Warner Brothers dump Batgirl movie

Peter M

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The first Batgirl was the bomb...

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Vinsanitizer

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That's what happens when businesses follow political trends that change faster than a clean human's pantaloons.
 

KSG_Standard

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Tax loss write-off.
Maybe, I wouldn't doubt it. That would be ironic though. Hollywood complains that the oil companies get "special" treatment and subsidies because the oil companies, like ALL other companies get to write off their capital depreciation.

Hollywood may have an even more lucrative "subsidy" if you're right.

I did find this info...

Section 181 of the Internal Revenue Code, which allowed for the deduction of production costs, expired at the end of 2016. In its place, under the Tax Cuts and Jobs Act, Section 168 introduces "bonus depreciation." You can now deduct 100 percent of total qualified property that you use for your business. This includes property bought to complete a film or television show. You can claim that deduction upon release of the project as long as 75 percent of it is shot in the US. It’s unclear where a film has to be shown to qualify for this bonus; it could be just on social media. So most advise to grab the deduction while you can. The requirement of 75 percent being shot in the US also opens the door to attracting international partners.

Prior to Section 168, there used to be a $15 million limit on this deduction; now it is unlimited. That means a studio can deduct the cost of a Black Panther the moment it hits screens. That would seem to benefit studios but not a lot of independents. The bad part: this cap will be phased out in 2022.

Investors can still claim a loss if they invest in a film. So, if someone invests $100,000, they can claim a $100,000 loss at the end of that year if the film does not make money. The devil is in the details, though: You can take that loss as long as you meet certain income and passive income requirements.

I think I read that the batgirl movie was shot overseas...they may not get much of a break.
 

SteveGangi

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Maybe, I wouldn't doubt it. That would be ironic though. Hollywood complains that the oil companies get "special" treatment and subsidies because the oil companies, like ALL other companies get to write off their capital depreciation.

Hollywood may have an even more lucrative "subsidy" if you're right.

...
Write-offs, breaks, and subsidies are only bad when THE OTHER GUY does it. Yup.
 

lpfan1980

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It must be BATSHIT Awful to trash it after 70 million crazy .
 

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