An investor has filed a $1.5 million lawsuit against Voltage Pictures, alleging the company failed to properly exploit a teen comedy which flopped last fall.
Gerard Barba, a French executive in the medical logistics industry, invested $1.7 million with Voltage in 2014. The investment was intended to cover half the budget of “Good Kids,” a teen farce that appeared on the 2011 Black List. The film was written and directed by Chris McCoy, and given a limited theatrical release last fall. Box office totals were not reported, except in Lithuania, where it grossed $20,125.
Barba accuses Voltage CEO Nicolas Chartier of failing to consult with him before selling distribution rights at prices well below the agreed-upon “take” price. The suit also accuses Voltage of deliberately failing to sell the rights to certain territories. To date, Barba has received about $200,000 in proceeds from the film, according to his attorneys.
“Defendants have placed their goals and financial...
Gerard Barba, a French executive in the medical logistics industry, invested $1.7 million with Voltage in 2014. The investment was intended to cover half the budget of “Good Kids,” a teen farce that appeared on the 2011 Black List. The film was written and directed by Chris McCoy, and given a limited theatrical release last fall. Box office totals were not reported, except in Lithuania, where it grossed $20,125.
Barba accuses Voltage CEO Nicolas Chartier of failing to consult with him before selling distribution rights at prices well below the agreed-upon “take” price. The suit also accuses Voltage of deliberately failing to sell the rights to certain territories. To date, Barba has received about $200,000 in proceeds from the film, according to his attorneys.
“Defendants have placed their goals and financial...
- 4/21/2017
- by Gene Maddaus
- Variety - Film News
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