To settle its own potential liability, Sony will also be contributing $13 million to plaintiffs.
To settle claims that it struck a secret deal with other studios not to suppress wages and work opportunities in the animation industry, Sony Pictures has agreed to pay out $13 million. Perhaps more intriguingly, Sony is promising to help out plaintiffs who continue to pursue Disney in an ongoing putative class action.
The lawsuit emanates from a pact that George Lucas reached with Steve Jobs in the 1980s. At the time, the two agreed to restrain competition for skilled labor at both Pixar and Lucasfilm. Over time, more companies are said to have jointed into a “gentleman’s agreement” not to cold call each other’s employees, provide notifications when providing job offers, and make no counteroffers. In 2010, after an antitrust investigation, the Justice Department reached a settlementwith Apple, Google, Intel, Adobe and Pixar that forbade the anti-poaching pacts. Then, civil lawsuits began. The tech companies made a $415 million settlement with former employees while Pixar and Lucasfilm arrived at a $9 million deal.
In Sept. 2014, more lawsuits came against Disney’s Pixar and Lucasfilm units, Sony Pictures, Blue Sky Studios and others. The actions were eventually consolidated, and US District Court judge Lucy Koh ruled against a motion to dismiss.
Full Content: Hollywood Reporter
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
DOJ and FTC Introduce Website for Reporting Anti-Competitive Healthcare Practices
Apr 18, 2024 by
CPI
US Congress Advances Legislation to Compel TikTok Sale
Apr 18, 2024 by
CPI
UK Financial Sector Advocates Enhanced Regulatory Accountability
Apr 18, 2024 by
CPI
Google and All 50 States Defend $700 Million Consumer Settlement
Apr 18, 2024 by
CPI
Colorado Enacts First Law to Protect Consumer Brainwave Data
Apr 18, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI