Entertainment Co. Scores $8M In 'Yu-Gi-Oh' Licensing Row

Law360, New York (March 2, 2012, 1:21 PM EST) -- 4Kids Entertainment Inc. told a New York bankruptcy judge on Thursday that it would receive $8 million to settle its claims in a dispute over licensing for the popular Japanese animated show “Yu-Gi-Oh!”

Brand management company 4Kids will receive $8 million, resolving its allegations that “Yu-Gi-Oh!” rights owners TV Tokyo and Asatsu-DK Inc. wrongfully terminated the licensing agreement between the three companies, as well as TV Tokyo and ADK's claims that 4Kids underpaid them in royalties by more than $4 million.

The settlement agreement recognizes that...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.