/ Source: The Associated Press
Blockbuster Inc. said Wednesday it settled all litigation with online movie rental competitor Netflix Inc. Terms of the agreement were not disclosed.
Blockbuster said the settlement will not have a material effect on future financial results. Under the settlement, both companies agreed to dismiss all claims.
In April 2006 Netflix, of Los Gatos, Calif., filed a patent infringement complaint against Blockbuster which alleged the Dallas company infringed two of Netflix' patents. Blockbuster responded with a counterclaim that alleged Netflix violated antitrust laws.