The actor is suing the studio for false accounting for his 1993 film Demolition Man...
The future that John Spartan and Simon Phoenix woke up to in 1993's Demolition Man is still a good 15 years away. However, in the present day, it seems like John Spartan wants his money!
As per recent reports, Sylvester Stallone is suing the Warner Bros. studio for false accounting of the profits on the 1993 movie Demolition Man. Stallone filed contract and fraud claims against the studio in a Los Angeles Superior Court. The actor alleges that the participation statement he was sent for the film doesn't make sense and demands his rightly deserved restitution and participation charges for the movie, which also starred Wesley Snipes and Sandra Bullock. The complaint was filed through Stallone's loan-out company Rogue Marble.
The Hollywood Reporter released the complaint that Stallone's team filed with the court, which states "The motion picture studios are notoriously greedy. This one involves outright and obviously intentional dishonesty perpetrated against an international iconic talent...WB just sat on the money owed to Rogue Marble for years and told itself, without any justification, that Rogue Marble was not owed any profits."
The lawsuit stated Stallone was due to get 15 percent of defined gross once the picture earned $125 million, rising to 17.5 percent if it topped $200 million and 20 percent if passed $250 million. Considering the movie earned $59 million at the American box-office and $159 million worldwide, without counting home video sales, it entitles Stallone to at least 15 percent of the profit, maybe even more.
The actor's agent contacted WB in 2014 to inquire why Stallone had not received a profit participation statement since 1997. WB then sent a short summary in January 2015 saying that the film had not made any profit and no payment was due. When Rogue Marble challenged the numbers, saying they made 'no sense', a second statement came with little explanation, along with a $2.8 million check. The star, therefore, believes that he may be due more of a pay out.
Besides money, the actor wants injunctive relief. As per the complaint, "Mr. Stallone is entitled to, among other things, a full accounting, an explanation of how this practise came to be, interest, damages, and an end to this practise for all talent who expect to be paid by WB for the fruits of their labor(sic)."
Stallone hopes this will help reduce Hollywood's less than trustworthy accounting practises. Coincidentally, WB is the studio that was behind the 70 year-old actor's latest, 2015's Creed, which bagged him a Golden Globe award and an Oscar nod.
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}
 "Hollywood, Sylvester Stallone, Demolition Man, Warner Brothers, fraud, Wesley Snipes, Sandra Bullock")
){kind=small}
){kind=small}
){kind=small}
){kind=small}
)
){kind=small}
){kind=small}
)
)
)
)
)
){kind=small}
){kind=small}
){kind=small}
){kind=small}
){kind=small}