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Bloomberg News

Fox Entertainment Group Inc. and Hollywood Entertainment Corp. said they have settled a dispute in which Fox accused Hollywood of cheating it out of more than $5 million in fees on Fox videos. Fox’s Los Angeles-based 20th Century Fox Home Entertainment unit had sued alleging that Rentrak Corp., which leases Fox videos to retailers such as Hollywood, under-reported Hollywood’s video sales and rentals. In a statement, Wilsonville, Ore.-based Hollywood, the No. 2 video-rental chain in the U.S., said it regrets the disruption to business that the situation has caused and has agreed to pay Fox an undisclosed sum to settle all claims.

* Seagram Co. said Robert Matschullat, a key figure in its transformation from a beverage maker to one of the world’s biggest entertainment companies, will resign as vice chairman and chief financial officer next year. Matschullat, who’s leaving in June after four years with Seagram, said he’s resigning to pursue unspecified “other interests.” He’ll be replaced as CFO in January by Brian Mulligan, co-chairman of Seagram’s Universal Pictures unit. Matschullat will remain a consultant to Edgar Bronfman Jr., chief executive of the Montreal-based company.

* Andersen Consulting named as chief executive Joe W. Forehand, the global managing partner of its communications and high-technology practice. Forehand, who has been with the world’s second-largest accounting and consulting firm for 27 years, succeeds George Shaheen. Shaheen joined Internet grocer Webvan Group Inc. in September, after leading Andersen for 10 years.

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