Movie Analysis Boxing Helena - 1086 Words

CAPTION: Main Line Pictures, Inc. v. Basinger, 1994 WL 814244 (Cal.App. 2 Dist.) FACTS: Actress Kim Basinger provided â€Å"loan-out† services to Mighty Wind, Inc. Main Line Pictures, Inc. sent Basinger a copy of the screenplay for the film â€Å"Boxing Helena† in December 1990. On January 24, 1991, Basinger met with her talent agent, Intertalent, and agreed to star in the film. Contract discussions between Basinger’s attorneys (Attorney Philips and Attorney Russell) and Main Line’s attorney (Attorney Wyman) were held. Both parties agreed that Basinger would be compensated $3 million, including $600,000 as well as additional deferred compensation. On February 27, 1991, both party’s attorneys discussed the material terms of the contract, in which Attorney Phillips agreed to each term. Attorney Wyman sent Attorney Phillips a deal memo dated on February 27, 1991 regarding terms for Basinger’s role in the film. Due to time constraints, an oral agreement was reached and material terms were compiled into written documents, including the Acting Service Agreement and a Producer s Standard Terms and Conditions for an Actor/Actress -- Loan-out. An â€Å"inducement† was also created. On March 7, 1991, these documents were sent to Attorney Phillips. Both attorneys exchanged various drafts of the documents in addition to sending Basinger copies. Many ancillary terms were changed and agreed upon. In April 1991, Basinger changed her talent agent to International Creative Management who suggestedShow MoreRelatedMain Line Pictures Vs. Kim Basinger Essay853 Words   |  4 PagesIt seems like an awfully difficult task to calculate lost profits to Main Line Pictures in this case. Kim Basinger, a well-known and very reputable actress, walked away from a movie deal causing Main Line Pictures to lose money. The amount of Main Line’s loss can never be determined with pinpoint accuracy, and Main Line would not have made the profit that they indicate they would have. However, is the plaintiff correct and are the claims the plaintiff is bringing forward reasonable? First, MainRead MoreMain Line vs Basinger2271 Words   |  10 Pagesan excellent example of the importance for accurate cost-profit decision making. Main Line had a verbal contract with Actress Kim Basinger to star in the film, Boxing Helena but had withdrawn from the project. The suit was heard in early 1993 in the Superior Court of the State of California, for the County of Los Angeles. The analysis of plaintiff and defendants’ arguments showcased in this suit indicates that regardless of the business, understanding and documenting the affects of decisions are