KWIKA wins $500,000 for ‘Paranormal Activity’ director Peli

KWIKA partner Jeremiah Reynolds, representing Paranormal Activity writer-director Oren Peli, prevailed in arbitration over a “kill fee” provision in Millennium Films’ three-month option agreement with Peli.  Millennium had refused to pay the $500,000 fee, which was triggered when negotiations to sign Peli as director for a movie called Eliza Graves broke down.  The movie was eventually released under the name Stonehearst Asylum with another director.

For the full story, see coverage in Variety and The Hollywood Reporter.