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Electronic Arts has reached a settlement agreement for a lawsuit filed against them for practicing an unfair monopoly concerning the NFL, NCAA and AFL franchises. These exclusive rights allowed the company to snuff out the competition and set prices at whim.
The proposal is set at $27 million and would benefit consumers who have purchased such a game since 2005 up to the present. More specifically, consumers would be entitled to a refund as follows: Purchase of an Xbox, Gamecube or Playstation 2 game would yield up to $6.79 per game, while a Wii, Xbox 360 and Playstation 3 title would entitle consumers up to $1.95. This affects the group of consumers which have been certified in the case on April 6, 2011.
Additionally, EA will not be able to renew exclusive contracts with AFL or NCAA. Additionally, they will not be able to renew an agreement for 5 years with NCAA after their contract expires in 2014.
This settlement must be approved by the court before it can take effect.