Studio Backs Away From Suing Crowdfunder

Star Trek director J.J. Abrams disclosed that Paramount Pictures will soon be dropping its lawsuit against a crowdfunded fan film.

The Kickstarter funded ($600,000) to-be-produced movie was being sued for copyright infringement, which got Paramount a lot of bad publicity from the ComicCon fanboy crowd.

The organizer had previously raised $100,000 for a docudrama on the same topic which received over 2 million YouTube views.

Paramount was suing him for $150,000 and to stop the production of the new film.

http://www.thewrap.com/j-j-abrams-says-paramount-will-drop-lawsuit-against-star-trek-fan-film/

About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in accredited investor, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, Funding Portals, Jobs, Legislative Intent, SEC, Small Business, unfair and deceptive practice, VC, Venture Capital, Wall Street and tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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