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?

Comic-Con Logo

Five Virtual Reality Experiences At Comic-Con

 
YouTube Logo

YouTube Releases Viewership Data for Political Convention Live Streams

 
Maker Studios Mickey Disney

Disney Not the Happiest Place on Earth for Maker Studios

 
Amazon Logo

Amazon’s Cash Flow Increases 42% to $12.7 billion; India...

 
Industry Tickets Selling Fast!
Click above to lock in your registration for VidCon 2015!
 
Kevin Hart Laugh Out Just for Laughs

Kevin Hart Options 10 Pitches for Laugh Out Lound VOD Channel

 
Notorious B.I.G. Turner TBS

The Notorious B.I.G.’s Raps Coming to Life in TBS Digital Series

 
Fullscreen Keeping Score

Fullscreen Going to Olympics with ‘Keeping Score’...

 
Gilmore Girls Netflix

Netflix TCA Wrap: New Motown Series, 9 Premiere Dates (incl....

 
Life is Strange Legendary Digital Studio Square Enix

Legendary Digital Studios Adapting ‘Life is Strange’...

 
Facebook Thumbs Up Like

Facebook Q2 Report: 1.7B Monthly Users, $6.44B in Revenue,...

 
PewDiePie 3-2-15

YouTuber Pew Die Pie Made $8M in 2015

 
Miss 2059 Origin Story

Anna Akana’s Origin Story for Her Go90 Series ‘Miss...

 
dailymotion

Dailymotion in Critical Condition One Year After Vivendi Acquisition

 
Warner Music Group WMG Vadio

Warner Music Group Closes Deal with Vadio (Not Vevo)

 
Abrams Artists Entrepreneur Magazine

Why Abrams Artists Opened an In-House Digital Production Studio

 
Kevin Conroy MGM

MGM Hires Univision’s Kevin Conroy as President of Digital...

 
Telemundo

YouTube and Telemundo Open Pop-Up Space in Miami

 
DigitalCabana_ep2_VideoInk_300x250

Digital Cabana — Peter Csathy and Jocelyn Johnson Talk...

 
AwesomenessTV Logo Awesomeness

AwesomenessTV Targeting British Youth with ITV Deal

 
American Crime Story FX Netflix

Netflix Gets ‘Blame,’ ‘American Crime...

 
Verizon Yahoo

It’s Official: Verizon Buying Yahoo for $4.83B in Cash

 
Tiesto

Summer Music Festivals and Branded Content

 
Al Roker

Roker Media Partners with HooplaHa on Live Streaming Originals Slate

 
Campus Insiders Twitter

Twitter to Live Stream 300 College Sporting Events via Campus...

 
Comic-Con Logo

Circa Teams with Defy Media’s Clevver for Comic-Con Coverage

 
International Drone Racing Association ESPN

Drone Racing Gets Dedicated Streaming Channel Drone TV

 
DavidLoker_VideoInk_300x250

Amazon and Netflix Alum David Loker Heads to Ayzenberg

 
AndrewGraham_VideoInk_300x250

CAA Grabs Andrew Graham from Big Frame; Retains Clients as Agent Rep

 
Machinima Logo

Machinima Takes China with Sohu Partnership

 
Periscope is Twitter's live-streaming video app

Periscope Adding New Watch and Discovery Features

 
Transformers Combiner Wars Machinima

Machinima Reveals Voice Cast & Trailer for...

 
AmazonBox

Amazon Unveils 2016 Comedy Pilot Season

 
Ana Kasparian The Young Turks

The Young Turks’ Ana Kasparian Talks Puke, Vitriol &...

 
Algorhythm New Form Digital Above Average Craig Benzine WheezyWaiter

What Above Average Plans to Do with $15M in Funding from Turner...

 
Adam Sandler Ridiculous Six Netflix

Adam Sandler Teams with Oscar-Winner Jennifer Hudson for Netflix...

 
VideoAd_1

Video Is Not The Answer (But Great Video Might Be)

 
Twitter

Twitter and NBA Partner on Two New TV-Style Shows

 
BuzzFeed Tasty

BuzzFeed’s ‘Tasty’ Stays Atop Cross-Platform...

 
Reelio Logo

Reelio Greenlight Serves Up Brand-Ready Influencer Project Database

 
Kalel Kin Community

Kin Community Coming to Australia