Earlier this year FUNimation issued a notice to Atari threatening to terminate their current agreement due to alleged contract breaches.
Atari will pay the firm $3.5 million, of which $2.7 million is a cash payment and $800,000 a reduction in royalty advances. The new deal sees Atari retain the North American interactive entertainment rights until 2010.
Atari’s chief restructuring officer Curtis G. Solsvig III stated: "With this dispute behind Atari, we look forward to continuing our relationship with FUNimation and continuing to deliver to our consumers exciting products from the Dragon Ball Z franchise.”
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