Oscars Landlord Fires Back at Kodak in Court

CIM Group, which developed the Hollywood & Highland complex, objects to Kodak's attempt to remove its name from the popular theater

The landlord for the Oscars theater has struck back in court against Kodak's attempt to get its name off the theater weeks before the biggest event in film.

In a filing Wednesday, CIM Group, which developed the Hollywood & Highland complex that houses the Kodak Theater, accusing the bankrupt company of trying to pull out of its contract after it has already reaped the benefits of it.

A hearing is set for Feb. 15, less than two weeks before this year's Oscar ceremony.

Also read: Kodak Wants Its Name Off Oscar Theater — Will AMPAS Approve Next Sponsor?

In its motion, CIM insisted it has held up its end of the bargain struck back in 2000 — when the Oscars moved to the newly opened Hollywood & Highland complex and Kodak stuck its name on the theater.

Kodak's attempt to back out after its has reaped the benefits “is not only legally impermissible, but practically impossible,” the motion states.

CIM argues that Kodak must still pay its annual installments, at least for this year since the Awards are so close.

Most of the filing details the various benefits Kodak has accrued, citing the “national and international exposure” that comes with having the name on the theater, especially in light of events like the Oscars.

The filing asks the court to uphold the sponsorship agreement, at least through 2012.

Tom Sherak, the Academy’s president, has stressed that the matter is between Kodak and CIM. However, the Academy can reject a new sponsor if it doesn’t like it.

The Academy has also discussed moving the site of the Oscars, but its talks with CIM continue.

Pamela Chelin contributed to this report.

  • Devin McMusters

    Kodak is laying off people everyday.  They don't have any money to pay for a sign on a theater.

  • sidewalk

    The misguided thinking is: if you haven't been Twitter Facebook Internet blog relevant in the last 15 minutes, you are not relevant at all & must immediately disappear into obscurity.

    Kodak says and means filmmaking. Keep the Oscars in Hollywood, and don't be so short-sighted and such wilting daisies all you rhino-skinned warriors out there in the business.