Atari Settles FUNimation Dispute and Confirms Restructuring Efforts

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Atari settled a dispute with FUNimation that might prevent it from releasing further Dragon Ball Z games and confirmed the progress of its restructuring efforts.
Atari has been battling it out with FUNimation over the Dragon Ball Z license. FUNimation argued that Atari had violated the license and argued that the agreement that allows Atari to make some of its most profitable games should be cancelled. To settle the dispute and renew the agreement, Atari has agreed to increase the payments due to FUNimation. Atari will pay FUNimation an additional $2.7 million in cash, and reduce the amount of the recoupable royalty advance paid to FUNimation by $0.8 million. Essentially, Atari has paid $3.5 million to settle things.

Atari also confirmed that it is on track implementing some of its previously announced restructuring efforts, largely terminating or revising its agreements with Infogrames, the majority owner of Atari.

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This page contains a single entry by Editor published on December 10, 2007 6:27 PM.

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