The production company behind 'Top Gun: Maverick' and its alleged financial ties to a Russian oligarch are at the center of a legal dispute.
Two years ago, when the pandemic plunged the movie industry into one of its darkest periods, New Republic Pictures and its founder and chief executive, Brian Oliver, were touted as a bright light.
But now, the Los Angeles production company’s alleged financial ties to Russian oligarch Dmitry Rybolovlev and the Russian invasion of Ukraine are at the center of a legal dispute that has raised questions aboutBradley Fischer, New Republic’s former president and chief content officer, filed a lawsuit in Los Angeles Superior Court last Thursday for breach of contract, alleging that while he was negotiating a two-year extension on his contract, New Republic changed course and proposed new, less...
During a meeting in Los Angeles in the fall of 2019, Fischer was told that the company “intended to finance and produce at least four wide release films in 2020 and six the following year with budgets ranging up to and above $100 million,” with the output primed to increase in subsequent years, claims the suit.
The billionaire mining magnate owns a vast portfolio of real estate and yachts and a stake in the Bank of Cyprus. He is the current majority owner of the professional football club AS Monaco., Rybolovlev owns a number of great works including pieces by Pablo Picasso, Henri Matisse and Mark Rothko.For years, Rybolovlev was involved in a protracted legal battle with the Swiss art dealer Yves Bouvier.
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