VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 22, 2013) -
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Rainmaker Entertainment Inc. (TSX:RNK) announces the dismissal of a lawsuit in respect of alleged profit participation rights on the film Escape from Planet Earth. Rainmaker and a subsidiary had been named as defendants, along with a number of other parties, in a suit filed in the New York Supreme Court. Rainmaker had previously obtained an indemnity from the copyright owner and the distributor of the film. On February 20, 2013, a Stipulation of Discontinuance was filed with the New York Supreme Court dismissing the litigation against all named parties and a mutual release was executed.
About Rainmaker Entertainment
Rainmaker Entertainment Inc., a multifaceted animation studio, is one of Canada's largest producers of CG animation. Rainmaker's first feature film Escape from Planet Earth, distributed by The Weinstein Company, enjoyed its theatrical release on February 15, 2013. For more information, go to www.rainmaker.com.