Legal Dispute Summary

In 2003, Walt Disney, via Buena Vista Home Entertainment (BVHE) sued Blockbuster Video for $120 million, claiming breach of contract pertaining to their revenue-sharing deal (Sweeting, 2003, p. 1). In 1997, Disney and Blockbuster signed a contract for a five-year revenue sharing deal that Blockbuster had the option of terminating early. With one year to go on the contract, Blockbuster exercised its option in 2002 and the companies had been unable to reach a new agreement (Sweeting, 2003). The companies continued to share revenues on a per-title basis despite the lack of a new agreement.

Disney spokesman John Spelich maintained Blockbuster breached its contract with Disney by failing to account for ôhundreds of thousandsö of Disney cassettes with a value of $26 million; sold 200,000 cassettes before their rental date expired; and sold more than 45,000 cassettes over the number Blockbuster was allowed to sell under the revenue-sharing agreement (Sweeting, 2003, p. 1). Disney claims that actual damages stand at $94 million with $28 million in interest (Sweeting, 2003). Blockbuster executive VP and gen

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Approximate Word count = 916
Approximate Pages = 4 (250 words per page)

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