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This...doesn't make sense? The expenses of producing the movie can already be offset against their profits. That's how business works: you only pay taxes on mon
by bradley13 3y ago
This...doesn't make sense? The expenses of producing the movie can already be offset against their profits. That's how business works: you only pay taxes on money you earn after expenses.
So how, exactly, do they get an additional write-off for destroying the film? If you deliberately destroy something of value, why should you get to write that off your taxes? Consider: They certainly own a lot of computers. If the CEO walks through the building smashing all the computers with a sledgehammer, the IRS is not going to let them write off the destruction. That would be stupid.
So why can they do this with a movie?
- bluesign 3y agoProbably there are some costs involved after publishing the movie. Some minimum guarantee royalty commitment to some people involved, like actors etc.