LOS ANGELES – A company that claims to have made Winnie the Pooh famous is back in court over unpaid royalties for the use of the beloved children's characters.
Attorneys for Stephen Slesinger Inc. filed papers last week in Los Angeles to collect past royalties from Walt Disney Co. and redress for "past improper business practices."
The late Stephen Slesinger signed a licensing deal with Pooh creator A.A. Milne in 1931. Slesinger gave the bear his red shirt, developed Pooh products and then sold the rights to Disney in 1961.
A federal judge ruled in September that Disney owns the licenses, allowing Slesinger to sue for past royalties.
A Slesinger spokesman says the family is owed hundreds of millions of dollars.
We discussed royalties in a recent chapter and the importance they hold. I assumed that collecting royalties today is a part of the business and it was a smooth process. Apparently, I was wrong. Winnie the Pooh, as we all know, was and is still a very famous Disney cartoon. Why has the collecting of royalties for Winnie the Pooh turned into such a big issue?
1 comment:
i just think its funny people are arguing over winnie the pooh lol
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