LOS ANGELES (Reuters) - Video game publisher Activision Inc. (ATVI.O: Quote, Profile, Research) and media conglomerate Viacom Inc. (VIAb.N: Quote, Profile, Research) on Friday said they have settled their dispute over video games based on the "Star Trek" franchise. Both sides said all pending lawsuits related to the dispute have now been dismissed. Other terms of the settlement were not disclosed.
Activision sued Viacom in July 2003, claiming Viacom diminished the value of the "Star Trek" game license by not promoting the latest "Trek" series or making new "Trek" movies or TV shows.
Viacom countered at the time that the suit was just a ploy to renegotiate the license.
More details to come...