bands are rocking away on the Wii version of Band Hero, family and friends who own Nintendo DS or Nintendo DSi can update and change the band's set list on the fly giving them the ability to experience the performance they want in DS Party Play. Nintendo DS fans can virtually live the life of a band roadie thanks to Roadie Battle mode which allows up to two Nintendo DS players to connect with two Band Hero Wii guitarists for an intense competition of navigating from one side of the stage to the other trying to sabotage opponents' equipment while repairing any damage to their own. Band Hero also features Mii(TM) Freestyle Mode made popular in Guitar Hero 5. In addition, an all-new drum kit controller featuring a slimmer, more sturdy design and quiet 'floating' drum heads will be available at launch, bundled exclusively with the Wii band kit version of Band Hero.

Band Hero also offers a great value to owners of multiple Guitar Hero games by allowing players to import select songs from Guitar Hero(R) 5, Guitar Hero(R) Smash Hits and Guitar Hero(R) World Tour. In addition, Guitar Hero fans can play most of their purchased Guitar Hero World Tour or Guitar Hero 5 downloadable content in Band Hero, for a music library that consists of hundreds of tracks.

Brought to you by the makers of Guitar Hero, one of the best-selling video game franchises of all time, Band Hero features the hottest chart-topping hits from everyone's favorite bands including Fall Out Boy, Nelly Furtado, Lily Allen, The All-American Rejects and Jackson 5. Band Hero is the ultimate party game where friends and family can choose to join the band or "take five" at any time without interrupting the performance in Party Play mode. Band Hero allows fans to create the band of their dreams, using any combination of vocals and guitar or drum controllers, providing budding pop stars the chance to customize how they interact with and experience their favorite music.

In addition, Band Hero players can step into the spotlight as their own Xbox Avatar in the Xbox 360 version of the game. Taking full advantage of the latest technology available from Xbox LIVE(R) online entertainment network, pop hopefuls can create the ultimate pop super-group and mix and match their Xbox Avatars with all-new character Quincy Styles, redesigned Guitar Hero favorites like Judy Nails, Midori and Axel Steel, or even alongside in-game talent.

Band Hero was developed by Neversoft Entertainment for Xbox 360 and PlayStation 3 system, by Vicarious Visions for the Nintendo DS Lite and Wii and by Budcat for the PlayStation 2 system. The game is rated "E10+" (Everyone 10 years and older - Mild Lyrics, Mild Suggestive Themes). Become a fan of Band Hero on Facebook at facebook.com/bandhero and for more information about Band Hero, please visit bandhero.com. For a chance to win a trip to meet Taylor Swift and see her in concert as well as other Band Hero prizing, enter at www.bandhero.com/MeetTaylorSwift.

Activision Publishing Broadcast Media Center

Members of the media can visit Activision Publishing's Broadcast Media Center to download broadcast quality video and web-ready video and high-resolution images. Members of the media using Pathfire can take advantage of a Pathfire enabled video download.

Broadcast Media Center: http://usngondemand.com/index.php

About Activision Publishing, Inc.

Headquartered in Santa Monica, California, Activision Publishing, Inc. is a leading worldwide developer, publisher and distributor of interactive entertainment and leisure products.

Activision maintains operations in the U.S., Canada, the United Kingdom, France, Germany, Ireland, Italy, Sweden, Spain, Norway, Denmark, the Netherlands, Australia, Russia, Japan, South Korea, China and the region of Taiwan. More information about Activision and its products can be found on the company's website, www.activision.com.

