Hollywood accounting

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English[edit]

English Wikipedia has an article on:
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Noun[edit]

Hollywood accounting (uncountable)

  1. (business) A form of creative accounting practiced by the entertainment industry that reduces reported profit in order to reduce owed royalties and taxes.
    Synonym: Hollywood bookkeeping
    • 2007, Johnnie L. Roberts, “Hollywood’s New Moguls Shake Things Up”, in Newsweek:
      Supposedly, it also avoids “Hollywood accounting,” whereby a film generates a fortune in ticket sales but never shows a profit for the producer who sank millions into it.
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