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April 11, 2007
Winnie the Pooh Royalties Talks Canceled
The Walt Disney Co., which generates about $1 billion in annual revenue from the sale of Pooh products, informed a federal magistrate last month that it would not participate in settlement talks with the family that owns the licensing rights to the characters. "We suggested to the magistrate that having a settlement conference at this time would not be meaningful," said attorney Daniel Petrocelli, who is representing Disney in the dispute.