Michael Douglas' Ex-Wife Sues For "Spinoff": Wall Street 2

As Michael Douglas' new film "Wall Street 2" is set to release later this year, his ex-wife Diandre Douglas has filed suit seeking half of Douglas' earnings for the film. The original "Wall Street" film was released in 1987, during the time of Douglas' 23 year marriage to Diandre.   The couple subsequently divorced  in 2000 and Michael Douglas has since remarried.

At issue is the language of the couple's divorce decree, which reportedly entitles his ex-wife to receive half of Douglas' income for any "spinoffs" from work created during the marriage.  But is "Wall Street 2" a true "spinoff" or a "sequel," as it continues the storyline of "Wall Street" twenty years later?

The suit is a good reminder to define terms in agreements- "spinoff," "derivatives," "presequel," and "sequel."

More information about the case can be found here.

Tamera H. Bennett

Tamera H. Bennett is a wife, mom, lawyer, mediator, blogger, podcaster, and legal writer. For two decades she’s helped clients protect what they create by practicing trademark, copyright and entertainment law in Texas and Tennessee.

Tamera has co-hosted more than 85 episodes of the Entertainment Law Update Podcast since 2009. And, she’s been honored to write for BILLBOARD magazine and the TEXAS LAWYER.

In the summer of 2015, Tamera backpacked 100 miles over 10 days with her son's Boy Scout Troop. Tamera walked her first half-marathon in 2012 and walked the Cowtown Half Marathon in February 2016 and February 2017 with a PR each time. You can visit Tamera’s blog at createprotect.com and follow her on Twitter @tamerabennett.

http://www.tbennettlaw.com
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