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Macdeo Lurjtux
Jul 5, 2011

BRRREADSTOOORRM!

Nystral posted:

We're both over simplifying the tax code quote a bit, however my understanding is that the big numbers being tossed about largely go against corps with revenue in the Billions so it can be realized immediately / near term.

Amazon spending $300M on a TV show likely encompasses internal transfers such as marketing costs to amazon.com for ads / FireTV placement / boxes and AWS for whatever production technical infrastructure is required and therefore not a "real" loss. But even if if it's a total loss - $300M against $500B in 2022 revenue likely means it will all be realized in year 1.

Somewhat this, the $300M isn't real money but includes a large amount Amazon that 'pays' to itself.

So for example a company is going to make a $200M movie. It creates a subsidiary to handle production and 'loans' the subsidiary the $200M at a 25% interest rate. The movie finishes production, and then the subsidiary agrees to give all rights back to the parent company in exchange for forgiving the debt.

The company then gets to write off what is now much closer to $300M + any marketing expenses.

So if a company has a vertical structure, they also own the advertising firm and the marketing expenses to write off have ballooned absurdly because internal rates tend to be 2-3x higher than external.

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Macdeo Lurjtux
Jul 5, 2011

BRRREADSTOOORRM!

Dawgstar posted:

If I remember right it was the Park People who were really thankful he was back, yeah.

Yeah, the last guy hiked prices twice last year. Once was the expected general hike during the preseason.

The second was hiking the annual pass during a time of heavy demand destruction during the summer when inflation and gas prices were killing trip spend. Their reasoning was that annual pass purchasers are typically local and they'd be staying more local if it cost too much to drive anywhere.

Macdeo Lurjtux
Jul 5, 2011

BRRREADSTOOORRM!

Davros1 posted:

You just KNOW the first thing this would be used for would be to put actressses who have "No nudity" clauses into nude scenes.

Already past that point. GoT had two separate scenes with cgi nudity featuring actresses with no nude scene clauses.

Macdeo Lurjtux
Jul 5, 2011

BRRREADSTOOORRM!
They also don't consider wrestlers employees, but independent contractors instead. Allowing to skirt all sorts of labor regulations.

Macdeo Lurjtux
Jul 5, 2011

BRRREADSTOOORRM!

LividLiquid posted:

And if you know anything about how the industry works, they have literally nothing at all in common with actual independent contractors.

They're locked into exclusive contracts, can't take work out of their industry without WWE taking a cut (including loving Twitch streaming,) are told how to dress when off the clock, can't take breaks or vacations, often even when injured, they have no-compete clauses in their contracts so they can't go work for competitors for a while after they get shitcanned...

And none of this is new. One of the classic examples is Sergeant Slaughter. He built his entire persona on rah rah Marine/American exceptionalism, enough so that Hasbro hired him to be an actual member of the GI joe cartoon/action figures and to be the live action face of it.

When he was done with the cartoon and wanted to come back to wrestling, during Desert Storm, McMahon would only hire him back if he agreed to a heel turn and publicly denounced the US Military in favor of the Iraqi National Guard.

Macdeo Lurjtux
Jul 5, 2011

BRRREADSTOOORRM!
There's all sorts of weird limitations like that in the Guild system, roles that should have been covered but leadership didn't want to fight for them or were considered not 'true craftsmen'. Like SAG not incorporating mo cap actors, which is biting them on the rear end with more and more actors doing their own mo cap and finding out since it's a SAG role it doesn't get SAG protection or benefits.

Macdeo Lurjtux
Jul 5, 2011

BRRREADSTOOORRM!
The man never learned he should lifting up struggling actors, not salmon laddering off their backs.

Macdeo Lurjtux
Jul 5, 2011

BRRREADSTOOORRM!
drat, when even the S Korean union is upset that's something.

Macdeo Lurjtux
Jul 5, 2011

BRRREADSTOOORRM!
No, no, you misunderstood. We said we'd let you see the data, we never agreed to any sort of remuneration based on it.

Macdeo Lurjtux
Jul 5, 2011

BRRREADSTOOORRM!

Senor Tron posted:

Great news, and laughing that some personalities burned their reputations saying that they would do shows in spite of the strike literally days before the end came anyway.

I wonder if that actually played a part. A standard strike resistantance tactic is to wait for the first people to break, the fact that happened and everyone willing to cross the line got shut down completely by peers and populace probably scared the poo poo out of the execs.

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Macdeo Lurjtux
Jul 5, 2011

BRRREADSTOOORRM!

Khanstant posted:

They're already getting cuts along the way, continually fight for their rates to be lowered, taxpayers end up subsidizing underpaid workforces in myriad ways, and this move also lets them avoid paying workers who would be putting that money back into the economy rather than investment gambler games.

I've misunderstood how this tax trick works, but it does still sound like robbing from the future while shortchanging the present on top of the standard corporate/investor thievery.

Kind of, WB was never going to release the movie even if there wasn't a tax break involved. Releasing their movies day and date during the pandemic pissed off a lot of Hollywood and Zaslev went on an rear end kissing apology tour where he promised HBO would cut back drastically on their direct to streaming production.

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