Claims Administrator, Angeion Group, Announces Proposed Settlement in Sony Pictures Entertainment Class Action

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Sep 14, 2017, 08:00 ET

PHILADELPHIA, Sept. 14, 2017 /PRNewswire/ -- Angeion Group today announced that a proposed settlement has been reached in a class action lawsuit involving Sony Pictures Entertainment, Inc. If you are a profit participant related to a motion picture released by Sony Pictures Entertainment for home video, electronic sell-through or streaming, you could financially benefit from a class action settlement.

What Is This Settlement About?
A settlement has been reached in a class action lawsuit over how Sony Pictures Entertainment, Inc. ("SPE") calculated profit participation relating to revenue derived from the sale of Home Videos (e.g. physical copies such as videocassettes, DVDs, and Blu-Ray), Electronic Sell-Through (e.g. digital copies delivered for permanent download such as from iTunes or Amazon), and Video-on-Demand ("VOD") (e.g. streaming on services like Netflix) on certain motion pictures. The settlement is not an admission of wrongdoing and the Court has not decided who is right and who is wrong. Instead, the parties decided to settle the dispute.

Am I a Class Member?
You may be a Class Member if you are a person or entity (or their successors-in-interest, assigns, and/or heirs) who is a party to a "Class Profit Participation Contract" (defined by the Settlement Agreement as a "Profit Participation Contract, entered on or before December 31, 1981, that does not include express provisions regarding the calculation of the Profit Participant's Profit Participation with regard to Home Video Revenue, Electronic Sell-Through Revenue and/or VOD Revenue.") To obtain more information regarding whether you are a Class Member, please visit www.SonyHomeVideoSettlement.com, email [email protected] or call 1-855-400-3443.

What Does the Settlement Provide?
This settlement provides Class Members: (1) a $5 million Settlement Fund, which will be used to pay recouped profit participants who are already receiving profit participation on their contracts; and (2) a $5 million Accounting Relief Fund, which will be used to credit the accounts of unrecouped profit participants who are not yet receiving profit participations on their contracts. You may receive benefits from either or both of these funds if you qualify.

What Are My Options?
You have the following rights and options as a Class Member. You must take action on or before December 15, 2017 in order to exercise your legal rights and options under the settlement. Please visit the www.SonyHomeVideoSettlement.com, email [email protected] or call 1-855-400-3443 for more information on your rights and options.

Remain Part of the Settlement Class
If you also receive notice of this settlement in the mail, you do not have to take any action to remain part of the Settlement Class and be eligible to receive the benefits, payments and credits offered by the settlement. Payments and credits will be applied to eligible Class Members automatically.

Become Part of the Settlement Class (By December 15, 2017)
If you do not receive notice of this settlement in the mail and you believe that you may be an eligible Class Member, you can apply to take part in the Settlement by visiting www.SonyHomeVideoSettlement.com or calling 1-855-400-3443.

Exclude Yourself (By December 15, 2017)
Excluding yourself means you get no payment or credits from this Settlement. This is the only option that allows you to keep any rights you currently have and to negotiate with or sue SPE about the claims in this case.

Object to this Settlement (By December 15, 2017)
You may write to the Court about why you do not like this Settlement.

Attend the Fairness Hearing (On January 19, 2018 at 9:00 A.M.)
You may ask to speak in court about your opinion of the settlement at the Fairness Hearing. The Fairness Hearing is currently scheduled for 9:00 a.m., on January 19, 2018 at the California Superior Court, 600 South Commonwealth Ave., Los Angeles, CA, 90005.

How Can I Obtain More Information?
This notice summarizes the proposed settlement. You can view the complete Settlement Agreement, Long Form Notice and certain court documents at www.SonyHomeVideoSettlement.com, by emailing [email protected] or calling 1-855-400-3443 to obtain more information.

Media Contact:
Angeion Group
Douglas S. Clauson
Director, Communications
(215) 563-4116

SOURCE Angeion Group