Beyonce settles $100 million lawsuit

New York, June 16 (IANS) Grammy award winning singer Beyoncé Knowles has settled a $100 million lawsuit with videogame company Gate Five for allegedly backing out of a deal to create her own motion-capture dance game called - Starpower: Beyoncé.

Jun 16 2013, 6:48am CDT | by

Beyonce settles $100 million lawsuit
Photo Credit: Christopher Polk, Getty Images

New York, June 16 — Grammy award winning singer Beyoncé Knowles has settled a $100 million lawsuit with videogame company Gate Five for allegedly backing out of a deal to create her own motion-capture dance game called - Starpower: Beyoncé.

The 31-year-old singer has reached an agreement with the videogame company.

Lawyers for both sides signed an agreement dismissing "all claims or counterclaims" without legal fees and filed the papers in Manhattan Supreme Court here Friday, reports femalefirst.co.uk.

The gaming company's lawyer Peter Gallagher told the New York Post's Page Six: "We've settled amicably. I can't discuss the terms of the settlement, but it was resolved."

The singer reportedly dropped out of the deal last winter because she claimed that Gate Five had not secured the funding they had promised.

The company countered that the Grammy-winner, who has a 17-month-old daughter, Blue Ivy, with her rapper husband Jay-Z, ditched the deal on a whim and claimed it lost its nearly $7 million investment and 70 people lost their jobs.

The terms of the agreement were not disclosed.

Meanwhile, the singer is set to kick off the US leg of her Mrs Carter Show world tour later this month.

IANS

Source: IANS

 
 
 

<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

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