The Arena Group Settles Sports Illustrated Lawsuit

The Arena Group Settles Sports Illustrated Lawsuit

The two companies, both led by billionaires, were locked in a $249 million standoff over an unpaid licensing fee

The Arena Group settles Sports Illustrated lawsuit against Authentic Brands Group

Last year saw a highly publicized, ugly breakup between Sports Illustrated owner Authentic Brands Group and The Arena Group, which had held a long-term publishing license for the iconic magazine. ABG terminated that license early in 2023, then sued Arena for more than $50 million in April, accusing them of interfering with the handoff of SI publishing rights to Minute Media. Arena launched its own lawsuit against Authentic for $200 million last …

The Arena Group settled its lawsuit against Authentic Brands in late April over Sports Illustrated licensing fees, saying the financial terms are “not material”

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