Update, 11:47 AM: The lawsuit has fallen.
After over two years, Gerard Butler and the producers of Olympus Has Fallen have come to a deal over the actor’s lawsuit for $10 million in profits from the 2013 launching White House action franchise.
Nu Image and Millennium Media’s Pryor Cashman LLP attorneys filed “Notice of Settlement of Entire Case” paperwork today, moving the matter to its conclusion.
“The settlement agreement conditions dismissal of this matter on the satisfactory completion of specified terms that are not to be performed within 45 days of the date of the settlement,” the filing Thursday in LA Superior Court states. “A request for dismissal will be filed no later than (date): January 5, 2024.”
Details are confidential, but it seems the Scottish actor walked away “satisfied,” according to a source close to the matter.
With Butler as presidential detail Secret Service agent Mike Banning, there have been a trio of Have Fallen films — Olympus Has Fallen (2013), London Has Fallen (2016), and Angel Has Fallen (2019) — and a fourth, Night Has Fallen, remains in the works. The first three films have grossed more than $500 million worldwide.
Earlier this year, StudioCanel and Butler’s G-Base shingle announced a Paris Has Fallen TV series is in the works — which Butler may make a cameo in.
PREVIOUSLY, AUGUST 24, 2021 PM: Nu Image, one of the defendants in Gerard Butler’s lawsuit alleging he is owed profits over the 2013 action film Olympus Has Fallen, has responded to last week’s action.
“There is no merit to Mr. Butler’s claim,” a spokesperson said Wednesday. “Nu Image has been open and transparent with Mr. Butler and his representatives about the revenue of ‘Olympus Has Fallen’ which was released in 2013. Nu Image provided participation statements to Mr. Butler and those statements were audited by Mr. Butler’s auditors in 2015 and 2016. The statements fully comply with the terms of Mr. Butler’s agreement, resulting in no overages being due. After over 8 years of our cooperation with Mr. Butler and his representatives on this matter, we are very disappointed that Mr. Butler has now decided to act in this manner.”
Butler and his legal team claim he is owed more than $10 million in profits after it ordered an independent audit, which it said found the defendants “understated their own receipts and profits by over $11 million, including by failing to report approximately $8 million in payments to Producers’ own senior executives.”
The suit was filed July 30 in Los Angeles Superior Court citing fraud, breach of contract, breach of the implied covenant of good faith and fair dealing, intentional interference with contractual relations and accounting. Nu Image is a defendant alongside Millennium Film and Padre Nuestro Productions.
PREVIOUSLY, July 30 PM: Gerard Butler, who starred in the 2013 action movie Olympus Has Fallen, which turned into a franchise, has sued the film’s producers including Nu Image and Millennium Film in a profits dispute over the original pic.
In the filing today in Los Angeles Superior Court, Butler and his legal team claim he is owed more than $10 million in profits after it ordered an independent audit, which it said found the defendants “understated their own receipts and profits by over $11 million, including by failing to report approximately $8 million in payments to Producers’ own senior executives.” (Read the filing here.)
Olympus Has Fallen, directed by Antoine Fuqua, centered on disgraced Secret Service agent Mike Bannon (Butler), who becomes trapped inside the White House after a terrorist attack and works to rescue the president from kidnappers. It grossed $170.3 million at the global box office.
The lawsuit filed by Greenberg Glusker on behalf of Comrie Inc., Butler and his G-Base Entertainment claims Butler has seen zero of that total from the film’s producers, defendants Nu Image, Millennium and Padre Nuestro Productions. The complaint cites fraud, breach of contract, breach of the implied covenant of good faith and fair dealing, intentional interference with contractual relations and accounting, and seeks a jury trial.
“Producers have earned tens of millions of dollars from Olympus, but refuse to pay Butler a penny of the profits promised to him in the parties’ agreement,” according to the lawsuit. It adds that instead “Producers embarked on a scheme designed to grossly misrepresent the finances of the Film to Butler, so that Butler would believe that no such payments were due.”
The suit notes the same producers’ federal court suit alleging they “failed to report the profits of Olympus to the Directors Guild of America’s Producers Pension and Health Plan.”
“It appears the the Producers’ modus operandi is to hide the profits from Olympus in order to keep those profits for themselves,” it added.
Butler has since reprised his Mike Banning role in 2016’s London Has Fallen and 2019’s Angel Has Fallen for Lionsgate, with development ongoing in the next film in the franchise Night Has Fallen.