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Entertainment & Sports

May 27, 2010

Paramount Faces $200 Million Lawsuit

An investment firm has filed a $200 million lawsuit against Paramount Pictures, accusing the studio of underreporting revenues from dozens of movies to avoid sharing profits with third-party financiers.

By Jean-Luc Renault

Daily Journal Staff Writer

LOS ANGELES - An investment firm filed a $200 million lawsuit against Paramount Pictures, accusing the studio of underreporting revenues from dozens of movies to avoid sharing profits with third-party financiers.

Content Partners, a firm owned by Dallas Mavericks owner Mark Cuban that buys parties out of profit-sharing deals in exchange for being able to collect future royalties, ...

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