David Glasser, ‘Yellowstone’ Producer and Former Weinstein Co. Executive, Sued Over Personal Debt
14.05.2022 - 00:29
/ variety.com
Gene Maddaus Senior Media WriterA film investor has sued former Weinstein Co. executive David Glasser, now CEO of “Yellowstone” producer 101 Studios, alleging that he failed to repay a personal loan despite repeated assurances.Glasser is best known as producer of the hit Paramount Network drama series “Yellowstone,” starring Kevin Costner, as well as its spinoffs.
In 2009, he was head of international sales with the Weinstein Co., when, according to the lawsuit, he persuaded Radenko Milakovic to loan him $531,288.Milakovic was an investor in the Weinstein Co. film “Escape From Planet Earth” and also put money into a project called “90 Days.” According to public records, he is an officer with Altima Partners LLP, in the U.K., and is a resident of Portugal.
According to his complaint, Milakovic initially rebuffed Glasser’s request for a loan, fearing that it would complicate his relationship with the studio. But, the suit claims, Glasser insisted that he needed the funds to prevent the foreclosure of his parents’ house.Milakovic began to fear that if he refused the loan, Glasser could jeopardize his relationship with the company, according to the suit.“Plaintiff and his team had observed that Defendant Glasser would often create conflict and chaos only to then step in to ‘fix’ it, when it suited him to do so,” the lawsuit states.
“The relationship with TWC had become increasingly difficult, so Plaintiff felt he needed to protect that business investment. Based on Defendant Glasser’s prior behavior, and his position and authority at TWC, Plaintiff became increasingly concerned that Defendant Glasser could and potentially would make things even more difficult.”Milakovic said in the suit that he felt he had “no choice” but
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