Hash Fellow robcat2075 Posted June 28, 2011 Hash Fellow Posted June 28, 2011 How much does a hugely successful movie make? A really big one? Less than nothing! http://www.boingboing.net/2011/06/27/holly...nomics-how.html Quote
Admin Rodney Posted June 28, 2011 Admin Posted June 28, 2011 Fancy paperwork will make even the richest entity look as if they were poor. I recall this subject coming up before somewhere... perhaps on the Animators Guild (TAG) Blog. The gist of it being a creative way to get talent to sign up and receive credit/claims that are never meant to be paid. (The top talent supposedly know this but those at the lower end who give up salary in lieu of a percentage of profits learn it the hard way) On the one hand it's accepted as standard operating procedure and 'everyone knows it' but at face value it looks like the corporation lost everything. Quote
fae_alba Posted June 28, 2011 Posted June 28, 2011 Basic premise for owning a business...for tax purposes never show a profit. Quote
dblhelix Posted June 30, 2011 Posted June 30, 2011 about a decade ago i heard something similar for the first time; the profit was exclusively in the DVD sales. at the time it was grounds for targeting piracy, these days a quiet whisper for new and better ways for distribution via internet. Quote
John Bigboote Posted June 30, 2011 Posted June 30, 2011 I would imagine this is primarily a ruse to avoid paying the taxes that are rightfully due. Not as funny when you realize you are the victim here too. Quote
Hash Fellow robcat2075 Posted June 30, 2011 Author Hash Fellow Posted June 30, 2011 I think another big ruse is to avoid paying contractually obligated residuals to unionized workers. Note the zeros down in those blanks. Quote
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