PHILADELPHIA, Dec. 15, 2017 /PRNewswire/ -- Angeion Group today announced that a proposed settlement has been reached in a class action lawsuit involving Twentieth Century Fox Film Corporation. If You Are a Profit Participant with a Participation Contract with Fox Before the Early 1990's You May Financially Benefit from a class action settlement.
What Is This Settlement About?
A settlement has been reached in a class action lawsuit over how Twentieth Century Fox Film Corporation ("Fox") 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 from iTunes or Amazon), and Video-on-Demand ("VOD") (e.g. streaming on services like Netflix) 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 using form definitions drafted by Fox before May 31, 1989, that, either as initially drafted or later amended, do not state an express percentage of Home Video Revenue and/or Electronic Sell-Through Revenue to use in calculating a Profit Participation). To obtain more information regarding whether you are a Class Member, please visit www.FoxHomeVideoSettlement.com, email FoxHVS@AdministratorClassAction.com, or call 1-844-611-5265.
What Does the Settlement Provide?
This settlement provides a total of $12.6 million comprised of: (1) an $11.5 million Recouped Settlement Fund, which will be used to pay recouped profit participants who are already receiving profit participation on their contracts, less approved fees and costs; and (2) a $1.1 million Unrecouped Settlement Fund, which will be used to pay unrecouped profit participants who are not yet receiving profit participations on their contracts, less approved fees and costs. You may receive benefits from either or both of these funds if you qualify and comply with this notice.
What Are My Rights and Options?
You have the following rights and options as a Class Member. You have to take action on or before March 2, 2018 in order to exercise your legal rights and options under the settlement.
PARTICIPATE AS A RECOUPED CLASS MEMBER (BY MARCH 2, 2018)
If you are a Recouped Class Member who also received notice 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 and payments offered.
If you are a Recouped Class Member who did not receive notice in the mail, you can apply to receive payment from the Settlement by visiting www.FoxHomeVideoSettlement.com or calling 1-844-611-5265. If you do not take any action you will not receive any benefits and you will be subject to the release under the Settlement Agreement.
PARTICIPATE AS AN UNRECOUPED CLASS MEMBER (BY MARCH 2, 2018)
If you are an Unrecouped Class Member, you need to file a claim to be eligible to receive the benefits and payments and offered. If you do not take any action you will not receive any benefits and you will be subject to the release under the Settlement Agreement. Visit www.FoxHomeVideoSettlement.com or call 1-844-611-5265.
EXCLUDE YOURSELF (BY MARCH 2, 2018)
Excluding yourself means you get no payment from this Settlement. This is the only option that allows you to keep any rights you currently have to negotiate with or sue Fox about the claims in this case.
OBJECT TO THIS SETTLEMENT (BY MARCH 2, 2018)
If you do not exclude yourself, you may write to the Court about why you do not like this Settlement.
GO TO THE HEARING (ON APRIL 9, 2018 AT 11:00 A.M.)
You may ask to speak in Court about your opinion of this Settlement at the Fairness Hearing. The Fairness Hearing is currently scheduled for 11:00 a.m., on April 9, 2018 at the California Superior Court, 600 South Commonwealth Ave., Los Angeles, CA, 90005. The date and location of the Fairness Hearing can change without further notice, please check the settlement website.
How Can I Obtain More Information?
This notice summarizes the proposed settlement. You can view the complete Settlement Agreement, Long Form Notice and certain court documents at www.FoxHomeVideoSettlement.com; or email FoxHVS@AdministratorClassAction.com or call 1-844-611-5265 to obtain more information. Those documents govern in the event of any confusion between them and this notice.
Douglas S. Clauson
SOURCE Angeion Group