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Perhaps they use the "Hollywood Accounting" trick of promising payments based on profits then arranging things so that no profits are actually made?
by arethuza 3y ago
Perhaps they use the "Hollywood Accounting" trick of promising payments based on profits then arranging things so that no profits are actually made?
- dylan604 3y agoI know this is the saying, but why is Hollywood given the dubious honors? Wouldn't it be just as accurate to say Business Accounting?
- arethuza 3y agoProbably because they seem to have the most egregious examples based on works that seem to everyone else to be pretty successful? "the Tolkien estate sued New Line, claiming that their contract entitled them to 7.5% of the gross receipts of the $6 billion hit.[23] According to New Line's accounts, the trilogy made "horrendous losses" and no profit at all." I think most people would find it surprising that both Return of the Jedi and the Lord of the Rings movies failed to make a profit? https://en.wikipedia.org/wiki/Hollywood_accounting https://en.wikipedia.org/wiki/Hollywood_accounting
- TheOtherHobbes 3y agoPoints on the gross receipts are not points on the profits. The fact that the trilogy was supposedly unprofitable shouldn't be relevant.
- underlipton 3y agohttps://twitter.com/ed_solomon/status/1669178741342326784 https://twitter.com/ed_solomon/status/1669178741342326784