LOS ANGELES, April 30 (UPI) -- Lionsgate and Dish Network, which now owns Blockbuster, said they settled their legal dispute over revenue sharing.
A spokesman for Lionsgate said Friday the issues had been amicably resolved, which The Hollywood Reporter said Saturday cleared a potential obstacle to bankruptcy proceedings that resulted in the sale of Blockbuster to Dish Network.
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Lionsgate had filed a motion for reconsideration of the deal on the grounds Lionsgate was owed money for rental movies the studio had provided to Blockbuster under a revenue-sharing agreement.
"We look forward to continuing a productive, long-term business relationship with Dish and their Blockbuster affiliate in the future," the Lionsgate spokesman told The Reporter.
