41–50 of 366 posts
Earlier quoted context omitted.
Sounds like Jodorwsky's Dune[0] where it's famous for not getting made. https://en.wikipedia.org/wiki/Jodorowsky%27s_Dune
I would love to see how insane a 10-14 hour Dune movie would be. No intermission I'm sure.
Earlier quoted context omitted.
This isn't how tax write-offs work. The expenditures in the production of a film or TV series are always deducted from taxable net income regardless of whether the final product is released or not. There are a plethora of reasons not to release a creative work. For example, you don't want to spend any more money on music licensing, editing, marketing, etc, that is unlikely to be recouped. "Tax write-offs" simply isn'…
I know this is derailing the main thread, but then why are studios choosing not to release finished movies on streaming? It seems like they could recoup at least some of the expenses compared to just shelving the thing forever.
A) Not as finished as being represented by media, and the costs associated with finishing them exceed the likely value of the finished product
B) The studio views the finished product as being of marginal value and damaging to their brand
Earlier quoted context omitted.
This isn't how tax write-offs work. The expenditures in the production of a film or TV series are always deducted from taxable net income regardless of whether the final product is released or not. There are a plethora of reasons not to release a creative work. For example, you don't want to spend any more money on music licensing, editing, marketing, etc, that is unlikely to be recouped. "Tax write-offs" simply isn'…
There have been multiple completed works that have been canceled for tax reasons. https://deadline.com/2023/01/as-tv-turns-to-tax-write-offs-t...
Also, this isn't a debate. The US tax code isn't something that's decided by CW showrunners.
Earlier quoted context omitted.
Sounds like Jodorwsky's Dune[0] where it's famous for not getting made. https://en.wikipedia.org/wiki/Jodorowsky%27s_Dune
I would love to see how insane a 10-14 hour Dune movie would be. No intermission I'm sure.
Earlier quoted context omitted.
This isn't how tax write-offs work. The expenditures in the production of a film or TV series are always deducted from taxable net income regardless of whether the final product is released or not. There are a plethora of reasons not to release a creative work. For example, you don't want to spend any more money on music licensing, editing, marketing, etc, that is unlikely to be recouped. "Tax write-offs" simply isn'…
Certain expenses will be capitalized while the film is available for release/streaming. Depreciation/amortization will be years for the life of the film. But if you scrap it right away, you can deduct those expenses immediately.
Losing the money to a crazy director who gambled it away is at least better than actually finishing the series but never releasing it to get tax write-offs (looking at you Max).
This isn't how tax write-offs work. The expenditures in the production of a film or TV series are always deducted from taxable net income regardless of whether the final product is released or not. There are a plethora of reasons not to release a creative work. For example, you don't want to spend any more money on music licensing, editing, marketing, etc, that is unlikely to be recouped. "Tax write-offs" simply isn'…
Earlier quoted context omitted.
This isn't how tax write-offs work. The expenditures in the production of a film or TV series are always deducted from taxable net income regardless of whether the final product is released or not. There are a plethora of reasons not to release a creative work. For example, you don't want to spend any more money on music licensing, editing, marketing, etc, that is unlikely to be recouped. "Tax write-offs" simply isn'…
Certain expenses will be capitalized while the film is available for release/streaming. Depreciation/amortization will be years for the life of the film. But if you scrap it right away, you can deduct those expenses immediately.
You wouldn't capitalize the expenses of a film that was expected to recoup any meaningful amount of money on release. Either the thing is already costing you more money than it is worth or is a brand risk, thus you look for a way to get out as painlessly as possible.
Isn’t $55 M little more than a rounding error for a company like Netflix ?
Losing the money to a crazy director who gambled it away is at least better than actually finishing the series but never releasing it to get tax write-offs (looking at you Max).
Since we're discussing the economics of film/TV studios, and their weird decisions. I'd like to understand why the studios are still making Star Trek shows. Each one seems to be more poorly received than the last. That's costing studios far more than $55M. Picard alone cost ~$9M per episode according to Wikipedia.
Now that the series are basically only available on streaming through CBS/Paramount I don't know what syndication gains are being made, but I'd guess a huge percentage of the CBS/Paramount streaming subscribers are staying subscribers for the huge Star Trek library. It's an anecdote but the last time I quit Netflix was when they lost Star Trek and I realized I was basically only hanging on for Star Trek episodes (after about a year and a half I resubscribed for other content).