A settlement has been reached between 4Kids Entertainment, Asatsu-DK and TV Tokyo over the lawsuit relating to the Yu-Gi-Oh property.
It recognises that the Yu-Gi-Oh agreement among 4Kids, ADK and TV Tokyo is in full force and effect, with 4Kids continuing to serve as the exclusive licensing agent for merchandise, TV broadcast and home video rights for Yu-Gi-Oh throughout the world (outside of Asia).
The agreement does not constitute an admission by any party of any liability or fault, but rather reflects the decision by the parties 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."
Makoto Nakamura, CEO and president of Nihon Ad Systems, a subsidiary of ADK, added: "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. We are excited about the future of the Yu-Gi-Oh property both in the US and worldwide."