After taking some outside funding from a company called Spearmint Rhino, director Michael Ninn is no longer part of Ninn Worx.
Spearmint Rhino acquired Ninn Worx last year with the director retaining 49 percent of the company. Included in the deal was the director’s library of titles, which Ninn claims was earning around $100,000 per month.
Ninn told XFANZ that he wasn’t sure if he was going to be bought out, but claims that Spearmint Rhino breached its contract with him entitling him to legal redress. Ninn plans to file a suit against the Rhino claiming breach of contract, which it did “about 25 minutes after I signed it,” he said.
Ninn also claims he’s no longer allowed to use the Michael Ninn name (its rights remain with Ninn Worx), so he’s rebranding himself IMNINN – which I guess is a clever way of spelling “I’m Ninn”.
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