Walker from “The Walking Dead”
AMC Networks has settled a $200 million-long legal dispute with filmmaker Frank Darabont and Creative Artists Agency over the cable network owner’s long-running zombie series The Walking Dead.
The deal comes less than a month before the start of the eleventh and final season of the series.
In addition to the cash payment, AMC’s settlement, filed Friday with the SEC, exempts Darabont, an executive producer and creative force during “The Walking Dead,” from future streaming exhibitions of “The Walking Dead” and “Fear the Walking Dead.” Provides revenue sharing. “The first two seasons.
Darabont is an Oscar-nominated filmmaker who directed “The Shawshank Redemption”.
This Agreement contains, among other provisions, non-litigation covenants, confidentiality and waivers.
AMC said it took charge of $143 million related to the settlement during the quarter ended June 30.
Darabont and CAA first began a lawsuit in late 2013, when the series was one of the most popular on television. Darabont and company had sought approximately $300 million in profit sharing payments, and the trial was due to begin in April 2022.
Darabont’s lawyers and the CAA did not immediately respond to CNBC’s request for comment.
“The Walking Dead”, based on the comic by Robert Kirkman, premiered in 2010 and spawned the spinoffs “Fear the Walking Dead” and “The Walking Dead: World Beyond”. Its final season will premiere on August 22.