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March 1995, Week 2


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Marlyn Robinson <[log in to unmask]>
Reply To:
Film and TV Studies Discussion List <[log in to unmask]>
Fri, 10 Mar 1995 12:40:45 CST
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----------------------------Original message----------------------------
Help!  One of our professors remembers the situation but not the parties'
names, and I can't find the answer.
Around 10 or 15 years ago (he thinks), a major film studio sold licensing
rights to its movies to one of the 3 major tv networks.  The odd thing about
the sale (and this was solely a licensing agreement, not an outright sale of
its film archives) was that both income and tax were deferred until the
actual showtime on tv, per film, altho the money was received in a lump sum
at the time of sale.  There was a todo over the fact that the seller also
could not show the sale on its books except in the deferred state, thereby
making the studio appear to be much less profitable than it was in the year
of the sale.  This is not the MGM/Turner sale.  Does it ring any bells with
our experts?
Marlyn Robinson
UT Law
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