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Nice little Friday afternoon news dump… The #SeaKraken also announced they’ve settled their lawsuit for using the Metropolitans branding in their Winter Classic uniforms. https://t.co/mEiC0WHNtb
The Arena Group settles Sports Illustrated lawsuit against Authentic Brands Group https://t.co/gNAZpDrxWf
The Arena Group settled its lawsuit against Authentic Brands in April over Sports Illustrated licensing fees, said the size of the settlement is "not material" (@markstenberg3 / Adweek) https://t.co/mpHiAtuuBH https://t.co/o53Y9RnHDY
The Arena Group (TAG) and Authentic Brands Group (ABG) settled their $249 million lawsuit concerning the licensing fees and control of Sports Illustrated in late April. The legal dispute, which involved mutual claims over unpaid licensing fees, ended quietly with a settlement described as "not material" in size. This resolution marks the conclusion of a previously highly visible and contentious legal battle between the two companies. Separately, the Seattle Kraken announced they have also settled their lawsuit related to the use of the Metropolitans branding in their Winter Classic uniforms.
