The two men who served as executive producers of the 1990 miniseries "It" claim they are owed money from the original TV and got screwed out of producing the popular remakes.
According to court documents obtained by The Blast, Frank Konigsberg and Larry Sanitsky claim they were the sole executive producers of the 1990 adaptation of Stephen King's horror novel.
They claim they were entitled to producer fees and a share of both adjusted gross profits and net profits on the miniseries.
More importantly, they claim their deal called for them to be "entitled to first negotiation/first refusal rights on any 'sequel, series, remake or spinoff of "It" and were entitled to a minimum share of 10% of net profits on any such subsequent production."
Konigsberg and Sanitsky say their original series garnered an audience of more than 30 million people but claim Warner Bros. claimed a "substantial deficit" on the series. They claim they never heard a word from Warner again until March 2019 when they were told they were entitled to approximately $1 million in profits.
They believe Warner Bros "improperly withheld profits payments for decades and substantially underreported profits on the miniseries."
When it came time for the 2017 remake, Konigsberg and Sanitsky claim New Line Productions never informed them of their intent to release the new film.
They claim Warner and New Line "have not issued a single participation statement or paid a single dollar in profits" from the first remake, despite the fact they believe their contract calls for them to receive a minimum of 10% of net profits.
Konigsberg and Sanitsky claim they "should have received millions of dollars in profits in light of the fact that 'It Chapter One' shattered box office records."
The two men are suing for breach of contract, among other claims, and are seeking unspecified damages.