Read Time: 05 minutes

Synopsis

The Delhi High Court was apprised on Monday that Cine1 Private Limited and Super Cassettes Industries Private Limited (T-Series) have amicably resolved their disputes related to the alleged violation of contractual obligations concerning the movie 'Animal.'

The counsel for both Cine1 and T-Series informed the court today that a "settlement agreement" has been reached, and the same will be officially documented.

This development paves the way for the release of the highly anticipated Ranbir Kapoor starrer on over-the-top (OTT) platforms.

The film, directed by Sandeep Reddy Vanga, premiered in theaters on December 1, 2023, and is scheduled for an OTT release on Netflix on January 26.

Acknowledging the submissions made by the counsel, Justice Sanjeev Narula directed both parties to bring the settlement agreement on record.

The court is scheduled to consider the matter for disposal on January 24.

Notably, on January 18, the court issued summons to Super Cassettes and Netflix on a plea filed by Cine1 Studios Private Ltd. seeking a stay on the OTT release of the recent film "Animal," featuring Ranbir Kapoor.

The court had directed the defendants to file an affidavit of admission or denial of the plaintiff's documents along with the written statement, stating that without this affidavit, the written statement would not be accepted.

Senior Advocate Sandeep Sethi, representing Cine1, had claimed that T-Series failed to share financial details and acted without Cine1's approval in incurring expenses and promoting or releasing the film.

Senior Advocate Amit Sibal, appearing for T-Series, had argued that Cine1 had relinquished intellectual property rights through an August 2, 2022, amendment, receiving Rs 2.6 crore in return.

"This amendment has been concealed. They got Rs 2.6 crore. They have not put a pie in the movie and yet got Rs 2.6 crore," he had contended.

Earlier, Sethi, representing Cine 1 Studios had contended that the plaintiff had not received any information about the film's revenue, box office collections, music, satellite, or internet rights. Sethi had submitted that Super Cassettes had been collecting funds without sharing any proceeds and criticized their lack of respect for the agreement.

Sibal, on behalf of Super Cassettes, had contended that Cine 1 Studios made no financial investment in the film, and all expenses were borne by his client. He had pointed to a signed document between the parties, claiming that Cine 1 Studios had relinquished its intellectual property rights for a consideration of Rs 2.6 crore, a fact allegedly concealed from the court.

The suit alleged that Super Cassettes incurred expenses and received revenues without Cine 1's approval, violating the profit-share agreement.

Case Title: Cine1 Studios Private Limited v. Super Cassettes Industries Pvt, Ltd. & Ors.