For $5 Million, Woody Allen Drops Lawsuit vs. American Apparel (pdf)

“Annie Hall,” the Oscar-winning film directed by Woody Allen, earned the director $5 million on Monday morning, and it was not from DVD sales.

The money came from a settlement in a lawsuit Mr. Allen brought against American Apparel, the clothing company, for using an image from the film without permission on billboards in the spring of 2007. The settlement, which was announced by both parties on the steps of the federal courthouse in Manhattan, came as a jury trial was set to start.

After making a brief courtroom appearance, Mr. Allen read from a prepared statement: “It’s of course possible by going through the trial, a jury might have awarded me more money, but this is not how I make my living.”