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Studios Adjust After Losing Profit-Sharing Cases to Talent
The closely followed trials shed new light on accounting methods studios have used when calculating, reporting and paying out profits to producers, directors and lead actors.
September 21, 2011
LOS ANGELES - In Hollywood, disputes over profit sharing from hit films and television shows have long pitted artists and studios against each other. But many in the industry say a shock to the system last year in the form of three hefty verdicts favoring the artists may have shifted the scaled between Hollywood's Davids and Goliaths.
Reprinted for web use with permission from the Daily Journal. ©2011 Daily Journal Corporation. All rights reserved.
Los Angeles Daily Journal
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