TSG, a major movie financier, is suing Disney for alleged breach of contract. TSG has helped finance a lot of movies in Hollywood over the years, including films at Sony and Warner Bros., and Fox, and claims that the folks at Disney “have tried to use nearly every trick in the Hollywood accounting book” to hold onto cash that TSG feels its owed.
As the Wall Street Journal notes, its super unusual for a spat between a studio and film financiers to become public. Unfortunately that was before studios like Disney were so well integrated vertically that they that they could own everything from ideation to production to distribution and keep it all on their own platform—effectively keeping all the money in their own pockets too. We’re in a new era of streaming, and the rules of Hollywood are being rewritten before our very eyes.
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