Celeb News: Bey settles $100 million lawsuit - Page 2

Maiko

Quote:

Originally posted by Ascension

Ummmm that's only the most influential game lawsuits of the year 2012. It didn't even go to trial for any precedents to be set; it was simply high profile because of who was involved.

Yeah because that's totally how lawsuits work. If they really and honestly stood a chance of winning 100 million, do you really think they would have settled for 55 million?

The 100 million dollar figure was simply posturing to begin with; the only actual loss was a total 6.7 million dollars paid out by five different investors. This was a new venture and not an established entity years of documented revenue to reference. It's not possible to prove what could have been made off of what at that point was essentially a gamble -- the game could have been massively successful and net them tens of millions or a massive flop and lost everything they invested; that's simply how investments work.

Monetary damages are about proving actual harm and not potential, which in this case was 6.7 million; which is a lot of money clearly, but, nowhere close to 100 million dollars. It's highly unlikely that this was settled for any more than 10 million or on the extreme high end, 14 million which would have gotten then back double what was actually lost.

The hive constantly clocks with the facts. The most educated and scholarly stanbase tbh.

Bey'Knight

haters sitting at the bottom wishing for the King to fall down to their fav's level

stay there

For me, the real loss in all of this is that video game i'll never get to play

Bey'Knight

Quote:

Originally posted by Vin

You can bet that Beyoncé paid out a hefty settlement to Gate Five. I've been following this case because it's a landmark case in the world of gaming. Celebrities have yet to successfully fully crossover into the world of gaming, Beyoncé being another casuality of the crossover. One problem is that celebrities/musicians don't have nearly as much control over the creative direction of games as they do their own careers. Games cost anywhere between 50 million to 200 million to make, so believe me, if you're going to try to pull some crude business tactic or back out of a deal, they are going to DESTROY you and WILL get their money because these are billion dollar companies. It costs more to make games than it does to make the majority of feature films. I do believe Beyoncé DID try to be slick on the business side of things, which basically sabotaged the entire multi-million dollar project, so yes, she most likely basically cancelled out her Pepsi deal with this lawsuit. Beyoncé bit off a little more than she can chew this time. It's a fascinating case, and again, a very big deal within the gaming industry, which may prompt a change in some laws or contracts in the process, when it comes to partnership with celebrities.

I highly advise reading the fascinating rundown of the case here:
http://dlr-law.com/3/post/2012/12/co...12-2-of-5.html.

...Vin

one business deal caused them to lay off 77 workers before christmas. Clearly she destroyed them first besides that doesnt sound like a billion dollar company in the first place but dont let me stop u from flying on the wings of your bogus fabrications

Rico Shameless v2

Quote:

Originally posted by Bey'Knight

one business deal caused them to lay off 77 workers before christmas. Clearly she destroyed them first ...

No she just put hard working people out of a job.

Demiboyx

Mess, I was looking forward to this game to perfect my Get Me Bodied choreography skills

Queen Bea.

Quote:

The demands drove away a financier and caused Gate Five to lay off 70 people during the holidays, the lawsuit said.

This is awful, I hope she handed over enough.

BnPac

Lol at a proposition for a celeb's game causing a company to lose 77 workers. That's ********, either they were just trying to get rid of these people or they have no sense of business. Great for Bey to settling the deal.

Phoenetic

Quote:

Originally posted by BnPac

Lol at a proposition for a celeb's game causing a company to lose 77 workers. That's ********, either they were just trying to get rid of these people or they have no sense of business. Great for Bey to settling the deal.

The gaming industry is a very risky industry. One mistake can cost several million dollars. Something like this causing dozens of people losing their job is very common in the industry, sadly.
This actually is very plausible. The fact is, if several million dollars have been put into a game already and it doesn't even get finished, that's a huge blow to that company.

I'm sure Beyoncé didn't mean any of this to happen. It ended up going horribly wrong though. Stuff like this really can cause lots of problems in the gaming industry.

Bey'Knight

Quote:

Originally posted by Rico Shameless v2

No she just put hard working people out of a job.

They are grown people. They're not her responsibility!

Lose My Breath

I highly doubt the settled anywhere NEAR 50 million...

They wouldn't have even been able to prove loses of more than 6.7 million, on top of that, I'm sure Bey's lawyer made just argument that the game was going nowhere as it was.

She probably paid the 6.7 the investors put into the game

rihannafan

I don't care about the amount she paid to them, i still can't believe she stopped her investment and fired all those employees (on christmas nonetheless), and after they had made a deal and all. I'm gutted tbh.

Aleks

Quote:

Originally posted by jomarr

Well there goes the Pepsi deal

Rigalo

Only the QUEEN could put so many people out of a job at once! Work! Flawless!

Bey'Knight

Quote:

Originally posted by rihannafan

I don't care about the amount she paid to them, i still can't believe she stopped her investment and fired all those employees (on christmas nonetheless), and after they had made a deal and all. I'm gutted tbh.

sure u are, rihannafan