They don’t spent the $90M intending to write it off. This is a failure mitigation strategy where they failed and want to recoup as much value as possible. Stu

They don’t spent the $90M intending to write it off. This is a failure mitigation strategy where they failed and want to recoup as much value as possible. Studios still lose $60M when they write off $90M they are effectively only saving the $30M they would pay in taxes. It’s still not profitable and they want to avoid this as much as possible.