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Entertainment & Sports

Jul. 13, 2010

Verdicts Show Juries' Disdain for Profit-Sharing Contracts

Sometimes, history can rear its ugly head. For several entertainment companies last week, that history was the 1990s.

By Jean-Luc Renault

Daily Journal Staff Writer

LOS ANGELES - Sometimes, history can rear its ugly head. For several entertainment companies last week, that history was the 1990s.

In two separate cases, profit-participation contracts drawn up between studios and show producers more than a decade ago resulted in steep damage awards against the studios, once Hollywood accounting got put on trial, with the combined verdicts approa...

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