Paramount Pictures Corporation v. Holden

YANKWICH, Chief Judge.

On June 26, 1958, plaintiff, Paramount Pictures Corporation, a New York corporation, — to be referred to as Paramount, ■ — instituted an action for declaratory relief against William Holden, a well-known motion picture artist. 1 **Our jurisdiction is based solely on diversity. 2

I

Brief Summary of the Pleadings

The original Complaint set forth a contract entered into on the 16th day of April, 1951, between Paramount and Holden which was to continue for a period sufficient to produce fourteen photo-plays, “the production year” being defined in terms which need not be gone…