Snail Games USA and Angela Game Settle Myth of Empires Trade Secret and Copyright Allegations
Portfolio Pulse from Benzinga Newsdesk
Snail, Inc. (NASDAQ:SNAL) and its subsidiary Studio Wildcard have settled a copyright and trade secret litigation with Suzhou Angela Online Game Technology Co., Ltd and Imperium Interactive Entertainment Limited. The settlement includes ongoing royalty payments from Angela to Snail for the game Myth of Empires, and Snail's assistance in distributing the game. The details of the settlement remain confidential.
October 11, 2023 | 8:02 am
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The settlement of the litigation could potentially bring in ongoing royalty payments to Snail, Inc., which could positively impact its revenues. Snail's assistance in distributing the game could also enhance its market presence.
The settlement of the litigation removes a potential legal risk for Snail, Inc. The ongoing royalty payments from the game Myth of Empires could provide a steady stream of revenue for the company. Furthermore, Snail's involvement in the distribution of the game could enhance its visibility and reputation in the gaming industry.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100