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AMC will settle a “Walking Dead” proceeding with filmmaker Frank Dalabont for $ 200 million.

“The Walking Dead” Walker

Source: AMC

AMC Networks has settled a long legal dispute between filmmaker Frank Darabont and the creative artist agency for $ 200 million over the long-standing zombie series The Walking Dead, the owner of cable networks.

The settlement will take place within a month of the start of the 11th final season of the series.

In a settlement filed with the SEC on Friday, AMC purchased all spin-offs associated with all rights to The Walking Dead from Executive Producer and Creative Force Darabont during the first two seasons of The Walking Dead. I will. In addition to cash payments, the settlement will provide revenue sharing for future streaming exhibitions of “The Walking Dead” and “Fear the Walking Dead” to Darabont.

Darabont is an Oscar-nominated filmmaker who directed “The Shawshank Redemption.”

The settlement also includes, among other provisions, a pledge not to file a proceeding, confidentiality and a waiver.

AMC said it cost $ 143 million in connection with the quarterly settlement ending June 30.

Darabont and CAA first filed a proceeding in late 2013, when the series was the most popular on television. Darabont and the company are seeking payment of approximately $ 300 million in profit participation, and the proceedings were scheduled to begin in April 2022.

Darabont’s lawyer and CAA did not immediately respond to CNBC’s request for comment.

Based on Robert Kirkman’s comic, “The Walking Dead” premiered in 2010 and created a spin-off of “Fear the Walking Dead” and “The Walking Dead: World Beyond.” Its final season will premiere on August 22nd.

AMC will settle a “Walking Dead” proceeding with filmmaker Frank Dalabont for $ 200 million.

Source link AMC will settle a “Walking Dead” proceeding with filmmaker Frank Dalabont for $ 200 million.

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