Cautionary Note Regarding Forward-looking Statements: Information in this press release that involves Activision Publishing's expectations, plans, intentions or strategies regarding the future are forward-looking statements that are not facts and involve a number of risks and uncertainties. Activision Publishing generally uses words such as "outlook," "will," "could," "would," "might," "remains," "to be," "plans," "believes," "may," "expects," "intends," "anticipates," "estimate," future," "plan," "positioned," "potential," "project," "remain," "scheduled," "set to," "subject to," "upcoming" and similar expressions to identify forward-looking statements. Factors that could cause Activision Publishing's actual future results to differ materially from those expressed in the forward-looking statements set forth in this release include, but are not limited to, sales levels of Activision Publishing's titles, shifts in consumer spending trends, the impact of the current macroeconomic environment, the seasonal and cyclical nature of the interactive game market, Activision Publishing's ability to predict consumer preferences among competing hardware platforms (including next-generation hardware), declines in software pricing, product returns and price protection, product delays, retail acceptance of Activision Publishing's products, adoption rate and availability of new hardware and related software, industry competition, rapid changes in technology and industry standards, protection of proprietary rights, litigation against Activision Publishing, maintenance of relationships with key personnel, customers, vendors, licensees, licensors and third-party developers, counterparty risks relating to customers, licensees, licensors and manufacturers, domestic and international economic, financial and political conditions and policies, foreign exchange rates, integration of recent acquisitions and the identification of suitable future acquisition opportunities, Activision Blizzard's success in completing the integration of the operations of Activision Publishing and Vivendi Games in a timely manner, or at all, and the combined company's ability to realize the anticipated benefits and synergies of the transaction to the extent, or in the timeframe, anticipated, and the other factors identified in the risk factors section of Activision Blizzard's most recent annual report on Form 10-K and any subsequent quarterly reports on Form 10-Q. The forward-looking statements in this release are based upon information available to Activision Publishing and Activision Blizzard as of the date of this release, and neither Activision Publishing nor Activision Blizzard assumes any obligation to update any such forward-looking statements. Forward-looking statements believed to be true when made may ultimately prove to be incorrect. These statements are not guarantees of the future performance of Activision Publishing or Activision Blizzard and are subject to risks, uncertainties and other factors, some of which are beyond its control and may cause actual results to differ materially from current expectations.

A(C) 2009 Activision Publishing, Inc. Guitar Hero and Activision are registered trademarks and Band Hero is a trademark of Activision Publishing, Inc. All other trademarks and trade names are the properties of their respective owners. All rights reserved.

"PlayStation" is a registered trademark of Sony Computer Entertainment America Inc. Microsoft, Xbox, Xbox 360, Xbox LIVE, and the Xbox logos are trademarks of the Microsoft group of companies. Wii and Nintendo DS are trademarks of Nintendo.

SOURCE Activision Publishing, Inc.

http://www.activision.com

For the three months ended September 30, 2009, the company reported a net loss of $5.6 million, or $0.08 per share, compared with a net loss of $115.3 million, or $1.73 per share, in the prior-year period. On a non-GAAP basis, for the three months ended September 30, 2009, the company reported a net loss of $25.2 million, or $0.37 per share, compared with a net loss of $30.4 million, or $0.46 per share, in the same quarter a year ago.

A reconciliation of non-GAAP to GAAP results is provided in the accompanying financial tables.

"THQ is now operating as a more focused, more efficient company," said Brian Farrell, THQ's president and CEO. "We continue to deliver highly rated hit titles such as UFC 2009 Undisputed and WWE SmackDown vs. Raw 2010. We believe we are well positioned this holiday with our strong mass-market line-up led by the highly rated WWE SmackDown vs. Raw 2010, and the latest version of our multi-million unit franchise MX vs. ATV Reflex. In addition, we have positioned THQ to take a leading role in emerging online platforms in Asia and the US."

In July 2009, THQ prevailed in arbitration and in August 2009, THQ reached a settlement with JAKKS Pacific, which established a 40% lower preferred return payment rate owed to JAKKS Pacific for video games sold under the WWE license from July 1, 2006 through December 31, 2009. Pursuant to the terms of the settlement agreement, the company paid $32.8 million of accrued venture partner expense to JAKKS Pacific for the period of July 1, 2006 through March 31, 2009. Also related to the settlement, the company reported a one-time benefit of $24.2 million in its GAAP financial results for the fiscal 2010 second quarter ending September 30, 2009.

Fiscal 2010 Second Quarter Highlights and Recent Developments

-- THQ gained market share for the first nine months of calendar 2009, ranking as the #3 independent publisher in the US(1) with a 5.4% share and the #4 independent publisher in Europe(2) with a 4.5% share

-- UFC(R) 2009 Undisputed(TM) is a top-five best selling Xbox 360(R) and PlayStation(R)3 game for the first nine months of calendar 2009, according to NPD

-- THQ strengthened its balance sheet with the issuance of $100 million of 5.00% convertible senior notes maturing in August 2014

-- THQ advanced its online games strategy with the: -- launch of Dragonica(TM) Online in North America;

-- launch of the public beta version of Company of Heroes(R) Online in China with Shanda Games; and

-- new partnership with Windysoft to bring Company of Heroes Online to South Korea

-- THQ appointed Edward L. Kaufman as Executive Vice President of Business and Legal Affairs, and Corporate Secretary

(1)Source: The NPD Group
(2)Source: Chart-Track and GfK

Business Outlook

Fiscal Year Ending March 31, 2010

The company reaffirmed its expectation to report fiscal 2010 net sales higher than those reported in fiscal 2009, and to achieve profitability for fiscal 2010, on a non-GAAP basis. The full year non-GAAP outlook excludes the one-time benefit of $24.2 million from the JAKKS settlement.

