Claims by the Winnie the Pooh licensee Stephen Slesinger against Walt Disney Co. (NYSE: DIS) in a copyright infringement cast have been dismissed by a U.S. judge. This ruling finally closes a legal battle that has been going on since 1991 over possible billions of dollars in royalties. A claim against Disney is still pending before U.S. patent regulators however. Slesinger obtained these rights from author A.A. Milne in 1930 and transferred them to Disney in 1961 for a regular royalty.
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About The Walt Disney Company
The Walt Disney Company, together with its subsidiaries, is a global entertainment company. The business segments of the Company are Media Networks, Parks and Resorts, Studio Entertainment, and Consumer Products. The Media Networks segment consists of domestic broadcast television network, television production and distribution operations, domestic television stations, cable networks, domestic broadcast radio networks and stations, and Internet and mobile operations. The Studio Entertainment segment produces and acquires live-action and animated motion pictures, direct-to-video programming, musical recordings and live stage plays. The Consumer Products segment engages with licensees, manufacturers, publishers and retailers globally to design, develop, publish, promote and sell a range of products based on Disney characters. During the fiscal year ended September 27, 2008 (fiscal 2008), the Company completed the acquisition of UTV Software Communications Limited.
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