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In a lawsuit stemming from a complicated deal, Momentum Pictures is suing Bob Yari Prods (yes, he of the “Crash” litigation), claiming it is now owed $1.36 million. According to this complaint filed in U.S District Court in Los Angeles, Yari produced the Jackson-starring “Resurrecting the Champ” and signed a UK distribution agreement with Momentum.
As part of the agreement, Momentum paid a “Minimum Guarantee” of $1.4 million and had the ability if it failed to recoup the money from box office receipts to recoup from a future Yari project called “Man on the Ledge,” starring John Travolta. Under the terms of the contract as alleged, Momentum could also “put” its rights to the “Champ” picture and get a repayment of the “Minimum Guarantee.”
The Travolta film was never made and Momentum exercised its rights to “put” the “Champ” picture to BYP. These events led Momentum to demand its money back from Bob Yari, who allegedly has failed to give it. The complaint contains a copy of the original agreement.
The plaintiff is represented by Bruce Van Dalsem. Interesting trivia: Van Dalsem is a partner at the Quinn Emannuel firm, which defended the Producers Guild of America against Yari’s claim that he should have received an Oscar for producing 2006 best picture “Crash.” The firm probably isn’t on Yari’s holiday card list.
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