Studio Sues Universal Over Movie Finance Deal Gone Bad

Law360, Los Angeles (February 28, 2013, 9:54 PM EST) -- Film company StudioCanal US sued Universal Studios LLC in California court Thursday, accusing it of breaching a contract by failing to pay StudioCanal tens of millions of dollars it claims it’s owed from of a joint venture the companies launched in 1999.

The lawsuit alleges that Universal, a subsidiary of NBCUniversal LLC, failed to honor its fiduciary and contractual duties to StudioCanal after a nearly 10-year-long business relationship in which the film studios co-financed 44 movies, including “Bridget Jones's Diary,” “Frost/Nixon,” “O Brother Where Art Thou?”...
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