Accounting. Studios take the profits from their hit movies and factor them against the losses from their flops. *Presto*.....no taxable profits and no profits to honor the backend contract deals.
[ Accounting. Studios take the profits from their hit movies and factor them against the losses from their flops. *Presto*.....no taxable profits and no profits to honor the backend contract deals. ]
Since the studios make a “net loss” I wonder how much tax they pay?
And then Hollywood has the gaul to tell us that the “rich business owners” need to pay more taxes... Why don’t they pay their own taxes?