Monday, July 05, 2004
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Struggling game publisher Acclaim hit with the loss of Major League Baseball and Turok licences due to lack of royalty payments.
Acclaim loses MLB and Turok licences
From gi, "Without the license from the Major League Baseball Player's Association, Acclaim will no longer be able to use real player names and likenesses in its games; a crippling blow for the All-Star Baseball franchise, which has been one of the few commercial successes to the company's name in recent years. Acclaim claims that it has actually met its royalty obligations to the MLBPA and to certain key players, but the dispute continues, and has been ongoing since May of this year, according to the 10-K filing which Acclaim submitted to the Securities and Exchange Commission at the end of last week.:
"As for Turok, that franchise belongs to Classic Media, a company which holds the rights to numerous media properties, and which notified Acclaim in June that it was terminating the publisher's right to use the license due to non-payment of royalties."
Posted by Al
on 07/05 at 01:00 PM