05 May

Founder of publisher THQ, co-founder of Jakks Pacific, and 50 year video game and toy industry veteran Jack Friedman died at the age of 70 today; no cause of death was released. Founding the latter company after already establishing successful partnerships with the WWE, Disney/Pixar and Games Workshop, Friedman stepped down from his Chairmen and CEO of Jakks Pacific only last month to spend more time with his family. Friedman had established a reputation as a philanthropist, supporting charities like the “Jakks Care Program,” responsible for over $40 million in donations to organizations like the Boys and Girls Club of America.

“Jack was a legendary toymaker and a real titan in our industry,” says Jakks CEO Stephen Berman. “He dedicated his talents to Jakks Pacific for 15 years, and he will be sorely missed. On behalf of all Jakks employees, we send our sincere condolences to his wife Karen and his children for their loss.”

“We are greatly saddened by the passing of Jack Friedman.” said a statement from the Jakks board of directors, “He was a visionary leader who guided the Company with wisdom and keen judgment. Toys were his passion, and his legacy will live on in Jakks Pacific. We extend our sympathies to his family.”