Posted by Charles on May 05, 1999 at 23:57:18:
In Reply to: Re: Working on it posted by kevin on May 02, 1999 at 20:56:13:
Hollywood accounting was made famous when Art Buckwald sued Paramount over "Coming to America", I believe. The film made a big profit, but the studios bean counters made it look as if it suffered a small loss.
I recall reading an article in the L.A. Times a couple of years ago. It dealt with the same subject. The article made a comparison of Disney's box office profits between its animated and live action features. It reported that the profits from its animation kept the studio's film division afloat throughout the early 1990's during Katzenburg's tenure, as their live action product accounted for a cumulative loss of $100 million during the same period.
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