Warning: Some posts on this platform may contain adult material intended for mature audiences only. Viewer discretion is advised. By clicking ‘Continue’, you confirm that you are 18 years or older and consent to viewing explicit content.
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.
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.