McCarten filed a breach of contract suit against film producer Graham King and his company, GK Films, Deadline reports.
Despite this, accounting statements from Twentieth Century Fox Film Corporation show that Bohemian Rhapsody is $51 million in the red.
Fox, however, claims McCarten is owed money only via its “Defined Net Proceeds” definition, rather than GK Films’ standard “‘Net Proceeds’ definition, as modified through good faith negotiation.”
Murphy, who by 1988 was sharing in gross receipts, derisively referred to net proceeds as “monkey points” in a deposition.