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Hollywood accounting -

Posted: Thu Sep 22, 2011 8:25 pm
by GSH
The most creative types in Hollywood aren't the scriptwriters or Special EFX creators. It's the accounting department. According to this, Star Wars: Return of the Jedi has never made a profit.

-- GSH

Re: Hollywood accounting -

Posted: Thu Sep 22, 2011 8:34 pm
by Ded10c
Wow. That is utterly ridiculous.

Re: Hollywood accounting -

Posted: Thu Sep 22, 2011 8:57 pm
by Red Devil
"Imagine how poor Greedo must feel ?" :lol: :lol: :lol:

Re: Hollywood accounting -

Posted: Thu Sep 22, 2011 9:17 pm
by GSH
Greedo's dead. I imagine he feels ... still dead. :)

-- GSH

Re: Hollywood accounting -

Posted: Thu Sep 22, 2011 9:38 pm
by MrTwosheds
Wow. That is utterly ridiculous.
Not really, If you go round doing things like making a profit, all sorts of parasites turn up to take it away from you, The tax man (The people, your customers) shareholders (the people who enabled you to do it), the bloody actors (who actually did it), I mean what's the point if you can't just run off with all the money!
This is really quite normal in many Business's today, why do you think the economy's of the free world are all going bankrupt, while still having a huge number of very wealthy people living in them.
Death by loophole.

Re: Hollywood accounting -

Posted: Fri Sep 23, 2011 2:21 am
by Psychedelic Rhino
Yes, very similar to winning the lottery.

But with the lottery. . . add every relative, former girlfriend, and childhood best friend(s).

Re: Hollywood accounting -

Posted: Fri Sep 23, 2011 4:06 am
by HitchcockGreen
Ha. Ok admittedly, it was the weakest film of the original trilogy, but there is no way it didn't make a profit. How many times was it theatrically released? Or to various video formats?

http://www.youtube.com/watch?v=tk862Bbj ... dded#t=54s

Re: Hollywood accounting -

Posted: Fri Sep 23, 2011 11:57 am
by Red Spot
HitchcockGreen wrote:Ha. Ok admittedly, it was the weakest film of the original trilogy, but there is no way it didn't make a profit. How many times was it theatrically released? Or to various video formats?

http://www.youtube.com/watch?v=tk862Bbj ... dded#t=54s
Have you read the article?
They explain there that they have company A that hires Company B to do things but let company B charge such a high fee that company A never makes a profit. If company A made the movie they didnt make a profit, however company B got rich. So when company A says they didnt make any profit, it is actually the truth.

Re: Hollywood accounting -

Posted: Fri Sep 23, 2011 7:27 pm
by HitchcockGreen
Red Spot wrote:
HitchcockGreen wrote:Ha. Ok admittedly, it was the weakest film of the original trilogy, but there is no way it didn't make a profit. How many times was it theatrically released? Or to various video formats?

http://www.youtube.com/watch?v=tk862Bbj ... dded#t=54s
Have you read the article?
They explain there that they have company A that hires Company B to do things but let company B charge such a high fee that company A never makes a profit. If company A made the movie they didnt make a profit, however company B got rich. So when company A says they didnt make any profit, it is actually the truth.
Yeah I don't buy it.

Re: Hollywood accounting -

Posted: Sat Sep 24, 2011 12:19 am
by Nielk1
I am reminded of the MPAA taking those fake torrents listed on torrent sites that are just ads (literally, any combo of buzz words and search terms, I can make it say "Battlezone Five: Return of the Jedi Complete Album Complete [FastDL]". They take those fake numbers and then multiply it by a value that doesn't even reflect the cost of whatever movie they are checking on, and then they claim them as losses.

There are many circumstances of the MPAA screwing the actors, even keeping money meant for the actors that they ill got through false copyright violation 'pay up or else' DMCA schemes.

I don't think they are bad at math, I think they are very good at it, i think they lie and cheat and scam us all, actors and customers.

Re: Hollywood accounting -

Posted: Sat Sep 24, 2011 3:56 am
by GSH
There's a real budget deficit in the US. I say we tax Hollywood productions 50% off the top (gross take). Or audit Hollywood the way Enron got some attention. They could use a little scrutiny.

-- GSH

Re: Hollywood accounting -

Posted: Sun Sep 25, 2011 5:07 pm
by AcneVulgaris
End result: Hollywood moves to Vancouver.

Re: Hollywood accounting -

Posted: Sun Sep 25, 2011 8:05 pm
by Iron_Maiden
Boston seems more likely.