GernLog

Wednesday, July 02, 2003

Those wacky Hollywood accountants:
The original producers of the hit independent film "My Big Fat Greek Wedding," have sued star Nia Vardalos and actor Tom Hanks' production company, saying they haven't received their share of the film's profits.

MPH Entertainment Inc. originally bought the script from Vardalos for $60,000, then sold the rights to bigger producers in exchange for 3 percent of the profits, according to a lawsuit filed late Tuesday in Los Angeles Superior Court.

The lawsuit claims that despite reports that the comedy has grossed more than $600 million from worldwide box office receipts, home video sales and rentals and television broadcast rights, MPH has received none of the profits. An exhibit attached to the lawsuit claims to show an accounting statement from Gold Circle Films, one of the defendants, indicating the 2002 film actually has lost $20 million.

In Hollywood, even the biggest hits lose money. It makes me wonder how they stay in business after all these years.

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