The movie firm that co-financed hits like Avatar: The Way of Water and the Deadpool franchise has filed a lawsuit accusing Disney of breach of contract.
TSG Entertainment filed swimsuit in Los Angeles Superior Court on Tuesday alleging that Disney subsidiary Twentieth Century Studios intentionally withheld income on the expense of its companions.
The lawsuit, just like an actress Scarlett Johansson filed in 2021, additionally accuses Disney and its subsidiary of slashing sweetheart offers to spice up their streaming platforms Hulu and Disney+ relatively than maximizing income for film financiers.
TSG claimed within the lawsuit that Disney and Twentieth Century Studios “tried almost every trick in Hollywood’s accounting book” to deprive it of “hundreds of millions of dollars.”
Disney didn’t instantly reply to a request for remark from DailyMail.com Tuesday afternoon.
The movie firm that co-financed hits like Avatar: The Way of Water (above) and the Deadpool franchise has filed a lawsuit accusing Disney of breach of contract
Disney CEO Bob Iger is seen above. TSG Entertainment filed swimsuit in Los Angeles Superior Court on Tuesday, alleging that Disney intentionally withheld income
TSG claimed that an audit discovered “rampant self-dealing” and “accounting tricks” that resulted in $40 million underpayment for 3 categorized movies.
The lawsuit additionally alleges {that a} latest deal permitting the simultaneous launch of flicks on Disney+ and Warner Bros. Discovery’s Max platform lowers TSG’s potential revenue.
The lawyer who represented TSG within the lawsuit, John Berlinski of the legislation agency Bird Marella, additionally represented Johansson when the actress sued Disney.
In some methods, TSG’s claims are just like Johansson’s, who claimed she misplaced greater than $50 million because of Black Widow being launched on Disney+ concurrently its theatrical debut.
The actress claimed that she was assured Black Widow would have an unique theatrical launch.
Her lawsuit claimed that the majority of her wage was based mostly on field workplace efficiency, however Disney countered that Johansson was paid $20 million for the movie anyway.
The lawsuit is just like that of an actress Scarlett Johansson filed towards Disney in 2021
Just a couple of months after Johansson filed her lawsuit, it was shortly settled out of court docket on undisclosed phrases.
Founded in 2013, TSG co-finances the manufacturing and advertising and marketing prices of movies in alternate for a share of the gross receipts after the movie’s launch.
The firm has co-financed roughly 140 movies with Twentieth Century Studios, together with Gone Girl, The Shape Of Water, and JoJo Rabbit.
Disney inherited an present deal between Twentieth Century Fox and TSG when it acquired the studio, now Twentieth Century Studios, in 2019.