PARIS — Wild Side, the video distribution subsid of France’s Bac Majestic, agreed to pay Miramax more than $2 million Thursday in a legal wrangle between the two former partners.
Miramax ended a long-standing output deal with Jean Labadie’s Bac earlier this year to team up with French broadcaster TF1 in theatrical distribution joint venture TFM.
But Labadie claimed that Miramax’s move was illegal and went ahead with the video distribution of three Miramax titles: “Scary Movie 2,” “Spy Kids” and “Malena.”
The $2 million that Wild Side agreed to pay is the equivalent of a minimum guarantee for the three titles.
After the hearing at the Paris Business Court, Bac Majestic head of legal affairs Juilette Prissard told Daily Variety that she was satisfied with the outcome. “Paying this minimum guarantee proves that there was a contract between us and Miramax,” she asserted.
However, Miramax’s lawyer Leonard Rosman, also said he was “very happy” with the agreement. “We are now going to sue Wild Side for at least $5 million for exploiting Miramax titles when they had no right to do so,” he promised.
Other aspects of the complex legal dispute between Miramax and Bac are being fought in U.S. District Court in New York and through AFMA’s arbitration forum.