MGA will not share future Bratz revenue to settle its infringement lawsuit, MGA Chief Executive Isaac Larian told Reuters on Thursday.
"It's not true. I never said that," Larian said of a Wall Street Journal story, which stated MGA would be willing to share future revenues.
"What I said was, that it is in the interest of MGA employees and I believe it is in the interest of Mattel shareholders and Mattel employees for the two companies to come to a settlement and move on," he said.
Larian met this week with a mediator for a court-ordered settlement conference, but he said a royalty payment on future Bratz revenue was not on the table.
"We are never going to give the Bratz brand to Mattel or anybody else," Larian said. "A royalty for what? These are really speculations that are not realistic."