The company reaffirmed its expectation that its fiscal 2010 year-end cash balance will be at least $50 million higher than at the end of fiscal 2009, excluding the $32.8 million settlement payment to JAKKS Pacific and the net proceeds from the $100 million convertible senior note offering.

Fiscal 2010 Second Half Net Sales

The company expects to report fiscal 2010 second half net sales similar to last year's second half, with fiscal 2010 third quarter net sales that are approximately 5-10% below the same period last year, and a stronger fiscal 2010 fourth quarter than the prior-year quarter.

Pursuant to THQ's product strategy, key releases scheduled for the third and fourth quarters of fiscal 2010 include:

Fiscal Third Quarter
Core Games                                       Platforms
WWE(R) SmackDown(R) vs. Raw(R) 2010              Xbox 360, PlayStation 3, Wii(TM), Nintendo DS(TM),
                                                 PlayStation(R)2, PSP(R)
MX vs. ATV(TM) Reflex                            Xbox 360, PlayStation 3, Nintendo DS, PSP
Kids, Family and Casual Games
All Star Cheer Squad(TM) 2                       Wii
Disneya-Pixar's Cars Race-O-Rama                 Xbox 360, PlayStation 3, Wii, Nintendo DS, PlayStation 2, PSP
Drawn to Life(R): The Next Chapter(TM)           Wii, Nintendo DS
Marvel(R) Super Hero Squad(TM)                   Wii, Nintendo DS, PlayStation 2, PSP
SpongeBob Truth or Square                        Xbox 360, Wii, Nintendo DS, PSP
The Biggest Loser                                Wii, Nintendo DS
World of Zoo(TM)                                 Wii, Nintendo DS, Windows PC
Online
Company of Heroes Online                         Online
Dragonica Online                                 Online
Fiscal Fourth Quarter
Core Games                                       Platforms
Darksiders(TM)                                   Xbox 360, PlayStation 3
Metro 2033(TM)                                   Xbox 360, Windows PC
Warhammer(R) 40,000(TM): Dawn of War(TM) II -    Windows PC
Chaos Rising(TM)

Non-GAAP Financial Measures

In addition to results determined in accordance with GAAP, the company discloses certain non-GAAP financial measures that exclude the following:

-- stock-based compensation expense,

-- the impact of deferred revenue and related costs,

-- business realignment expense,

-- other-than-temporary impairment on investments and any subsequent realized gains on those investments, and mark-to-market adjustments on trading Auction Rate Securities,

-- other material non-recurring charges and benefits, and

-- related income tax effects for each of these items.

Beginning in fiscal 2010, for non-GAAP purposes, the company has adopted a fixed, long-term projected tax rate of 15% to evaluate its operating performance, as well as to forecast, plan and analyze future periods.

THQ may consider whether other significant non-recurring items that arise in the future should also be excluded in calculating the non-GAAP financial measures it uses.

The company excludes these expenses from its non-GAAP financial measures primarily because its management does not believe they reflect the company's core business, ongoing operating results or future outlook. THQ's management believes that the use of non-GAAP financial measures provides meaningful supplemental information regarding its financial condition and results of operations, and helps investors compare actual results to its long-term operating goals as well as to its performance in prior periods. The non-GAAP financial measures included in the earnings release have been reconciled to the comparable GAAP results in the accompanying tables, and should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, GAAP results.

In addition to the reasons stated above, which are generally applicable to each of the items THQ excludes from its non-GAAP financial measures, the company's management uses certain of the non-GAAP financial measures for the following reasons:

Stock-Based Compensation. THQ does not consider stock-based compensation charges when evaluating the performance of its business or formulating its operating plans. Stock-based compensation charges are subject to significant fluctuation outside the control of management due to the variables used to estimate the fair value of a share-based payment, such as THQ's stock price, interest rates and the volatility of the company's stock price. Further, when considering the impact of equity award grants, THQ places a greater emphasis on the use of such grants as retention tools for long-term stockholder value creation, as well as overall stockholder dilution, rather than the accounting charges associated with such grants.

