A New York State Supreme Court justice Tuesday ruled that filmmaker Spike Lee
will have to pony up a $2.5 million bond to cover Viacom Inc.'s costs if Lee
loses his lawsuit to stop the media conglomerate from renaming its The New TNN
network Spike TV.
Lee, who posted a $500,000 bond June 13, will have until Thursday to post an
additional $2 million to keep his lawsuit intact, according to the Associated
Press. Lee won a temporary injunction against Viacom to rename TNN, claiming
that the Spike TV name was a deliberate attempt to hijack his image and
A New York State Appellate Court spiked Viacom's stay request of the
injunction last Thursday.
Judge Walter Tolub also set a date of Aug. 18, about one month earlier than
was projected. In a prepared statement, TNT officials said, "We are pleased with
the court's decision to grant our request for an expedited trial."
According to the AP, the judge revised the amount of Lee's bond after hearing
testimony from TNN vice president Kevin Kay that the network had lost millions
of dollars since the injunction.
In papers filed at the Appellate Court last Tuesday, TNN claimed that it was
losing approximately $16.8 million in the first week alone due to Lee's court
Lee's advisors, however, told AP they believed Viacom's losses were hundreds
of thousands of dollars, not millions.
Ironically, Lee is working on a movie for Viacom-owned pay TV service
Showtime, according to AP.