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What's actually happening is that a lot of the companies used in a Hollywood production are interrelated. The same people own most of the stock so when they’re
by throwup238 2y ago
What's actually happening is that a lot of the companies used in a Hollywood production are interrelated. The same people own most of the stock so when they’re doing the accounting, they get to set the price they charge for the movie and make their profit on the production side. It’s all legal and GAAP, it’s just the production companies owned by the people who fund the movies making the real profit.
- disgruntledphd2 2y agoOh, so it's similar to tech company transfer pricing.
- onlypassingthru 2y agoTyler Perry isn't a billionaire because he's made a bunch of blockbusters. He's a billionaire because he owns the entire film production chain, from studio to productions, and puts his name on all of the credits for good measure such as writer, director, producer, etc.[0]. [0]https://en.wikipedia.org/wiki/Tyler_Perry https://en.wikipedia.org/wiki/Tyler_Perry