Deferred Revenue/Costs. Beginning in fiscal 2008, the company began recognizing the revenue and related costs from the sale of certain titles for which the online service is determined to be a deliverable over the estimated online service period. Although the company defers the recognition of its net revenue and costs with respect to these titles, there is no adverse impact to its operating cash flow. Internally, THQ's management excludes the impact of deferred net revenue and costs related to packaged games when evaluating the company's operating performance, when planning, forecasting and analyzing future periods, and when assessing the performance of its management team. The company believes that excluding the impact of deferred net revenue and related costs from its non-GAAP financial measures is important to facilitate comparisons to prior periods when the company did not defer the recognition of such amounts.

Business Realignment Expense. Although THQ has incurred business realignment expenses in the past, each charge has been a discrete, extraordinary event based on a unique set of business objectives. The company does not engage in business realignments on a regular basis or in the ordinary course of business. As such, the company believes it is appropriate to exclude these expenses from its non-GAAP financial measures.

Investor Conference Call

THQ will host a conference call to discuss fiscal 2010 second quarter results today at 2:00 p.m. Pacific/5:00 p.m. Eastern. Please dial 877.356.8075 domestic or 706.902.0203 international, conference ID 36220855 to listen to the call or visit the THQ Inc. Investor Relations Home page at http://investor.thq.com. The online archive of the broadcast will be available approximately two hours after the live call ends. In addition, a telephonic replay of the conference call will be provided approximately two hours after the live call ends through November 6, 2009, by dialing 800.642.1687, domestic, or 706.645.9291, international, conference ID 36220855.

About THQ

THQ Inc. (NASDAQ: THQI) is a leading worldwide developer and publisher of interactive entertainment software. Headquartered in Los Angeles County, California, THQ sells product through its global network of offices located throughout North America, Europe and Asia Pacific. More information about THQ and its products may be found at www.thq.com and www.thqwireless.com. THQ, All Star Cheer Squad 2, Company of Heroes, Darksiders, Drawn to Life: The Next Chapter, MX vs. ATV Reflex, World of Zoo and their respective logos are trademarks and/or registered trademarks of THQ Inc.

Microsoft, Xbox, Xbox 360, Xbox Live, the Xbox logos, and the Xbox Live logo are either registered trademarks or trademarks of Microsoft Corporation in the U.S. and/or other countries.

"PlayStation", "PS" Family logo and "PSP" are registered trademarks of Sony Computer Entertainment Inc.

Wii and Nintendo DS are trademarks of Nintendo.

All other trademarks are property of their respective owners.

This press release contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, the company's expectations for the fiscal third quarter ending December 31, 2009, and the fiscal fourth quarter and year ending March 31, 2010, and for the company's product releases in future periods. These forward-looking statements are based on current expectations, estimates and projections about the business of THQ Inc. and its subsidiaries (collectively referred to as "THQ") and are based upon management's beliefs and certain assumptions made by management. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to, economic, competitive and technological factors affecting the operations, markets, products, services and pricing of THQ, and our ability to successfully implement our cost reduction plans. Unless otherwise required by law, THQ disclaims any obligation to update its view on any such risks or uncertainties or to revise or publicly release the results of any revision to these forward-looking statements. Readers should carefully review the risk factors and the information that could materially affect THQ's financial results, described in other documents that THQ files from time to time with the Securities and Exchange Commission, including its Quarterly Reports on Form 10-Q and its Annual Report on Form 10-K for the fiscal period ended March 31, 2009, and particularly the discussion of risk factors that may affect results of operations set forth therein. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

