DeLorean Motor Sues NBC Over 'Back To The Future' Royalties | Carscoops carscoops
, nor his estate, it says it acquired the intellectual property and trademarks belonging to the original company in 1997. It bought those assets from another company, that bought them from the original company after its collapse in 1982.
While that’s a somewhat convoluted history, DMC’s right to receive royalty payments from NBCUniversal was upheld in a previous legal battle between the Texas company and DeLorean’s estate. At the time, the company successfully earned a motion to dismiss the estate’s claim to the royalties in New Jersey federal court, despite the five percent deal being struck by John DeLorean in 1989.
“Despite NBCUniversal’s continuous use of the license originally granted to Universal Studios, and although NBCUniversal has continued to pay out some royalties, NBCUniversal has failed to fully pay DMC for such use per the 1989 agreement,” DMC claims in its lawsuit.
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