Archive for May, 2009

Polychrome Settlement Agreement

Wednesday, May 20th, 2009

My Attorney Jeremy Goldman of Frankfurt Kurnit Klein & Selz has been communicating with Polychrome Pictures attorney and partner Arnold Holland of Lightyear Entertainment. Arnold or Arnie Holland and Geno Taylor aka Eugene Taylor of Polychrome pictures have agreed to a settlement.

View the Settlement Agreement.

In summary Polychrome Pictures has agreed to relinquish the rights of Kisses and Caroms back to me. Geno Taylor has agreed to sell me the DVD inventory of 9945 DVD’s at $1.50 each for a total of $14,914.50, which I agreed would be subtracted from the $19,641.00 that Polychrome Pictures currently owes Kisses and Caroms. Arnold Holland has assured us the balance of $4,723 would be wire transferred to us within 30 days.