THQ Inc. and Subsidiaries
Unaudited Consolidated Statements of Operations
(in thousands, except per share data)
                                                                 Three Months Ended                 Six Months Ended
                                                                 September 30,                      September 30,
                                                                 2009            2008               2009            2008
Net sales                                                        $   101,290     $   164,816        $   344,791     $   302,394
Cost of sales:
Product costs                                                        38,975          76,038             118,904         136,046
Software amortization and royalties                                  24,191          39,512             69,227          66,512
License amortization and royalties                                   14,619          20,007             45,915          32,931
Venture partner expense                                              (23,668 )       899                (22,425 )       2,354
Total cost of sales                                                  54,117          136,456            211,621         237,843
Gross profit                                                         47,173          28,360             133,170         64,551
Operating expenses:
Product development                                                  19,304          23,231             41,462          56,780
Selling and marketing                                                19,028          43,124             57,471          72,175
General and administrative                                           14,055          16,971             30,633          36,574
Restructuring                                                        870             --                 2,522           --
Total operating expenses                                             53,257          83,326             132,088         165,529
Operating income (loss)                                              (6,084  )       (54,966  )         1,082           (100,978 )
Interest and other income, net                                       290             (2,438   )         349             56
Income (loss) from continuing operations before income taxes         (5,794  )       (57,404  )         1,431           (100,922 )
Income taxes                                                         154             57,892             1,154           43,640
Income (loss) from continuing operations                             (5,948  )       (115,296 )         277             (144,562 )
Gain on sale of discontinued operations, net of tax                  --              --                 --              2,042
Net income (loss) prior to allocation of noncontrolling interest     (5,948  )       (115,296 )         277             (142,520 )
Loss attributable to noncontrolling interest                         378             36                 562             36
Net income (loss) attributable to THQ Inc.                       $   (5,570  )   $   (115,260 )     $   839         $   (142,484 )
Earnings (loss) per share attributable to THQ Inc. - basic:
Continuing operations (1)                                        $   (0.08   )   $   (1.73    )     $   0.01        $   (2.17    )
Discontinued operations                                              --              --                 --              0.03
Earnings (loss) per share - basic                                $   (0.08   )   $   (1.73    )     $   0.01        $   (2.14    )
Earnings (loss) per share attributable to THQ Inc. - diluted:
Continuing operations (1)                                        $   (0.08   )   $   (1.73    )     $   0.01        $   (2.17    )
Discontinued operations                                              --              --                 --              0.03
Earnings (loss) per share - diluted                              $   (0.08   )   $   (1.73    )     $   0.01        $   (2.14    )
Shares used in per share calculation - basic                         67,462          66,757             67,466          66,655
Shares used in per share calculation - diluted                       67,462          66,757             67,745          66,655

(1) Based on amounts attributable to THQ Inc. (i.e.,
subsequent to the allocation of noncontrolling interest).

THQ Inc. and Subsidiaries
Reconciliation of GAAP Net income (loss) to Non-GAAP Net income
(loss) (a)
(in thousands, except per share data)
                                                              Three Months Ended                 Six Months Ended
                                                              September 30,                      September 30,
                                                              2009            2008               2009            2008
Net sales                                                     $   101,290     $   164,816        $   344,791     $   302,394
Changes in deferred net revenue                                   (909    )       (13,192  )         (10,511 )       (29,696  )
Non-GAAP net sales                                            $   100,381     $   151,624        $   334,280     $   272,698
                                                              Three Months Ended                 Six Months Ended
                                                              September 30,                      September 30,
                                                              2009            2008               2009            2008
Operating income (loss)                                       $   (6,084  )   $   (54,966  )     $   1,082       $   (100,978 )
Non-GAAP adjustments affecting operating income (loss)
JAKKS preferred return rate reduction (b)                         (24,221 )       --                 (24,221 )       --
Changes in deferred net revenue                                   (909    )       (13,192  )         (10,511 )       (29,696  )
Change in deferred cost of sales (c)                              102             9,433              5,281           20,030
Business realignment expenses (c)                                 352             669                2,828           4,196
Stock-based compensation and related costs (c)                    768             4,534              3,702           8,856
Total non-GAAP adjustments affecting operating income (loss)      (23,908 )       1,444              (22,921 )       3,386
Non-GAAP operating loss                                       $   (29,992 )   $   (53,522  )     $   (21,839 )   $   (97,592  )
                                                              Three Months Ended                 Six Months Ended
                                                              September 30,                      September 30,
                                                              2009            2008               2009            2008
Net income (loss) attributable to THQ Inc.                    $   (5,570  )   $   (115,260 )     $   839         $   (142,484 )
Non-GAAP adjustments:
Non-GAAP adjustments affecting operating income (loss)            (23,908 )       1,444              (22,921 )       3,386
Gain on sale of investments (d)                                   (152    )       --                 (640    )       --
Other-than-temporary impairment on investments                    --              4,561              --              4,561
Mark-to-market on trading Auction Rate Securities (e)             (234    )       --                 (95     )       --
Interest and other income, net                                    (63     )       --                 (63     )       --
Deferred tax asset valuation allowance and related tax            --              80,520             --              80,520
Income tax adjustments (f)                                        4,678           (1,705   )         4,498           (1,823   )
Non-GAAP net loss                                             $   (25,249 )   $   (30,440  )     $   (18,382 )   $   (55,840  )
Non-GAAP net loss per share - diluted                         $   (0.37   )   $   (0.46    )     $   (0.27   )   $   (0.84    )

