Add to that Wall Street now seems to mostly care about debt reduction, and rewards studios and streamers immediately with a bump in their stock price when any significant debt reduction is announced. So Zaz pays down his enormous debt load and gets a stock bump in basically real time.
The Studio heads were always about making money, but say what you want about the old guard, they also were to some degree interested in making good or popular movies. That is in no way true of guys like Zaz, who are 100% in the money making business, not show business. Sent from Gmail Mobile On Mon, 13 Nov 2023 at 1:52 AM Adam Bowie <[email protected]> wrote: > According to Matt Belamy at Puck, the film is now going to get shopped > around, so not necessarily locked into the vault. Aside from anything else, > I guess there are some relationships to maintain. > > He also has a bit of a discussion about exactly how much you really save > by taking a tax write off on a film that has already cost millions. > Basically, the main gain is that you can account for it sooner, rather than > waiting months or years for the movie to play through the various windows > and the accounting to be mostly calculated. So take the loss now rather > than a year or two down the line. And WBD does have an enormous debt pile > to pay down. > > I've got to think that with the likely paucity of movies in theatres in > spring/summer next year, someone will bite on this. I mean "Trolls Band > Together" which hasn't even opened in the US yet, has earned nearly $60m. > (OK - I know film economics mean you basically need to double your > production budget to hit the black, and this movie is said to have cost > $70m). > > > Adam > > On Fri, Nov 10, 2023 at 8:35 PM Tom Wolper <[email protected]> wrote: > >> There’s a biased reasoning that if the movie is getting shelved it must >> be a terrible movie. It’s entirely possible that these movies are fine, >> even better than some which have been released, but there’s some accounting >> or tax benefit to shelving them. If it’s saving them money one way or >> another it doesn’t have to make sense. >> >> On Fri, Nov 10, 2023 at 2:27 PM M-D November <[email protected]> >> wrote: >> >>> He released the new Space Jam movie, but this is getting shelved? Come >>> on. >>> >>> On Friday, November 10, 2023 at 11:40:52 AM UTC-5 Kevin M. wrote: >>> >>>> >>>> >>>> As others indicated, I’m not versed in studio accountancy, but nobody >>>> seemed interested in the tax write off by NOT releasing the Cindy >>>> Crawford/Baldwin brother film Fair Game, despite it being theatrical >>>> malaise. The studio that gave us Kangaroo Jack is claiming a Wile E Coyote >>>> movie is somehow lacking?! The studio said “yes” to the cinematic flotsam >>>> and jetsam that was the Arthur remake, Battlefield Earth, and Cop Out, but >>>> a film about a female caped crusader gets buried in a shallow grave? >>>> >>>> >>>> On Fri, Nov 10, 2023 at 5:36 AM Tom Wolper <[email protected]> wrote: >>>> >>>>> Producers, directors, writers, and some technical people have to take >>>>> years out of their lives to make movies like this happen. To go through >>>>> all >>>>> that and then find out nobody will get a chance to watch them must be >>>>> heartbreaking. >>>>> >>>>> It’s like a Renaissance prince was a patron to a master artist. He >>>>> asks the artist for a painting on a specific subject, and when the artist >>>>> shows him the final work he burns it. >>>>> >>>>> On Fri, Nov 10, 2023 at 8:02 AM Doug Eastick <[email protected]> >>>>> wrote: >>>>> >>>>>> I would have liked to watch this. >>>>>> >>>>>> Resilience, anvils, trains, fake light at the end of the tunnel.... >>>>>> So many metaphors for this story. >>>>>> >>>>>> I still don't really Get the idea of spending $70M+ and canning it >>>>>> and getting a tax write-off. I guess that's why I'm not an accountant. >>>>>> >>>>>> >>>>>> >>>>>> /Doug >>>>>> [email protected] >>>>>> >>>>>> On Thu, Nov 9, 2023, 7:05 p.m. Kevin M. <[email protected]> wrote: >>>>>> >>>>>>> It’s a clever premise. Sort of like Harvey Birdman: Attorney at Law >>>>>>> but for the WB animated characters >>>>>>> >>>>>>> On Thu, Nov 9, 2023 at 3:03 PM Mark Jeffries <[email protected]> >>>>>>> wrote: >>>>>>> >>>>>>>> The live-action/CGI film made originally for Max (when it was HBO >>>>>>>> Max) in which Wile E. Coyote sues the maker of all of those devices >>>>>>>> that >>>>>>>> did not help him catch the Road-Runner, in which John Cena played the >>>>>>>> attorney representing