(2016) Tags: Lionsgate
Voltage Pictures LLC v. Gulf Film, LLC
Voltage Pictures and Gulf Film entered into eleven distribution license agreements concerning the distribution of eleven motion pictures in certain countries in the Middle East — including the film Sniper: Special Ops. The Distribution Agreements called for all disputes to be resolved by binding arbitration under the Independent Film & Television Alliance (“IFTA”) International Arbitration Rules. A dispute arose between Voltage and Gulf Film regarding their respective rights under the Voltage Distribution Agreements.
Judgment: Gulf Films shall pay Voltage damages in the amount of $1,272,000. Gulf Films shall pay Dandelion damages in the amount of $3,120,000. Gulf Films shall pay to Petitioners in equal shares their attorney’s fees and costs incurred in connection with the Arbitration proceedings, in the amount of $94,707.51.