Notes:

(a) See explanation above regarding the Company's practice on
reporting non-GAAP financial measures.
(b) Represents the one-time reduction in accrued joint venture
partner expense resulting from the settlement of the preferred
return rate with JAKKS Pacific.
(c) See table below for further detail related to income statement
classification of these adjustments.
(d) Realized gains on sales of investments to the extent we had
previously excluded a related other-than-temporary impairment from
non-GAAP amounts.
(e) Mark-to-market adjustment related to unrealized gains on trading
Auction Rate Securities (ARS), partially offset by related
unrealized losses on a put option received in connection with the
ARS. This amount is recorded in "Interest and other income, net."
(f) On April 1, 2009, the Company adopted a fixed, long-term
projected tax rate of 15% for the purposes of evaluating its
operating performance, and to forecast, plan and analyze future
periods.

The following table provides further detail on the income statement classification of certain non-GAAP adjustments that impact cost and expenses:

                                                         Three Months Ended        Six Months Ended
                                                         September 30,             September 30,
                                                         2009         2008         2009          2008
Change in deferred cost of sales:
Change in deferred product costs                         $   (51  )   $   3,366    $   2,693     $   7,268
Change in deferred software amortization and royalties       153          6,067        2,588         12,762
Total change in deferred cost of sales                   $   102      $   9,433    $   5,281     $   20,030
Stock-based compensation and related costs:
Cost of sales - software amortization and royalties (a)  $   830      $   1,152    $   1,367     $   1,728
Product development (a)                                      (265 )       724          322           1,872
Selling and marketing (a)                                    (33  )       866          64            1,681
General and administrative (a)                               236          1,792        1,949         3,575
Total stock-based compensation and related costs         $   768      $   4,534    $   3,702     $   8,856
Business realignment expenses:
Product development                                      $   (508 )   $   669      $   (253  )   $   4,196
Selling and marketing                                        4            --           497           --
General and administrative                                   (14  )       --           62            --
Restructuring                                                870          --           2,522         --
Total realignment expenses                               $   352      $   669      $   2,828     $   4,196

Notes:

(a) Stock-based compensation expense is net of the impact of the reversal of a portion of payroll tax accruals established in fiscal 2007 during our historical stock option grant investigation.

THQ Inc. and Subsidiaries
Unaudited Consolidated Balance Sheets
(in thousands)
                                                  September 30,     March 31,
                                                  2009              2009
ASSETS
Cash, cash equivalents and short-term investments $      208,920    $    140,662
Short-term investments, pledged                   27,786            --
Accounts receivable, net of allowances            7,321             60,444
Inventory                                         40,443            25,785
Licenses                                          25,816            45,025
Software development                              142,930           137,820
Deferred income tax                               7,234             6,112
Income taxes receivable                           5,315             903
Prepaid expenses and other current assets         46,703            27,441
Total current assets                              512,468           444,192
Property and equipment, net                       30,071            33,511
Licenses, net of current portion                  36,748            47,875
Software development, net of current portion      48,313            24,647
Deferred income taxes                             1,982             1,982
Long-term investments                             1,852             5,025
Long-term investments, pledged                    --                30,618
Other long-term assets, net                       14,317            10,479
TOTAL ASSETS                                      $      645,751    $    598,329
LIABILITIES AND EQUITY
Accounts payable                                  $      44,355     $    40,088
Accrued and other current liabilities             126,577           190,140
Secured credit lines                              18,419            24,360
Total current liabilities                         189,351           254,588
Convertible senior notes                          100,000           --
Other long-term liabilities                       21,852            33,503
Total liabilities                                 311,203           288,091
Total THQ Inc. stockholders' equity               331,912           307,040
Noncontrolling interest                           2,636             3,198
Total equity                                      334,548           310,238
TOTAL LIABILITIES AND EQUITY                      $      645,751    $    598,329

