
Frank Darabont, the Oscar-nominated filmmaker behind The Shawshank Redemption, was a key determine in bringing The Walking Dead to AMC manner again in 2010. A couple of years later although, the showrunner and govt producer realized he wasn’t be compensated correctly for his stake within the present, and a lawsuit was filed.
Well, a number of lawsuits and a number of twists and turns later, AMC has now agreed to pay a $200 million settlement to Darabont over his dispute, which claimed the community “had used shady accounting to short them on profits,” in response to the Hollywood Reporter.
The information was revealed as a part of AMC’s report back to the U.S. Securities and Exchange Commission. “The Settlement Agreement provides for a cash payment of $200 million (the ‘Settlement Payment’) to the plaintiffs and future revenue sharing related to certain future streaming exhibition of The Walking Dead and Fear The Walking Dead,” the assertion reads. It later revealed $143 million of it was for “the extinguishment of Plaintiffs’ rights to any compensation in connection with The Walking Dead and any related programs and the dismissal of the actions” and that $57 million was for “ordinary course accrued participations.” Basically, AMC was paying $200 million to settle previous, and canopy any future, earnings Darabont would have made on the present.
Which is, clearly, some huge cash. But it’s additionally simply the settlement. Though this case is now over, meaning, hypothetically, if this lawsuit made it additional down the street and AMC was finally discovered to have really lied about these items, it most likely would have needed to pay far more. (At one level Darabont stated $280 million.) And that’s only a trace at how extremely worthwhile this present has been, and continues to be. Plus, this isn’t the top for the community. Original comedian creator Robert Kirkman has an identical lawsuit that’s nonetheless pending.
The Walking Dead returns subsequent month with the primary a part of its eleventh, and remaining, season.
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https://gizmodo.com/walking-dead-lawsuit-ends-in-200-million-settlement-1847310301