When he appears on the second season of Shark Tank, Mark Cuban will be judging the viability of potential investments and entrepreneurs. The billionaire may want to think twice if anyone comes pitching a TV show deal.
Cuban, Todd Wagner and their 2929 Entertainment company have been ordered to pay millions in Don Johnson’s Nash Bridges lawsuit.
Johnson reportedly owns 50% of Nash Bridges, the TV series he helped create in 1995, and sued for profits that he felt he was owed. According to his suit, Bridges has earned more that $300 million in revenue, with half of that coming from syndication.
The actor/producer was awarded $23.2 million in the suit in July and then, last month, an additional $28.5 million was added. On Thursday, a judge ruled that 2929 Entertainment and investment firm Qualia Capital are the ones who have to pay Johnson.