AMC Settles Walking Dead Profit-Sharing Lawsuit for $120 Million
AMC Global Media has settled a lawsuit brought by The Walking Dead creator Robert Kirkman and other producers over profit participation rights. The settlement, announced on Tuesday, resolves claims related to the original series and its spinoff Fear the Walking Dead. AMC will pay $120 million, with $85 million due this month and $35 million next year, the latter serving as an advance against future profit participation. The agreement was reached on Friday, September 4. This lawsuit, filed in 2022, followed a 2021 settlement with Frank Darabont and CAA for $200 million. The Walking Dead franchise remains AMC's most successful, with a recent $500 million Netflix streaming deal in July. The settlement statement expressed satisfaction from both parties, looking forward to continued success.
Key facts
- AMC Global Media settled the lawsuit with Robert Kirkman and other producers.
- The settlement amount is $120 million, with $85 million paid this month and $35 million next year.
- The $35 million serves as an advance against future profit participation rights.
- The lawsuit was filed in 2022 and concerned profit participation for The Walking Dead and Fear the Walking Dead.
- The settlement was reached on Friday, September 4.
- AMC previously settled a similar suit with Frank Darabont and CAA in 2021 for $200 million.
- AMC signed a $500 million streaming deal with Netflix for the franchise in July.
- The Walking Dead is AMC's most successful franchise.
Entities
Artists
- Robert Kirkman
- Glen Mazzara
- David Alpert
- Charles Eglee
- Gale Anne Hurd
- Frank Darabont
Institutions
- AMC Global Media
- CAA
- Netflix
- Valhalla Entertainment
- Circle of Confusion Productions
- United Bongo Drum
- 44 Strong Productions