Paramount Responds to lawsuit

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Paramount Pictures gets sued by a financing partner! Hey everyone, thanks for tuning back into clevver movies, I'm Tatiana carrier with the details behind the paramount lawsuit involving some of our favorite flicks!
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According to the lawsuit, Paramount withheld profit from such hit movies as "Mission: Impossible 3," "Jackass 2" and the "Transformers" trilogy, from one of the studio's key co-financing partners.
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According to the LA times, The complaint was filed Tuesday on behalf of investors in the Melrose 2 co-financing fund, named after the street where Paramount is headquartered. One of the accusations is that the studio underestimated revenue on films by up to $16.3 million and that it improperly attributed $3 million in charitable donations to movie budgets.
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Investors in the fund, stated they have not made any profit on the $375 million they invested in 29 Paramount films over the past five years that grossed nearly $7 billion worldwide in ticket sales.
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The complaint reads: "This lopsided distribution of earnings comes about as a direct result of Defendants' practice of understating gross receipts, delaying payments to Melrose 2, overstating production and distribution costs and hindering Melrose 2's ability to...verify the revenues and costs associated with the films it funded,"
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And ofcourse Paramount responded by saying""Paramount has complied with its obligations to Melrose 2 and has been forthcoming in the audit process...We are disappointed that these sophisticated investors would choose to file a lawsuit filled with hyperbole that ignores the true facts."
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So I guess we will just have to wait and see how this all pans out! We will be sure to keep you posted as this story develops, but in the meantime, make sure you sound off below and tell us what you think about this lawsuit! Thanks for watching, see you next time!

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[TheManucool10]

@ItsMeRobin10 ...and not a single fuck was given that day

[dolphinsredskins]

I'm first everyone shut it

[CatAndreCrosby]

@hydrolito okay seriously. I don't care if he wins or loses....I was just pointing out that ClevverMovies needs to get their shit right if they want to be reputable.

[hydrolito]

@CatAndreCrosby Unless it said in Jessie contract he wasn't going to be listed as a star I doubt he has any grounds to stand on, they showed Marlon Brando in posters for Superman movie and he had very little screen time in the movie. Lionsgate might be able to counter sue him for even more money and maybe he knows he will lose but it might be a publicity stunt to get him more money.

[CatAndreCrosby]

@hydrolito lol I could totally care less about stars and their lawsuits, but I just meant that ClevverMovies isn't so clever. They labelled that video "suing Paramount" when he's suing Lionsgate. Just bothered me. I'm a little OCD about stuff like that. :)

[hydrolito]

@CatAndreCrosby Not sure Jesse has an argument if he was in movie less than five minutes might still have had an important role such as a crime drama the murder victim might have been in movie less than five minutes but the whole movie could revolve around it. Number of minutes alone doesn't determine if it's a starring role or not.

[CatAndreCrosby]

Yeah THIS video is about PAramount. How about you guys EDIT some shit and fix your video about "Paramount" being sued by Jesse E. and fix it to LIONSGATE since you're stupid. KAYTHANKSBYE.

[AngusSgXD]

yeah, i dont care...

[ssamanth777]

who the f cares, all that happens is that the rich get richer and the poor become more poor

[Flyingheart111]

Paramount Qaida they already rectrices 90% of their share... They will have to fight it out.

[loneydolly]

t( - .-)> and this is important....how??

[shadowspider9]

It's finally happened. Hollywood's greed has reached the point that they are sewing themselves for more money.