If You Are a Profit Participant on a Motion Picture Released by Universal City Studios for Home Video or Electronic Sell-Through, You May Financially Benefit from a Class Action Settlement
UPDATE: Checks are expected to distribute on April 27th, 2016. It is too late to submit a claim to participate in the settlement. If you received a notice in the mail, you did not need submit a claim.
A settlement has been reached in a class action lawsuit over how Universal City Studios LLC (“Universal”) calculated profit participation relating to revenue derived from the sale of Home Videos (e.g. physical copies such as videocassettes, DVDs, and Blu-Ray) and Electronic Sell-Through (e.g. digital copies delivered for permanent download such as iTunes or Amazon) on certain motion pictures.
You may be a Class Member if you are a person or entity (or their successors-in-interest, assigns, and heirs) who is a party to a profit participation contract with Universal dated on or before December 31, 2014 that does not include an express provision regarding the calculation of participation relating to Home Video and Electronic Sell-Through Revenue.
This Settlement provides Class Members with a: (1) $13 million Settlement Fund, which will be used to pay recouped profit participants who are already receiving profit participation on their contracts; and, (2) $13 million Accounting Relief Fund, which will be used to credit the accounts of unrecouped profit participants who are not yet receiving profit participations on their contracts. You may receive benefits from either or both of these funds if you qualify.
You have to take action on or before November 12, 2015 in order to exercise your legal rights and options in the Settlement, which are set forth in the Notice. Please click here to read the Notice carefully. Your legal rights may be affected, whether you act or don’t act.
Summary of Your Legal Rights and Options in the Settlement |
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Remain Part of the Settlement Class |
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Become Part of the Settlement Class |
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Exclude Yourself |
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Object to this Settlement |
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Go to the Hearing |
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Please Note the Following Important Dates:
Deadline to Opt-Out: November 12, 2015
Deadline to Object: November 12, 2015
Deadline to Submit Claim if You Did Not Receive Notice in the Mail: November 12, 2015
Final Approval Hearing: December 11, 2015 at 10:00 a.m.
Check Distribution: April 27, 2016