Sony Pictures Suing Wanda Kids for $49 Million

Story by K.J. Yossman

Image from Variety

scrn logline

Wanda Kids and Sony Pictures are locked in a $49 million legal battle over a shaky entertainment deal.

beat sheet

Sources say the fight stems from a 2019 agreement between Wanda Kids and Silvergate Group, a company Sony later acquired.
Sony is accusing Wanda Kids of failing to meet certain obligations around content development and distribution, while Wanda claims Sony is trying to renegotiate the terms.

call sheet

Sony Pictures, Wanda Group, Columbia Pictures Corporation Limited, Wanda Kids Cultural Development Co., Limited, Silvergate Group