Marvel Comics Gets Sued
23 Apr
After a greatly publicised and successful relationship with Cryptologic, an online casino software developer for over five years, which proved a very profitable endeavour for both parties, things in the relationship have turned soar.
The software developer has taken up arbitration proceedings opposing the comic designers. The reasoning behind their actions is stated due to Marvel apparently breaching their provisions as stated in the licensing agreement.
The partnership that began in 2005 between these two power-house brands was set to continue ‘til 2013 with Cryptologic holding exclusive licensing rights that would have let them use any of the Marvel-inspired superheroes as characters and themes for a collection of their slot games. To date, 17 various slot machines have used many characters including Spiderman, Blade, the Hulk and more.
However, in 2009, another deal was signed between marvel subsidiary (Marvel B.V) and PlayTech, which is in direct competition with Cryptologic.
In recent reports, it was said that Cryptologic had attempted to resolve the issues with marvel away from the courts but found themselves faced with an uncooperative Marvel. The software developer sees this legal action as a final resort in order to protect their licensing rights.
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