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This topic comprises 2 pages: 1 2
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Topic: Gibson suing Regal over "Passion" underpayment
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Dennis Benjamin
Phenomenal Film Handler
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Posts: 1445
From: Denton, MD
Registered: Feb 2002
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posted 06-09-2004 06:10 AM
http://news.yahoo.com/news?tmpl=story&u=/nm/20040608/film_nm/leisure_regal_dc_3
Gibson's Icon Sues Regal Over 'Passion' Box Office
Tue Jun 8,12:34 PM ET Add Movies - Reuters to My Yahoo!
LOS ANGELES (Reuters) - Actor/director Mel Gibson (news)'s Icon Distribution Inc. has sued No. 1 movie theater chain Regal Entertainment Group for more than $40 million, claiming Regal failed to pay Icon its fair share of box office receipts for "The Passion of the Christ."
In the suit, filed on Monday in Los Angeles Superior Court, Icon said its agreement with Regal called for the companies to share receipts on "studio terms," which Icon defined as 55 percent of gross ticket sales paid to it and 45 percent retained by Regal.
Icon claims Regal has reneged on that deal and offered to pay Icon only 34 percent, instead.
"The Passion of the Christ," about the final 12 hours in the life of Jesus, was the biggest movie hit of this past winter and spring. It generated slightly under $370 million in domestic markets -- the United States and Canada.
The suit did not stipulate how much of those receipts came from Regal theaters, but Icon claims it is owed actual damages in excess of $40 million. Icon also seeks punitive damages.
Regal operates over 6,000 movie screens in about 550 theaters around the world. A spokesman was not immediately available to comment.
Regal shares edged down 0.2 percent, or 4 cents, at $17.59 shortly after midday on the New York Stock Exchange (news - web sites).
Privately held Icon was formed in 1990 by Gibson to distribute films made by his Icon Productions film company, of which "The Passion" is one. Privately held Newmarket Films partnered with Icon in distributing the movie to U.S. theaters, but Newmarket is not a party in the lawsuit.
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