Forums > Subjects From News > Inflated budgets - who benefits?
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Jaanus Silla
2004-06-19 01:06:16
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Inflated budgets - who benefits?Isn't this what almost all do - show the negative cost higher then it actually is?
"Intertainment-Franchise court battle opens
Intertainment Licensing and Franchise Pictures took their battle over film budgets to a federal jury Tuesday as open statements in the protracted legal battle raised claims of fraud, breach of contract and collusion. Attorneys for Intertainment told jurors that they were cheated out of more than $100 million after the German production-licensing group entered into a first-look distribution deal with Elie Samaha's Franchise Pictures in May 1999. Intertainment attorney Scott Edelman said Franchise inflated budgets on such features as "Driven," "Get Carter" and "The Pledge," leaving Intertainment to pay excessively in order to fund an agreed-upon 47% of Franchise's film slate from 1998-2000. "Evidence will show that Franchise systematically sent Intertainment inflated budgets to Franchise's benefit of over $100 million," Edelman told the 12-person jury in the Santa Ana, Calif., courtroom of U.S. District Court Judge Alicemarie Stotler. (Peter Kiefer and Jesse Hiestand)" Hollywood Reporter - www.hollywoodreporter.com |
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