DVDizzy.com

Home | Reviews | Schedule | Cover Art | Search The Site
DVDizzy.com Top Stories:

It is currently Thu Sep 19, 2019 7:56 pm

All times are UTC - 5 hours [ DST ]




Post new topic Reply to topic  [ 2 posts ] 
Author Message
PostPosted: Fri Jan 04, 2019 2:11 am 
Offline
Platinum Edition
User avatar

Joined: Sat Sep 23, 2006 5:06 am
Posts: 13636
Quote:
Disney is facing a class action lawsuit for allegedly relying on outdated revenue models when calculating profit participation. The Jerk scribe and Head of the Class creator Michael Elias, through his loanout corporation Neversink Productions, is suing Walt Disney Pictures. He claims the studio has been violating his contract for 1982's Young Doctors in Love by only including 20 percent of home video revenue when it calculates the amount due to profit participants.

"When home video distribution was in its infancy, and motion pictures studios such as Disney had no yet established in-house home video departments or subsidiaries, the large, independent home video distributors paid a flat 20% royalty to the studios from home video sales," states the complaint. "However, after the studios established their own home video divisions, they continued the practice of only reporting 20% of actual receipts to profit participants, as if the revenue earned by these studio divisions were not their own, and were not subject to eventual accounting and disbursement requirements to profit participants."

Elias is seeking damages and a declaration from the court outlining the proper method of calculating payments derived from home video distribution, including on-demand, streaming and digital downloads. The proposed class includes anyone with a profit participation agreement that doesn't expressly state that home video revenue should be accounted for based on a royalty percentage.
Source: https://www.hollywoodreporter.com/thr-e ... ts-1168356

_________________
ImageImageImageImageImage


Top
 Profile  
 
PostPosted: Tue Jan 08, 2019 8:02 pm 
Offline
Platinum Edition
User avatar

Joined: Thu Mar 17, 2005 12:26 pm
Posts: 10991
Good for him. I hope he wins this case and others will be compensated similarly for what Disney's kept from them. They have billions (and will be raking in billions more every year from now on it looks like)--they more than most companies can afford to pay people what they deserve.

_________________
Image
Listening to most often lately:
Aretha Franklin ~ "Don't Play That Song (You Lied)"
Christina Aguilera ~ "Ain't No Other Man"
Kelly Clarkson ~ "Didn't I"


Top
 Profile  
 
Display posts from previous:  Sort by  

Post new topic Reply to topic  [ 2 posts ] 

All times are UTC - 5 hours [ DST ]


Who is online

Users browsing this forum: No registered users and 27 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
Powered by phpBB® Forum Software © phpBB Group