Mark Androvich
23:45 (BST)
10/12/2007
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Atari settles Dragon Ball Z dispute
$3.5 million payment settles dispute
Atari has announced that it has settled its dispute with FUNimation Productions related to the licensing of the Dragon Ball Z franchise.
As previously reported, FUNimation served Atari with a notice to terminate the license based on alleged breaches of their licensing agreement.
Atari settled the matter for USD 3.5 million, consisting of a cash payment of approximately USD 2.7 million and an USD 0.8 million reduction in the amount of recoupable royalty advance.
"With this dispute behind Atari Inc., we look forward to continuing our relationship with FUNimation and continuing to deliver to our consumers exciting products from the Dragon Ball Z franchise," said Atari's chief restructuring officer Curtis G. Solavig.
Atari has just recently released Dragon Ball Z: Budokai Tenkaichi 3 for the Wii and PlayStation 2. The company earned USD 85 million on the Dragon Ball Z franchise in fiscal 2005.
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