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Saturday, February 12, 2011

BUSINESS: The 100 Films Affected By the Regent Lawsuit—And What the Filmmakers Can Do About It!

With approximately 100 library titles and unreleased acquisitions at stake in the $90 million lawsuit against Paul Colichman and Stephen Jarchow’s Regent Entertainment Group, some of the impacted filmmakers have told indieWIRE they are considering the possibility of uniting for a class-action lawsuit.

The Regent filmmakers must determine if they can retain rights to their films or receive any of the payments they initially expected from the company. Filmmakers tell indieWIRE they signed ownership rights over to Regent ranging from 18 to 30 years. Court documents value the Regent library at $10 million.

However, one veteran attorney said while filmmakers should take action, class-action isn’t the way to go.

Indie Film maker, Casper Andreas, posted this response on his Facebook page: "Sad for all my filmmaking friends who sold their films to Regent/Here and now have to fight to get them back. Regent/Here TV had a horrible reputation for years for never paying their filmmaker and still people kept selling to them which I could never understand."

Click Here for More on Indiewire!

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