Home Videos Photos Shop
PerezHilton CocoPerez Jimmy Kimmel Golden Globes T.Swift Kim K. PerezTV

Paramount Admits Giving Tommy Lee Jones A Huge Bonus For No Country For Old Men Was An 'Error'

| Filed under: Film FlickersLegal Matters


But that doesn't mean they have any intention of giving the money back to their investors who are suing them.

Today, the hearing concerning a lawsuit against Paramount Pictures by Marathon Funding continued, and had one major breakthrough.

The lawyer representing the studio finally admitted that giving Tommy Lee Jones a big $15 million bonus pay-out for No Country For Old Men was an error on their part. The lawyer conceded that when Tommy was promised this bonus, it was understood, but not clarified in his contract, that he would only get the bonus should the film make double the estimated profit. Since it didn't the studio wasn't prepared to pay him, but Tommy's contract gave him way to sue them for the money.

While the chain of events that have led to Marathon suing Paramount have been quite odd, the studio still maintains that they are not in breach of fiduciary duty. Regardless of the error, Paramount's lawyers insist that the deduction taken from Marathon's investment was completely within their right. Apparently, Jones' contract was executed before financiers got on board and that these investment agreements required those putting up money to pay losses.

Sounds like people need to read their paperwork with a more careful eye!

[Image via WENN.]

Tags: , , , , , ,

Golden Globes 2018: The Biggest Snubs & Surprises!
A Brief History Of The Room To Prep You For The Disaster Artist!
Titanic Cast: Then & Now
The Biggest Scandals To Ever Hit The Country Music World
9 Horror Movies VS The True Stories They're Based On!
10 Worst Superhero Movies Of All Time!

4 comments to “Paramount Admits Giving Tommy Lee Jones A Huge Bonus For No Country For Old Men Was An 'Error'”

  1. 1

    I've never understand that movie. I didn't go to see it in the cinema. Instead I rented only because I heard that winned a Oscar. I watched two times, just in case I missed something the first time that I didn't understand. Nothing. I ask my friends to see it, for if they understand, and nobody understanded. And of course they blame me for losting two hours of their lifes, jaja. The thing is that this movie actually worked for me, from then and on the Oscars have the same level than a jury of food contest.

  2. 2

    that was an excellent movie, i'm surprised it didn't make more money. and good for him, for getting his 15 million contracted to him. next time the studio won't make an error.

  3. 3

    horrible photo!!!

  4. 4

    Tommy Lee Jones is one of America's finest actors. For Paramount to publically insult him
    this way is outrageous. I hope he keeps every dime!!!