Thank you for the detail again. This is really informative. I have family in the biz (as they say) hence why the tv development cycle came to mind. I’m curious if you know any of the history behind the development of that standard (ASC 926) and what sort of competing interests (if any) influenced its evolution… eg studio execs/accounting firms, the unions, regulatory bodies etc. Are these sorts of standards contentious? Obviously the CBAs that DGA/WGA/SAG negotiate are obviously highly contentious and lately that has been at least in part because of the changes to how royalties/residuals etc work in the streaming age, and I assume that some of the friction is likely rooted in how accounting works, even if the standards themselves are not the documents that are actually on the negotiating table.

No problem if this is so far off topic as to no longer be interesting to you… I just don’t often engage with somehow who can comment on Hollywood accounting with actual knowledge of relevant standards!