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The whole purpose of accounting is to reduce or avoid sharing profits with actors and stakeholders other than the studios. So creative accounting may be a common practice, but is it legal? After all we didn’t hear many entertainment companies swept up in the accounting investigations of the early ’00s. There is a grey area there, what is hollywood accounting and the legality of this sort of profit sharing tends...Read More

That’s why you normally see the gross income when studios brag about how much money the next Avengers movie made, opposed to the net income. Each film is structured like a corporation intended to lose money. Within this structure are shell companies, existing primarily in name, designed to drain the film’s profits and redirect them to the studio. These companies manage various aspects, from advertising to distribution, and even general...Read More

This reversal was partially because co-studio MGM shut down production without Jackson. My kids and their kids, they’re taken care of because of the system. But there are dark little segues and people that have put it to ya. They say the definition of Hollywood is someone who stabs you in the chest. Needless to say, this is mostly a Hollywood (and American) trope, since doing this outside the U.S....Read More

Especially when the production costs were less than a tenth of that, Paramount would later settle for $9000, rather than have their accounting methods scrutinized. Many insist on “gross points” (a percentage of some definition of gross revenue) rather than net profit participation. This practice reduces the likelihood of a project showing a profit, as a production company will claim a portion of the reported box-office revenue was diverted directly...Read More

This approach cuts down on huge upfront know-how investments and gets you to market quicker – saving you both time and money. One of Quadcode’s unique selling points is its speedy setup of operational brokerages. It helps greater than 200 asset courses, such as cryptocurrencies, indices, and retail Forex. Its 99.5% uptime assure highlights its dependability and strong security protocols. With its multi-chart layouts and robust alert systems, Quadcode’s mobile...Read More