Live data from Hacker News

Deleting and destroying finished movies

rogerebert.com

11–20 of 369 posts

Re: Deleting and destroying finished movies

#11
"One of WBD’s most notorious post-merger decisions was deleting an entire finished feature, “Batgirl,” that had an estimated budget of $90 million, to claim a tax write-off"

I feel like if someone reads that in a thousand years they're going to look at us the same way we look at some ancient tribe worshipping idols. Years of work and cultural artifacts destroyed for the accounting department, that's nuts.

Re: Deleting and destroying finished movies

#13
post #2

The contrary argument, that a creator has the right to destroy their creation, is made in the Gary Cooper movie "The Fountainhead" (1949).

Sure, that sounds fine, but the taxpayer ought to not be responsible for footing the bill in any way. The studios do this for the tax writeoff, which is tantamount to robbing the people paying taxes (eg:us) blind.

It's not "robbing the people paying taxes" because the money was never theirs to begin with. Taxes are paid on profits, and if profits are not made they're not owed.

Suppose I make a painting worth $1000. If I had sold that, I would have been required to pay taxes on that at the marginal rate, say 40% so $400 worth of taxes. Instead of doing that, I set it on fire. Does that mean I just robed taxpayers of $400?

Re: Deleting and destroying finished movies

#14
Seems like a less controversial solution would be to allow the same tax write-off if the studio releases the film for free distribution (e.g. via the Internet Archive), either into the public domain, or under a license like Creative Commons Noncommercial if there's concern about implicitly allowing derivative works by competitors or similar.

Re: Deleting and destroying finished movies

#15
post #9

Destroying it should be legal. Writing that off as a loss should be considered fraud, especially when there's an offer for it.

>Writing that off as a loss should be considered fraud, especially when there's an offer for it.

From wikipedia:

>In law, fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right.

Where's the deception here?

Re: Deleting and destroying finished movies

#16
post #15
post #9

Destroying it should be legal. Writing that off as a loss should be considered fraud, especially when there's an offer for it.

>Writing that off as a loss should be considered fraud, especially when there's an offer for it. From wikipedia: >In law, fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Where's the deception here?

It's defrauding the taxpayer

Re: Deleting and destroying finished movies

#17
post #16
post #15

Earlier quoted context omitted.

>Writing that off as a loss should be considered fraud, especially when there's an offer for it. From wikipedia: >In law, fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Where's the deception here?

It's defrauding the taxpayer

"fraud" doesn't mean "losing money in a manner I don't like", so I ask again: where's the deception here?

Re: Deleting and destroying finished movies

#18
post #12

I wonder, is it even possible to truly delete a movie? I am surprised Batgirl didn't leak. How do you even prevent that? It's just bits.

The short version is that almost everyone with enough access to make a local copy of the movie is financially and/idealistically incentivized enough by future opportunity within the industry not to risk it.

For everyone else, there’s law enforcement supported by unlimited budget for prosecution from the industry.

Re: Deleting and destroying finished movies

#19
post #17
post #16

Earlier quoted context omitted.

It's defrauding the taxpayer

"fraud" doesn't mean "losing money in a manner I don't like", so I ask again: where's the deception here?

That they actually incurred the losses they claim to have incurred, so they get a tax break. The taxpayer is defrauded.

They would rather delete the movie to claim the tax break than sell it to another studio offering more than the tax break.

If you think they actually lost that amount of money: https://en.wikipedia.org/wiki/Hollywood_accounting

Re: Deleting and destroying finished movies

#20
post #13

Earlier quoted context omitted.

Sure, that sounds fine, but the taxpayer ought to not be responsible for footing the bill in any way. The studios do this for the tax writeoff, which is tantamount to robbing the people paying taxes (eg:us) blind.

It's not "robbing the people paying taxes" because the money was never theirs to begin with. Taxes are paid on profits, and if profits are not made they're not owed. Suppose I make a painting worth $1000. If I had sold that, I would have been required to pay taxes on that at the marginal rate, say 40% so $400 worth of taxes. Instead of doing that, I set it on fire. Does that mean I just robed taxpayers of $400?

I bet the owners of the film studio had a really hard Christmas that year, with no profits. The issue is that the studio takes the profit if it succeeds, the taxpayers take the losses if it doesn’t.
Post reply on HN