The well-deserved tributes to the late Art Buchwald generally focus on his delight in mocking the politically powerful but in this town he's best known for his role in shining a light on the so-called "accounting practices" of Hollywood studios with his 1990 court case Buchwald v. Paramount, which asserted that the idea for the Eddie Murphy comedy Coming to America had been stolen from one of his ideas. It was in the wake of that historic lawsuit that the words "net profits" became the butt of a thousand late night TV jokes. The judge in that case found Paramount's explanation of net profits and how authors were paid to be "unconscionable" ... Plus ca change.
Sure, and if you can read a publisher's royalty statement, with all its holdbacks, etc., and derive anything whatever useful from it, you're a better man than me.
Posted by: John Shannon | January 19, 2007 at 03:14 PM