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It is rare that a hit network television series is cancelled, as recently occurred with the ABC series Roseanne. But when that happens, the immediate and long-term implications for the network, producers, talent and other entities related to the series can be significant. The network will lose advertising revenues and the promotional value of the series, and the production company, talent and others performing services in connection with the series may lose guaranteed, and in some cases contingent, compensation in connection with the series. The cancellation of Roseanne [following a controversial tweet by the lead actress about a former adviser to President Obama] and the ordering of the Roseanne-Barr-less offshoot series The Conners not only is interesting from a creative and cultural perspective, but also provides a lens to view aspects of various arrangements in the television series business.
By Stan Soocher
Disputes over film financing agreements are common, but there are few court decisions that address film financing dustups involving §10(b) of the federal Securities Exchange Act. Now the U.S. District Court for the Middle District of Florida has issued a ruling that addresses the pleading requirements for alleging a §10(b) violation, in litigation between an investor and a film production company.
By Michael S. Poster
The purpose of a Weinstein clause is to provide assurance that the target company (including its officers and executives) is not a hotbed of sexual harassment or a ticking time bomb of claims waiting to explode. This article on drafting and negotiating Weinstein clauses should help entertainment and media deal teams balance these risks.
By Scott Graham
There was much harmony along with a few discordant notes as an en banc panel of the U.S. Court of Appeals for the Ninth Circuit took up the copyright case involving Led Zeppelin’s “Stairway to Heaven.”
By Michael F. Snyder
The ownership of intellectual property rights can be at the core of legal disputes involving pop culture icons. Considering the goodwill, effort and money spent in building a brand, character or commercial impression, it is not surprising that parties to intellectual property agreements find themselves revisiting their arrangements over time. That is what is happening in two recent federal lawsuits, one in New York involving a beloved figure in Philadelphia sports and the other in California focused on the Old Spice cologne commercial jingle.