RE: [dvd-discuss] Hollywood accounting practices

[Richard Hartman <hartman(at)onetouch.com>]

Because 8 of the 10 _do_ recover their costs ... and of those 8, some
do far more than merely recover their costs.

... not to mention those creative accounting methods that can "prove"
that even the biggest box-office performers didn't actually make any
money ...

-- 
-Richard M. Hartman
hartman@onetouch.com

186,000 mi./sec ... not just a good idea, it's the LAW!


> -----Original Message-----
> From: mickey [mailto:mickeym@mindspring.com]
> Sent: Wednesday, June 05, 2002 7:46 AM
> To: dvd-discuss
> Subject: [dvd-discuss] Hollywood accounting practices
> 
> 
> 
> 
> From:
> http://www.cnn.com/2002/SHOWBIZ/News/06/05/woody.allen.ap/index.html
> ==========
> In a slap at Hollywood accounting, he added that it isn't always 
> apparent whether a film is profitable. "The film companies are very 
> creative with their accounting," he said. A longtime friend 
> of Allen's, 
> former television host Dick Cavett, came to hear his testimony on 
> Tuesday. Outside court, Cavett quipped: "If the film 
> companies open up 
> their accounting, the courts will be full of people."
> ==========
> 
> Hmm, 2 out of 10 movies don't recover their costs in domestic 
> theaterical release? It's funny that the same figure was used both 
> recently and twenty years ago. Why would anyone stay in a 
> business that 
> has such poor performance?
> 
> mickeym
>