LOS ANGELES (CBSLA) — A settlement has been reached in a long-running dispute between the creators of “This Is Spinal Tap” and Vivendi SA, which owns the rights to the cult mockumentary, according to court records obtained Tuesday.
After nearly four years in federal court, comedian-actor Harry Shearer and company have managed to come to an agreement with Vivendi and its StudioCanal movie division, attorneys said in court papers.READ MORE: Venice Fight Results In One Dead, One Injured, One Arrested
In 2016, Shearer sued the French conglomerate saying the company manipulated financial information about the film and spinoffs to underpay royalties.
“Spinal Tap” co-creators Christopher Guest, Michael McKean and Rob Reiner subsequently joined as co-plaintiffs.
The suit sought a minimum of $400 million in damages for the film’s creators. Financial details of the settlement were not disclosed, according to the joint status report filed Friday.
Over the past several months, the parties have had more than a dozen settlement conferences with a federal magistrate judge, court documents showed. Another status report is expected to be filed next month.READ MORE: LAPD Arrests Two Suspects Responsible For Shooting In Watts
Shearer, who co-created the 1984 film that follows the exploits of the fictional heavy metal group Spinal Tap, plays the group’s bass player, Derek Smalls.
According to the suit, the film and its music “have remained popular for more than 30 years, and have earned considerable sums for the French conglomerate Vivendi SA. But not for its creators.”
The lawsuit states that despite two theatrical releases of the film and repeated re-selling of rights that earned profits for multiple companies, Vivendi insists that the total share of worldwide merchandising income for the film’s four creators — including director and narrator Reiner — totaled $81 between 1984 and 2006, while total income from music sales from 1989 to 2006 was $98.
The plaintiffs settled their dispute with Universal Music over the soundtrack in November.MORE NEWS: Multi-Vehicle Crash In Irwindale Closes Multiple Lanes On 605 Freeway
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