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Warner Bros. is now erasing games as it plans to delist Adult Swim-published titles
(www.polygon.com)
this post was submitted on 08 Mar 2024
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I honestly don't understand the math of not releasing movies and un-releasing games. People say tax purposes but I'd think streaming is essentially pure profit, hard to imagine not being able to make 20% of your money back or whatever credit you get for taxes.
if you write it off as a tax write off you get to lie about "expected viewership" rather than actual viewership
You clearly have no idea what a tax write off is. If you get 50$ profit spend 25$ on your business and pocket 25$ you pay taxes on your pocketed 25$ not the companies expenditures. That is a tax write off. A "company" doesn't pay taxes.
The second part of this comment doesn't make a lot of sense.
My understanding is that the tax system allows for the declaration of depreciation in assets as a business expense. This is fine for assets with transparent market valuations.
The part where this system could be abused is in willfully withholding the release of a movie, overvaluing the expected revenue, and then subsequently declaring the lack of revenue as a depreciation in assets which is then declared as a business expense to reduce the tax burden.
A clearer example of this, with very obvious fraud, might be:
So obviously this example was fraudulous. It's possible that the expected revenue on the cases involving movies was estimated transparently and was fair, because of market forces.
Maybe something more scummy was at play?
Who knows.