Apparently, making big feature films is a risky business. Let’s take unsuccessful movies like “Harry Potter and The Order of the Phoenix.”
“Wait a minute,” I hear you say, “Potter is a loss?”
Sure. It grossed only $1B so far. What a sad failure! Now, the corporate entity responsible for this blunder is $167M in the reds. Which means that no one in the “net-participation” list will see any money.
Cory Doctorow posted more details in his blog.
Apparently, this is just an example of creative money moving. All participants in the game are parts of Warner Bros. For example, the movie needs advertisement. Luckily, they have a subsidiary for that. But, oh bother, they are expensive. So what, we only want the best. So money goes round and round and round until everyone is spin dizzy.
Think again when the content industry blames losses on “piracy.”
But wait … isn’t that … yes … it kinda is piracy! Just not by the people at which Hollywood is pointing.
What was the old saying? “When you point your finger at someone, three fingers are pointing back at you.” So true.