UPDATE, 10:56 PM: The tennis rackets and tensions have come down in the lawsuit over Will Smith’s film about the life and legacy of Serena Williams and Venus Williams’ father. Less than…
“The matter has been resolved informally,” says WB tonight after paperwork was put forth in LA Superior Court last week over the June 24 instigated action surrounding who actually owns the rights to the elder Williams’ story.Yes, as documents assert, the parties “have entered into a settlement of this matter, and Plaintiffs are dismissing their claims against these defendants with prejudice,” said an order signed on August 7 by Judge Mel Red Recana.
Putting more of a backspin on the situation now, not only do the Neville Johnson-represented TW3 and PMMM want wide-ranging unspecified damages from the big-budgetmovie, their court action also seeks “an injunction requiring all profits for any project using the Richard Williams Rights to be placed in trust for Plaintiffs’ benefit.”conduct as alleged above, whereby Plaintiffs disclosed ideas and materials regarding the Richard Williams Rights to Defendants for sale, i.e.
With a shifting cast of characters, the lawsuit is full of dense dealmaking, high-stakes pitch sessions and sit-downs with WB Entertainment EVP and CFO Kim Williams , plus a mention ofscript by Zach Baylin, and the CAA-repped Smith getting onboard. Ultimately, TW3 and PMMM’s complaint boils down to their assertion that they were working on the Richard Williams story before Warner Bros and Overbrook made a deal for a vehicle with Smith in the lead role.
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