Let’s say that I have this one movie that is finished that I spent 80 million to make. I decided to “write it off”. So when I get to pay my taxes, do I get a 80 million discount?
Let’s say that I have this one movie that is finished that I spent 80 million to make. I decided to “write it off”. So when I get to pay my taxes, do I get a 80 million discount?
Sell it to Netflix for $10M and Netflix pays the post production costs.
Seems to me it’s more likely due to some contractual obligations that they don’t have to pay if the movie isn’t released at all. It’s something you don’t really see happen with other studios than WB. WB probably just has some weird shit going on in their contracts. They just say it’s a tax write off (which is true) but don’t mention it’s really because they put something in some contracts that says they only have to pay if the movie is released.