Behold how a multi-billion dollar film franchise can still lose money!
This balance-sheet (or "participation statement") came out last summer, but given the final instalment of the Harry Potter goldmine comes out in a few weeks, it's worth pulling the curtain back to show the shady way studios can make a billion dollars on a film and impossibly show they're $167 million in the red. Maybe they shouldn't have spent so much on advertising and marketing...but fortunately they paid themselves the majority of that budget.
This balance-sheet (or "participation statement") came out last summer, but given the final instalment of the Harry Potter goldmine comes out in a few weeks, it's worth pulling the curtain back to show the shady way studios can make a billion dollars on a film and impossibly show they're $167 million in the red. Maybe they shouldn't have spent so much on advertising and marketing...but fortunately they paid themselves the majority of that budget.
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