Onyx Oblivion said:
Recoup actual losses, fuck this "potential" $100 million shit.
Well, I don't know who is right and who is wrong here, nor do I know what the actual contract(s) involved here look like.
If Beyonce is wrong here, and there is no way to tell since we haven't heard her side of the story, then I don't think the 100 million dollars is out of line. The reason is due to punitive damages. If you simply go after a big business or extremely rich person for "actual damages" then it becomes increasingly easy for them to just do whatever they want, paying off the people they screw simply becoming part of their assumed operating costs. If a big company or major celebrity can just wrong people and settle it by slinging some money from their petty cash drawer, I think that's an issue.
Of course if I was the guys involved in this, I'd be blunt about my demands for money being punitive and intended to hurt the person I think screwed me, rather than trying to justify it with projected earnings and other crap. What's more the amount of money I demand would be relative to whom I'm actually after.
As I've said before, if I really believed I was wronged by a major company or someone who was crazy rich, as a rule of thumb I'd go after an amount equal to the profits from their most profitable quarter of the last reported year. Profits being calculated AFTER expenses such as paying employees and other things. This amount of money simply being taking their gains rather than their operating expenses. Even if my losses were trivial comparitively speaking, the idea is to do damage signifigant to the group I have a problem with. It isn't a punishment if they can just laugh it off. What's more if they keep screwing people and taking hits on that level they will become totally unprofitable and probably go out of business, and frankly I'm cool with that if they are screwing people.
Beyonce is a big honking deal, she's been around a long time, and is not just a performed, but also a brand. For her I'd imagine 7 million is chump change for her overall organization. Whatever her motive, such as more money from another potential contract, or simply figuring the game wasn't profitable enough to invest the time, she probably figured she could just violate her contract, and deal with the problem by tossing what is a trivial amount of cash at it and do whatever the heck she wants. You can't accomplish anything and keep people like this in line, honoring their agreement, and so on, unless you hit them hard enough for it to matter.
I don't know the overall finances involved, but 100 million is probably enough to be punitive, where I'm not sure if 7 million would be, with all the merchandising and such she has a piece of. To me, it seems fairly reasonable for the accusation, assuming of course these guys are in the right (a bit assumption with only one side of the story) and she loses. Of course, as I said, I'd be using a differant logic. If I went after the profits generated by her organization/brand over a 3 month period I suspect the price tag would be more than a hundred million. It would also be a deterrant in making sure she, and those with a financial stake in her, didn't do it again. The hit I scored wouldn't ruin her individually, but a few hits like this would, and I see nothing wrong with that. One of our big problems is actually that I think people are too merciful in cases like this, and the system makes it too easy for the very rich to buy their way out of trouble, with paying off suits simply being part of operating expenses.