$2.3 million recovered from DVD distributor in favor of Central Partnership
MOSCOW, February 9 - RAPSI. A commercial court satisfied Central Partnership Sales House's lawsuit against the CP Digital DVD distributor on the recovery of $2.32 million, the Russian Legal Information Agency (RAPSI/rapsinews.com) reported from the court on Thursday.
The lawsuit is centered on 13 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 52.4 million rubles ($1.66 million) in debt and 17.9 million rubles ($567,000) in penalties.
CP Digital disagrees with the debt amount as some of the rights specified in the contracts had been assigned to the defendant and the statute of limitations had expired regarding some of the contracts. Moreover, CP Digital disagrees with the penalties calculation.
Central Partnership is Russia's largest distributor and a maker of motion pictures and television products. It earned 294.8 million rubles ($9.3 million) from film distribution in 2011.
CP Digital was established in 2000. It is a leader on the Russian DVD market.