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?

AlecShankman_VideoInk_300x250

Digital Dealmakers: Alec Shankman – Shaping the Then, and...

 
Digital video industry news today

News to Know: theAmplify Acquired, Hulu Orders...

 
Allen_Debevoise_300x250_VideoInk

Power Sixer: Allen DeBevoise Continues to Push Third Wave of Media

 
Webby Awards took place last night!

Five Branded Content Takeaways From the Webby Winners

 
Industry Tickets Selling Fast!
Click above to lock in your registration for VidCon 2015!
 
YouTube Money

YouTube Cries Uncle: Videos Will Earn Revenue While Content ID...

 
Jonathan Skogmo, Jukin Media

Power Sixer: Meet Jonathan Skogmo, Jukin Media’s King of...

 
DreamWorks Animation

Controlling Interest in AwesomenessTV in NBCUniversal’s...

 
Wet Hot American Summer Netflix

Netflix Orders More ‘Wet Hot American Summer’

 
Judy McGrath Astronauts Wanted

Power Sixer: Meet Judy McGrath, Astronauts Wanted’s Lead...

 
Amina_Canter_VideoInk_300x250

Digital Dealmaker Amina Canter Is Bringing Traditional Chops to...

 
Studio71 Paramount

Digital Influencer Features Make the Majors with...

 
JC_Cangilla_VideoInk_300x250

Who’s the Man Behind Newform Digital’s Many Deals?...

 
Machinima hired James Glasscock as SVP of Strategy and Business Development

Questions & Answers with 2016 Digital Dealmaker James Glasscock

 
Univision Creator Network

Univision Creator Network Now Has Beauty and Fashion Vertical

 
Flula Borg

YouTube Music Star Flula Borg Signs with Studio71

 
Susanne Daniels

Power Sixer: Meet Susanne Daniels, the Force Behind YouTube Originals

 
JimmyMaymann

Power Sixer: Meet AOL’s Global Kingpin Jimmy Maymann

 
Dealmakers2016_600x250

Introducing the 2016 Digital Dealmakers

 
kendall_rhodes01

Dealmakers 2016: Kendall Rhodes from Untitled Entertainment

 
PowerSixer2016

Introducing the 2016 Power Sixers!

 
FilmStruck

Turner Teams with Criterion for FilmStruck SVOD Service...

 
Jason Goldberg STX Entertainment

STX Taps ‘Punk’d’ Creator Jason Goldberg to...

 
oculus for consumers

How quickly will online video transition to VR?

 
Bret Easton Ellis Fullscreen

‘American Psycho’ Author Bret Easton Ellis Signs Up...

 
Netflix_new

Netflix Begins Production on ‘Okja,’ Sparks...

 
walkinthewoods3-xlarge

Amazon Signs Multi-Year Output Deal with Broad Green Pictures

 
DollarsMoving_VideoInk_300x250

Why Getting TV Dollars to Go Online Is Easier Than You Think

 
INTX_300x250_VideoInk

Why Disruption Is the New Best Friend of the Online Video and TV...

 
Tyler James Williams RePlay New Form Digital Go90

Ex-‘Everybody Hates Chris’ Star Talks Going Mobile...

 
All Def Digital

All Def Digital Launches In-House Creative Agency Targeting...

 
Facebook Live Cafe Latte Tastemade 2

Because It’s Facebook, Stupid: Why Facebook Live is...

 
TrevorStevens_VideoInk_300x250

‘Rock Steady Row’ Feature Gets Picked Up By SUPERGRAVITY

 
Bryan Cranston, Eric Berger, Kate Bosworth and Dennis Quaid at Crackle’s upfront presentation held at the New York City Center on April 20, 2016.

Crackle Unveils Originals Slate, ‘Break-Free’ and...

 
NathanBrown_VideoInk_300x250

Nathan Brown Lands at Discovery Digital Networks

 
RYOT

AOL Acquiring VR Studio RYOT to Bring Immersive Video to...

 
Abrams_Talent_300x250

Abrams Artists Adds Two Talent To Alt Programming Roster

 
Seeso_Logo_VideoInk_300x250

NBC’s Seeso Looks to Boost Audience Via Amazon Prime Deal

 
Tidal

Tidal Announces New Original Series With BET —...

 
Microsoft Pulse

Microsoft Wants Companies to Take Video Pulse to Measure Engagement

 
SawyerHartman_200x200

Exclusive: Sawyer Hartman Signs with Untitled Entertainment