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Let's not forget that the studios have an artistic side too; Harry Potter and the Order of the phoenix lost over a hundred and fifty million dollars (sic) but o
by EliRivers 7y ago
Let's not forget that the studios have an artistic side too; Harry Potter and the Order of the phoenix lost over a hundred and fifty million dollars (sic) but out of the goodness of their hearts they pressed on with the series!
- rowanG077 7y agoHow the fuck is that possible? It was one of the largest film franchises at the time.
- EliRivers 7y agoThey made a fortune out of it. https://en.wikipedia.org/wiki/Hollywood_accounting https://en.wikipedia.org/wiki/Hollywood_accounting
- deleted 7y ago[deleted]
- jjeaff 7y agoAgreed, Hollywood accountants may be more creative than the filmmakers. But really, all they are doing is taking money out of one pocket and putting it into another. Their marketing division or others will simply massively overcharge the film for their services. Thus showing a huge charge against the film budget. This is to keep from paying royalties based on profit. This is also why Keanu Reeves is one of the richest actors in Hollywood. He made a 15% on gross deal for the matrix. So no amount of shifty accounting could get the studios out of paying him. One can only assume they made that deal at the time because they didn't expect the movie to be all that successful.