Warner Bros. Wins Against ‘Superman’ Lawsuit
Warner Brothers has won the case filed against them for the Superman franchise.
Warner Bros. and DC Comics have won a favorable ruling in the suit filed by the heirs of ”Superman” co-creator Jerome Siegel.
In a decision announced Wednesday, U.S. Judge District Court Judge Stephen G. Larson found that the license fees the studio paid to corporate sibling DC Comics didn’t represent “sweetheart” deals as they weren’t below fair market value. That means the heirs will be able seek profits only from DC Comics — which earned $13.6 million from Warner Bros. for the 2006 release of ”Superman Returns” – rather than from Warner Bros. as well.
“DC Comics and Warner Bros. Entertainment are very gratified by the court’s thorough and well-reasoned decision in this matter,” the companies said in a joint statement. “The decision validates what DC and Warner Bros. have maintained from the beginning, which is that when they do business with each other, they always strive for — and achieve — fair market value in their transactions. We are very pleased that the court found there was no merit to plaintiffs’ position that the Superman deals were unfair to DC Comics and, by extension, the plaintiffs.”
People are always trying to get more and more money from everyone else, it’s a cutthroat business. Goes to show that when you have movies making your company more than a billion dollars in a year, you can afford good lawyers.
Source: Variety
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