Netflix Inc. and studio Relativity Media LLC resolved their legal dispute in New York Bankruptcy Court, Variety reported Aug. 2.

The settlement helps clear the remaining barriers to the studio's court-supervised sale to UltraV Holdings.

Netflix had filed a lawsuit against the bankrupt studio for allegedly violating an exclusivity agreement between the companies. In 2016, Relativity Media had sued Netflix over claims that it breached a contract and also led a "smear campaign" against the studio.

Under the settlement, Netflix will pay about $3.9 million in payments that it had previously withheld from Relativity and an additional $3.3 million in fees. UltraV will also be able to stream up to 30 titles on Netflix after its takeover of Relativity.

"Today's settlement with Netflix resolves nearly four years of litigation and other disputes that threatened the value of the Relativity estate," Colin Adams, Relativity's chief restructuring officer, said in a statement. "The settlement helps preserve the value of the Relativity estate for creditors, paving the way for the asset sale to UltraV Group, and granting UltraV the unquestionable right to stream up to 30 films on Netflix. We look forward to closing the sale to UltraV and winding down the Relativity estate."