Oklahoma business briefs, Oct. 4

Oklahoma business briefs, Oct. 4
Published: October 4, 2012
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Shoe store chain files Chapter 11

Bakers Footwear Group Inc. has filed for Chapter 11 bankruptcy protection because of weak sales and mounting losses. The St. Louis company, which runs 215 shoe stores in 34 states, ran low on cash and defaulted on a loan on one of its major credit agreements. It plans to continue an existing plan to reorganize the company by selling up to 52 leases to Aldo U.S. Inc., closing other stores and selling off merchandise from closed stores. Pending court approval, the company has obtained financing that will allow it to operate while it restructures. It says its 215 existing stores remain open.

James Bond is still in play

James Bond hasn't been sipping martinis and firing his Walther in the game world for nearly as long as he has in movie theaters, but the gadget-loving secret agent's nearly 30-year history spanning more than 20 video games is almost unmatched in Hollywood, where video game tie-ins with the latest blockbusters are commonplace nowadays. Even when others did it better, 007 maintained a presence in the interactive medium, with three big-screen Bonds — Sean Connery, Pierce Brosnan and Daniel Craig — portraying him in games.

‘Band Hero' agreement reached

No Doubt has settled its lawsuit against gaming giant Activision over the use of the band's likenesses in the videogame “Band Hero.” Court records show the Grammy-winning band reached a settlement Monday. The band sued over a feature in the game that allowed players to perform other artists' songs using the likenesses of frontwoman Gwen Stefani and other band members. Activision Publishing Inc. had denied all wrongdoing. A judge ruled earlier this year that No Doubt could argue fraud, violation of publicity rights and breach of contract claims at a trial scheduled Oct. 15. The band's 2009 lawsuit claimed the game turned it “into a virtual karaoke circus act.”

From Staff and Wire Reports



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