The Grass Harp

(1995)   Tags: New Line

LeFlore v. Grass Harp Productions, Inc.

This case involves a so-called “negative pickup” deal surrounding the motion picture production of The Grass Harp. Appellants New Line Productions, Inc., New Line Cinema Corp., and Motion Picture Guarantors, Ltd. entered this debtor judgment matter as third party claimants. They contend that they acquired a superior security interest in the motion picture THE GRASS HARP by virtue of a “negative pickup” contractual arrangement with Grass Harp Productions, Inc., the film’s producer.

Judgment: The superior court’s orders denies the third party claimants respective claims. Regardless of whatever interest a negative pickup deal may impart, it does not give appellants in this case a superior security interest.