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Essay on Main Line Pictures Vs. Kim Basinger

Assignment id 1009713
Discipline Arts Entertainment
Assignment type Essay
Words 1519
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It seems to be an awfully tough undertaking to calculate lost profits to Main Line Pictures in this case. Kim Basinger , a renowned and very reputable performer, walked away from a movie deal causing Main Line Pictures to lose money. The amount of Main Line's loss can never be ascertained with pinpoint precision, and Main Line would not have made the gain that they indicate they would have. But is the plaintiff correct and will be the claims the plaintiff is bringing forward reasonable? First, Main Line's maximum and minimal lost gain amounts should not be revised down. The 3 million dollars represents a quote of predictable future cash flows from national supply. The deal not being finalized doesn't in any way alter that. There are those who will argue that it will, but I say that's a ludicrous debate because movie producers need to have the ability to predict future cash flows early on - until a movie is even released. They will need to have the ability to determine whether it's worth getting "credit" for films, since they will need to be able to pay that money back to their creditors. Main Line also argues they are entitled to $800,000 in overseas pre-sales, and that I believe they also have a valid claim in this case also for exactly the same reason listed above. The $800,000 is an indicator of the future cash flows from potential clients in the overseas markets. Though Kim Basinger is responsible for the missing amount listed above, is she also accountable for its 2.1 million dollars lost because the movie makers cast Fenn in area of Basinger when she opted out of this deal? Let's look at it from this perspective. Would Main Line produce a picture they expected to drop a lot of money? I believe not. And, as the def...

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