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Sony Pictures Suing Wanda Kids for $49 Million

Variety
Story by K.J. Yossman
from Variety
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
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