You're wrong. Not all costs incurred in the current year reduce taxes in the current year. These weren't expenses (which reduce net income in the period when i

You're wrong. Not all costs incurred in the current year reduce taxes in the current year. These weren't expenses (which reduce net income in the period when incurred) but investments in a new movie (which create assets which sit on the balance sheet). The decision to write off the asset in the current year (rather than amortizing it over time) is the result of a business decision.