Virgin, Fox Studio Drop Lawsuit, Settle Dispute Over Bill Payments

Twentieth Century Fox and Virgin Entertainment Group have settled a legal dispute over alleged bill non-payment.

NEW YORK--Twentieth Century Fox and Virgin Entertainment Group have settled a legal dispute over alleged bill non-payment.

The move came March 2, only a day after Fox had filed a lawsuit against Virgin in Los Angeles Superior Court.

In its complaint, Fox alleged that Virgin did not pay $400,000 for shipments of Fox film DVDs and videocassettes that had been shipped since last October. The merchandise was to be sold through the Virgin Megastores retail outlets.

In a joint statement last Tuesday, the companies said they have "amicably resolved the issue and the lawsuit will be dismissed." Specific terms of the settlement weren't disclosed.

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