Warner Bros. Discovery - Company News and Discussion - Printable Version
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RE: Warner Bros. Discovery - Company News and Discussion - Medianext.MX - 18-10-2023
(11-10-2023, 09:28 AM)W. Knight Wrote: To add to that, Max is launching in Australia in 2025, with a rough timeline of European launch before the Paris Olympics and then landing in Asia before the end of 2024. This might be a blow to Foxtel and Binge, as HBO has been in their package deal since 2016.
More on the global/European roll-out:
[list]
[*]Existing HBO Max regions (Nordics, Spain/Andorra, Portugal, Central & Eastern Europe, the Netherlands) will get the enhanced service shortly after the roll-out in Latin America, both will happen during the Spring
[*]France and Belgium will also become the first non-HBO Max territories to get the new Max service, will launch on Summer, before the Games
[*]The deal with Prime Video is being reviewed, so that WBD honors the rest of the contract with the streamer, which ends by the end of 2024
[*]Max will produce original French series (in compliance with French quotas), with a series based on the aftermath of the November 2015 Paris attacks (and loosely based on Alexandre Kaufmann's non-fiction novel La Mythomane du Bataclan) ordered, directed by Just Philippot and starring Laure Calamy
[*]WBD will continue to produce Spanish and Latin American scripted originals, and unscripted content in Europe and other territories
[/list]
https://variety.com/2023/tv/global/max-france-launch-warner-bros-discovery-1235755287/
https://deadline.com/2023/10/warner-bros-discovery-max-launch-details-gerhard-zeiler-mipcom-cannes-1235574472/
RE: Warner Bros. Discovery - Company News and Discussion - Ash101 - 10-11-2023
https://deadline.com/2023/11/coyote-vs-acme-shelved-warner-bros-discovery-writeoff-david-zaslav-1235598676
Is anyone with business acumen able to explain how these things work? What is the 'tax benefit' of writing off a whole movie that is basically finished and ready to go?
RE: Warner Bros. Discovery - Company News and Discussion - Keith - 10-11-2023
(10-11-2023, 03:56 PM)Ash101 Wrote: https://deadline.com/2023/11/coyote-vs-acme-shelved-warner-bros-discovery-writeoff-david-zaslav-1235598676It's a move that in my opinion only benefits accountants, WBD's directors and shareholders.
Is anyone with business acumen able to explain how these things work? What is the 'tax benefit' of writing off a whole movie that is basically finished and ready to go?
According to that article it rated well against its target audience, so presumably was unlikely to bomb. Equally other streaming services were apparently interested in acquiring the film, so again they'd be unlikely to have lost all/most of the $30M apparently spent on the film.
It would be more understandable if the film had scored poorly in internal tests, or if it was only part-way through production. To axe a reportedly well-scoring completed film that other streaming services are interested in seems like accounting madness. Still a large tax write-off may help boost profits, which in turn can increase director remunerations and shareholder dividends.
RE: Warner Bros. Discovery - Company News and Discussion - James2001 - 10-11-2023
It's become Warner's new business model it seems, making movies and not releasing them, or making content for Max, then pulling it after a short time and making them writeoffs. It's an insult to all the people who worked on them and shouldn't be allowed.
RE: Warner Bros. Discovery - Company News and Discussion - bkman1990 - 10-11-2023
I was reading that article from Deadline earlier today. To say that I'm shocked is an understatement.
It doesn't surprise me that Zaslav is still taking part in this crap because of sheer greed alone.
Think of the amount of kids that will now not see be able to see this movie released at all thanks to this accounting stunt undertaken by Zaslav and his executives at WBD. I mean the news out there in the real world looks really grim at the moment. To take away another bit of much needed entertainment from the kids along with their families makes that this particular accounting stunt by WBD even harder to swallow in the future.
RE: Warner Bros. Discovery - Company News and Discussion - James2001 - 10-11-2023
Are creatives even going to want to work with WB now considering they keep pulling this same stunt. Are people going to want to spend years pouring their heart and soul in something just to find it locked up in a vault forever just so some executives can write off some tax and get slightly more obscenely rich than they already are?
RE: Warner Bros. Discovery - Company News and Discussion - James2001 - 13-11-2023
There's claims going round social media that they're going to shop Coyote vs Acme to potential buyers after all. No idea if it's true, or how easy it is to even reverse a movie being written off, but there were some big names attatched to this movie- not least James Gunn, who's in charge of DC Movies now, who Warner won't want to piss off.
https://twitter.com/DiscussingFilm/status/1724011737878311046
RE: Warner Bros. Discovery - Company News and Discussion - rick - 13-11-2023
Now if only they could do the same for the Batgirl movie!
RE: Warner Bros. Discovery - Company News and Discussion - James2001 - 13-11-2023
Looks like what I said was happening- a lot of high profile creatives were cancelling meetings with Warner Brothers. After all, who wants to spend years of their life working on something to find it shoved in a vault so fat cats can get a tax break?
https://twitter.com/DiscussingFilm/status/1724148740477358249
I read the director had spent 18 months in the UK away from his family, which is a massive sacrifice to make to find out was all for nothing.
Going to be some amusing karma if the movie ends up making a lot of money for the company that buys it and WB don't see it.
RE: Warner Bros. Discovery - Company News and Discussion - Brekkie - 14-11-2023
(10-11-2023, 03:56 PM)Ash101 Wrote: https://deadline.com/2023/11/coyote-vs-acme-shelved-warner-bros-discovery-writeoff-david-zaslav-1235598676
Is anyone with business acumen able to explain how these things work? What is the 'tax benefit' of writing off a whole movie that is basically finished and ready to go?
In overly simple terms if a company is set to make a $30m profit, but has to pay 20% tax on it, they may see it as more beneficial to write off a $30m project in this financial year, taking their profits below a threshold on which they'd pay tax (or into a loss) and save themselves $6m in tax, even if it is likely not writing off the project would more than cover that $6m in tax down the line.