Imax and Showscan said Friday they had entered into a settlement agreement regarding all matters of litigation between the two companies.
The companies didn’t disclose terms of the settlement, but they said the agreement isn’t expected to have a material financial effect on either party.
In February 1996, Imax filed suit against Showscan, claiming Showscan’s line of Showmax equipment infringed on Imax’s copyright for large-format camera and projection systems. That suit had been scheduled to go to trial in June in New York.
A month later, Showscan filed a complaint against Imax in U.S. District Court in Los Angeles, charging Imax with violation of federal antitrust laws.
In February of this year, Showscan filed another suit in U.S. District Court seeking to have the trademark of Imax Corp. canceled because “Imax” had become a generic term.
Industry sources said Showscan’s CEO Dennis Pope, recently named to that post, was instrumental in engineering the settlement.