CMG Holdings Group Inc (CMGO)

[VortMax]

was just checking this and that out....defendants do NBCU upfront EVERY year.....so, defendants have plenty of profits to pay with. This event alone pays $3M profit per year...probably a $5M per year profit company....can get $50M out of them reasonable unless they have invested some profits and have $50M+ sitting somewhere.


"The size of the business diversions was enormous," states the lawsuit. "It is the largest such event of the year and, generally, the most important one in that industry. NBCUniversal’s Upfront was held at the Jacob K. Javits Convention Center in New York, on May 11, 2015."

According to the plaintiff, NBC's 2015 Upfront budget was $16.53 million.

"Subtracting costs for the venue and union labor paid for by NBCUniversal (which the Budget indicates), at a minimum, the total cost HudsonGray charged for this NBC event is $14,530,000.00," continues the lawsuit. "The industry standard margin for event planners is twenty percent – in other words, HudsonGray and the Hudson Defendants will arrogate to themselves almost $3,000,000.00 profit from this one job alone."