Disney plans to close a $500 to $950 million acquisition of Maker Studios, but one of the old executives and a handful of founders of the self-proclaimed “talent first, technology-driven media company” and YouTube multi-channel network refuse to just let it go. Ex-Maker Studios CEO Danny Zappin, along with other Maker founders Scott Katz, Derek Jones, and Will Watkins applied for a temporary restraining order in advance of an injunctive motion in the Superior Court for the State of California in Los Angeles on April 9, 2014. Zappin, his co-plaintiffs, and his counsel hope the order will at least delay (and at most completely stop) a vote by Maker Studios shareholders on whether or not to approve the Disney acquisition. That vote is currently scheduled for April 15, 2014. Zappin was CEO of Maker Studios until he stepped down from the position in May 2013. Less than two months later in June 2013, Zappin filed a lawsuit...
- 4/10/2014
- by Joshua Cohen
- Tubefilter.com
Ray William Johnson has threatened to sue Maker Studios should the multi-channel network not return his Adsense account, but Maker now has a much more immediate mess on its hands. According to a report in Variety, co-founder Danny Zappin and three others are suing the company, accusing its executives of breach of contract and fraudulently ousting Zappin as CEO. In May, Former Endemol boss Ynon Kreiz took control of Maker as the Executive Chairman, while Zappin relinquished the title of Maker's CEO and taking on an advising role as a member of the company's board. In a statement released after the hiring, Zappin sounded enthusiastic about Kreiz's new role at the top of the network, but that was obviously not the case. Along with fellow plaintiffs Scott Katz, Derek Jones, and Will Watkins, he now claims Maker diluted his stock in the company so that it could control the Board...
- 6/26/2013
- by Sam Gutelle
- Tubefilter.com
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