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Columbia Pictures sues Sean Combs' Bad Boy Records

Created by BlackEntrepreneurProfiles.com

Columbia Pictures has filed a lawsuit against Sean Combs and his Bad Boy Records company in US federal court. The suit alleges that Bad Boy Records owes them $532,000 in unpaid fees for their collaboration on the movie "Bad Boys 2" sound track. Bad Boy reneged on their obligation to pay up to $1 million in up-front costs for producing the 2003 hit film's soundtrack album only paying $27,835 of the costs to date.

Columbia Pictures is demanding $1.6 million in back payments and damages for breach of contract. A spokesman for Combs said that this is only a simple misunderstanding that has been resolved and anticipate that the lawsuit will be withdrawn shortly.

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