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CryptoLogic settles Marvel dispute, loses exclusivity

30th September 2010 7:42 am GMT

CryptoLogic Limited said Thursday that its wholly owned subsidiary WagerLogic has reached a settlement with Marvel relating to the licensing of Marvel comic book characters, agreeing to modify certain business terms of their license agreement including making the agreement ‘non-exclusive’. 

CryptoLogic had formally commenced arbitration proceedings in April of this year over claims that Marvel Enterprises Inc and Marvel Enterprises B.V l had committed material breaches of certain provisions of its agreement.

CryptoLogic said at the time that [...]

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