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Derivative rights refer to the exclusive right of a copyright holder to authorize the creation of new projects based on an original copyrighted work. PREVIOUSLY, June 10: Alcon Media Group LLC has won its $417.5 million bid to acquire Village Roadshow Entertainment Group's library of 108 feature film titles, Alcon said Wednesday. The deal includes Village Roadshow's entire library of intellectual properties, distribution rights and cash flows. The library includes rights and royalties to the motion pictures that the company co-produced and co-financed in association with Warner Bros since 1997, including such films as Mad Max: Fury Road, the Ocean's Eleven series, The Matrix trilogy, Joker, Ready Player One, the Sherlock Holmes franchise, Wonka and others that collectively generate an estimated $50 million annually. More specifically: Alcon acquired the participations and the naked copyrights in the Warner Bros. films co-financed by Village. No other rights in the Warner Bros. films were part of this auction, including distribution rights, which are owned by WB, and the right to co-finance derivative works. See more

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