Bankrupt Eastman Kodak Co. shouldn’t be permitted to abandon naming rights to the Hollywood Boulevard venue that hosts the Academy Awards, the property’s management CIM/H&H Media asserted in a Manhattan Court filing. The 20-year agreement under which the Kodak Theatre bears its name is worth $72 million over the life of the deal, according to CIM/H&H, but Kodak wants out 11 years into the contract. CIM/H&H says backing out “is not practically feasible” with the Oscars slated for February 26.
Oscar Venue Balks At Dropping Kodak Name
What's Hot on Deadline
Bart & Fleming: Spy Pics And Tom Cruise; Adult Films And Meryl Streep; Why Most Films About Journalists Don't Work
'Rogue Nation' Revs Up $65M; Tom Cruise & 'M:I' Franchise Clock Bests; 'Minions' #2 At $39M - Intl Box Office Update