Logo

Home
Top News
Trials
People
Photo Galleries
Video
Court TV Extra
Primetime

13th Juror
Legal Help
Most Wanted
Chat
Message Boards
Newsletters

The Smoking Gun
Crime Library
Choices and Consequences

About Court TV
Store

Site Map
 
 
 
Updated March 21, 2006, 9:43 a.m. ET

Producer of blockbuster film 'Chicago' sues Miramax for $10 million

NEW YORK (AP) — A producer of the Academy Award-winning movie "Chicago" filed a $10 million lawsuit Monday against Miramax Films Corp., accusing it of failing to give his company its share of hundred of millions of dollars the movie earned.

The Producer Circle Co. says in its lawsuit it is the owner of the film rights to the musical "Chicago," a Broadway hit of the 1970s that Miramax agreed to produce with PCC as a movie. PCC said it was to receive part of the film's gross.

Martin Richards, founder and principal of PCC, says in court papers he and Miramax founders Bob and Harvey Weinstein were producers of "Chicago." The movie opened in December 2002 and became "the highest grossing and most profitable movie ever released by Miramax," court papers say. It won six Oscars including best picture, with Richards collecting the producer award.

Miramax spokeswoman Emily Baer said she had not seen the lawsuit and could not comment.


Story continues
advertisement

The film, which starred Richard Gere, Catherine Zeta-Jones and Renee Zellweger and was directed by Rob Marshall, was based on a play by the late Bob Fosse and Fred Ebb. They based their work on an earlier play written by Maurine Dallas Watkins.

The musical is about two women is 1920s Chicago who achieve celebrity and notoriety while awaiting trials on separate murder charges.

PCC said that although it believes the movie has grossed more than $300 million, Miramax has failed to pay PCC the percentage it is owed.

"While PCC is unable to determine with precision the amounts that it is owed, it estimates that Miramax' breach of contract has cost it no less than $10 million," court papers say.

Richards says he and his company were victims of Hollywood-style accounting in which two types of accounting occur at the same time: One type is for financial reporting purposes, and the other is for calculating how much individuals will get.

Those who get "gross profit" deals earn huge sums while those who get "net profit" deals — money that is left after many deductions and expenses — generally get nothing from a film's profits, court papers say.

The lawsuit says Miramax is trying to impose upon PCC a "net profits" deal that it never agreed to.

In addition, court papers say, PCC charges that Miramax has shortchanged PCC by not accounting for DVD sales, foreign distribution and other sources of income.

It is not clear how much Richards and his company have received, but court papers only mention $500,000 -- $300,00 as a producing fee and $200,000 when the movie passed its "first cash break even level."

E-mail | Print



Shows On Court TV
Weekly Schedule
Today's Trials
VT v. Schreiner -
73 Year Old Woman Charged with Murder

VT v. Schreiner -
73 Year Old Woman Charged with Murder

AZ v. Schwartz -
Doctor Accused of Contracting Partner's Murder

Primetime
Catherine Crier LIVE
5:00pm

World's Scariest Police Stings
8:00pm: NEW! Enter the dangerous world of police undercover operations as hidden cameras catch criminals red-handed.

Forensic Files
9:00pm: NEW! "Penchant for Poison" - After a woman dies from arsenic poisoning, investigators learn of other possible victims.

Forensic Files
9:30pm: "Nailed" - Advances in forensic science and DNA testing enable police to nail the killer.

Psychic Detectives
10:00pm: NEW! "A Dangerous Ride" - Will a psychic be able to solve the case of a missing woman who vanished from a house party?

Psychic Detectives
10:30pm: "Officer Down" - A psychic's most amazing clue comes when he's presented with a group of mugshots.

*All times ET
 

 

Contact us
©2006 Courtroom Television Network LLC. All Rights Reserved.
Terms & Privacy Guidelines

 
advertisement