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the deception is assigning a zero value to the movie, when it's not zero.
by AlbertCory 3y ago
the deception is assigning a zero value to the movie, when it's not zero.
- gruez 3y agoIt is zero when the hard drive holding the only copy is degaussed.
- AlbertCory 3y agono, if you had an offer for $30M, then that was the value.
- gruez 3y agoAnd the value went to $0 after destroying it. I don't see what's the issue is here.
- AlbertCory 3y agoIf you can't understand accounting, maybe an introductory course would help.
- gruez 3y agoWhatever "introductory course" you took must be pretty bad, because even the elective I took in college taught that valuations on the same asset can go up and down.
- AlbertCory 3y agoapparently they didn't teach about "fair market value" then.
- smileybarry 3y agoThe buyer is not buying the hard drive, they're buying the asset it holds. If you destroy the only copy, you make it unobtainable but the value of that intellectual property is arguably still $30m. (If said offer was $30m, in this case) For that reason: if the studio destroyed all known copies of the movie, write it off, and then an unknown copy gets leaked by someone who worked on it -- the studio will still sue for damages >$0 and claim in court that any piracy downloads are potential viewings, ergo stolen profit.