(CelebNMusic247-News) Beyonce and Gate Five LLC Settle
In November of 2012, Beyonce and video game company Gate Five LLC went head to head in court over the pop star breaching contract.
In only seven months the BeyHive has finally come to a settlement agreement after the lawsuit filed by Gate Five LLC said she didn’t play fair in a deal for a video game structured around her.
Here’s the drop:
Court records show the case was closed Friday after the Grammy Award-winning singer and Gate Five LLC agreed to drop it.
A lawyer for Gate Five says the terms are confidential. A lawyer for Beyonce hasn’t returned a call seeking comment.
Gate Five had said Beyonce made a lucrative deal for a game called “Starpower: Beyonce,” then demanded a new agreement and abandoned the project. The company says it lost its nearly $7 million investment and 70 people lost their jobs.
Beyonce’s lawyers had said she was within her rights to get out of the deal because Gate Five didn’t have needed financing.
