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Claims Administrator Angeion Group Announces Proposed Settlement In Paramount Pictures Class Action
[August 08, 2016]

Claims Administrator Angeion Group Announces Proposed Settlement In Paramount Pictures Class Action


Angeion Group today announced that a proposed settlement has been reached in a class action lawsuit involving Paramount Pictures (News - Alert) Corporation. If you are a profit participant on a motion picture released by Paramount Pictures Corporation for home video, electronic sell-through or streaming, you could financially benefit from a class action settlement.

What Is This Settlement About?

A settlement has been reached in a class action lawsuit over how Paramount Pictures Corporation ("Paramount") calculated profit participation relating to revenue derived from the sale of Home Videos (e.g. physical copies such as videocassettes, DVDs, and Blu-Ray), Electronic Sell-Through (e.g. digital copies delivered for permanent download such as iTunes or Amazon), and Streaming Revenue (e.g. digital copies that are not permanent downloads such as Netflix or Hulu (News - Alert)) on certain motion pictures. The settlement is not an admission of wrongdoing and the Court has not decided who is right and who is wrong. Instead, the parties decided to settle the dispute.

Am I A Class Member?

You may be a Class Member if you are a person or entity (or their successors-in-interest, assigns, and heirs) who is a party to a "Class Profit Participation Contract" (defined by the Settlement Agreement as a Profit Participation Contract, entered on or before July 5, 1980). To obtain more information regarding whether you are a Class Member, please visit www.ParamountHomeVideoSettlement.com or call (844) 312-5233.

What Does The Settlement Provide?



This settlement provides Class Members with a: (1) $3,405,000 Settlement Fund, which will be used to pay recouped profit participants who are already receiving profit participation on their contracts; and (2) $3,405,000 Accounting Relief Fund, which will be used to credit the accounts of unrecouped profit participants who are not yet receiving profit participation on their contracts. You may receive benefits from either or both of these funds if you qualify.

What Are My Options?


You have the following rights and options as a Class Member. You have to take action on or before October 7, 2016 in order to exercise your legal rights and options under the settlement set forth below. Please visit www.ParamountHomeVideoSettlement.com or call (844) 312-5233 for more information on how to exercise your rights and options:

Remain Part of the Settlement Class

If you also receive notice of this settlement in the mail, you do not have to take any action to remain part of the settlement class and be eligible to receive the benefits, payments and credits offered by the settlement. Payments and credits will be applied to eligible Class Members automatically.

Become Part of the Settlement Class

If you do not receive notice of this settlement in the mail and you believe that you may be an eligible Class Member, you can apply to take part in the settlement by visiting www.ParamountHomeVideoSettlement.com or call (844) 312-5233.

Exclude Yourself

Excluding yourself means you will be excluded from the class and get no payment or credits from this settlement. The judgment, whether favorable or not, will bind all members who do not request exclusion.

Object to this Settlement

You may tell the Court and parties about why you don't like this settlement.

Attend the Fairness Hearing

Any member who does not request exclusion may ask to speak in court about your opinion of the settlement at the Fairness Hearing. The Fairness Hearing is currently scheduled for 10 a.m., on November 7, 2016 at Department 323 of the California Superior Court, 600 South Commonwealth Avenue, Los Angeles CA (News - Alert), 90005. You may make an appearance through counsel if you so desire.

If you have any questions please visit www.ParamountHomeVideoSettlement.com or call (844) 312-5233.


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