Goldcrest Sues Summit Over “Twilight” Finance-Fraud

Goldcrest Film Distribution, a financier to the original “Twilight” movie is claiming that it is owed millions of dollars plus interest from Summit Distribution accusing them of twilight‘erroneous, deceptive and improper accounting practices.’

In the lawsuit filed in Los Angeles Superior Court Goldcrest claimed that it entered into an agreement with Summit in March, 2008, in which it bought certain distribution rights to “Twilight” in a pre-sale, and paid Summit $10 million to help cover the cost of making movie and three other films. The company accused Summit to understate its revenues and overstate its costs.

The suit states the movie cost $40 million to make and generated $392 million in worldwide box office revenue.

Summit gave no immediate comment.

 
Sankha Ghosh

About Sankha Ghosh

Sankha Ghosh was never born in that 'City of Joy', never was a banker, never watched a Godard, never loved Kafka, never fell for that Solitary Reaper, never danced on a friend’s wedding, never fought for human rights, never had a crush at college and never ever aspired to work on a novel! Never was he as simple as this! #He wishes
Tags:

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

©2024 SpectralHues. Powered by SpectralHues. Designed by Vipul Madhani

Log in with your credentials

Forgot your details?