Suit Charges Cineplex Backed Out of 25 Films
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Cineplex Odeon Corp. and its Los Angeles-based subsidiaries have been sued by a director and two entertainment executives who allege Cineplex backed out of a deal to produce 25 films. The suit was brought by two executives of New Vision Entertainment Corp., co-chairman Samuel Schulman and chief executive Irvine Levin, and director Angelo Drossos.
Cineplex’s alleged actions caused Carolco, a movie producer and distributor, to back out of negotiations with the plaintiffs to produce the movies--an agreement that would have brought the plaintiffs about $11 million, according to the suit.
It seeks unstated damages plus punitive damage.
A spokeswoman for Cineplex, a theater operator and entertainment company based in Toronto, said that she had “no information” about the suit, which was filed Monday in U.S. District Court in Los Angeles.
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