Friday, July 09, 2010

HARRY POTTER AND THE ORDER OF THE PHOENIX made $938 million, and is still $167 million in the red. Riiight.

Ever wondered why they call them monkey points?

Interestingly, this may all change:

It appears that Hollywood Accounting is coming under attack in the courtroom... and losing. Not surprisingly, your average juror is having trouble coming to grips with the idea that a movie or television show can bring in hundreds of millions and still "lose" money. This week, the big case involved a TV show, rather than a movie, with the famed gameshow Who Wants To Be A Millionaire suddenly becoming "Who Wants To Hide Millions In Profits." A jury found the whole "Hollywood Accounting" discussion preposterous and awarded Celador $270 million in damages from Disney, after the jury believed that Disney used these kinds of tricks to cook the books and avoid having to pay Celador over the gameshow, as per their agreement.

Personally I find these lawsuits disingenuous. Everyone who gets monkey points knows they're monkey points. If you want real money, and you have the clout to demand it, you get gross points. James Cameron has made over $350 million dollars from AVATAR. Personally.

Labels: crafty accounting

11:25 PM

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