Latest in Studio Accounting

Sylvester Stallone’s back in the ring, but this time with a court challenge accusing Warner Bros of committing fraud with its accounting for his 1993 film Demolition Man. The actor’s Rogue Marble Productions filed the suit today Los Angeles Superior Court (read it here), claiming he was supposed to collect 15% of the…

EXCLUSIVE: Signing a deal that makes anyone a net profit participant  in  a Hollywood movie deal has always been a sucker's bet. In an era where studios have all but eliminated first dollar gross and invited talent to share the risk and potential rewards, guess what? Net profit deals are still a sucker’s bet. I was…

After a 6 year legal maneuvering and a month-long trial, the $250 million case of Who Wants To Be A Millionaire? producer Celador v. Disney over profits from the hit game show is now in the hands of the jury. Throughout the parade of witnesses, Celador seemed to prove that it earned less than it could have from the…

The complaint was filed today in Los Angeles Superior Court. This really sounds like one of the worst cases of phony-baloney studio accounting, not to mention sheer arrogance, in Hollywood history. Geez, when is Big Media going to stop this larceny? For instance, according to the lawsuit, NBC Uni is claiming that, as…