The Magic of Hollywood Accounting

August 17th, 2010

Movie CameraI’ve heard that you should never strike a deal to get part of the net proceeds of a movie because most films never make a profit (always ask for a percentage of the gross). Now I finally understand why that’s the case. The linked article explains how Harry Potter and the Order of the Phoenix grossed $938 million yet still had a $167 million “loss”.

Link: http://www.techdirt.com/…
(via Slashdot)

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