RHI colorized ‘Life’ rights expire Dec. 31

In the spirit of the season, RHI Entertainment has settled a licensing dispute with Republic Pictures over a colorized version of the classic Frank Capra holiday film “It’s a Wonderful Life.”

Under an agreement announced Tuesday by the two companies, RHI will give up broadcast, cable and homevid distribution rights to a colorized version of the pic Dec. 31.

The settlement, which makes Republic the movie’s exclusive distributor, should put to rest the fears of some station execs who were concerned about their ability to air “Life” this Christmas season.

Republic earlier this year had taken out trade ads calling into question RHI’s continuing ability to license the film.

The squabble arose when Republic obtained exclusive rights to the music and some story elements of “Life.” Its proprietary rights conflicted with an earlier copyright obtained by RHI-predecessor Qintex Entertainment, which had colorized the movie when it was in the public domain.

The agreement with Republic requires RHI to terminate its exclusive homevid agreements with Video Treasures in the U.S., Gaga in Japan and Transvideo in Portugal.

Other terms were not disclosed by the parties.

RHI president-CEO Robert Halmi Jr. called the settlement “fair,” while Republic chairman Russell Goldsmith said, “We are very proud to be the exclusive distributor of this all-time classic motion picture.”

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