Judge Rules on Disney Fight With Blockbuster
Walt Disney Co. can seek as much as $65 for each of the hundreds of thousands of videos it claims Blockbuster Inc. lost during a revenue-sharing agreement, a judge tentatively ruled.
Disney’s Buena Vista Home Entertainment in January filed a suit claiming that Dallas-based Blockbuster failed to account for “hundreds of thousands” of missing videos and sold videos prematurely under the agreement they signed in 1997. Blockbuster argued that Burbank-based Disney should receive no more than $32 per tape, which could have cut tens of millions from the $120 million sought by Disney.
Under the contract, Blockbuster was to share rental revenue from Disney films with the studio in exchange for reduced prices on videos.
U.S. District Judge Cormac J. Carney in Santa Ana said he’ll issue a final ruling today.
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