When license agreements turn sour, you know what's coming next. For World Wrestling Entertainment, THQ, and Jakks Pacific, the result is a Triple Threat matchup between the three companies, jockeying for position over the WWE Smackdown vs. Raw franchise.

Coming soon to the Xbox 360, PS3, Wii, PSP, and DS is WWE Smackdown vs. Raw 2010 with the announcement made by THQ at E3 earlier. THQ's widely popular WWE SmackDown vs. Raw franchise lives on in another title so WWE fans can continue bringing some real pain to the fictional superstars of the game.

A rumor spread a few days ago that THQ finally folded after months of struggling to keep above water. The rumor was wrong, but from the looks of it, it probably won't be long before it becomes true. Their latest financial numbers show a US$ 192 million loss, and the Saints Row publisher is now planning to reduce their headcount by 600.

Earlier today, a source close to THQ confirmed to N-Europe that the game studio is actually shutting down. Apparently, the staff has already been informed just today of THQ's "imminent closure."

*Update* THQ says the cake is a lie and they're still alive.

RAWR. The analysts in Cowen and Company are projecting that THQ may have a hard time breaking even this year. And why is that? It looks like some of THQ's franchises, namely WWE, Saints Row, and even Spongebob are heading down for Bikini Bottom. That's quite a blow, considering that their franchises have been released across the current gen platforms and handhelds!

Big WWE Smackdown vs. Raw 2009 (Xbox 360, PS3, PSP, Wii, DS) news. A little over a month after we posted an article about THQ's plan to release a patch that'll give your custom superstars an attribute boost, it's now ready and up and running. The plan  was to release the patch before the end of January, so yes, they managed to meet that target on time. More in the full article.

Did you think Amazon was going to leave you (and your wallet) to slog through the press of holiday shoppers at your local retail stores? Hardly. The full article contains the list of goodies available for Amazon's Black Friday Sale.

Love to create superstars but hate the pathetic 30 overall rating? This'll fix your troubles. Instead of having to play Career Mode over and over for attribute points, THQ is planning a patch for WWE Smackdown vs. Raw 2009 (Xbox 360, PS3, PSP, Wii, DS) that'll solve all your attribute woes.

It's not quite the holiday seasons yet, but it looks like the Xbox 360 got an early hit in against the PlayStation 3. Gears of War 2 debuted at the top of the UK's software charts, getting the one-up against LittleBigPlanet, which also debuted in the same week.

More after the link.

THQ and JAKKS Pacific have announced the cover wrestlers for WWE Smackdown vs. Raw 2009 (Microsoft Xbox 360, Sony PlayStation 3, PlayStation Portable, Nintendo Wii, DS). They're none other than D-Generation X founding members Shawn Michaels and Triple H. Find out why and read other fun stuff about the two in the full article ahead.