11:39am PT by Ashley Cullins
Sony Pictures Sued by 'Wild Oats' Financier
Sony is being sued by one of the financiers of Wild Oats for failing to timely pay nearly $1 million, according to a complaint filed Wednesday in California federal court.
Impex Enterprises, a Bahamas-based financier on the film, is suing Sony Pictures Worldwide Acquisitions for breach of contract.
According to the complaint, Sony was due to pay Impex $855,000 no later than 10 days after the U.S. theatrical release of Wild Oats. The comedy opened Sept. 16, triggering a payment due by the end of that month. Impex also says Sony owes it an additional $95,000 payment, which was due at the same time.
Impex claims Sony refused in writing to make the payments, and is suing for $950,000 in damages plus interest.
Wild Oats, starring Shirley MacLaine and Jessica Lange, opened in only about a hundred theaters and grossed $40,000 in domestic box-office revenue.
Sony Pictures declined to comment on the suit.