>A Warner Bros. receipt was leaked online showing that the hugely successful movie Harry Potter and the Order of the Phoenix (2007) ended up with a $167 million loss on paper after grossing nearly $1 billion. This is especially egregious given that the Wizarding World film series is one of the highest-grossing film series of all time both domestically and internationally. The Hollywood accounting in the Harry Potter case included a $60 million interest charge on a $400 million budget over two years – an interest rate far higher than industry standard – as well as high distribution and advertising fees paid out to Warner Bros. subsidiaries and sister companies.
Nobody other than me will respond to this post because it is actually about /tv/ and not politics or ragebait
>>215559158don't care
>>215559158This really put in perspective the costs of productionNow we have a base to call every film a flopSuperman was a flop?
>>215559190Thread is dead because Hollywood Accounting is ancient news at this point, this would have been novel in like 2014
Avoiding taxes? This is a hit to David Heyman's image as a super producer
>>215559158>included a $60 million interest charge on a $400 million budget over two years – an interest rate far higher than industry standard – as well as high distribution and advertising fees paid out to Warner Bros. subsidiaries and sister companies.>paid out to Warner Bros. subsidiaries and sister companies.Not even mobsters skim off the top this brazenly.
This is just Hollywood accounting, isn't it?
wow who could've imagined that hollywood cooks the books..truly astounding revelation
>>215559322>>215559322Why doesn't Trump audit them? Come to think of it, why doesn't any republican administration take these left wing studios to task for cooking the books?
>>215559158>receipt You niggers are so stupid. I used to work for giant corporate entities in the 00s. An this would have been laughable to just look at. Nigger PowerPoint and Adobe existed back then.
Wait until you find read about their hollywood accounting job for the lord of the rings movies according to their jews, the movies were massive flops>>215559346yup
I can make shit like that in 30 minutes, just throw me some numbers
>>215559158Not surprising since they also claimed the Lord of the rings movies didn't make a profit
>>215559158Studios have separate books. One is movie production which will always be at a loss because only purpose for it is to make the movie. It does not record income generate from said movie. Said movie production is owned by the studio. Once the movie makes money it’s recorded profits go in as studio income.
>>215559158>“There are a lot of different tricks,” said Stephen Glaeser, an associate professor of accounting at the University of North Carolina at Chapel Hill. But the most basic version of Hollywood accounting goes like this:>1. A studio sets up a subsidiary for each movie it wants to make, and agrees to pay the actors based on that subsidiary’s profits.>2. To actually make the movie, the subsidiary inevitably takes on expenses — crew wages, craft services, set design, props etc.>3. When the movie comes out, the subsidiary brings in revenue from ticket sales. Like in any business, the studio takes the revenue, subtracts the costs, et voilà, there’s your profit (or loss).>This is where it gets weird.>If the movie-making subsidiary makes a profit, the studio then charges the subsidiary — as in, the little company the big company owns, operates, and entirely controls — fees for distribution, advertising, and whatever else, Glaeser told me. And, of course, the subsidiary “agrees” to the new fees. Because it must.>The profits then go straight to the studio in the form of fee payments, so that, on paper, the subsidiary never makes any profit.
>>215559451Daily reminder we never got Forrest Gump 2 for this same bullshit reason, Hollywood accounting cheated Winston Groom out of owed royalties and when Hollywood asked to adapt his second book he said something to the effect, "Id really hate to have to subject you guys to another failed project after the last one lost you so much money."
>>215559680Forrest Gump 2 would have sucked anyway, the 2000s were a boring shit time to live in compared to 1964-1991
>>215559158You think that's bad, wait till you learn how much Disney lost with Rise of Skywalker
>>215559396Excellent question. I guess no one just cares about movies anymore.
>>215559680Forrest Gump is the best example of Hollywood adapting work for the silver screen and actually making it far betterSo shucks for Groom
>>215559158where did you get this $1 billion number? it says right on the "receipt". 612 million cumulative total gross
>>215559158Is this some roundabout way to prove Superman was a flop, or some schizo jew-hating money laundering conspiracy? It has to be something like that.
Based jews dodging taxes and dodging ovens
>>215559680We're lucky we didn't get Forrest Gump 2 because that second book is fucking retarded but it was disgraceful how they jewed the writer out of his money. He eventually sued them and he settled out of court for an undisclosed sum that also included him selling the rights for the sequel to them so he at least got some of what he was owed.
>>215560373>We're lucky we didn't get Forrest Gump 2 because that second book is fucking retardedQRD?
They were English trying to use the US for money? Are they stupid, we always double back charges till we are sitting in it.
