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Brad Grey and Universal are going to court for not sharing $50 million profits

By Steven Mitchell,

Paramount Pictures chief, Brad Grey, didn’t share with Universal and now Universal is taking him to court.

my favs at #Sopranos : Tony, Sil & Pauli on Twitpic

Reported by The Hollywood Reporter, Universal put the hit out on Grey for not honoring the 50-50 profit sharing arrangement they had on the HBO hit series, The Sopranos. Grey was the producer for the show and is said to have made $50 million or more in revenue.

If Universal wins, they could be taking their $25 million or so.

In 1999, the two sides agreed upon a separation pact that divided up the rights to several projects, and The Sopranos was one of them, reports The New York Daily News. Grey was paid by HBO who had no part in the claim.

The hit show debuted in 1999 and went on to be HBO’s biggest success over its six seasons. When The Sopranos came out on DVD, it was a huge seller.

The dispute between the two sides has been ongoing. In December, Universal stepped it up a notch by hiring litigator Daniel Petrocelli of O’Melveny & Myers. Grey has employed Evan Chesler from Cravath Swaine & Moore.

Reps from both Grey and Universal have declined to comment.

Photo Courtesy of TwitPic.com

 
 

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