Nu Image Sues Overture Films For Potential Millions Over “Sparse” Accounting

Nu Image today filed a lawsuit against shuttered Overture Films for what could be millions in unpaid proceeds from a trio of films. The films noted in the complaint (read it here) are 2010’s Brooklyn’s Finest, the 2008 Robert De Niro and Al Pacino movie Righteous Kill and 2008’s Mad Money starring Diane Keaton and Queen Latifah. Nu Image says that they and Brooklyn’s Finest Distribution inked deals with Overture for exclusive distribution rights for the films “in the United States and its territories for 20 years.” Noting that all three seemed to make good money theatrically and in home entertainment, the complaint alleges Breach of contract, the Implied Covenant of Good Faith and Fair Dealing, Accounting and Declaratory Relief. Nu Image says that they have consistently received “sparse and oblique” participation statements from Overture and their then affiliate Starz Media. “Plaintiffs are informed and believe, and there on allege, that Defendant received or will  receive  monies,  property  or  other  benefits in  connection exploitation of the Licensed Pictures, of which a percentage is due to Plaintiffs. (more…)

This article was printed from https://deadline.com/2012/12/nu-image-sues-overture-films-for-potential-millions-over-sparse-accounting-391343/