Audit Trend Puts Movie Studios Up In Lights

Law360, New York (January 7, 2013, 12:39 PM EST) -- A recent entertainment industry trend has seen profit participants, or “talent,” aggressively auditing and suing major movie and television studios to force them to properly account for the profit participants’ back-end royalty payouts. These audits and subsequent lawsuits are poking holes in studio accounting systems and uncovering several improprieties, such as the studios packaging successful films and television series with less successful films/series or those that have not reached the threshold for profit participation, and/or licensing a successful film or television series to an affiliated cable...
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