Kanbar Entertainment, the producers of the animated feature Hoodwinked, have filed a petition with a judge in San Francisco County claiming that The Weinstein Co. breached their contract by postponing a planned release for a sequel.
According to a report in Variety, Kanbar is asking the court to force The Weinstein Co. into binding arbitration to resolve the dispute.
Kanbar also clamed that the studio stopped paying into production accounts in February 2009 and failed to discuss its release strategy for the film, the report states.
The original Hoodwinked was financed completely by Kanbar and released by The Weinstein Co. in 2005. A co-financing agreement for the sequel was reached at the insistence of the studio for the sequel slated for fall, which was originally set for a Jan. 15 release, the trade reports.