Another group of actors experiences Hollywood “accounting.”

On May 30, 15 LOTR actors from New Zealand filed a complaint in Los Angeles Superior Court, stating New Line hasn’t made good on its promise to pay the thesps 5 percent of the net revenue from the sales of merchandise bearing their characters’ likenesses.

According to the complaint, the standard contract the actors signed stated, “The company has the right to merchandise the contractor’s character for payment of 5 percent of net merchandising revenue…. This includes but is not limited to the right to use the contractor’s likeness as portrayed in the film and video games.”

But after reportedly reaping $100 million in merchandising revenue, New Line has yet to pay the 15 actors a penny from that revenue.
-- Backstage.com, July 6

Posted by: Old Grouch in In Passing at 22:40:20 GMT | No Comments | Add Comment
Post contains 159 words, total size 2 kb.