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‘Coyote vs. Acme,’ Abandoned as a Tax Write-Off by Warner Bros., Grosses $100 Million Globally (www.indiewire.com)
submitted 3 days ago by [M] to c/animation@piefed.social
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'Coyote vs. Acme,' once abandoned as a tax write-off by Warner Bros., grosses $100 million globally ahead of digital release.

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[–] 9 points 2 days ago* (1 child)

I didn’t think it was a very good movie.

I still loved that they made it and I do not regret seeing it. I just didn’t think it was very good. I did not love it, or hate it. It was a 5.5-6/10. Above average but not much.

I’m also the generation it was made for.

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    • [–] 50 points 3 days ago (12 children)

    Got a tax write off

    So the 100 million is taxed at 100%....

    Right?

    If a studio uses a project as a tax write off, then it should become public domain. That didn't happen, so next best thing is seizing all the gross profits

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  • [–] 64 points 3 days ago (7 children)

    It got sold off, at a massive discount, to a different distributer who decided to put it in theaters. Your solution is to punish the people that took a risk on a movie that another studio decided (for bullshit reasons) wasn't good enough to release.

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  • [+] -56 points 3 days ago (6 children)

    Your solution is to punish the people that took a risk on a movie that another studio decided (for bullshit reasons) wasn’t good enough to release.

    No, my solution would mean this company could have just done it...

    Along with any other company ...

    If you don't know what "public domain" means, fucking ask someone if you can't manage to look it up

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  • [–] 22 points 3 days ago (1 child)

    It never ceases to amaze me how badly people understand copyright/IP and tax. This is a rare occasion with both at the same time, complimented by verbal abuse.

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  • [–] 6 points 2 days ago

    The above poster is clearly behaving like a dumbass but the reason so many people misunderstand those concepts has a lot to do with how contradictory the laws are to our intuitive notions of reasonableness and fairness.

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  • [–] 16 points 3 days ago* (2 children)

    Tell me you don't understand what a tax write-off is without telling me you don't understand what a tax write-off is

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  • [–] 21 points 3 days ago

    That's not how any of that works. Any expense is a tax write off. Income/revenue is what is taxed. Them selling it off at a discount is what turned it into a tax write off, which is still a loss. The revenue is generated by those who bought it for cheap. And that is taxed like it normally would be, which probably isn't high enough, but taxed nonetheless.

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  • [–] 3 points 2 days ago

    The part I think you are missing is that they didn't write off the entire cost of the movie. They sold the rights to the movie for less than it cost to produce, and wrote off the difference of the sale price and the cost of production. This is a normal feature of the tax system. If you buy a stock for $15 and sell it for $10, you only have to pay tax on the $10 you sold it for, you get to write the $5 off as a loss. If a company spends money on operation, they don't get taxed on that cost. If a company makes 2 million dollars, but to do so they had to pay their employees a total of 1.5 million dollars, the company itself only pays taxes on the $500k.

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    • [–] 29 points 3 days ago (2 children)

    This is how desperate people are for even kind of new original content

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    • [–] 5 points 2 days ago

    Hehe ... Coyote vs Ugly

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    [–] 26 points 3 days ago

    Mission failed successfully.

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    [–] 18 points 3 days ago (3 children)

    Man, I need to see that movie.

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    • [–] 5 points 2 days ago (2 children)

    I really enjoyed this movie. Saw it at the cinema. The cinema was almost empty. :(

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    • [–] 7 points 2 days ago

    I enjoyed it. Far better than some of the crap I watch.

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    [–] 9 points 3 days ago (2 children)

    Tbh that's disheartening to hear. It has a budget of 70m. After standard marketing/distribution costs, the distribution company is probably hoping to make up the necessary funds in long term licensing fees, or losing money on the investment. I know the movie was already made and shelving it was asinine, but it would've been nice for the project to be fairly profitable as to disparage future efforts to kill films already finished.

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  • [–] 4 points 2 days ago

    Almost the entire marketing budget is in this thread.

    The outrage over it getting shelved and the company taking the write off is like 90% of the things I heard about the movie. I went to see it with my daughter out of spite (we also needed a school holidays movie but I picked this one because of WB's bullshit.

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    • [–] 3 points 2 days ago (2 children)

    just like the batgirl movie, was used the same way.

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