*Will Smith’s Overbrook Entertainment has reached a settlement deal in a lawsuit over the rights to “King Richard” – the life story of Serena and Venus Williams’ father, Richard Williams.
We previously reported… Smith is set to play Richard in Warner Bros.’ upcoming film drama “King Richard.”
The project hit a snag, however, when TW3 Entertainment and Power Move Multimedia filed a lawsuit against the studio and Smith’s Overbrook Entertainment production company, claiming breach of contract, among other things.
OTHER NEWS YOU MIGHT HAVE MISSED: Phil Collins Is Trending Because Two 21-Year-Olds Heard the ‘In The Air Tonight’ Beat Drop for the 1st Time and Lost It (Watch)
According to Deadline, Richard Williams himself, his son Chavoita Lesane, and production company Star Thrower Entertainment were named in the lawsuit.
“This case presents an unfortunate and tawdry situation: the cold and calculating misappropriation and interference with Plaintiffs’ intellectual property,” says the seven-claim complaint from TW3 Entertainment and Power Move Multi Media. “Plaintiffs’ good faith and contractually protected efforts to bring an amazing story into visual art form were met with Defendants’ greed and disregard for Plaintiff’s existing rights.”
Less than two months after the breach of contract complaint was filed, all parties have now reached a deal, according to Deadline.
Reps from WB said “The matter has been resolved informally.”
According to the legal docs, the parties “have entered into a settlement of this matter, and Plaintiffs are dismissing their claims against these defendants with prejudice,” said an order signed on August 7 by Judge Mel Red Recana.
“King Richard,” directed by Reinaldo Marcus Green from a script written by Zach Baylin, is based on Williams’ 2014 memoir titled “Black and White: The Way I See It.”
“King Richard” is expected to be released in 2021.
We Publish News 24/7. Don’t Miss A Story. Click HERE to SUBSCRIBE to Our Newsletter Now!
