Appeal Dismissed Without Substantive Hearing
On December 12, Wemade announced that it had ultimately won the final appeal in the lawsuit against Actoz Soft regarding the injunction for copyright infringement of "The Legend of Mir."
The Supreme Court's Third Division dismissed Actoz Soft's appeal the previous day, ruling under the "Special Act on Appellate Procedure" that there were no significant legal violations in the previous judgment, and therefore rejected the appeal without a substantive hearing.
Previously, the Seoul High Court had ruled that the succession of Chinese copyrights to Wemade's subsidiary, Chuanqi IP, through a physical division was legitimate.
Additionally, regarding the royalty revenue distribution ratio from the "The Legend of Mir 2·3" IP licensing business, the court dismissed Actoz Soft's claim for a 50% share and ruled that the 80% for Wemade and 20% for Actoz Soft ratio, as stipulated in the previous court-mediated settlement between the two companies, was appropriate.
With the Supreme Court's dismissal of the appeal, the final revenue distribution ratio from the "The Legend of Mir 2·3" IP licensing business has been confirmed as 80% for Wemade and 20% for Actoz Soft.
A Wemade representative stated, "Through the Supreme Court's final ruling, Wemade's rights to the 'The Legend of Mir 2·3' IP business and the royalty distribution standard have been clearly validated. Now that the legal dispute has concluded, we will focus even more on growing the value of the Mir IP and expanding the business through cooperation with Actoz Soft, based on a stable legal standing."
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