Gibson Responds to WowWee Settlement Article
Last Friday’s MMR e-newsletter summarized, among other things, the reports of the resolution in the WowWee/Gibson case.
Shortly after the weekly report was sent out, Gibson CEO Henry Juszkiewicz got in touch to clarify and provide further detail on the settlement. His message, in part, follows:
Your announcement on the WowWee settlement is misleading. It infers that Gibson “lost” the case.
Gibson settled the dispute with WowWee paying a license fee for use of Gibson’s intellectual property. Due to WowWee’s acknowledgement of our intellectual property rights and payment for the use of the property rights the legal case became mute, and Gibson asked the court to dismiss it.
CEO, Gibson Guitars