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Yesterday we found out that Hollywood Media and AMC settled their lawsuit but we did not learn anything about the terms of the settlement. Today, the company filed an 8-K.

Item 1.01 - Entry into a Material Definitive Agreement.

On November 10, 2013, Hollywood Media Corp. (the "Company"), MovieTickets.com, Inc. ("MovieTickets.com"), National Amusements, Inc. and AMC Entertainment Inc. ("AMC") entered into a settlement agreement (the "Settlement Agreement") pursuant to which the Company, MovieTickets.com and National Amusements, Inc. reached a settlement with AMC, on confidential terms and without admitting liability of one to the other, with respect to the lawsuit relating to MovieTickets.com that was initially filed in October 2011 by the Company and National Amusements Inc. against AMC. As a result of the Settlement Agreement, the Company's equity interest in MovieTickets.com increased from approximately 26% to approximately 34%. In addition, in connection with the Settlement Agreement, AMC and MovieTickets.com entered into a non-exclusive ticketing agreement, the terms of which are also confidential.

What this means to the owners of Hollywood Media stock is that value increased instantly. We now own 34 percent of a business that will now be more profitable with AMC Theaters. AMC will be able to sell its tickets through both MovieTickets.com and Fandango. There might also be a monetary damages component because AMC did file an amendment to its S1 as I previously mentioned. Considering that the market was valuing MovieTickets.com at a very low price, this development is extremely positive for holders of Hollywood Media. Logically, the stock price should increase on Monday, but whether it will or not is unknown. I am not going to say that it will shock me if it doesn't, because nothing shocks me anymore when it comes to the market.

Disclosure: Long HOLL

Source: Hollywood Media: Part Of The Settlement Is Disclosed