The Yorkin Company has sued ITC Prods. for allegedly failing to properly account for revenues from broadcast television distribution of the film “Twice in a Lifetime.”
Yorkin, in a complaint filed in Los Angeles Superior Court, claimed that ITC engaged in a series of improper accounting practices including “same-time sales, ” in which the distributor would sell the film in a group and then create two or more contracts reflecting sales of groups of films so that it could misrepresent the allocation of money between the groups.
Yorkin also alleges that ITC put the film in groups with films of no value so that it could allocate revenue to those films, the suit said, and failed to allocate distribution money on a fair or reasonable basis.
The suit seeks at least $ 2 million in compensatory damages and unspecified punitive damages.