Stan Lee’s Movie Ideas Get a ‘Look’"), and executives Gill Champion and Shane Duffy, alleging that the company forged or otherwise fraudulently obtained exclusive rights to Lee’s name, image, and likeness and seeking $1 billion in damages. The suit notes Lee’s long history of granting non-exclusive rights to his name and argues that he never would have signed away exclusive rights if he knew what he was signing. Lee, who is legally blind from advanced macular degeneration, normally has documents read to him before signing and was never read any exclusive rights agreement to his name and likeness, the suit alleges.
The suit comes in the wake of the sale of POW!’s assets to Hong Kong-based company Camsing International Holding last year (see "Geek M&A Round-Up"). After that transaction, Camsing’s Duffy took over as CEO, and Champion, who’d been an executive at POW! for years, was moved to President. In the suit, Lee alleges that he did not agree to the terms of the sale to Camsing, and notes that he is now being sued by shareholders of POW! over the deal.
This is only the latest in a series of unfortunate events surrounding Lee, including, most recently, a lawsuit against Jerardo Olivarez alleging that Olivarez transferred $4.6 million out of Lee’s Merrill Lynch account without permission (see "Stan Lee Sues Former Manager").
Problems with the companies with which Lee has been associated did not begin recently, however. An earlier company, Stan Lee Media, went down in 2000, with the co-founder fleeing the country after a high-priced political fundraiser exposed financial shenanigans (see "Political Fundraiser Sank Stan Lee Media").
Against POW! Entertainment
Posted by Milton Griepp on May 15, 2018 @ 10:11 pm CT
Week of May 28, 2019
May 27, 2019
This spring has been an especially weak season for movies on disk, and this week is no exception, though there are a few bright spots—Neil Jordan’s psychological thriller Greta, the sear labor documentary Bisbee ’17 , the latest seasons of South Park and Outlander , plus the second half of the award-winning mecha anime Darling in the Franxx .
'Avengers: Endgame' Only the 2nd Film to Pass $800 Million Domestic
May 26, 2019
Guy Ritchie’s live-action/hybrid adaptation of Disney’s 1990 animated feature Aladdin earned $86.1 million over the first 3 days of the Memorial Day weekend.