Studios miss deadline lose millions in royalties

Phr0gster used our news submit to tell us
Heh heh heh... I love it when bad things happen to evil conglomerates.

MGM lost nearly million in royalty payments from the U.S. Copyright Office and Universal lost more than million because their applications for the royalties arrived a few days after the deadline in 2001, a federal judge ruled in Washington Thursday. Calling it a case of "the dog ate my certified mail receipt," today"s (Friday) Los Angeles Times observed that while the studios maintained that the applications had been sent out on time, they were unable to produce certified mail receipts to prove their claim, as required by the Copyright Office. Universal had argued in its court filing that it was unfair to expect it to hold on to "an index-card-sized" receipt "when mailrooms of Hollywood studios faced the upheaval of the anthrax scare."

I could have done without the anthrax
line....

Source: The Internet Movie Database

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