We state a truism concerning the entertainment industry on our website at the Law Offices of Barry K. Rothman in Los Angeles.
That is this: When you’re an artist – whether an actor, musician or other performer – of any stature, “you have a talent worth protecting.”
Do you think Johnny Depp knows something about that?
Depp, of course, needs no introduction, being one of the highest income earners (for both himself and studios) his industry has ever seen. There is an obvious need for actors like Depp to focus steadily on things like royalties, merchandizing, creative control over their work and, importantly, materially important points concerning their representation and management.
Depp is well aware of that, of course. And he is not an actor who is averse to litigation when it comes to promoting his alleged rights or calling out conduct by others that he says unlawfully harms his brand and/or pocketbook.
Reference the actor’s recently concluded lawsuit against his ex-business managers, for example. That litigation settled just last month. The final dollars-and-cents details regarding Depp’s $25 million claim are presently confidential.
Depp’s filing alleged that principals of The Management Group (TMG) financially defrauded him and additionally acted incompetently in managing his businesses and tax-related affairs. A particular point of contention spotlighted Depp’s claim that the company failed as contractually obligated to timely and accurately deal with his tax obligations. He stated that such alleged malfeasance ended up costing him about $6 million.
A spokesperson for the actor says that the litigation and its outcome underscores Depp’s resolve “to take firm action to protect his personal and artistic representation.”
TMG had no formal comment to offer in the settlement’s wake.