Lawsuit over the biopic of Venus and Serena Williams' father has been settled

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Lawsuit over the biopic of Venus and Serena Williams' father has been settled

The lawsuit over the RIchard Williams biopic 'King Rchard' has been setteled between Will Smith's production company and Warner Bros. Richard Williams is the father of tennis champions Venus and Serena Williams.

Lawsuit over biopic on Serena & Venus Williams' father, Richard Williams, has been settled

As per a report in the LA Times, production companies TW3 Entertainment and Power Move Multimedia had filed a breach of contract lawsuit in June against Will Smith’s company Overbrook Entertainment, Warner Bros., production company Star Thrower Entertainment, Star Thrower cofounders Timothy and Trevor White, and Richard Williams and his son and business partner, Chavoita Lesane.

The lawsuit stated that TW3 and Power Move owned the rights to Richard Williams' story as they had bought the rights to his memoir in 2017 for $10,000 from his son and business partner Lesane, whom had a power of attorney from his father for the film and media rights of the book.

TW3 and Power Move has also begun working on a project based on the same. The lawsuit went on to state that Richard Williams later sold the rights to his life story to the “King Richard” team for $1 million. The matter has been resolved informally by both the parties.

The “King Richard” film features Will Smith as Richard Williams, Saniyya Sidney as Venus Williams and Demi Singleton as Serena Williams. The film is slated for release next year. Richard Williams is considered to be among the greatest coaches in tennis history.

With no formal background on the sport, he raised his two daughters Venus Williams and Serena Williams to become world class champions in the sport. Venus has won seven Grand Slam singles titles while Serena Williams has won 23 Grand Slam singles titles.

The Williams sisters ushered in a new era of power tennis in the women's game and are still going strong more than two decades after they burst on to the tennis scene. 38 year old Serena Williams is ranked No. 9 in the world currently while 40 year old Venus Williams is ranked No.

67. Both are playing the WTA event in Lexington this week and are scheduled to play in the second round of the tournament at the time of writing this report. They also plan to play the upcoming US Open in New York later this month. (Photo from Wimbledon Twitter Account)