×

Sylvester Stallone Settles ‘Demolition Man’ Profits Dispute

Sylvester Stallone has reached a confidential settlement with Warner Bros. in a dispute over profits from four films, including the 1993 action film “Demolition Man.”

Stallone filed suit in April 2017, claiming he had not received any profit participation from “Demolition Man” for a period of 18 years. Under his contract, Stallone was entitled to at least 15% of gross profits from the film.

The suit alleged that Warner Bros. stopped paying his profit participation in 1997, and did not resume until after he complained in 2014. The studio’s initial response was that the film was $67 million in deficit. The studio later acknowledged that Stallone was entitled to additional profits, and sent him a check for $2.8 million.

Stallone filed suit, alleging that he still had not been sufficiently compensated. Warner Bros. attorneys countered in June 2017, arguing that the suit was a “transparent attempt to grab some headlines and wring more money out of Warner on top of the millions of dollars of contingent compensation that (Stallone) has already been paid under the terms of the parties’ agreement.”

In 2018, Stallone amended the suit to allege that he had not received adequate payments for three other films: “The Specialist” (1994); “Cobra” (1986); and “Tango & Cash” (1989). The two sides have since been battling over discovery issues.

On Tuesday, the court was notified that the two sides have settled the dispute.

“The matter has been resolved,” Neville Johnson, who represented Stallone’s loan-out company, Rogue Marble Productions, told Variety.

A Warner Bros. spokesman was similarly tight-lipped: “The dispute has been amicably resolved.”

More Film

  • Curveball

    'Curveball': Film Review

    Farce is not a genre we commonly associate with the Germans, but then, as “Curveball” reminds us at the outset, this wildly atypical Teutonic satire — which plays like a cross between “Wag the Dog” and “Dr. Strangelove” in its portrayal of incompetence at the highest levels — is “A true story. Unfortunately.” More mea [...]

  • Minions Rise of Gru

    'Minions: Rise of Gru,' 'Sing 2' Release Dates Pushed Back, 'Wicked' Indefinitely Delayed

    Universal Pictures is shaking up its release calendar, setting new dates for Illumination’s “Minions: The Rise of Gru” and “Sing 2.” The “Minions” sequel will now hit theaters next summer, on July 2, 2021. “Sing 2,” originally set to open on that date, has been pushed to Dec. 22, 2021, leaving “Wicked,” an adaptation of [...]

  • Former Hulu Chief Jason Kilar Named

    Former Hulu Chief Jason Kilar Named CEO of WarnerMedia

    Former Hulu chief Jason Kilar has been named CEO of WarnerMedia, giving him oversight of Warner Bros., HBO, the Turner cable assets and the company’s nascent HBO Max streaming platform. Kilar succeeds John Stankey, who was upped in September to AT&T president and chief operating officer. Kilar’s name had surfaced as a contender for the [...]

  • Cargo

    'Cargo': Film Review

    Another word for “Cargo,” a truly unique blend of Hindu mythology and mid-concept science fiction about a futuristic new process by which the recently deceased are beamed onto a spaceship far away in order to have their memories wiped and their souls cleansed for reincarnation, might be “baggage” — as in, dead people show up [...]

  • HTC Headset

    Taiwan Launches Int'l Grant Scheme to Boost VR Content Production

    Taiwan has launched a grant scheme to boost the island’s status as a global hub for virtual reality production. It is offering finance to projects co-produced by companies established in Taiwan and internationally, but excluding those from mainland China, Hong Kong and Macau. The three-year Immersive Content Grant for International Joint Ventures or Co-Productions under [...]

More From Our Brands

Access exclusive content