‘Spinal Tap’ Co-Creators Reach Royalties Settlement With Studio

He was eventually joined by Reiner, McKean and Guest in the suit.In addition to settling with Vivendi concerning the film, they also previously reached a settlement with Universal Music over soundtrack revenue as well.According to a status report to the judge, both parties state they reached an agreement with plans to prepare a long-form settlement agreement that will include "restructuring the parties' relationship and modifying contracts pertaining to the picture's distribution."66 Most Important Moments in Metal History
Source: ‘This Is Spinal Tap’ Co-Creators Reach Royalties Settlement With Studio
Filed Under: spinal tapCategories: News 18)Shearer, who played Derek Smalls in the film, initially filed suit against Vivendi back in October of 2016, seeking $125 million from Vivendi over unpaid royalties. The actor-musician alleged that he and the other co-creators were paid just $98 between 1989-2006 for soundtrack sales and just $81 in merchandising royalties between 1984-2006."I am just one person seeking redress for blatant injustice, but I hope this lawsuit will, in its own way, help set a new precedent for faithful and transparent accounting practices, and fair artistic compensation, industry-wide,” said Shearer at the time. According to the Hollywood Reporter, attorneys for the group as well as Vivendi and their Studio Canal division reached a financial settlement in a California federal court on Friday (Sept. Chad ChildersPublished: September 21, 2020Pete Cronin, Getty ImagesShare on FacebookShare on TwitterThis Is Spinal Tap co-creators Harry Shearer, Rob Reiner, Michael McKean and Christopher Guest have a deal in place that should resolve their ongoing legal dispute over owed royalties.

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