Comment on Warner Bros Negotiating Big Sale Of Shelved ‘Coyote Vs. Acme’ Movie: The Dish
marine_mustang@sh.itjust.works 5 weeks ago
Wouldn’t that negate that sweet sweet tax write-off? Let me guess, they get to book the tax deduction for the loss AND the profit from an eventual sale as long as enough time has passed?
It would but hey if it makes more profit than they can just get off on their taxes that’s more profit. And that sounds very Zaslav. If it makes money for him he will change his opinion in a second.
They were actually shopping it around when they first canned it, but clearly the other distributors wanted a discount and he wanted every dime and then some.
Doubt trump’s irs will care. Wouldn’t be surprised if that influenced this happening now.
psyspoop@lemm.ee 5 weeks ago
I don’t think it’s been confirmed whether they’ve actually written this one off yet or not. There were reports that they had written off somewhere around $115m for scrapped projects last year, but there were no confirmations around which projects specifically were written off.
I’m not an expert in these matters at all, but if they had written it off, wouldn’t they have had to destroy the materials?
Emperor@feddit.uk 5 weeks ago
Batgirl was written off. A friend was contacted about coming in to help finish the VFX but they scrapped the film before he could even sign the contract.