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Are you certain of this? I know Hollywood Accounting is a thing for movie production, but I haven't heard any evidence that it's being used for streaming servi
by CoastalCoder 3y ago
Are you certain of this?
I know Hollywood Accounting is a thing for movie production, but I haven't heard any evidence that it's being used for streaming services.
If nothing else, I'd expect a risk of this being treated as securities fraud if streaming service P&L is broken out in public-company reports.
- exe34 3y agoI'll believe the poor rich people who are struggling to buy their third yacht when they open up their accounts books and show where all the money comes from and where it goes to. As long as they keep it secret, I'll assume it's because they don't like paying taxes.
- c0wb0yc0d3r 3y agoThis article[0] indicates that Disney removed shows to write them off. [0]: https://gizmodo.com/disney-streaming-cuts-tax-writeoffs-1850502594 https://gizmodo.com/disney-streaming-cuts-tax-writeoffs-1850...