Das könnte Sie auch interessieren:

Gefährliche Wachstumsschwäche Deutschlands durch Lohnzuwächse und Energiekosten

Brüssel (ots) - Besorgt reagierte der Europaabgeordnete Bernd Lucke (Liberal-Konservative Reformer) auf die ...

Emma Stone und Ryan Gosling tanzen in "La La Land" mit uns in die OSCAR(r) Nacht auf ProSieben!

Unterföhring (ots) - 17. Februar 2019. Der Auftakt zur Filmnacht des Jahres könnte nicht großartiger sein! ...

Zum Tod von Bruno Ganz: ZDF ändert sein Programm

Mainz (ots) - Nach dem Tod des Schweizer Schauspielers Bruno Ganz hat das ZDF am Sonntag, 17. Februar 2019, ...

21.12.2000 – 21:24

Intertainment AG

ots Ad hoc-Service: Intertainment AG Intertainment files law suit against Franchise Pictures (USA)

Ad hoc-announcement edited and sent by DGAP. The sender is solely responsible for the contents of this announcement. -----------------------------------------------------

    Ismaning n. Munich (ots Ad hoc-Service) -      

    Intertainment Licensing GmbH, a subsidiary of Intertainment AG, which is listed on the Neuer Markt in Frankfurt, has filed a complaint against Franchise Pictures LLC, Franchise Pictures Inc., their Chairman and CEO Elie Samaha, their President and COO Andrew Stevens, several production firms of the Franchise Group as well as other parties in US- District Court (Federal Court) in Los Angeles today.

    Intertainment Licensing GmbH and the Franchise group of companies have an existing contract, under which Intertainment Licensing GmbH wanted to acquire the rights for at least 60 films during a 5 year period. Intertainment Licensing GmbH has sublicensed some of the acquired film rights to several European territories.

    In its complaint Intertainment Licensing GmbH asserts that due to fraudulently inflated production budgets of the films produced by Franchise, Intertainment Licensing GmbH has been damaged through fraud and racketeering activity for an amount exceeding US $ 75,000,000 . In its complaint, Intertainment Licensing GmbH is primarily seeking compensation therefor in addition to Punitive Damages and raises further claims.

    Franchise has raised counterclaims and informed that it intends to file a complaint against Intertainment Licensing GmbH.

    The outcome of this litigation might have considerable effects on turnover and profit of Intertainment AG for the current and subsequent fiscal years. The ongoing business relationships to sublicenses are concerned hereof as well.

    Intertainment Aktiengesellschaft Osterfeldstraße 84 85737 Ismaning Telephone: 089/216 99-0 Telefax: 089/216 99-11 Internet: http://www.intertainment.de E-Mail: investor@intertainment.de

End of Message ----------------------------------------------------- Internet: http://recherche.newsaktuell.de

Original-Content von: Intertainment AG, übermittelt durch news aktuell

Alle Meldungen
Abonnieren Sie alle Meldungen von Intertainment AG
  • Druckversion
  • PDF-Version