alt Hacker NewsThe entertainment industry has a long history of making successful movies appear unprofitable on paper to avoid paying royalties.
Replies
whartung • yesterday at 10:35 PM
From the movie "Bowfinger" [0]
Dave: But movies cost millions of dollars to make.
Robert K. Bowfinger: That's after gross net deduction profit percentage deferment ten percent of the nut. Cash, every movie cost $2,184.
jrflowers • yesterday at 9:20 PM
My favorite example of this is when Warner Brothers said that Malibu’s Most Wanted wasn’t profitable because they spent so much money marketing Harry Potter that year.
➕ show 1 reply
The massive battle Peter Jackson had with the studio after none of the LoTR movies made a "profit" was very telling.
Oh, and it's even an example in that Wiki article you linked lol