Wemade said on the 15th that, together with its subsidiary ChuanQi IP, it has withdrawn a lawsuit seeking payment of royalties for "The Legend of Mir 2·3" filed against domestic game company ACTOZ SOFT and its subsidiary Zhen Chuanqi.
Wemade and ACTOZ SOFT jointly own the intellectual property (IP) for "The Legend of Mir 2·3," but they have been engaged in legal disputes for years over the royalty revenue split ratio.
However, in December last year, a Supreme Court ruling finalized the royalty revenue split for The Legend of Mir 2·3 at 80% for Wemade and 20% for ACTOZ SOFT. Afterward, the two companies completed all settlements for royalties that had not been reconciled in accordance with the Supreme Court ruling.
Accordingly, Wemade and ChuanQi IP also withdrew the lawsuit previously filed against ACTOZ SOFT seeking payment of royalties.
A Wemade official said, "With the Supreme Court's final ruling, the legal uncertainty related to The Legend of Mir 2∙3 IP business has been completely resolved," adding, "Now that the legal dispute has concluded, we will focus even more on growing the value of the Mir IP and expanding the business based on a stable legal position."