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CCR Short Takes

News | 10/11/2006 4:00 am EDT

All’s well that ends well at MPD?
After a turbulent summer for the management of Alliance Atlantis Communications Inc.’s Motion Picture Distribution LP (MPD) arm, things seem to be settling down with a September 29 announcement that departed chairman Victory Loewy will continue to work with the film distributor as chairman emeritus and consultant. Loewy’s term with the company will extend until at least the end of 2008, and he will continue to oversee MPD’s relationship with key client New Line Cinema, which had seemed poised to end its partnership with MPD after Loewy’s departure.
The distributor’s fortunes took an adverse turn in July, when CEO Patrice Theroux and general counsel Paul Laberge were dismissed from the firm, with Loewy resigning in protest shortly thereafter. The following month, MPD announced it had commenced legal action against Loewy, alleging that its ex-chairman was considering starting a competing distribution company. While MPD still maintains that Theroux and Laberge were justly dismissed for allegedly using company funds for their own purposes, it also announced on September 29 that it had resolved its dispute with the duo and was discontinuing its legal action against them.

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