One in every of AMC’s most profitable – and worthwhile – collection is “The Strolling Lifeless”. Sadly, the present has additionally been embroiled in a lawsuit over the previous 10 years by which the cable community was pitted in opposition to the present’s govt producer, Frank Darabont, and his expertise company, the Artistic Artists Company. An settlement was reached to finish the feud for good. And it wasn’t low cost.
The value of the settlement?
$ 200 million
A latest SEC submitting supplies the monetary particulars of the settlement, which features a $ 143 million payout to resolve the AMC-Darabont / CAA revenue dispute, in addition to their rights to the present and any present or future spin-offs that end result from it might come up to purchase up from it. A further $ 57 million in winnings already owed to Darabont and CCA may also be paid out as a part of the identical settlement, bringing the full to $ 200 million.
The Strolling Lifeless tv franchise is a sprawling enterprise, with two spin-offs presently on the air: Concern the Strolling Lifeless and The Strolling Lifeless: World Past, and extra are anticipated to be in improvement.
Darabont initially developed the present for NBC however moved the present to AMC after NBC’s loss of life. He’s thought of to be the creator of the present and directed the serial pilot, which debuted in October 2010.
Sadly, AMC fired Darabont in July 2011, claiming he was unable to adapt to the fast-moving tv manufacturing schedule.
Darabont and CAA sued AMC in 2013 over the best way earnings from the present have been shared. Initially they have been searching for $ 280 million.
The settlement pays $ 200 million right now and future royalties.
Darabont and CAA aren’t the one folks sad with this example – in 2017, Strolling Lifeless comedian e-book creator Robert Kirkman and producers Glen Mazzara, Gale Anne Hurd and David Alpert additionally accused AMC of their settlement Too quick on revenue shares. This case will likely be dropped at courtroom later this 12 months.
Disputes like this over profit-sharing change into extra frequent as networks like AMC start creating their very own on-line streaming platforms, which may create “considerations that such inner offers restrict their potential share in a present’s monetary success”.