Tele-Pac, Inc. v. Grainger

Tele-Pac, Inc. and Video-Cinema Films, Inc. entered into an agreement in 1964 for the distribution of 26 motion pictures which had already been released in the theatres between 1943 and 1953. This agreement provided in pertinent part: "The Producer does hereby grant to the Distributor a license to distribute the said pictures set forth on Schedule A, in perpetuity, from the date hereof, for broadcasting by television or any other similar device now known or hereafter to be made known. This shall include, but not limit the said license to pay television, home television, theatrical television,…