THQ Inc. and Subsidiaries
Unaudited Supplemental Financial Information
(in thousands)
                           Three Months Ended GAAP                           Six Months Ended GAAP
                           September 30, 2009      September 30, 2008        September 30, 2009      September 30, 2008
Platform Revenue Mix
Consoles
Microsoft Xbox 360         $   21,698   21.4  %    $   19,978   12.1  %      $   119,152  34.5  %    $   40,107   13.3  %
Nintendo Wii                   9,359    9.2            30,504   18.5             22,652   6.6            53,808   17.8
Sony PlayStation 3             17,467   17.3           11,622   7.1              95,734   27.8           18,275   6.1
Sony PlayStation 2             8,189    8.1            13,836   8.4              14,890   4.3            33,688   11.1
Other                          --       --             62       a"EUR            5        a"EUR          115      a"EUR
                               56,713   56.0           76,002   46.1             252,433  73.2           145,993  48.3
Handheld
Nintendo Dual Screen           19,842   19.6           48,585   29.5             39,862   11.6           75,875   25.1
Sony PlayStation Portable      7,585    7.5            11,233   6.8              12,618   3.7            21,613   7.1
Wireless                       2,779    2.7            6,231    3.8              6,974    2.0            11,378   3.8
Other                          --       --             1,511    0.9              --       a"EUR          3,130    1.0
                               30,206   29.8           67,560   41.0             59,454   17.3           111,996  37.0
PC                             14,371   14.2           21,254   12.9             32,904   9.5            44,405   14.7
Total Net Sales            $   101,290  100.0 %    $   164,816  100.0 %      $   344,791  100.0 %    $   302,394  100.0 %
Geographic Revenue Mix
Domestic                   $   56,471   55.8  %    $   76,502   46.4  %      $   218,785  63.5  %    $   151,352  50.1  %
Foreign                        44,819   44.2           88,314   53.6             126,006  36.5           151,042  49.9
Total Net Sales            $   101,290  100.0 %    $   164,816  100.0 %      $   344,791  100.0 %    $   302,394  100.0 %

                           Three Months Ended Non-GAAP                       Six Months Ended Non-GAAP
                           September 30, 2009      September 30, 2008        September 30, 2009      September 30, 2008
Platform Revenue Mix
Consoles
Microsoft Xbox 360         $   21,634   21.5  %    $   10,016   6.6   %      $   119,104  35.6  %    $   17,537   6.4   %
Nintendo Wii                   9,359    9.3            30,504   20.1             22,652   6.8            53,808   19.7
Sony PlayStation 3             17,364   17.3           11,622   7.7              87,520   26.2           18,275   6.7
Sony PlayStation 2             8,190    8.2            13,836   9.1              14,891   4.4            33,688   12.4
Other                          --       --             62       0.1              5        --             115      0.1
                               56,547   56.3           66,040   43.6             244,172  73.0           123,423  45.3
Handheld
Nintendo Dual Screen           19,842   19.8           48,585   32.0             39,862   11.9           75,875   27.8
Sony PlayStation Portable      7,585    7.5            11,233   7.4              12,618   3.8            21,613   7.9
Wireless                       2,779    2.8            6,231    4.1              6,974    2.1            11,378   4.2
Other                          --       --             1,511    1.0              --       --             3,130    1.1
                               30,206   30.1           67,560   44.5             59,454   17.8           111,996  41.0
PC                             13,628   13.6           18,024   11.9             30,654   9.2            37,279   13.7
Total Net Sales            $   100,381  100.0 %    $   151,624  100.0 %      $   334,280  100.0 %    $   272,698  100.0 %
Geographic Revenue Mix
Domestic                   $   55,455   55.2  %    $   69,272   45.7  %      $   214,262  64.1  %    $   136,379  50.0  %
Foreign                        44,926   44.8           82,352   54.3             120,018  35.9           136,319  50.0
Total Net Sales            $   100,381  100.0 %    $   151,624  100.0 %      $   334,280  100.0 %    $   272,698  100.0 %

SOURCE: THQ Inc.

THQ/Investor & Media Relations 
Julie MacMedan, 818-871-5125