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Viacom and Activision Settle Star Trek License Dispute on March 11, 2005.
Activision and Viacom seek amends and to work on future products.
New York, NY and Santa Monica, CA – March 11, 2005 -- Activision, Inc. (Nasdaq: ATVI), a leading developer, publisher and distributor of interactive entertainment software products, and Viacom Consumer Products Inc., today jointly announced that they have reached an agreement that settles their legal disputes regarding their license agreement for “Star Trek” video games. As a result of the settlement, all pending lawsuits filed by each party in the Superior Court in Los Angeles regarding this matter have been dismissed. All other terms of the settlement agreement will remain confidential.
Both companies said that they were very pleased to resolve the matter amicably and look forward to working together in the future on other projects.
About Viacom Consumer Products
Viacom Consumer Products Inc. is a part of Nickelodeon & Viacom Consumer Products (N&VCP). N&VCP manages the worldwide merchandise licensing, home video, music, book and interactive software businesses for Nickelodeon brands and characters as well as the properties of Comedy Central, Spike TV and MTV Networks International, as well as some non-Viacom properties. In addition, N&VCP manages the worldwide merchandise, interactive, book, and wireless licensing for Paramount Pictures properties. The N&VCP business represents over $4 billion in retail sales. N&VCP maintains office in New York, Los Angeles, Miami, London, and Singapore. Nickelodeon, MTV Networks, Comedy Central, and Spike TV are trademarks of Viacom International Inc.
About Activision, Inc.
Headquartered in Santa Monica, California, Activision, Inc. is a leading worldwide developer, publisher and distributor of interactive entertainment and leisure products. Founded in 1979, Activision posted net revenues of $948 million for the fiscal year ended March 31, 2004.
Activision maintains operations in the U.S., Canada, the United Kingdom, France, Germany, Italy, Japan, Australia, Scandinavia, Spain and the Netherlands. More information about Activision and its products can be found on the company's World Wide Web site, which is located at www.activision.com.
Source: Activision
Reported by Joseph Bennett. |
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