Danny Zappin and Three Others Sue Maker Studios

/ Jun 26, 2013

Zappin

It appears what everyone was thinking when news broke that Maker Studios co-founder and CEO Danny Zappin was stepping down from his role at the company is true: It was not Zappin’s decision to relinquish his title, as he was instead “ousted” by the MCN’s new board of directors. Or, at least, that’s what Zappin and the three others — Scott Katz, Derek Jones, and Will Watkin — are alleging in a new lawsuit filed against Maker Studios, according to a report from Variety.

In early May, Maker announced that Zappin was stepping down as chief executive and would essentially be replaced by Maker chairman Ynon Kreiz, who then assumed the role of executive chairman. Zappin would remain connected to Maker as a member of the board of directors and a “special adviser” to Kreiz, a well-known television/media executive.

At the time, in a statement, Zappin had said: “As we prepare to move into the next phase of growth for Maker Studios, I felt it was the right time to make a significant transition. As the former CEO and Chairman of Endemol… Ynon has the specific media exec experience that we need to take Maker to the next level.”

Now, the lawsuit filed by Zappin, Katz, Jones, and Watkin claims Maker Studio’s board of some shady tactics which were designed to remove Zappin from his position at the company. The defendants in the suite include Kreiz, Maker co-founders Ben Donovan and Lisa Donovan, as well as GRP Partners, Mida Holdings California, and Angulo Investors II, among others. Maker Studios is named as a dominal defendant. Per Variety, the plaintiffs are requesting a temporary restraining order, a constructive trust over Maker, and the removal of the current board.

Last year, Maker Studios secured a $36 million money round led by Time Warner Investments (Kreiz also participated in the round).

We’ve reached out to Maker for comment, and will update accordingly.

Tags: , , , ,


  • argraham

    Think we’ll get to enjoy a RWJ vs Danny Zappin level of social media sass this time around, too?

NetflixAmazon

New Seasons All-Around as Netflix and Amazon Renew Originals

 
Alliance for Open Media

Media Tech Giants incl. Amazon, Google, Microsoft and Netflix...

 
Cognito_Newsletter_Tiles_InsightsPremier_300x250

Millennials Represent a Moving Target for Online Video Stakeholders

 
Maria_Bamford

Maria Bamford’s ‘Lady Dynamite’ Taps All-Star...

 
AOL + Millennial Media

Behind AOL’s Purchase of Millennial Media

 
streamy

Meet This Year’s Audience Choice Streamy Award Nominees

 
plays

How Plays.TV is Streamlining Video Content Creation For eSports Pros

 
Bublcam

How Fast is Virtual Reality Growing? Bublcam Gives 360-Degree View

 
VelocityLogo

Two Hit AOL Digital Series Headed To TV with Velocity

 
CharlesKing_Macro

Macro’s Multicultral Content Mission Attracts Apple...

 
Fullscreen_PollyAuritt_KatyChen_300x250

EXCLUSIVE: Fullscreen Replaces Michael Goldfine in...

 
BravestWarriros

Web Series Wednesday – Channel Frederator and Cartoon Hangover

 
Hulu Logo

Hulu Adds Commercial-Free Subscription Option

 
ViddseeLogo

Asian Short-Film Platform Viddsee Launches Android App

 
funnyordie

Funny Or Die Adds Editor-In-Chief, Appoints President of Digital...

 
spotxchange2

SpotXChange Rebrands as SpotX Reflecting a Big Change...

 
Tom Furukawa

Zefr Hires Tom Furukawa as Head of Product

 
rsz_1citizenmars_keyart

“Citizen Mars” Shows The Human Side of Wannabe Astronauts

 
StarzRoku

Starz Play Comes to Roku

 
NFLonCBS

CBS Sports Will Stream Regular Season NFL Games For The First Time

 
ImanCrosson

Iman Crosson On His Future In Feature Films

 
AllRecipeslogo

AllRecipes Revamps with Social Video Front and Center

 
Netflix_new

Netflix Coming to Vodafone Spain

 
Unikrn

Ashton Kutcher Places Bet on Esports Gambling Platform Unikrn

 
Mobcrush

Mobile Game Streaming Platform Mobcrush Secures $11M in Series A...

 
AmazonInstant

Amazon Adds Video Downloads for iOS and Android

 
Defy Media

Defy Media Signs with WME

 
The Young Turks are now on AOL On

The Young Turks Turn To Crowd-Sourcing To Expand Coverage

 
Disney XD Logo Photo

Disney XD and Maker Studios Launch Talent and Content Incubator

 
Los Angeles Clippers Logo

Clippers Owner Says He Wants Streaming Instead of Cable Deal

 
appcoach

Chinese Mobile Ad Firm Sets Sights on a Fully-Funded Global Expansion

 
kanvask

AOL Digs In On Visual Messaging with Kanvas Labs

 
StarMaker American Idol

StarMaker and DanceOn Team for Talent Search

 
RickandMorty

Animator Justin Roiland Developing VR Content for SteamVR and...

 
Epix Logo

Netflix Loses Epix Movies to Hulu, Sarandos Reassures Customers

 
YouTube Gaming vs. Twitch

Can YouTube Gaming and Twitch Share the Playground?

 
Kaleidoscope VR Film Festival

Experiencing Virtual Reality at the Kaleidoscope VR Film Festival

 
FlareKids

Cox Communications Sets its Sights On Kids with Flare Kids App

 
OkaleyHelbig

Grace Helbig and Tyler Oakley Tapped to Host Streamy Awards

 
Peter Gabriel CueSongs

Peter Gabriel’s CueSongs Bringing Music to the Online...