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Businesses Movies Television The Almighty Buck The Courts Entertainment

Hollywood Accounting — How Harry Potter Loses Money 447

Posted by Soulskill
from the hypocrisy-in-action dept.
An anonymous reader writes "Techdirt has the details on how it was possible for the last Harry Potter movie to lose $167 million while taking in nearly $1 billion in revenue. If you ever wanted to see 'Hollywood Accounting' in action, take a look. The article also notes two recent court decisions that may raise questions about Hollywood's ability to continue with these kinds of tricks. For example, the producers of 'Who Wants To Be A Millionaire' now have to pay $270 million for its attempt to get around paying a partner through similar tricks."
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Hollywood Accounting — How Harry Potter Loses Money

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