Рейтинг@Mail.ru
RusEng

News

Motion picture company's action against DVD distributor to be heard in February

17:25 16/01/2012

MOSCOW, January 16 - RAPSI, Alyona Yegorova. A commercial court has delayed until February 9 a motion picture company's lawsuit against a DVD film distributor for $2.2 million, the plaintiff's representative Alexander Koshkin told the Russian Legal Information Agency (RAPSI/rapsinews.com).

The lawsuit is centered on 12 contracts signed by the Central Partnership Sales House and CP Digital between 2007 and 2011 on the distribution of Central Partnership's films.

The plaintiff holds that CP Digital has not paid the amount due under the contracts in full and seeks 51.9 million rubles ($1.6 million) in debt and 18.7 million rubles ($592,000) in penalties.

Koshkin explained to RAPSI/rapsinews.com that the plaintiff adjusted its claims on Monday. Initially, the lawsuit concerned 13 contracts, but the Central Partnership

withdrew 1 million rubles ($31,700) in claims to facilitate the process.

"The amount is small and it will be covered by the penalty payments in the other lawsuits," Koshkin said.

He added that the parties discussed their positions on nine contracts on Monday.

Central Partnership is Russia's largest distributor and maker of motion pictures and television products. It gained 294.8 million rubles ($9.3 million) from film distribution in 2011, the most among Russian distributors. It has recently become Summit Entertainment's exclusive distributor on the Russian market. Earlier, it entered into a similar arrangement with Paramount.

CP Digital was established in 2000. It is a leader on the Russian DVD market. It is currently Central Partnership's exclusive distributor, and cooperates with the Paradise movies company and central TV channels, according to its website.

Share thisE-mail this articlesubmit newsAdd to blogrss feed
Add to blog
To link to this material, copy the code to your blog.
Publishing code:
Preview:

Motion picture company's action against DVD distributor to be heard in February

17:25 16/01/2012 A commercial court has delayed until February 9 a motion picture company's lawsuit against a DVD film distributor for $2.2 million.
Forward news story

All fields are mandatory!

Submit news

All fields are mandatory!

Share this

Top news