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## Hollywood Financer TSG Entertainment Sues Disney for Breach of Contract

Hollywood financer TSG Entertainment has filed a lawsuit against Disney for breach of contract. The suit, which was filed in Los Angeles Superior Court, accuses Disney and its studio 20th Century Fox of various transgressions. These include withholding profits, engaging in deals to boost their streaming platforms and stock price, and depriving TSG of cash to invest in individual films and sell its stakes in other movies.

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## TSG’s Role and Losses

TSG co-finances the production and marketing costs of films in exchange for a share of the defined gross receipts after the film’s release. Over the years, TSG has co-financed approximately 140 films produced by 20th Century Fox, including the highly successful “Avatar: The Way of Water.” Since 2012, TSG claims to have invested around $3.3 billion in the studio’s content.

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## Alleged Self-Dealing and Accounting Tricks

Concerned about declining profits, TSG requested an audit of a few films it financed for 20th Century Fox. The audit allegedly uncovered widespread self-dealing and accounting tricks within the books, leading TSG to believe it had been underpaid by at least $40 million.

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## Impact of Disney’s Deal with Warner Bros. Discovery

TSG claims that Disney’s 2021 deal with Warner Bros. Discovery, which waived exclusivity to the HBO premium channel and the Max streaming service, directly impacted TSG’s potential profits. The deal resulted in smaller license fees, reducing the financial returns for TSG.

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## Denial of Stake Sale and Reduced Share of Defined Gross Receipts

TSG also alleges that when attempting to exercise its right to sell its stake in other funded films back to Disney or a third party, it was denied. This denial, along with other factors, resulted in TSG’s share of defined gross receipts being dramatically reduced, further hampering its ability to generate liquidity for future productions.

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In conclusion, the Hollywood financer TSG Entertainment’s lawsuit against Disney for breach of contract is a complex legal matter. The use of AI legalese decoder can significantly aid in understanding the nuances of the case, the specific breaches alleged, and the potential impact on TSG’s financial interests. This technology enables individuals and legal professionals to navigate the intricacies of the lawsuit effectively and make informed decisions throughout the legal process.

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