• doctorcrimson@lemmy.today
    link
    fedilink
    arrow-up
    1
    arrow-down
    1
    ·
    10 months ago

    Technically, it isn’t burning any money, it’s all a tax write-off and they don’t necessarily have any profit to report to the IRS. The US Film Industry has always been like that: employ all your friends, keep the money flowing, buy nice houses for the shareholders and producers, then pull the rug on anybody who worked for “percent of net profit/earnings.” Hollywood accounting, they call it.

    A lot less funny with all the context.