Kim Kardashian has reached a monetary settlement in the lawsuit she filed in February against porn producer and distributor Vivid Entertainment, who mysteriously purchased her sex tape with Ray J and was in the process of adding it to the X-rated DVD catalog. Us Weekly reports that Vivid has also agreed to quit selling the video by the end of May.
"We are pleased that Kim has dropped her legal action against us," Vivid co-chairman Steven Hirsch, whose outfit paid an undisclosed party $1 million for the tape, said in a press statement.
"We met with her several times and finally reached a financial arrangement that we both feel is fair."
One unnamed source told Us the deal was close to $5 million, but a Vivid source told Us that the figure was closer to $3 million.
"We've always known we had the legal right to distribute this video, which became an instant bestseller," Hirsch said, "and we've always wanted to work something out with Kim so she could share in the profit.
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"I'm just so relieved that this chapter of my life is over now," the daughter of late O.J. Simpson defense attorney Robert Kardashian and stepdaughter of Olympic medalist Bruce Jenner told In Touch Weekly.
"I have so much going on in my life.
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