LOS ANGELES, CALIFORNIA: A lawsuit Chuck Norris filed against CBS and Sony over claims that his production firm was due more than $30 million in unpaid revenues from 'Walker, Texas Ranger' has been resolved. The 83-year-old martial arts expert and Hollywood celebrity sued the businesses through his company Top Kick Productions, claiming they failed to share the earnings the program garnered through streaming services.

From September 1993 through May 2001, eight seasons of the CBS television series 'Walker, Texas Ranger', with Norris as Cordell Walker, were telecasted. The hugely successful program brought in hundreds of millions of dollars had episodes accessible on streaming services, and was established in more than 100 countries. However, let's learn about Norris's net worth.

What is Chuck Norris' net worth?

Given that Forbes lists Chuck Norris as having a net worth of $70 million, one may assume that he is quite wealthy. The jokes about Chuck Norris being the richest person in history or how the IRS pays his taxes yearly won't be fueled by this. Simply said, Chuck Norris is a great national treasure and one of American history's most successful martial arts performers. Governor Rick Perry recognized Chuck as an honorary member of the Texas Rangers in 2010. His contribution to the television program increased public knowledge of the police significantly.

The program has earned 'over $692 million in revenue to date'

According to a complaint submitted in 2018 by Top Kick's legal team, the firm made an arrangement with CBS, the program's distributor, to provide Norris with 23 percent of Walker's income. According to the lawsuit, the program has earned "over $692 million in revenue to date."

Through its licensing and distribution deal with CBS, Sony also had a "contractual duty" to Norris' business, the lawsuit said. The '23 Percent Clause' purportedly wasn't followed, according to Norris's attorneys, who claimed that money from streaming services wasn't paid.

His attorneys wrote, "Top Kick does not know how much revenue Walker has generated through the [streaming] services. But, on information and belief, none of that revenue has been shared with Top Kick," as reported by DailyMail.

'The defendants have consciously sough to market..'

The suit added, "The defendants have consciously sought to market, sell and distribute Walker in ways that are designed to collect significant fees and revenues from the ongoing exploitation of Walker without having to honor or pay Top Kick, and to instead materially breach the 23 Percent Profit Clause."

According to Norris' legal team, 'Top Kick' has sustained damages exceeding $30 million." Before the dispute was resolved through arbitration, Top Kick requested a jury trial in the lawsuit filed in the California Superior Court. On Friday, a motion to dismiss the lawsuit was submitted, as per reports.