AMC settles ‘Strolling Useless’ lawsuit with filmmaker Frank Darabont for $ 200 million
Wanderer from “The Walking Dead”
AMC Networks has resolved a lengthy legal battle with filmmaker Frank Darabont and the Creative Artists Agency for $ 200 million over the cable owner’s longtime zombie series “The Walking Dead.”
That deal comes less than a month before the start of the series’ eleventh and final season.
In the settlement filed with the SEC on Friday, AMC will purchase all rights to “The Walking Dead” and all related spin-offs from Darabont, executive producer and creative force during the first two seasons of “The Walking Dead”. In addition to the cash payment, the settlement provides for a share of the revenue 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 comparison also includes cease and desist clauses, confidentiality and waivers.
AMC said it added a $ 143 million charge in connection with the settlement in the quarter ended June 30.
Darabont and CAA first filed a lawsuit in late 2013 when the series was among the most popular on television. Darabont and the company had requested approximately $ 300 million in profit-sharing payments, and the lawsuit for the lawsuit was due to begin in April 2022.
Darabont’s attorney and CAA did not immediately respond to CNBC’s requests for comment.
“The Walking Dead,” based on Robert Kirkman’s comic, premiered in 2010 and spawned spin-offs “Fear the Walking Dead” and “The Walking Dead: World Beyond”. Its final season premieres on August 22nd.