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'Walking Dead' creator sues AMC over profits
Posted By -NO AUTHOR- On 12/22/2013 @ 12:04 pm In Diversions,Money | No Comments
(CNN) — The creator of “The Walking Dead” television series accuses AMC of cheating him out of millions of dollars in profits from the zombie hit.
AMC, which produces the series, allegedly charged its own cable network an “artificially low” license fee to carry the show, according to a lawsuit filed by Frank Darabont Tuesday.
“The sole goal of this sham transaction is to enhance the profits of the parent company by minimizing the revenues that go into the ‘pool’ of funds for the show’s profit participants,” the complaint said.
Frank Darabont worked for years to develop the television series from Robert Kirkman’s comic book series, the lawsuit said. It became a “monumental hit” for AMC when it debuted in 2010, it said.
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