The two sides reached a conditional settlement in September, but Kylin’s lawyers stated in their court papers that a complete resolution still required the completion of some remaining terms.
The 62-year-old Costner, along with production company Treehouse Films LLC, sued Kylin Pictures in October 2016, alleging breach of contract.
According to the complaint, Treehouse and Beacon Films signed a deal in April 2016 to produce “Shanghai Sojourners,” the story of a Chinese woman who falls in love with a Jewish man during World War II and tries to help him escape the Nazis.
According to the lawsuit, Costner and producer Armyan Bernstein were set to receive a combined producing fee of $3 million. On top of that, Treehouse and Beacon were to receive a $1 million overhead fee and a share of profits, the complaint alleged.
During the Shanghai International Film Festival in the summer of 2016, Kylin promoted the film and highlighted the involvement of Costner and Treehouse, resulting in investments in the film. According to the suit, Kylin had already decided to fire Costner and Treehouse, but waited until August 2016 to tell them.
Kendig dismissed the lawsuit’s fraud claim in 2017 because Costner’s attorneys could not show Kylin had any duty to the plaintiffs to disclose an alleged intent by the company to later repudiate the agreement.
– Article written by Christina Kelly for MynewsLA.com. Find the article here.
Disclaimer: Please note that the information contained within this news post and site is offered simply as a consideration to visitors who are in the entertainment industry and are seeking to learn more about various areas of entertainment, be it in film, movies, television, music, digital, new media, film financing, merchandising and/or branding. As such, the information so provided should never be construed as legal advice. If you need further assistance or legal advice for your specific matter, please do not hesitate in contacting an entertainment attorney (film, music, digital, licensing, financing) here in Los Angeles, California at The Hollywood Lawyer by(1) emailing us at email@example.com; (2) calling us at (323) 300-4184; or (3) filling out our online form.