Frank Darabont, Oscar nominee behind him Shawshank redemption, was a key figure in bringing The walking dead AMC back in 2010. A few years later, showrunner and executive producer realized that he would not be reimbursed properly for his stake in the show, and a lawsuit was filed.
Well, more lawsuits i a few reversals later, AMC has now agreed to pay a $ 200 million settlement to Darabont over its dispute, which claimed that the network “used questionable accounting to reduce their profits”, according to Hollywood Reporter.
The news was revealed as part of an AMC report to the U.S. Securities and Exchange Commission. The settlement agreement provides for the payment of cash in the amount of USD 200 million (“Settlement Collection”) to the plaintiffs and the future distribution of revenues related to certain future streaming exhibitions. The walking dead i Fear The Walking Dead“, It is stated in the statement. He later revealed $ 143 million of that for “extinguishing the plaintiffs’ right to any compensation in connection with The walking dead and any related program and stock rejection “and that $ 57 million was for” participation in the usual course. ” Basically, AMC paid $ 200 million to settle the past and cover any future earnings that Darabont would earn in the show.
Which, obviously, is a lot of money. But it is also a settlement itself. Although this case is now over, that means hypothetically, had this lawsuit gone further down the road and it was eventually determined that the AMC was actually lying about these things, it would probably have had to pay more. (At one point Darabont said $ 280 million.) And that is just a hint of how incredibly profitable this show was and which still remains. Besides, this is not the end for the network. The original creator of the comic, Robert Kirkman, has a similar lawsuit that is still ongoing.
The walking dead returns next month with the first part of his 11th and final season.
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