The WGA West has reached a $1 million settlement with Luc Besson’s Seaside Productions to cover unpaid residuals on 23 films. Guild records show that the company, which is owned and managed by the French filmmaker, had a “history of contract violations and noncompliance” and has been “inconsistent in paying residuals.”
Besson is perhaps best known as the writer-director of The Fifth Element, Lucy and last year’s Valerian and the City of a Thousand Planets, though it’s unclear which films are covered by the settlement. As part of the deal, Seaside has agreed to create a $300,000 escrow account to secure the payment of future residuals. Guild records also show that the WGA has taken “a number of measures to protect against future contract breaches.”
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The guild’s legal department has collected more than $2 million in unpaid residuals, initial compensation and pension and health contributions on behalf of members this year alone. It secured more than $5 million worth last year.
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