It’s Coyotover.
Unbelievable that there is incentive to do a tax write off for 10’s of millions. When I make investments that don’t pan out, I sure as hell don’t get paid out.
In my opinion a tax write off should automatically make it public domain.
That seems entirely fair. Proper even… if they get the write off there should be a durable record of this investment that was so poor as to require dramatic remedy.
People could download it from the library of congress and learn how to not make such poor decisions in the future ;-)
That’s pretty much the idea. If they say it’s bad enough to scrap and want society to relieve them of some taxes, then fair enough, but in return everyone gets to learn from the mistakes made.
I could imagine that royalties for any involved artists would need to be sorted out somehow. Howeveri guess once a rule like that exists it would simply become part of the overall negotiations how this would be handled in case a projects gets written off. Similar to how actors e.g. might get x amount of money if a movie goes straight to VOD rather than getting a full theatrical release.
Fucking Yup!
You too can commit continuous tax evasion if you have millions/billions of capital to move around, and teams of lawyers and accountants to do it all nice and legal like.
The only hope is a leak of the final cut to find its way to the pirates. Otherwise it will be deleted from existence.
I hope someone who worked on it does this. Their work deserves to be seen.
Zaslav is a pox
Oh, good, Warner Bros. is erasing more art that people slaved over from existence because its more financially convenient that way.
Selling to Netflix? Psssh. The real money is in is releasing films in cardboard-cased DVDs at truck stops and dollar stores.
What are the chances it’s not actually done & being used as a tax scam?
