[dvd-discuss] Hollywood accounting practices

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

From:
http://www.cnn.com/2002/SHOWBIZ/News/06/05/woody.allen.ap/index.html
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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