UPDATE 6/27/2013 12:08 a.m. PT: Inside sources with knowledge of the situation have expounded on Maker Studios CEO Ynon Kreiz not currently being in the country at the outset of co-founder Danny Zappin’s suit. Details can be found here.
Addressing co-founder and former CEO Danny Zappin’s lawsuit against Maker Studios, current Maker Studios CEO Ynon Kreiz — who replaced Zappin in May of this year — sent an email to company employees, which NMR has obtained a copy of and can be seen below. In the letter, Kreiz upholds the earlier Maker statement that Zappin’s lawsuit is “without merit” and “baseless.”
Kreiz goes on to allege that after Zappin stepped down in April — a month before the move was actually reported — he was offered a “fair and lucrative consulting agreement” and that he sold a “large part” of his stock in the company. A month later, Zappin, in Kreiz’s words, had “second thoughts about departing, hired lawyers to threaten litigation and effectively sought to unwind the clock.”
Kreiz ends the letter by characterizing their current situation as “unfortunate and awkward,” and he urges Maker Studios employees to not be distracted from “building Maker and doing our work.”
The letter is the first word from Kreiz since the story of Zappin’s lawsuit broke today, and is part of the latest development in Maker Studios’ arduous story that seemingly began late last year when former Maker partner Ray William Johnson broke away from the network and accused Maker of holding his Adsense account hostage and then-CEO Zappin of unprofessional conduct.