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Originally Posted by OptimalTates
Shelving projects, sure, scrapping completed projects with budgets over $100,000,000.00? I highly doubt that happens pretty much ever but maybe I’m wrong.
This feels more like The Producer’s Spring Time for Hitler type Hollywood accounting lol.
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This is a unique situation, where due to the merger/sale there is a specific loophole that allows them to write off the entire project.
Then Batgirl was meant to be a medium budget made for streaming film ($50ish million) that's budget then ballooned into a $70-90 million project (depending on what source you read). That's also budget, which is different from dollars spent. A lot of sources seem to be confusing the two and it's unclear if they actually spent $70-90 million on the project or that's what the final film was budgeted for.
It sounds to me like the budget was $90 million, and the actual money spent was less. The loophole allows them to write off the entire budget, before the money is spent. So they went ahead and did it.
We've also got a new management group coming in that wants to put their stamp on things and make sure everything gets pushed in the write direction. Not too dissimilar to when the MCU took over the existing Marvel TV series and cancelled the entire lineup.