The team's popularity waned in the mid-1950s, and the IRS demanded substantial back taxes, forcing the partners (both of whom had been free spenders and serious gamblers) to sell most of their assets, including the rights to many of their films. When the team's long-term contract with Universal was up in 1954, they demanded more money than the studio was willing to pay, and they were dropped after 14 years at the studio.
The team's popularity waned in the mid-1950s, and the IRS demanded substantial back taxes, forcing the partners (both of whom had been free spenders and serious gamblers) to sell most of their assets, including the rights to many of their films. When the team's long-term contract with Universal was up in 1954 they demanded more money than the studio was willing to pay, and they were dropped after 14 years at the studio.