
During the 1980s he built up the largest non-theatrical home video catalog in the world called Pacific Arts Corporation. It owned rights to everything from Koyaanisqatsi (1982) to "The Undersea World of Jacques Cousteau" (1966) to Ken Burns _"Civil War, The" (1990) (mini)_. Pacific Arts licensed the right to use the PBS logo on the titles in its catalog which had been aired on PBS, and developed the PBS Home Video label. The venture ended in a lawsuit with PBS that resulted in a six-week trial in federal court. A jury unanimously found PBS liable for intentional misrepresentation, intentional concealment, negligent misrepresentation, intentional interference with Pac Arts' contractual relations with the program producers and in breach of the covenant of good faith and fair dealing. They awarded Pacific Arts and Nesmith real and punitive damages totaling more than $47,000,000. PBS and Nesmith subsequently settled for an undisclosed sum.
(imdb.com)