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
Made up numbers for the idea.
$20m movie, $20m marketing, but movie is expected to only make $10-20m. In the exec’s head it’s better to cut your losses and just take the $20m loss and take whatever tax credits you can then lose $30-40m.
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