Tuesday, October 4, 2011

Entertainment Industry Accounting

Hollywoodonomics: how Harry Potter and The Order of the Phoenix “lost” $167M – Boing Boing
The original post holds this out as an example of why only a fool accepts "net-participation" compensation for work associated with a film, but I think this is also a great example of why all financial numbers released by the entertainment industry should be treated as fiction until proven otherwise. Especially piracy "loss" figures, alleged contributions to national GDP, and job creation numbers.