March 6, 2020 / 6:22 PM / a month ago

IN BRIEF: VidAngel proposes 14-year payoff plan for studios’ $62 mln verdict

VidAngel Inc, the sanitized-movie streaming service that lost a copyright-infringement suit by Disney Enterprises, Warner Bros, 20th Century Fox Film Corp and other studios last September, on Thursday proposed to pay the $62.4 million verdict over a 14-year period - unless the amount is reduced or overturned on appeal.

The proposal came in a disclosure statement and reorganization plan filed by VidAngel’s trustee in U.S. Bankruptcy Court in Utah, where the Provo-based company filed for Chapter 11 protection in October 2017.

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