Showing posts with label profits. Show all posts
Showing posts with label profits. Show all posts

Tuesday, November 18, 2008

Singer Prince Being Sued by Perfume Maker

The singer Prince is being sued by a perfume company named Revelations Perfume and Cosmetics Inc. that claims that he and his music publisher didn't honor a contract to help market a fragrance named after the album "3121." The company says that it licensed Prince's name, likeness, and the "3121" album to market the fragrance. The company says that it spent $2.5 million and agreed to pay Universal half of the net profits from the sales of the perfume but Universal and Prince haven't participated in promotions since the fragrance launched in July of 2007.

Saturday, November 3, 2007

Hollywood Writers Go On Strike

Film and TV writers plan to go on strike Monday against the largest media companies over profits from DVDs and Internet programming. The Writers Guild of America board members voted to start the strike at 12:01 a.m. Pacific Time unless studios offer a better deal with bigger profits from DVD sales and shows sold and streamed over the Internet. They plan to start picketing in New York and Los Angeles after the strike captains meet and discuss and finalize the details.

The strike may have a big effect because all production will be stopped. The entertainment industry contributes about $30 billion a year and $80 million a day to Los Angeles.