4 ms·
The answer was pretty clear: the films were made for streaming and the new CEO doesn't think streaming is a priority and is choosing to write them off to save m
by 4death4 3y ago
The answer was pretty clear: the films were made for streaming and the new CEO doesn't think streaming is a priority and is choosing to write them off to save money.
- toomuchtodo 3y agoWriting them off should require releasing them into the public domain.
- tonyedgecombe 3y agoHow does writing them off save money though? They have already been made, the costs of distribution are tiny.
- johngladtj 3y agoThey can get a tax benefit for it
- tonyedgecombe 3y agoThat's the bit I don't understand. That money they spent on developing the film will get written off against tax whether the film is launched or not. How is it different if they scrap the film?
- jjeaff 3y agoNormally, that is the case. But the tax code is riddled with special exceptions and carve outs for all kinds of special interests, so I wouldn't be surprised if there was some kind of special tax credit or write off of unrealized profits specifically for the film industry.
- neonarray 3y ago"Warner Bros didn't think that ticket sales / streaming revenue would recoup the losses they'd incur by paying for marketing, distribution, rights negotiation, and all the other costs they're saving by stopping the project here."
- jasonjamerson 3y agoFor many movies the marketing and related costs of release are as much as the budget to make them.