Telemundo Sues Sora for Contract Breach, Alleging It Defaulted on Settlement Payment

Telemundo sued Sora and Company1 for withholding funds that belonged to the plaintiff under a 2022 production agreement, said a Tuesday complaint (1:24-cv-21662) in U.S. District Court for Southern Florida in Miami. Under the contract, Telemundo was to receive all incentives, subsidies and sponsorships tied to Premios Tu Musica Urbano 2022, an awards show for Latin urban music genres, said the complaint. Sora’s profit would be determined by the production fee budgeted by the parties and a portion of ticket sales, the complaint said. That stipulation “was true whether a particular revenue or credit was obtained by or in the name of Sora & Co.,” since in many cases, certain incentives, sponsorships or subsidies will only be awarded to a local production company, the complaint said. Sora was “negligent” in obtaining certain subsidies and breached the agreement by withholding funds that "rightfully belonged to Telemundo," it alleged. After informal negotiations failed, the companies had a mediation under JAMS, which concluded with a confidential settlement agreement and release stating that Sora would pay Telemundo a settlement sum. Telemundo now seeks an order requiring Sora to comply with the schedule of payments after it didn’t make a required partial payment Feb. 28, it said.