ProCloud Media Invest AB v. Paramount Pictures Corporation
U.S. District Court, Central District of California
Case No. 2:2012cv05192, Filed on June 14, 2012
ProCloud brought suit against Paramount Pictures for breach of contract and unjust enrichment after entering into a licensing agreement which would have granted ProCloud the exclusive rights to develop videogames based on Paramount’s intellectual property. ProCloud stated that it paid a licensing fee of $500,000 to Paramount twice, once in consideration of the initial contract, and a second time when the contract was amended. Due to the shuttering of Paramount’s Digital Entertainment division, nothing ever came from the licensing agreement. On December 21, 2012, the Court granted a joint motion for dismissal with prejudice after the parties reached an out-of-court settlement.