Thursday, June 28, 2007

BlockBuster, NetFlix settle

DowJones reported: Home video rivals Blockbuster Inc. and Netflix Inc. have settled their patent dispute over Blockbuster's creation of an online service that is similar to Netflix's.

In a Securities and Exchange Commission filing on Wednesday, June 27 Blockbuster said the two companies had resolved their patent litigation, but said the terms of the deal were confidential. Netflix filed suit in April 2006, alleging that Blockbuster copied its methods for online home video rental orders. Blockbuster then countersued shortly after, claiming Netflix didn't invent the methods it used.


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