Last June, fans of Comedy Central – the long-running channel behind beloved programmes such as The Daily Show and South Park – received an unwelcome surprise. Paramount Global, Comedy Central’s parent company, unceremoniously purged the vast repository of video content on the channel’s website, which dated back to the late 1990s.

  • Ajen@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    1
    ·
    3 months ago

    What does this have to do with write-offs? I don’t think they can write off episodes of South Park and the daily show that have already aired.

      • Ajen@sh.itjust.works
        link
        fedilink
        English
        arrow-up
        1
        ·
        3 months ago

        I don’t think they can write it off either way, though. It only makes sense to write off shows that haven’t made money. It’s just “retiring” when you’re taking about something that’s already been released. There’s no ulterior profit motive, unlike when they write off unreleased movies and shows.

    • Kalysta@lemm.ee
      link
      fedilink
      English
      arrow-up
      1
      ·
      3 months ago

      It’s more for things like the batgirl movie that is finshed but will make more money in tax write offs to never release it. But if they lose ad revenue from removing a back catalogue, that may also let them post a loss and claim tax breaks.

      • Ajen@sh.itjust.works
        link
        fedilink
        English
        arrow-up
        1
        ·
        3 months ago

        I’m not a CPA, but I don’t think you can write off something that already made a profit. How would that even work, if companies were able to write off predicted ad revenue? They could make up any value and never have to pay any taxes at all.

        I don’t think write-offs have anything to do with them removing these episodes.