Hollywood’s unquestionably bizarre accounting methods are below renewed scrutiny

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New York

“Forrest Gump” has under no circumstances created a solitary penny for the studio that designed it, irrespective of marketing in excess of $300 million well worth of tickets at the box business office. “Return of the Jedi” was a in the same way monumental economic flop. Exact same goes for at the very least a person Harry Potter film. All of them wildly popular, nonetheless wildly unprofitable. At the very least on paper.

At the heart of the most important Television set and movie business strike in extra than 60 many years is a dispute more than how men and women must be paid out. But the special accounting benchmarks that the marketplace has lengthy relied on to make people calculations is everything but easy.

“Hollywood accounting,” as a idea, is so distinct to the entertainment enterprise it has its individual Wikipedia page.

Accountants chat about Hollywood accounting like a type of wayward cousin, partly since it diverges from the United States’ normally recognized accounting concepts, or

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