FOR IMMEDIATE RELEASE

THQ UNVEILS NEXT GENERATION VIDEO GAME LINE-UP FOR HOLIDAY 2001

In Depth Look at Line-up of PlayStation 2, Game Boy Advance and Xbox Games

New York, NY - August 7, 2001 - At a press event in New York today, THQ Inc. (NASDAQ NMS: THQI) is demonstrating its next generation game line-up for the 2001 holiday season. Featured titles include Dark Summit™, New Legends™ and MX 2002 featuring Ricky Carmichael for Xbox™, Red Faction™ for PC, and in conjunction with JAKKS Pacific, Inc. (NASDAQ NMS: JAKK), WWF SmackDown!™ “Just Bring It” for the PlayStation®2 computer entertainment system and WWF Raw Is War™ for Xbox. In addition, THQ is also demonstrating numerous Game Boy® Advance titles for Nintendo’s best selling new system.

“With an unprecedented three new gaming systems being introduced this year, we expect Sony, Nintendo and Microsoft to significantly expand the interactive entertainment business,” said Brian Farrell, president and CEO, THQ. “We have a great line-up of next generation products including four more PlayStation 2 titles, 14 games for Game Boy Advance and four titles for Xbox. We also have several Gamecube titles in development for release in early 2002.”

THQ’s next generation 2001 holiday lineup will include:

Dark Summit : Dark Summit is a completely unique video game experience that combines snowboarding action with an in depth story line and mission-based objectives. The game features a number of challenge-based objectives on massive runs, as players work to solve the mystery of Mt. Garrick. Dark Summit is scheduled for both PlayStation 2 and Xbox.

MX 2002 featuring Ricky Carmichael : The biggest extreme sport just got bigger! Players can race like a champion, pull amazing tricks and compete for rockstar status in freestyle mode or just cruise the open terrain. With 30 professional riders, authentic courses modeled from satellite data, and bikes which can be upgraded and fine tuned - it’s the complete motocross experience for the Xbox. MX 2002 featuring Ricky Carmichael is also currently available for PlayStation 2.

New Legends : New Legends combines intense action and high adventure with cinematic combat and an engaging story line set in a future China. Players will approach battle with the style and skill of a master martial artist, boasting the ability to wield two weapons at once while performing dramatic attacks and a selection of specialized moves. New Legends is scheduled to release exclusively on Xbox.

Red Faction : Red Faction revolutionizes the gaming world via its proprietary Geo-Mod™ technology that allows players to fully alter and destroy the game environment in real-time. Developed by THQ subsidiary, Volition, Inc., this action thriller for the PC features a sophisticated physics engine, five controllable vehicles and an in depth multi-player mode supporting up to 32 players online. Red Faction is also currently available for PlayStation 2.

WWF SmackDown! “Just Bring It” : Developed for the PlayStation 2 by Yuke’s of Japan, players will square off against more than 35 World Wrestling Federation Superstars in over 70 different matches, as the most electrifying show in sports-entertainment comes to life like never before. All-new matches, an enhanced story mode and even voiceover from Michael Cole and Tazz help make this one of the deepest World Wrestling Federation titles to date. From the opening Titontron entrance to the final bell, each Superstar comes to life with exquisite detail and true to life motion.

WWF Raw Is War : Created by Anchor, WWF Raw Is War for Xbox throws The Rock, Stone Cold Steve Austin, and 35 other superstars into gamers’ living rooms. With unsurpassed realism and amazing graphics, WWF Raw Is War captures the look and feel of the World Wrestling Federation with an authentic TV-style presentation. For the first time ever, opponents will be able to grab clothing, while announcers and audiences scatter as the action spills out of the ring and into the stands. It’s everything gamers have come to expect from the wildly popular spectacle that is the World Wrestling Federation.

About Xbox Xbox is Microsoft’s future-generation video game system that delivers new and unforseen gameplay experiences. With more than three times the graphics performance of the newest generation of game systems, Xbox unleashes game designers’ creativity to produce games that are challenging, exhilarating, surprising, and fun.

About JAKKS Pacific JAKKS Pacific is a multi-brand toy company that designs, develops, produces and markets toys and related products under various brand names (including Flying Colors®, Road Champs®, Remco®, Child Guidance®, Color Club®, and Pentech®) in multiple product categories, including: Wheels; Action Figures; Crafts/Activities/Stationery; Infant/Pre-School; Writing Instruments; Plush; and Dolls. The Company also participates in a joint venture that has exclusive worldwide rights to publish and market World Wrestling Federation® (WWF) video games. For more information, visit www.jakkspacific.com or www.jakkswwf.com.

About THQ THQ Inc. develops, publishes and distributes interactive entertainment software worldwide for a variety of hardware platforms including PC CD-ROM, wireless devices, and those manufactured by Sony, Nintendo and Microsoft. The THQ web site is located at www.thq.com.

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Xbox and Microsoft are trademarks of Microsoft Corp.

This press release contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates and projections about the Company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including, but not limited to, those described above and the following: changes in demand for the Company's products, product mix, the timing of customer orders and deliveries, the impact of competitive products and pricing and difficulties encountered in the integration of acquired businesses. In addition, such statements could be affected by growth rates and market conditions relating to the interactive software industry and general domestic and international economic conditions. Specific information concerning these and other such factors is contained in the Company's most recent report on Form 8-K, filed with the Securities Exchange Commission on November 13, 2000. A copy of this filing may be obtained by contacting the Company or the SEC. The forward-looking statements contained herein speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release.

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