December 15, 1992
Two entertainment firms battling over the National Lampoon trademark have settled out of court. In the settlement, J2 Communications Inc. of Los Angeles retained control over the National Lampoon name--which is associated with the satirical magazine and movies such as "Animal House," and which J2 said is worth more than $5 million. However, J2, which sells movie home videos, agreed to pay about $150,000 to ITC Distribution Inc. of Studio City.
October 27, 1992 |
What's in a name? If it's National Lampoon, the name is worth more than $5 million over the next three years, according to the company that owns the name and logo associated with the satirical magazine and movies such as "Animal House" and "National Lampoon's Vacation." But another company that is suing to foreclose on the National Lampoon trademark argues that the famous name is quickly losing value, and it should be allowed to sell all rights to the name and logo to satisfy a legal claim.
October 23, 1992 |
Producer Wins Antitrust Case: Producer Bud Yorkin has been awarded $2.4 million in an antitrust suit that challenged the way movies are sold in package deals to independent television stations. A Los Angeles Superior Court jury found that ITC Entertainment violated antitrust laws when it distributed Yorkin's film "Twice in a Lifetime" as part of a package, or block, of films.
May 9, 1989
James P. Marrinan has been named senior executive vice president-international at ITC Entertainment Group, Studio City. Marrinan had been executive vice president and general manager-international television, ITC Entertainment Group.