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RCA CORP. v. COLUMBIA PICTURES INDUS., INC.

75 A.D.2d 789 (1980)

RCA Corporation, Appellant, v. Columbia Pictures Industries, Inc., Defendant-Respondent and Third-Party Plaintiff. GRT Corporation, Third-Party Defendant

Appellate Division of the Supreme Court of the State of New York, First Department.

May 29, 1980

Buddah Records, Inc. (Buddah) is a corporation engaged in the production of master recordings and tapes. On March 1, 1977, RCA Corporation (RCA) and Buddah entered into an agreement pursuant to which RCA became the distributor of records and prerecorded tapes made from master recordings produced by Buddah. As part of that agreement RCA undertook to pay to a division of GRT Corporation (GRT) the sum of $250,000 in 24 equal monthly installments commencing April 15, 1977. By...

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