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
In addition to what others have said, it’s also a timing thing. You can only recognize the expenses for making the film once it actually starts making revenue, if you just write it off you can book the expenses immediately.
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