Dispute over who bought rights first at Sundance is “amicably resolved”
Lionsgate and the Weinstein Company have settled their lawsuit over rights to Oscar-winning film "Precious: Based on the Novel 'Push' by Sapphire."
An attorney for Lionsgate told Reuters that "the matter was amicably resolved to both parties' mutual satisfaction."
Notice of the dismissal was filed Thursday in Los Angeles.
The dispute originally stems from the film's debut at the Sundance Film Festival in January 2009. The following month, Lionsgate announced it had the rights to director Lee Daniels' account of a young black woman's personal life. But TWC said it had bought the film first, but that independent film sales agent John Sloss took it to Lionsgate for a better deal. The companies then sued each other.
In that case, U.S. District Judge Naomi Reice Buchwald dismissed one of four lawsuits that resulted from the dispute, saying there was no written agreement between TWC and the film's producers, Smokewood Entertainment Group.
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