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You left out the case where Netflix, Amazon and Paramount offer maybe $40m to buy it from them and they decline because they'd rather get the tax write off. Th
by BoiledCabbage 3y ago
You left out the case where Netflix, Amazon and Paramount offer maybe $40m to buy it from them and they decline because they'd rather get the tax write off.
That's the broken part.
"Here's tens of millions of dollars for this project you're about to toss."
"No I'd rather destroy it and get paid tens of millions from the govt instead".
- SkyPuncher 3y agoI this case, it doesn't sound broken. It sounds like the offers were less than the tax-savings. The market spoke, they didn't want to pay enough to make it more worthwhile than taking the loss. There's nothing nefarious with that.