Friday, October 12, 2012
Tommy Lee Jones Loses $2 Million WME Arbitration, Files Appeal
The actor is upset that his former talent agency was awarded 10 percent of his earnings from "No Country for Old Men."
In a court filing Thursday in Los Angeles Superior Court, Jones reveals that he recently lost a state Labor Commission arbitration stemming from a dispute over his big windfall from the 2007 best picture Oscar winner.
Jones signed on to the Paramount film for a small upfront fee and a slice of back-end profits. When the movie grossed $171.6 million worldwide, Jones brought a claim against Paramount, arguing that he was entitled to millions in extra compensation. An arbitrator agreed, awarding Jones a whopping $15 million based on the terms of his deal.
The appeal seeks to force WME to disgorge all commissions that WME has received from No Country, plus an order requring it to pay $250,000 for the alleged breaches of fiduciary duties, plus a declaration denying WME any further commissions.
Read More: http://www.hollywoodreporter.com/thr-esq/tommy-lee-jones-loses-wme-378534
Read Appeal: http://www.hollywoodreporter.com/sites/default/files/custom/Documents/ESQ/Tommy_Lee_Jones_bs139747.pdf
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