DVD Streaming Co. Settles Movie Studios' IP Suit For $2M

Law360, New York (October 28, 2011, 5:57 PM EDT) -- The operators of DVD-streaming service Zediva have agreed to pay six major movie studios $1.8 million and stop showing the studios' movies without permission to settle a California copyright infringement suit, the Motion Picture Association of America said Friday.

U.S. District Judge John F. Walter signed off on a permanent injunction against WTV Systems LLC, which operates as Zediva, WTV Systems Inc. and Zediva founder and CEO Venkatesh Srinivasan on Friday.

The ban on transmitting copyrighted works belonging to Warner Bros. Entertainment Inc. and five other...
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