Re: [dvd-discuss] Hollywood accounting practices

[mickey <mickeym(at)mindspring.com>]

I said that wrong, didn't I? The claim is that only 2 of 10 recover 
costs.. .
mickey

Richard Hartman wrote:

>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 ...
>

-----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