2/24/2023 0 Comments Million dollar cinema studio![]() ![]() Moving on to Harry Potter and the Order of the Phoenix, this one apparently lost Warner Bros $167 million while simultaneously being one of the most successful films the studio has ever released, grossing just under a billion dollars. Notable examples of this bastion of pencil pusher ingenuity include the Lord of the Rings trilogy, which New Line Cinema asserts was a “ horrendous loss” for the studio despite it grossing some $3 billion worldwide in theaters off a combined budget of just $281 million, let alone all the money made after in DVD/Blu-Ray sales, streaming rights, games, and other merchandise. Here’s a fun fact for you to mull over, despite having a clause in his contract that entitled him to a share of the total net profits of Return of the Jedi, David Prowse didn’t get so much as a single thin cent from Lucasfilm from this because, on paper, Return of the Jedi then until today has been a massive financial failure… How is this possible you ask? Well, it’s all thanks to a wonderful concept known colloquially as “Hollywood Accounting”, or more accurately “How to Lose Friends and Screw People”. One of our Patrons, DJ, asks: What’s the deal with Hollywood Accounting? ![]()
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