'Pocoyo' writer suing producer Zinkia

Guillermo Garcia Carsi wants bigger share of profits

MADRID -- Guillermo Garcia Carsi, one of the three authors of pre-school animated series "Pocoyo" is suing Madrid-based producer Zinkia for a greater share of net profits.

According to the suit, the co-author is seeking 10% of license revenues and 2% of broadcast and home video sales, as well as back payments in keeping with these percentages.

Presently, Garcia Carsi is reportedly entitled to 0.5% of the profits from the first season.

Meanwhile, starting Oct. 13, Zinkia will offer €11 million ($15.3 million) worth of three-year bonds, with an annual interest of 9.75%.