Law.com Subscribers SAVE 30%

Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.

Entertainment Law & FinanceKickerFeaturesTopicsLitigationSectionsNewsLJN Newsletters

Clause & Effect

By ALM Staff | Law Journal Newsletters |
January 31, 2007

Net-Profit Rights/Movies Based on TV Shows. The Court of Appeal of California, Second District, Division 7, decided that an agreement actors Robert Wagner and Natalie Wood entered into with Spelling-Goldberg Productions (SGP) for the parties to submit an idea to the ABC-TV network for what became the 1970s TV series, 'Charlie's Angels,' didn't entitle Wagner and his family trusts to 50% of the net profits from two movies based on the series. Wagner v. Columbia Pictures Industries Inc., B184523.

Wagner and Wood had entered into an agreement with SGP to star in the TV movie Love Song. The agreement also stated that the actors and SGP would 'jointly submit up to five ideas to ABC for the basis of a pilot script for the 1974-1975 television season.' After ABC accepted the 'Angels' series idea the parties had submitted, the Wagners and SGP entered into a separate agreement to equally split any net profits received by SGP.

This premium content is locked for LJN Newsletters subscribers only

  • Stay current on the latest information, rulings, regulations, and trends
  • Includes practical, must-have information on copyrights, royalties, AI, and more
  • Tap into expert guidance from top entertainment lawyers and experts

For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473

Read These Next
The DOJ's Corporate Enforcement Policy: One Year Later Image

The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.

The DOJ's New Parameters for Evaluating Corporate Compliance Programs Image

The parameters set forth in the DOJ's memorandum have implications not only for the government's evaluation of compliance programs in the context of criminal charging decisions, but also for how defense counsel structure their conference-room advocacy seeking declinations or lesser sanctions in both criminal and civil investigations.

Use of Deferred Prosecution Agreements In White Collar Investigations Image

This article discusses the practical and policy reasons for the use of DPAs and NPAs in white-collar criminal investigations, and considers the NDAA's new reporting provision and its relationship with other efforts to enhance transparency in DOJ decision-making.

Bankruptcy Sales: Finding a Diamond In the Rough Image

There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.

Compliance Officers: Recent Regulatory Guidance and Enforcement Actions and Mitigating the Risk of Personal Liability Image

This article explores legal developments over the past year that may impact compliance officer personal liability.