Mattel Sues MGM For ‘Masters’ Pay

Mattel has filed suit against MGM/Pathe, claiming the studio has not made a payment under a licensing agreement pertaining to the toy-line-inspired 1987 film “Masters Of The Universe

Mattel’s complaint, filed in Los Angeles Superior Court, alleges MGM/Pathe promised to pay the toy company $650,000 when gross receipts of the film equaled $50 million.

According to Mattel, that occurred in December 1989, but it has still not been paid. “Masters Of The Universe” was released by Cannon, subsequently acquired by Pathe, in association with Edward R. Pressman Film Corp. in 1987.

It was based on a Mattel toy line, whose He-Man character reached the height of its success in the mid-1980s.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Film News from Variety

Loading