The all-inclusive relationship grants THQ rights to all classic, TV and film versions of each of the properties for every viable game system including those manufactured by Sony, Nintendo and Microsoft, as well as PC through 2007.

The two companies also announced they will collaborate on the upcoming comic series, "The Call." Based on the adventures of real-life heroes in New York City, "The Call" may feature many of the most popular characters in the Marvel Universe such as "Spider-Man" and the "X-Men." "The Call" is scheduled to make its comic debut in fall of 2003 followed by an interactive debut in spring of 2004.

"Working with Marvel not only on rich properties like 'The Punisher' but in jointly creating a brand-new property like 'The Call' is a huge win for THQ as we continue to execute on our strategy of bringing the best gaming content to market," stated Germaine Gioia, vice president, licensing, THQ. "THQ looks forward to tapping into the essence of these characters from their comic book roots and creating true digital experiences that reflect Marvel's future plans for the franchises."

"Marvel is looking forward to a true partnership," said Bill Jemas, President and COO, Marvel Enterprises, Inc. "THQ's top developers will work closely with Marvel's best creators to produce the most exciting games on the market. We are especially excited about jointly developing 'The Call' -- an all-new property about real-world heroism."

Jemas added, "The interactive category has become a cornerstone of property development, and we feel very fortunate to be working with a company that knows how to build a property and bring it to the mass audience."

"This deal has come together during an especially exciting time for these Marvel brands," stated Russ Brown, Executive Vice President, Marvel Enterprises, Inc. "Rolling Stone just declared 'Nick Fury' the 'certified cool' comic book of 2001, 'The Punisher' has been outselling 'Batman' ever since its 2000 re-launch and, based on initial orders from comic shops, 'Captain America' will be the top-selling comic in America this May -- right in the middle of the 'Spider-Man' movie hype."

The first game under the new agreement is "The Punisher" (working title) scheduled for release holiday 2003. For more information about other THQ initiatives and future product releases, visit www.thq.com.

About Marvel Enterprises, Inc.

With a library of over 4,700 proprietary characters, Marvel Enterprises, Inc. (NYSE:MVL - news) is one of the world's most prominent character-based entertainment companies. Marvel's operations are focused in five divisions: entertainment (Marvel Studios), licensing, toys (Toy Biz), comic book publishing and Internet/New Media. Marvel facilitates the creation of entertainment projects, including feature films, television, home video and the Internet, based on its characters and also licenses its characters for use in a wide range of consumer products and services including video and computer games, apparel, collectibles, snack foods and promotions. Marvel's characters and plot lines are created by its comic book division which continues to maintain a leadership position in the U.S. and worldwide while also serving as an invaluable source of intellectual property. For additional information visit the Marvel Web site at www.marvel.com.

About THQ Inc

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

This press release contains statements that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.