this post was submitted on 10 Jan 2024
525 points (98.0% liked)

People Twitter

5213 readers
2329 users here now

People tweeting stuff. We allow tweets from anyone.

RULES:

  1. Mark NSFW content.
  2. No doxxing people.
  3. Must be a tweet or similar
  4. No bullying or international politcs
  5. Be excellent to each other.

founded 1 year ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 0 points 10 months ago

Technically, it isn't burning any money, it's all a tax write-off and they don't necessarily have any profit to report to the IRS. The US Film Industry has always been like that: employ all your friends, keep the money flowing, buy nice houses for the shareholders and producers, then pull the rug on anybody who worked for "percent of net profit/earnings." Hollywood accounting, they call it.

A lot less funny with all the context.