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Vivendi Universal declined to comment on the lawsuit, spokeswoman Anita Larsen said The lawsuit claims that during negotiations in 2001, Vivendi resisted USA's condition, but that Messier eventually agreed because he "was extremely anxious to complete the USA/VUE transaction as part of his long-term vision for Vivendi USA and Vivendi formed a joint venture, Vivendi Universal Entertainment, last year combining Universal's film, television and theme park properties with USA's cable channels and television production company Other companies, such as Viacom, are interested in specific cable channels The document asserts USA's right to block the sale of individual properties unless the buyer agrees to guarantee the value of USA's preferred investment â€â€? up to $2 billion Vivendi is considering bids for all or part of VUE USA is asking the judge to order the payments Most recently, reports have surfaced that Apple Computer and Microsoft are interested in buying the Universal Music Group The unusual arrangement was negotiated in 2001 with Jean-Marie Messier when he was Vivendi Universal chief executive, USA claims " USA also claims that Vivendi never disputed the payments until after Messier and his top executives were ousted and the French company, saddled with debt, began to look for ways to conserve cash USA also holds a 5 The only sale that USA cannot block is a total sale of Vivendi's interest in VUE, the document states Those talks presumably have ended with USA's lawsuit, filed in state court in Delaware, where VUE is incorporated This means that not only is USA entitled to payments from the partnership, but also additional payments to cover the taxes that will eventually come due on that income "Vivendi's refusal to honor the clear commitment it made under the Messier regime is a classic case of buyer's remorse â€â€? an unjustified refusal to live up to obligations clearly and knowingly made," the lawsuit states Diller recently stepped down as VUE chairman Vivendi Universal disputed that claim in December and the two sides have been negotiating since then USA Interactive Sues Vivendi in Tax Spat Apr 15, 6:25 PM EST Barry Diller's USA Interactive sued Vivendi Universal on Tuesday over a tax dispute, saying the French entertainment company reneged on its partnership agreement with USA to save much-needed cash Along with the lawsuit, USA also filed a lengthy document with the Securities and Exchange Commission to answer a series of questions about its rights to block or participate in the sale of assets controlled by VUE In that case, USA said that although it would have the right to sell its full interest in the partnership, it would not exercise that right As part of the deal, USA has claimed Vivendi must make annual payments to reimburse USA for taxes that will become due on income it receives from the preferred shares it owns in VUE Vivendi is also talking to oilman Marvin Davis about his $20 billion bid for all of VUE The document also says that VUE must reimburse USA for any taxes that would become due if the partnership sells the cable channels, such as the Sci-Fi Network, that USA contributed to VUE 4 percent common stock interest in VUE The deal, according to the lawsuit, was struck to maintain the "full value" of USA's preferred investment Still, the studio audience appeared to enjoy the performance Then, dressed in a black suit and Jimi Hendrix T-shirt, Jesse Ventura struck into a monologue in his unmistakable baritone Ventura opined on such subjects as the California gubernatorial recall, zero-tolerance policies in schools, the depravity of major party politics and how the media perverts the electoral process Gray Davis and Arianna Huffington, a columnist who was a candidate in the recall election until Sept 30 The "hero" was a football player hurt in a game, who had since returned to the field with a prosthetic limb Ventura ended the show by designating a "hero of the week" and a "dork of the week," which will be a regular fixture on the program The show had been delayed several months by format changes and other pitfalls, which Ventura acknowledged in a backhanded way by thanking the network for "finally having the courage" to put him on the air "This is 'Jesse Ventura's America,' where you're going to hear a lot of things that are going to make you think So began Ventura's long-awaited career as a talk show host Saturday night, when "Jesse Ventura's America" premiered on MSNBC But after a few rehearsals he was relegated to Saturday night, when viewership typically is lower Both appeared by satellite MSNBC initially intended to air Ventura's show every weeknight They laughed at Ventura's jokes and nodded approvingly at many of his opinions Even when he tried, Ventura seemed to have trouble eliciting debate, drilling guests with yes-or-no questions more characteristic of a lawyer in cross-examination than a talk show host trying to drum up dialogue You may not always want to hear it, but you will get honesty," he said In most cases, he spent more time delivering analysis than retrieving it from guests Guests included California Gov The "dork" was a doctor who was attacked by sharks while conducting an experiment on whether practicing yoga would reduce his heart rate and render him immune to shark attack Ventura Comes on Strong in MSNBC Debut Oct 5, 8:38 AM EST The cameras opened on a shaved head and panned around |
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