May 30, 04:31 PM

The Arena Group and Authentic Brands Group Settle $249 Million Sports Illustrated Lawsuit in April with Nonmaterial Settlement

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.

#Arena Group #TAG #Authentic Brands Group #Sports Illustrated #Seattle Kraken #Metropolitans #Winter Classic

Written with ChatGPT (GPT-4).

Sources

Sound Of Hockey@sound_hockey
6 months ago
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
Awful Announcing@awfulannouncing
6 months ago
The Arena Group settles Sports Illustrated lawsuit against Authentic Brands Group https://t.co/gNAZpDrxWf
Mediagazer@mediagazer
6 months ago
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 and Authentic Brands Group Settle $249 Million Sports Illustrated Lawsuit in April with Nonmaterial Settlement

Sources

Additional media

Similar Stories