Eli5: How is a “tax write-off” beneficial to Warner Bros.?

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They’ve just cancelled their upcoming film “Coyote vs. Acme,” and everyone is calling it a tax write-off, just like they did with the cancelled Batgirl film.

Having spent so much on the production of these films, how is it beneficial to them to cancel the film outright? What is a tax write-off in that sense?

In: Economics

28 Answers

Anonymous 0 Comments

If you find out you’re digging a hole instead of building a hill you need to make sure you can climb out of it before you’re stuck.

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