100°

Atari Settles FUNimation Dispute, Borrows Additional $4 Million

5
Atari has announced that it has settled its Dragon Ball Z dispute with anime distributor FUNimation for $3.5 million, also announcing that it has borrowed $4 million from investment company BlueBay, in addition to the $10 million in credit it secured in October, "to meet its holiday season financing needs."

Notice of the FUNimation dispute came in early November when an SEC filing disclosed that the anime distributor was set to "terminate the license agreements based on alleged breaches of the license agreements," holding back Atari's release of Dragon Ball Z: Budokai Tenkaichi for Wii and PS2.
Read Full Story >>   
gamasutra.com
Alternative Sources:
Atari settles Dragon Ball Z... - gamesindustry.biz | By: TnS
Atari Hangs On To Dragon Ba... - xbox360.ign.com | By: TnS
Atari settles North America... - mcvuk.com | By: TnS
Atari settles DBZ dispute - gamespot.com | By: TnS
TnS - supercontributor
Published: 730 days 20 hours ago | News | Wii | PlayStation 2 | Industry News
 
 

Showing: 0 - 0 of 0 Comments
Add Comment (Gamer Zone)
Gamer Zone Posting Guidelines
The Gamer Zone is for members who want a more friendly and civilized discussion. This section is heavily moderated by the N4G staff, so leave your fanboyism at the door please. Members who are unable to behave in a mature and respectful manner will be temporarily or permanently restricted from posting in the Gamer Zone. Using words such as Xbots and Sony droids, or other words from the console war vocabulary, is strictly prohibited in this Zone.
Read More...
 
 
You must log in to post comments.
Username:  
Password:  
 
 
About N4G
N4G is a social game news site that covers the game industry 24 hours a day, 7 days a week.
More Info... | Submit News