WWE Wins $23M From Thai Broadcaster In Contract Dispute
Law360, New York (March 15, 2016, 6:22 PM EDT) -- A Connecticut federal court has awarded World Wrestling Entertainment Inc. a total of $23.8 million in a contract dispute with a Thai broadcaster over licensing fees for broadcasting events like WWE Raw and SmackDown after the cable provider failed to answer the complaint.
A default judgment was entered against CTH Content Co. Ltd. and its parent company, CTH Public Co. Ltd., a major cable television and Internet service provider in Thailand, on March 7 for $23.4 million, court records show. The court entered a supplemental judgment on Tuesday for an additional $405,894 to cover contractually owed interest.
WWE filed the suit in...
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