Spyglass Ducks Payment on ‘Silver Linings Playbook’ Contract (1)

Spyglass Media Group LLC, which bought the Weinstein Co. Holdings LLC out of bankruptcy three years ago, is off the hook for royalty payments the now-defunct studio owed to the producer and actors behind “Silver Linings Playbook,” the Third Circuit ruled.

Spyglass asserted that it could take on producer Bruce Cohen’s production contract without paying $400,000 in outstanding compensation TWC still owed. The U.S. Court of Appeals for the Third Circuit agreed Friday, upholding a federal district court ruling that Spyglass need only pay royalties on a go-forward basis.

The case was a bellwether for the company, which anticipated that ...