WB Once Tried To Report $167 Million in Losses From a Harry Potter Movie

This Article outlines how movie studios try to decrease the amount of profit that a film reports by essentially charging themselves for expenses. Even a film that grosses over $900 million on a $150 million budget like Harry Potter and the Order Of the Phoenix can be reported as a loss with some trickery.

https://www.techdirt.com/articles/20100708/02510310122.shtml

Submitted December 29, 2018 at 12:30AM by colomb1 http://bit.ly/2BK4u6M