ACME, wrapped last year, was moved to theatrical >>>>>>>> release in July but got postponed in favor of, hi "Barbie"!, and now >>>>>>>> Daddy >>>>>>>> Zaslav, Super Genius, has decided that it will jon "Batgirl" and >>>>>>>> "Scoob! >>>>>>>> Holiday Haunt" in the Land of Tax Write-offs--understandably, the >>>>>>>> film's >>>>>>>> director is pissed: >>>>>>>> >>>>>>>> >>>>>>>> https://www.hollywoodreporter.com/movies/movie-news/john-cena-coyote-vs-acme-movie-shelved-1235643235/ >>>>>>>> >>>>>>>> >>>>>>>> >>>>>>>> -- >>>>>>>> You received this message because you are subscribed to the Google >>>>>>>> Groups "TVorNotTV" group. >>>>>>>> To unsubscribe from this group and stop receiving emails from it, >>>>>>>> send an email to [email protected]. >>>>>>>> To view this discussion on the web visit >>>>>>>> https://groups.google.com/d/msgid/tvornottv/fdb91dae-81bf-4686-bcf6-1ee5e29d1d62n%40googlegroups.com >>>>>>>> <https://groups.google.com/d/msgid/tvornottv/fdb91dae-81bf-4686-bcf6-1ee5e29d1d62n%40googlegroups.com?utm_medium=email&utm_source=footer> >>>>>>>> . >>>>>>>> >>>>>>> -- >>>>>>> You received this message because you are subscribed to the Google >>>>>>> Groups "TVorNotTV" group. >>>>>>> To unsubscribe from this group and stop receiving emails from it, >>>>>>> send an email to [email protected]. >>>>>>> To view this discussion on the web visit >>>>>>> https://groups.google.com/d/msgid/tvornottv/CAKgmY4CH0%2B6P%3D4yGR1yVtP684yadi1n9pW5w7Q1cA_jbPCTDXQ%40mail.gmail.com >>>>>>> <https://groups.google.com/d/msgid/tvornottv/CAKgmY4CH0%2B6P%3D4yGR1yVtP684yadi1n9pW5w7Q1cA_jbPCTDXQ%40mail.gmail.com?utm_medium=email&utm_source=footer> >>>>>>> . >>>>>>> >>>>>> -- >>>>>> You received this message because you are subscribed to the Google >>>>>> Groups "TVorNotTV" group. >>>>>> To unsubscribe from this group and stop receiving emails from it, >>>>>> send an email to [email protected]. >>>>>> To view this discussion on the web visit >>>>>> https://groups.google.com/d/msgid/tvornottv/CAK5Q1BoE-WqJOfxxWFc3TA6gFZiZHHTYEwOE4qN8sXKa-6oFZg%40mail.gmail.com >>>>>> <https://groups.google.com/d/msgid/tvornottv/CAK5Q1BoE-WqJOfxxWFc3TA6gFZiZHHTYEwOE4qN8sXKa-6oFZg%40mail.gmail.com?utm_medium=email&utm_source=footer> >>>>>> . >>>>>> >>>>> -- >>>>> You received this message because you are subscribed to the Google >>>>> Groups "TVorNotTV" group. >>>>> To unsubscribe from this group and stop receiving emails from it, send >>>>> an email to [email protected]. >>>>> >>>> To view this discussion on the web visit >>>>> https://groups.google.com/d/msgid/tvornottv/CAJE-FiGh3gdA6Ygw7Bgyvqqsee4m89p0v6e9M%2BEJNfY-eiHDUg%40mail.gmail.com >>>>> <https://groups.google.com/d/msgid/tvornottv/CAJE-FiGh3gdA6Ygw7Bgyvqqsee4m89p0v6e9M%2BEJNfY-eiHDUg%40mail.gmail.com?utm_medium=email&utm_source=footer> >>>>> . >>>>> >>>> -- >>> You received this message because you are subscribed to the Google >>> Groups "TVorNotTV" group. >>> To unsubscribe from this group and stop receiving emails from it, send >>> an email to [email protected]. >>> To view this discussion on the web visit >>> https://groups.google.com/d/msgid/tvornottv/ac17df66-03cb-4137-a65e-fab15d9134b0n%40googlegroups.com >>> <https://groups.google.com/d/msgid/tvornottv/ac17df66-03cb-4137-a65e-fab15d9134b0n%40googlegroups.com?utm_medium=email&utm_source=footer> >>> . >>> >> -- >> You received this message because you are subscribed to the Google Groups >> "TVorNotTV" group. >> To unsubscribe from this group and stop receiving emails from it, send an >> email to [email protected]. >> To view this discussion on the web visit >> https://groups.google.com/d/msgid/tvornottv/CAJE-FiG4hizbA21WJ2zC1B_3%2B4kN07kGzHPvuuU-9zYQ8k%3DPBg%40mail.gmail.com >> <https://groups.google.com/d/msgid/tvornottv/CAJE-FiG4hizbA21WJ2zC1B_3%2B4kN07kGzHPvuuU-9zYQ8k%3DPBg%40mail.gmail.com?utm_medium=email&utm_source=footer> >> . >> > -- > You received this message because you are subscribed to the Google Groups > "TVorNotTV" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to [email protected]. > To view this discussion on the web visit > https://groups.google.com/d/msgid/tvornottv/CAD_sJGArDSeJdwvDjWVBvQpK%3DumPMe%3DJNoV2AnK_%2BJwVwPX1RA%40mail.gmail.com > <https://groups.google.com/d/msgid/tvornottv/CAD_sJGArDSeJdwvDjWVBvQpK%3DumPMe%3DJNoV2AnK_%2BJwVwPX1RA%40mail.gmail.com?utm_medium=email&utm_source=footer> > . > -- You received this message because you are subscribed to the Google Groups "TVorNotTV" group. 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