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A comment on The great cancellation: why megabucks TV shows are vanishing without a trace.

Re:The great cancellation: why megabucks TV shows are vanish... by aqme28 on Thursday August 31, 2023 @12:14PM (#37339571)
I know taxes are complicated, but can someone explain how a complete loss today is financially better than a smaller loss* over a longer period?

* or possibly a profit, but no one will ever know.

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Re:The great cancellation: why megabucks TV shows are vanish... by readthenotes1 on Thursday August 31, 2023 @02:33PM (#37341784)
Let's say you have $1B in profit this year and a really terrible show that cost $1B to make.

You can either write it off and pay no taxes on those profits ($200M saved), or not ($200M squandered) (I'm assuming 20% tax rate just to make math easier.)

Also, many executives have compensation packages tied to financial metrics and they've been known to game those metrics for personal gain.

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