Sony (SONY) Pictures Television, which makes “Wheel of Fortune” and “Jeopardy!,” is suing Paramount’s (PARAA) (PARA) CBS, the company that distributes the two TV shows, for allegedly undercutting the value of the shows for its own interests, Joe Flint of The Wall Street Journal reports. CBS licenses the shows to television stations and sells some ad space in them, receiving a cut of the revenue. Sony filed a lawsuit in Los Angeles Superior Court alleging breach of contract and claiming CBS earned distribution fees from unauthorized deals, licensed the shows at prices below market rates, and favored its own shows over the two Sony shows when making distribution deals and selling advertising.
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