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?
That’s… Not very much in this context. Makes me think that WB is penny pinching, which doesn’t make too much sense. Wouldn’t it be better to release the movie and profit from it than just having a 21% discount?
I don’t know, just thinking loud here…
I suspect the movie would likely make a profit, bit not enough of one. They’d rather take the loss to “play it safe” and not scare away institutional investors. Or something stupid like that.