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Film remains a director’s medium, considering that the director will always give shape and vision to the writer’s words. Further, the director is frequently involved in the creation of the script, so that his or her vision may be more readily realized. The cost of first-time independent films is going down, as smartphones may be used to create all the footage. As the ability to tell a story in short form becomes more readily accepted, the director’s influence may be more important than the financier’s or the other talent.
Some Guidance on Federal Securities Law and Film Financing Disputes
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.
‘Weinstein’ Clauses In Acquisition Agreements
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.
Sparks From En Banc Arguments In Song Suit Against Led Zeppelin
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.”
Cultural Icons Spawn Lawsuits Worth Close Looks
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.
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