3 ms·

How much of a problem is "Hollywood accounting"?

• Keyframe 15y ago
  Sometimes it's a problem, but sometimes it isn't. I rather see it as an opportunity grabbing mechanism. You can see (especially large) productions hunting tax incentives for movie productions in various countries around the world for example. In studio productions there are 1-5 ratio of successful projects, they're hunting every opportunity to guard their investments. Now imagine if you're an indie production where all eggs (yours and your investors) are in a single bucket. It's scary, every single project is like a new startup - but not with couple of tens of thousands of dollars, but several millions and up.
• samgranieri 15y ago
  It's a big problem. They're getting embarrassed by it repeatedly in the courts. The studios set up corporations that take charges on the movie's profits for all kinds of things and it all ends up screwing the hard working actors and crew out of fair pay, even for big movies that make a lot of money. We should challenge the industries job loss and revenue loss figures with questions regarding their accounting tactics. Read these links! http://en.wikipedia.org/wiki/Hollywood_accounting http://en.wikipedia.org/wiki/Hollywood_accounting http://www.techdirt.com/articles/20110912/13500315912/hollywood-accounting-darth-vader-not-getting-paid-because-return-jedi-still-isnt-profitable.shtml http://www.techdirt.com/articles/20110912/13500315912/hollyw... http://www.theatlantic.com/business/archive/2011/09/how-hollywood-accounting-can-make-a-450-million-movie-unprofitable/245134/ http://www.theatlantic.com/business/archive/2011/09/how-holl... http://www.filmschoolrejects.com/features/6-things-the-film-industry-doesnt-want-you-to-know-about.php/all/1 http://www.filmschoolrejects.com/features/6-things-the-film-...