Courthouse News has recently reported that ProCloud Media Invest AB has brought a suit against Paramount Pictures Corporation for breach of contract and unjust enrichment when Paramount allegedly walked away from an agreement between the two companies. ProCloud is suing for $10 million dollars, claiming that it had an agreement with Paramount for the exclusive right to develop video games for the media giant. ProCloud claimed that it paid a $500,000 license fee for the rights to develop video games based off of Paramount movies on two occasions: once as part of the original agreement, and again when this agreement was amended. The head of Paramount Digital Entertainment was fired, however, after the agreement was amended, and the Digital Entertainment division was shut down. ProCloud claimed that since Paramount had changed its organizational structure, it has been difficult to speak to anyone knowledgeable of the agreement and ProCloud has been unable to fulfill its part of the agreement. Regardless, ProCloud alleges that “Paramount unequivocally indicated it did not intend to continue with the deal.”
More information will be added as it becomes available to us.