PAWTUCKET, R.I. and BATTLE CREEK, Mich. -- June 16, 2003 -- Hasbro, Inc. and Kellogg Company announced today that they have reached a settlement regarding Hasbro's MEMORY trademark.
"We have settled our differences on a friendly basis," said Alfred J. Verrecchia, President and Chief Executive Officer of Hasbro, Inc.
As part of the settlement, for an undisclosed license fee, Hasbro has licensed use of its MEMORY trademark to Kellogg for use in Kellogg's "Finding Nemo" MEMORY game promotion.
Hasbro is a worldwide leader in children's and family leisure time entertainment products and services, including the design, manufacture and marketing of games and toys ranging from traditional to high-tech. Both internationally and in the U.S., its PLAYSKOOL, TONKA, MILTON BRADLEY, PARKER BROTHERS, TIGER and WIZARDS OF THE COAST brands and products provide the highest quality and most recognizable play experiences in the world.