>>215559158yeah, no shit. they do this so they can fuck over anyone who gets paid based off profits on the contracts because all the movie studios are owned and run by jews
>>215559396>>215560211they pay taxes on that shit. they're fucking over fags who have contract incentives based off profit, not the IRS
>>215559158>receiptDumbass
>>215560406nta, the second book is basically the writer seething about hollywood fucking him
>>215560358they're still paying taxes on that shit. it's to fuck over anyone involved who gets a percent of the profit as part of their contract
>>215560406It's a mess.Bubba and Gump go under after Lt. Dan sells off his shares, Forrest gets a job as a janitor in a strip club where he meets a former teammate and plays football again for a while before becoming a door to door salesman that accidentally invents the formula for New Coke. He bumps into Lt. Dan in Washington who is now blind and homeless. Forrest gets recruited by Reagan to fly to Iran on a covert mission and he is disavowed and ends up imprisoned. He gets out and inadvertently sets Hinkley on his mission to assassinate Reagan, he then ends up working with Boeken and Milken on Wall Street and meets Tom Hanks while he's making Big. Jenny's ghost alerts Forrest that he is the patsy for Boeken and Milken's scams. He ends up on trial, he finds he's still in the army due to a clerical error, he has to go to Iraq with Lt. Dan who dies in battle and then he starts an Oyster business with his son after he meets the Clintons.
>>215559322we live in sick times
>>215560572chuckberryeyesbugged.jpg
>>215560572Pure lefty shizo-kino
It's funny because nowadays like every movie and TV show is legitimately losing money
>>215560572Huh I now remember reading this. Wasn't that great. O must have read the first book too, not don't remember doing it at all, it probably wasn't that great either.>>215560502>>215560513Why though, how is paying millions in taxes better than paying someone their due?
>>215559158OttP was my favorite book and least favorite movie.
>>215560643>Why though, how is paying millions in taxes better than paying someone their due?Because they write those fake taxes off their other earnings to ensure they keep more money in their own pockets.
>>215559158>>215560679Aren't these the same people who tell us to pay more in taxes and junk?
>>215560643because they don't want to go to tax jail
>>215560645goblet of fire is an unintentional comedy and the movies that came after were all trendchasing 'wider audience' seeking crap
>>215560745Rules for thee, not for me, goy.
>>215559190>Hollywood Jew accounting was enough of a joke over half a century ago that The Producers was made as a farce of it>People are still surprised that they're still pulling the same shitThis isn't anything new or noteworthy at this point
>>215559158if they're distributing money to wholly owned subsidiaries it's just a book keeping thing
>>215561026Harry Potthead was a flop. Get over it.
>>215559669backend deals are always about gross profit to avoid this shit. There are tax incentives to fucking with subsidiaries like this but they're all shit you need to have gone to Harvard to do, not just cheap scams.
>>215559680I believe Peter Jackson had to sue New Line for royalties they tried to Jew him out of, too.
>>215562318>they're all shit you need to have gone to Harvard to dothey can't just copy and paste with the new name on what worked before?
>>215560572>it's realWhat the fuckI thought it was a shitpost
>>215560572Did Lt. dan's wife leave him or stay with him when he was blind and homeless
>>215560314Shut up you stupid cunt
>>215564227lol, no.
>>215560174You wouldn't want to see Forrest and his Son trying to outrun Hurricane Katrina on a shrimp boat?
>>215559158There's a reason they call Net Points (percentage of the profit you can negotiate as part of your whatever deal) Monkey Points. No movie ever makes a profit.Gross Points is where it's at.
>>215562655the book is a satire, just like the first bookthey didnt include the part where he becomes an astronaut and co-pilots a spaceship with a monkey in the first movie either
>>215560642then why do they keep making them?
>>215560645OttP the book is far less interesting after the final revelations on Voldy and Snape etc. especially with the vague and esoteric role of the Deathly Hallows.The film is just a vehicle for the Dolores Umbridge character and the final ministry fight and almost everything else is left out.
>>215563017He never had a wife/fiancee in the book. Forrest doesn't even get a wife in the original book. When he finds out he has a son Jenny is with another man so Forrest opts to leave him to be raised by the husband and Jenny. He, Lt. Dan and an orangutan Forrest Gump crashed in a spaceship with when he was an astronaut for NASA then leave to live in New Orleans. Funnily enough the organutan has the name Sue which is Dan's fiancee's name in the movie.I'm not making that up. That really happens in the original book.
>>215559158With shit like this and Disney only unveiling the real budgets and grosses of their SW' films this year, it seems we have to wait some 10 years to learn the real profits of a film.
>>215559669post her naked
>>215564837Because they’re publicly traded
>>215559396Trump may be anti woke but he's also intensity nationalistic, and one way that manifests is lot of pride in Hollywood's international dominance of the industry, he would never actually do something to really hurt them because then another nation might replace them.
>>215559396Because every major corporation in America cooks the books you retard
This is not a "receipt" for a film, it's a distribution report, it says so at the top.This is not how much money the movie made or how much was spent in marketing, it's just calculating the fee owed to the licensor by the distributor. These amounts, both the revenues and expenses, are not all inclusive. There are giant contracts that say what can be included under each line item.For this film the licensor and the distributor were both warner bros. So warner bros decided it owes itself $0 for distributing the film. This is not some damning evidence of corruption, it's literally an internal cost allocation report for the accounting department t. bean counter
>>215560572>>215560217To be fair yeah Hollywood made the film way better than the source material. Just imagine what they could do (then, not now, I shudder to think what Gump 2 would become now) with all this zaniness.
