IM faces another suit over 'Stopping Power'
R Media Acquisitions sues over a contract disputeMUNICH -- Troubled Munich-Los Angeles film group IM Internationalmedia AG, which filed for bankruptcy protection in August, has been sued in California state court by R Media Acquisitions LLC for 5.5 million euros ($7.7 million) over a contract dispute connected with the never-completed John Cusack thriller "Stopping Power," the company said Wednesday.
Intermedia could not be reached for comment in Munich on Wednesday.
This is the second lawsuit relating to "Stopping Power," which abruptly ceased production one year ago this month. Cusack himself filed suit against both IM and R Media in July, for $5.6 million.
R Media acquired Stopping Power GmbH from IM last September. At the time, IM said that R Media had "under(taken) to assume all liabilities resulting from the production of the film."
IM also released its second-quarter figures Wednesday. While the company is still in the red, the complete absence of production costs from the budget has cut IM's negative post-tax result by 1 million euros to negative 3.7 million euros (negative $5.2 million). Revenue came to 3.4 million euros ($4.8 million), mostly from exploitation of the company's film library.