Quote:
Originally Posted by blankall
The articles also cite there is also some major accounting advantage in getting the loss off the books, and written off, prior to going into the merger (I don't really get this, as my accounting knowledge is lacking):
https://www.forbes.com/sites/robsalk...h=70e829af64f9
This article also blames accountants for having the movie cancelled....get him Nadal Fan! |
Interesting, thanks for that.
So basically as part of the merger they were able to dump a depreciating asset and get it off of the books. Still doesn't speak highly of the movie. I wonder what happens to the movie's rights. This would make me think they would be up for grabs. Movie rights can be weird. Take Kevin's Smith's Dogma. If I understand things properly nobody actually owns the rights but nobody can actually claim them either. Some how it got lost in the shuffle in the Weinstein fiasco.