Online DVD rental service Netflix Inc. has settled a patent infringement lawsuit against Blockbuster Inc., ending an attempt to thwart the rapid growth of its biggest rival. Terms of the settlement were kept confidential, which has sparked speculation that the companies had reached a "sweetheart agreement" that may stifle competition.
June 28, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Online DVD rental service Netflix Inc. has settled a patent infringement lawsuit against Blockbuster Inc., ending an attempt to thwart the rapid growth of its biggest rival.
Terms of the settlement were kept confidential. In Securities and Exchange Commission documents filed Wednesday, Blockbuster said the settlement won’t affect its future performance.
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