Hollywood Accounting Rears Its Ugly Head Again: Fox's 'False Testimony' And 'Aversion For The Truth' Leads To $179M Fine

Sat, 2 Mar 2019 23:51:27 +1100

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://www.techdirt.com/articles/20190227/11564841690/hollywood-accounting-rears-ugly-head-again-foxs-false-testimony-aversion-truth-leads-to-179m-fine.shtml>

"For years, we've talked about bullshit Hollywood Accounting, in which
the big studios make boatloads of money on films and TV shows while
declaring publicly that those works never made a dime in profit. As
we've discussed, in its simplest terms, the studios set up a separate
"corporation" for the film or TV project, which then it charges massive
fees -- and the sole purpose of those fees seem to be to send all the
money to the studio, while claiming that the film or TV project is
"losing money" and thus they don't have to pay out any profits to the
actual creative people."

Cheers,
        *** Xanni ***
--
mailto:xanni@xanadu.net                   Andrew Pam
http://www.xanadu.com.au/                 Chief Scientist, Xanadu
http://www.glasswings.com.au/             Partner, Glass Wings
http://www.sericyb.com.au/                Manager, Serious Cybernetics

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