background img

The New Stuff

3852 Views

4Kids and TV Tokyo Finally Settle Dispute Over Yu-Gi-Oh License


4Kids and TV Tokyo Finally Settle Dispute Over Yu-Gi-Oh License

Global Children’s Entertainment and Merchandise Licensing company 4Kids Entertainment, Inc., and Asatsu DK Inc and TV Tokyo have jointly announced that they have finally reached a settlement of the lawsuit ADK and TV Tokyo originally brought against 4Kids regarding the license of the Yu-Gi-Oh! Property.

The lawsuit was originally filed against 4Kids last year after TV Tokyo (licensors of the Yu-Gi-Oh! Property) conducted an audit on 4Kids’ Yu-Gi-Oh! business per their licensing agreement, and accused 4Kids of “wrongful deductions, underpayments, and unmet obligations,” stating that the company owes them US$4,792,460.36.

The settlement agreement between 4Kids, ADK, and TV Tokyo means that 4Kids will continue as the exclusive licensing agent for TV broadcast, home video, and merchandise for the Yu-Gi-Oh! property throughout the world outside of Asia.

What’s worth nothing about the settlement is that it does not constitute an admission by any party of any fault or liability. It only came about as all the parties agreed to work together amicably for the continued success of the Yu-Gi-Oh! Property.

“We are very pleased that the Yu-Gi-Oh! litigation has been settled,” said Michael Goldstein, interim Chairman of 4Kids. “We are looking forward to continuing to work with our long-standing partners ADK, TV Tokyo, Shueisha and Konami on the Yu-Gi-Oh! brand and on the new Yu-Gi-Oh! television series,Zexal.”

“The settlement of the litigation enables the Yu-Gi-Oh! Consortium and its partner 4Kids to focus all of their energy on the Yu-Gi-Oh! brand,” said Makoto Nakamura, CEO and President of Nihon Ad Systems, a subsidiary of ADK. “We are excited about the future of the Yu-Gi-Oh! property both in the US and worldwide.”


Neil Raymundo

A cowardly and treacherous Toonbarn blogger who can transform into a McDonnell Douglas F-15 Eagle. Secretly wants to replace Toonbarn Rob as leader of the Decepticons.

Recently Published

disney
»

Jerry Jones and Adventure Time: The reasons why fans feel off about Cartoons the last several years…

What does Jerry Jones, the owner of The Dallas Cowboys, one of the ...

»

Netflix launches new Pucca: Love Recipe animated series

Streaming giant Netflix added the new CG-animated Pucca: Love Recipe ...

»

Toys reveal first look at new Chinese Transformers animated series

These Autobots have definitely been hiding, though not necessarily in ...

»

Spookley the Square Pumpkin returns with new TV special after 15 years

The 2004 CG-animated movie Spookley the Square Pumpkin is getting a ...

»

Bakugan Battle Planet brawls into second season

Bakugan is standing tall, like an awesome one. Spin Master’s ...

»

Cartoon Network Asia adds Time Bokan 24

WarnerMedia’s Cartoon Network channels in Asia are adding a ...

fast & furious: spy racers
»

Fast & Furious Franchise Gets a Cartoon Spin-Off

Vin Diesel’s massively successful Fast & Furious franchise ...

»

Batman Beyond 20th Anniversary Interviews from NYCC & SDCC – Part 2

Yesterday, we shared our first half of interviews from New York ...

»

Batman Beyond: The Complete Animated Series Limited Edition

Batman Beyond, the landmark animated television series that ...

Skip to toolbar