Check out the hilarious exchange (below)!
[Image via WENN.]
Hollywood LOVES sequels, unless they aren't seeing any of the profits.
Paramount has filed a lawsuit against the estate of Mario Puzo, the author of The Godfather, because it has given a green light to another novel based on the original that the movie studio still owns the rights to.
The lawsuit complains that the Puzo family published The Godfather's Revenge in 2006, but intends to publish another sequel titled The Family Corleone without Paramounts permission.
"The 1969 agreements between Paramount and Puzo reserved to Paramount all rights in 'The Godfather' novel except the publication rights in that original novel. Puzo did not reserve any rights to publish a sequel to 'The Godfather.' Thus, after execution of the 1969 agreements, Puzo retained no rights of any kind in the 'Godfather' novel except for the right to publish that original novel in book form."
The conflict comes from a 2002 agreement between the author's estate and Paramount in which the Puzo family gained the studio's permission to publish The Godfather Returns. Well, the family believed they had the rights to publish more sequels, but obviously, Paramount feels differently.
It kinda blows that the author's estate can't publish more works from the intellectual property originally created by their deceased relative, but at the same time, we're sure Paramount paid a lot of money at point for that intellectual property.