A fun short video detailing how Hollywood accounting works in principle. To make it simple: Each movie has a production LLC which gets dissolved after the production ends and is basically a shell...
A fun short video detailing how Hollywood accounting works in principle.
To make it simple: Each movie has a production LLC which gets dissolved after the production ends and is basically a shell company through which everything passes. Producers usually sell everything needed for production to those LLCs at extremely inflated prices to reduce profits on paper, even though at the end you're just passing money between 2 corporate entities you both own.
A fun short video detailing how Hollywood accounting works in principle.
To make it simple: Each movie has a production LLC which gets dissolved after the production ends and is basically a shell company through which everything passes. Producers usually sell everything needed for production to those LLCs at extremely inflated prices to reduce profits on paper, even though at the end you're just passing money between 2 corporate entities you both own.