Movies
Welcome to Movies, a community for discussing movies, film news, box office, and more! We want this to be a place for members to feel safe to discuss and share everything they love about movies and movie related things. Please feel free to take part and help our community grow!
Related Communities:
!books@lemmy.world - Discussing books and book-related things.
!comicbooks@lemmy.world - A place to discuss comic books of all types.
!marvelstudios@lemmy.world - LW's home for all things MCU.
While posting and commenting in this community, you must abide by the Lemmy.World Terms of Service: https://legal.lemmy.world/tos/
-
Posts or comments that are homophobic, transphobic, racist, sexist, ableist, or advocating violence will be removed.
-
Be civil: disagreements happen, but that doesn’t provide the right to personally insult others.
-
Spam, self promotion, trolling, and bots are not allowed
-
Shitposts and memes are allowed until they prove to be a problem.
Regarding spoilers; Please put "(Spoilers)" in the title of your post if you anticipate spoilers, as we do not currently have a spoiler tag available. If your post contains an image that could be considered a spoiler, please mark the thread as NSFW so the image gets blurred. As far as how long to wait until the post is no longer a spoiler, please just use your best judgement. Everyone has a different idea on this, so we don't want to make any hard limits.
Please use spoiler tags whenever commenting a spoiler in a non-spoiler thread. Most of the Lemmy clients don't support this but we want to get into the habit as clients will be supporting in the future.
Failure to follow these guidelines will result in your post/comment being removed and/or more severe actions. All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users. We ask that the users report any comment or post that violates the rules, and to use critical thinking when reading, posting or commenting.
view the rest of the comments
I have no idea why they explain this away with "it's for the tax write off". One of us isn't understanding the tax system. I don't think there's any tax rule where you scrap something of value, and end up with more money at the end of it than if you hadn't. Even if it made literally no money, and nobody watched it, and nobody subbed to Max to see it, you just wouldn't have to pay any tax on the money you didn't make.
Things like Batgirl supposedly "cost" $90 million, and they claimed a $20 million tax write off.
Why not a $90 million tax deduction? It sounds for all the world like they spent $20 million, realised it was garbage beyond even the rest of the DCEU, and shit-canned it before spending the other $70 million on finishing it (VFX, distribution, etc) as it was never going to make that back.
You're close to the truth at the end there. They spent $90 million on it, found out it was an absolute dog when they started test evenings, and decided to scrap it rather than pay another $50 million+ on promotion and other post-production expenses.
With a $20 million write-off on a $90 million movie, they still lost $70 million. They just didn't want to lose more.
It still sucks for the actual creators and the fans, but it's not like doing this actually makes the studios richer. It's just about not falling into the sunk-cost fallacy.
I don't see how they only lost $70 million if they spent $90 million and scrapped it though.
Spend $90m, scrap it, you lose $90m. This comes off your yearly profit that you pay tax on.
Spend $90m, stick it on Max, do literally no promotion or anything, make no money. Still lose the same $90m. Same amount comes off your yearly profit that you pay tax on.
The only thing I can think of is that it was so bad that they fear for the reputation of their company. Like it's so mind-bogglingly awful their share holders will see it and immediately sell up so they don't have to admit they own shares in the company that made it.
And I've seen Aquaman 2. They ain't fucking worried about that...
"Stick it on Max" still costs money? Royalties, hosting, closed captioning and translation, GUI requirements all are going to keep chipping dollars out of a product that they did not believe would make them money.
And, as you say, DC movies have really underwhelmed. Did anyone reasonably think that the (apparently) worst one was going to draw in new subscribers?