‘Commercial deal and settlement’: Top lawyer breaks down Sandilands v ARN case
Mediaweek Au
ARN and Kyle Sandilands reached a $12m settlement combining legal resolution with commercial terms, including revenue sharing and advertising credits.Summary
ARN Media settled legal proceedings with Kyle Sandilands through a $12.09 million cash payment, $1.5 million in advertising credits, and a 19.9% revenue share from Sandilands' new venture. The agreement, structured as both a legal settlement and commercial deal, allows Sandilands access to ARN's infrastructure while resolving litigation. Legal expert Michael Byrnes notes this creative resolution avoids court-imposed remedies and benefits both parties by addressing past disputes while supporting Sandilands' future endeavors.
(Source：Mediaweek Au)