Nine years after first suing AMC Networks over unpaid profits, five producers of “The Walking Dead” have scored a $120 million settlement.
\n\nThe producers — Robert Kirkman, Gale Anne Hurd, David Alpert, Charles Eglee, and Glen Mazzara — reached a deal with the cable network on Friday, avoiding a federal trial that was set to begin in October.
\n\nAMC disclosed the settlement in a securities filing, saying it expects to pay $85 million this month and another $35 million by Jan. 31, 2027. The settlement reduces the company’s expected cash flow for the year from $220 million to $150 million.
\n\nThe two sides issued a joint statement on the agreement, saying they “are pleased to announce the amicable resolution of all their remaining claims and litigation related to ‘The Walking Dead’ television franchise.”
\n\n“The parties look forward to sharing in the continued success of the franchise for many years to come,” they added.
\n\nThe producers first sued in 2017, alleging that AMC had used a definition of “modified adjusted gross receipts” that was designed to shortchange them — even though the show and its spinoffs generated billions for the company. The complaint tracked similar allegations raised earlier by show creator…
Original source: https://variety.com/