$200 Million for Frank Darabont
Frank Darabont, the Oscar-nominated filmmaker behind The Shawshank Redemption, was a key determine in bringing The Walking Dead to AMC means again in 2010. A number of years later although, the showrunner and executive 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 several 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 accordance with 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 highway and AMC was ultimately discovered to have truly lied about this stuff, it in all probability would have needed to pay far more. (At one level Darabont said $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 tip for the community. Original comedian creator Robert Kirkman has an analogous lawsuit that’s nonetheless pending.
The Walking Dead returns subsequent month with the first part of its 11th, and final, season.
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