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Jason Levine
Premium
join:2001-07-13
USA

Piracy and Box Office Earnings

Oh, sure they made $10.7 billion in box office earnings this year, but:

1) Without piracy, they would have made $10.7 TRILLION! Or even $10.7 QUADRILLION!!! Won't someone think of the poor, starving artists who barely live from movie to movie and pass the MPAA's latest extreme-copyright enforcement proposal?

2) Thanks to some "creative accounting practices", no movie from 2012 actually made a profit so the MPAA is sad to report that anyone working on the movies for a cut of the profits won't get paid. (MPAA: "Sure, The Avengers was a box office smash, but these figures show conclusively that it actually lost millions. Such a shame that we won't be able to pay you.")
--
-Jason Levine



Snakeoil
Ignore Button. The coward's feature.
Premium
join:2000-08-05
Mentor, OH
kudos:1

quote:
Thanks to some "creative accounting practices", no movie from 2012 actually made a profit so the MPAA is sad to report that anyone working on the movies for a cut of the profits won't get paid. (MPAA: "Sure, The Avengers was a box office smash, but these figures show conclusively that it actually lost millions. Such a shame that we won't be able to pay you.")

Like John Carter. It bombed when it was first released, but it actually made it's money over it's theatrical run. Then it made even more when the DVD/Blue rays hit. But yet Disney tried writing it off as a loss.

I think studios try to make "bombs" so they, like any other business, can charge off the loss against any profit they made that year. To help reduce the tax bill.
--
Is a person a failure for doing nothing? Or is he a failure for trying, and not succeeding at what he is attempting to do? What did you fail at today?.


Jason Levine
Premium
join:2001-07-13
USA

That might explain those "what were they thinking" movies. They get green light only so they'll bomb and help to hide the profits from the successes. Sort of like a movie version of the plot in The Producers.
--
-Jason Levine



kamm

join:2001-02-14
Brooklyn, NY

Hollywood's "creative accounting" ie tax fraud is well-known ever since Cukor invented the whole studio system. Scumbags, all of them.