# Blackmagic Co-Founder Sues Friends Over $98M Stake | Sydney News

Page: https://stenobird.com/podcast/sydney-news-today-2-min-news-the-daily-news-now-7568669/blackmagic-co-founder-sues-friends-over-98m-stake-sydney-news
Text version: https://stenobird.com/podcast/sydney-news-today-2-min-news-the-daily-news-now-7568669/blackmagic-co-founder-sues-friends-over-98m-stake-sydney-news.md
Podcast: [Sydney News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/sydney-news-today-2-min-news-the-daily-news-now-7568669)
Published: 2026-07-24T08:20:52+00:00
Episode link: https://sources.thednn.ai/0779890288fecaf2
Audio file: https://api.fastcast.ai/audio/87bf1829-eba5-474f-8042-afd3a3b1b250.mp3
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Duration seconds: 103

## Resource

A billionaire tech feud is heating up as Peter Barber, co-founder of Blackmagic Design, sues his old high school buddies Grant Petty and Douglas Clarke over a decade-long lockout from selling his 28% stake worth $98 million. The company, behind Hollywood blockbusters and blockbuster software, is now valued at $1.5B, but Barber hasn’t seen a dime since 2022 while the others cash in. With court proceedings looming and legal threats flying—including a potential demand for Barber to pay their fees if he loses—this isn’t just about money; it’s about control, legacy, and what happens when friendships fracture under billion-dollar stakes. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/0779890288fecaf2

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