In a 16-page resolution on Jan. 5 and made public on Sept. 9, the SC Second Division upheld with modification the P8.11-million fine for damages against Cinecolor Corp. with an interest of 6% for failing to correctly render its services to the local film company.
In 2004, the two firms agreed upon a schedule for a film that Magsaysay planned on releasing in time for the Manila Film Festival on the afternoon of June 22 that year. When the film was eventually premiered, the final product had faulty sound work, color editing, and other technical issues, it also noted.
Magsaysay pointed out that the production company showed inexperience and unpreparedness when it turned over a “substandard film.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: