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My understanding is that film companies already do a variation on this, where actors are hired by a shell company that is ""hired"" by the main company to produ
by cmeacham98 5y ago
My understanding is that film companies already do a variation on this, where actors are hired by a shell company that is ""hired"" by the main company to produce the film. Thus, the company that hired the actors (and that they have a %-revenue share contract with) makes little to no profit.
- MereInterest 5y agoThat's my understanding as well. That the fraud is so widespread with very few consequences, that it is also referred to as "Hollywood accounting"[0]. [0] https://en.wikipedia.org/wiki/Hollywood_accounting https://en.wikipedia.org/wiki/Hollywood_accounting