Business Law
Sep. 25, 2026
Jury finds company owns $13M profit rights to 'Ali,' 'Gangs of New York,' 'Traffic'
A Los Angeles jury unanimously found Library Rights Company validly acquired profit-participation rights in three major films, setting up a second trial over whether it is owed as much as $13 million.
A Los Angeles jury unanimously found that Library Rights Company (UK) Ltd. owns profit-participation rights worth up to $13 million from "Ali," "Gangs of New York" and "Traffic," clearing the way for a damages trial.
The 12-0 verdict, returned Sept. 22 after a week of testimony, concluded the first phase of LRC's trial against Content Partners LLC, CP IEG Holdings LP and GKF Distribution LP. Jurors found LRC validly acquired contingent purchase pr...
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