STUDIO SHAME Even Harry Potter Pic Loses Money Because Of Warner Bros Phony Baloney Net Profit Accounting. EXCLUSIVE Signing a deal that makes anyone a net profit participant  in  a Hollywood movie deal has always been a suckers bet. In an era where studios have all but eliminated first dollar gross and invited talent to share the risk and potential rewards, guess what Net profit deals are still a suckers bet. I was slipped a net profit statement below for Harry Potter and The Order of the Phoenix, the 2. Warner Bros sequel. Though the film grossed 9. Text continues belowI ran the data above by several attorneys and agents, who are so accustomed to seeing studio accounting wave magic pencils over hit movies that they werent surprised even a Harry Potter film that grossed nearly 1 billion would fall under the spell. Dealmakers say studio distribution fees are a killer, as are incestuous ad spends on studios sister company networks. They also cited the 5. Since Warner Bros didnt invite in a co financing partner on the Potter films, has the studio borrowed money from parent company coffers Are they paying that interest to a bank, or to themselves Bottom line nearly 6. Harry Potter, charges carried for about two years, is a high tariff. As one dealmaker tells me If this is the fair definition of net profits, why do we continue to pretend and go through this charadeJudging by this, no movie is ever, ever going to go to pay off on net participants. Its an illusion to make writers, and lower level actors and filmmakers feel they have a stake in the game. And yet Warner Bros isnt doing anything differently here than is done by every other studio. Clearly, nothing has changed since Art Buchwald successfully sued Paramount over the 1. Coming to Americawhen the subject of net participation was scrutinized, and a judge called studio accounting methods unconscionable. Watch Strike Up The Band HD 1080P'>Watch Strike Up The Band HD 1080P. Scientology has for many years made outrageous claims about Anonymous calling it a group of terrorists. They inflate everything that is ever said or. Teenage Mutant Ninja Turtles is a 2014 American superhero film based on the Mirage Studios characters of the same name. It is the fifth film in the Teenage Mutant. If a friendship can survive the ins and outs of Hollywood then it can probably endure just about anything. Not so much for these celeb BFFs though. This is a specific corner of the website dedicated to the discussion of the current situation with Harry Knowles and AICN. The Man Who Saved Movies. Vanity Fair just published an article about Shelly Miscavige. I`M Alan Partridge Season 1. It presents part of the story of the Miscaviges to a wider audience both Davids violence and. GeezLouise Theres so much action at this place lately, I cant keep up. Good thing the new board is able to hold a bigger barrel of bygone posts or slowpokes. STUDIO SHAME Even Harry Potter Pic Loses Money Because Of Warner Bros Phony Baloney Net Profit Accounting. MRC is a diversified global media company with operations in filmed entertainment, television programming and original digital content. The company is the industry. Yes, that was a Scientology ad you saw during the Super Bowl. Heres whats in it. The Hollywood Reporter is your source for breaking news about Hollywood and entertainment, including movies, TV, reviews and industry blogs.