The 31-year-old singer has reached an agreement with videogame company Gate Five after allegedly backing out of a deal to create her own motion-capture dance game called 'Starpower: Beyonce', reported New York Post. Lawyers for both sides signed an agreement dismissing 'all claims or counterclaims' without legal fees and filed the papers in Manhattan Supreme Court.
The gaming company's lawyer Peter Gallagher said, "We've settled amicably. I can't discuss the terms of the settlement, but it was resolved." The 'Love On Top' singer reportedly dropped out of the deal last winter because she claimed that Gate Five had not secured the funding they had promised.
The company countered that the Grammy-winner, who has a 17-month-old daughter, Blue Ivy, with her rapper husband Jay-Z, ditched the deal on a whim and claimed it lost its nearly USD 7 million investment and 70 people lost their jobs. The terms of the agreement were not disclosed. Beyonce is set to kick off the US leg of her Mrs Carter Show world tour later this month.