Sanctuary Hit With $50M Suit
The suit claims Sanctuary failed to deliver on a promised 220 albums to 5.1. At least 140 of those were to have been released in DualDisc format.
The terms were part of an amended agreement filed in September 2003 between the companies.
The amendment was breached, according to a 5.1 press release, because Sanctuary had “failed and refused” to deliver “any of the top-line albums in its catalog, including those of
The suit also alleges Sanctuary intended to induce 5.1 to enter into the amendment prior to the end of September 2003 “for the purpose of inflating its financial performance for its fiscal year.”