Variety, October 6th, 1997
A California Court of Appeal resolved that a film obtained from a negative pickup deal can be confiscated and sold under a studio to satisfy a third-party legal ruling. Thus, ownership of the film 'The Grass Harp' was given to the person who arranged its funds rather than to its distributor, New Line Cinema Corp.
HOLLYWOOD - Attention, studios: Despite what you may think, a court recently ruled that you don't own all the films in your library.
On Sept. 12, the California Court of Appeal decided that a film acquired through a negative pickup deal could be seized and sold out from under a stud...
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