Just a few weeks after the ugly Crash producer debacle went public,
another best picture-winning film is finding itself in court. According to Martin Richards, founder of The Producer
Circle Company, Miramax is screwing him out of $10 million (give or take a few million) of profits that his co-producer
credit for Chicago
should have earned. In his lawsuit, Richards claims that his company owned the movie rights to the musical, and that
co-producers Bob and Harvey Weinstein have refused to pay him the percentage he is owed. The core of Richard's suit is
his claim that, though his contract terms guaranteed him a percentage of gross profits (figured before expenses are
taken out), the Weinsteins are trying to pay him based on net profits (with expenses taken out - obviously a
much smaller figure). So far, Richards claims he has been paid only $500,000 ("$300,00 as a producing fee and
$200,000 when the movie passed its 'first cash break even level'").
Categories
Just a few weeks after the ugly Crash producer debacle went public,
another best picture-winning film is finding itself in court. According to Martin Richards, founder of The Producer
Circle Company, Miramax is screwing him out of $10 million (give or take a few million) of profits that his co-producer
credit for Chicago
should have earned. In his lawsuit, Richards claims that his company owned the movie rights to the musical, and that
co-producers Bob and Harvey Weinstein have refused to pay him the percentage he is owed. The core of Richard's suit is
his claim that, though his contract terms guaranteed him a percentage of gross profits (figured before expenses are
taken out), the Weinsteins are trying to pay him based on net profits (with expenses taken out - obviously a
much smaller figure). So far, Richards claims he has been paid only $500,000 ("$300,00 as a producing fee and
$200,000 when the movie passed its 'first cash break even level'").
'Fone Finds
- The Best of Hot People Looking Hot in 2011 [NextMovie]
- The Top Five Super Bowl Halftime Shows [Urban Daily]
- The Most Pirated Movies of All Time [The Hollywood Reporter]
- The ‘Kindergarten Cop’ Kids: Where Are They Now? [Screen Junkies]
- 'SNL': Best & Worst Moments of 2011 [EW]
- The Worst Players Who Made the Most Money [Bleacher Report]
- The Best Reviewed Films of 2011 [Rotten Tomatoes]
- The Most Annoying Reality TV Stars of 2011 [HitFix]
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