Major lawsuit in the lucha libre world.
According to Luchablog, Lucha Libre Factory Made Ventures, the production company primarily known for being behind Lucha Underground, has filed a lawsuit against Lucha Libre AAA Worldwide in the state of California, claiming they own the rights to any money AAA makes outside the borders of Mexico.
The lawsuit accuses AAA of "breach of written contract, breach of implied covenant of good faith & fair dealing, copyright infringement, trademark infringement and unfair competition."
According to the lawsuit, LLFMV was given the exclusive rights to distribute AAA events outside of Mexico, the exclusive right to sell AAA merchandise outside of Mexico and the exclusive right to otherwise exploit and monetize AAA outside of Mexico.
LLFMV claimed AAA violated the agreement by beginning deals with Marvel, Twitch, YouTube, Facebook Watch, Turner International and Pluto TV.
LLFMV is arguing these are worldwide deals, and so all proceeds should be going to them. They are seeking all the money from the agreements (at least $2.5 million), statuary damages, and lawyer’s fees.
- From The Web