You're right that they couldn't just act prejudicially against minority shareholders. But they could probably adopt a poison pill (of sorts) that automatically

You're right that they couldn't just act prejudicially against minority shareholders. But they could probably adopt a poison pill (of sorts) that automatically triggered after the option was exercised? I know those exist. But in that case, the producers would have to be aware of it, and in that case, they'd opt for their 2% royalty option. But even in that case, you could probably setup a shell company to route the proceeds away. That all seems a little extreme though... but I'm surprised that the producers agreement is so short and doesn't take this into account.