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Disney, Film Financing Partner TSG Settle Lawsuit Over “Hollywood Accounting”
Disney and TSG Entertainment Finance have settled litigation from August of 2023 when the financier sued the media giant for “rampant self-dealing” and breach of the parties’ revenue participation …
Disney and TSG Entertainment Finance have settled litigation from August of 2023 when the financier sued the media giant for “rampant self-dealing” and breach of the parties’ revenue participation contract. Elsewhere in the suit it noted 2017 Oscar-winning The Shape of Water, saying Fox “gave FX in a backroom side deal that appallingly shaved nearly $4 million off of the parties’ previously agreed-upon price.” “By 2022, this admittedly thoughtless Disney strategy, and Fox’s pattern of systematic self-dealing and Hollywood Accounting, had deprived TSG of the cash it needed to fund future Qualifying Pictures.
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