?? Work at Pickup Points � Flexible schedule

How Harry Potter Movies Technically Lost Money

Half as Interesting 1 views

Download Video

Comments

The term "balance sheet" was wrong since none was presented in this video Instead it did have an income statement
Comment from : @danielellis4749

I think you can remove the "technically" from the title brbrThis is one of those few videos that actually aged like wine instead of milk
Comment from : @safianimoid

Sounds awefully close to law breaking shell companies created to avoid taxesWonder why they don'toh right! Pelosi owns WB shares
Comment from : @eartheartbaratheon791

There’s at least one accountant watching you
Comment from : @jtnotmiller

The Logistics of Broom Transport
Comment from : @medea6341

What are the odds that you are watching a random YouTube video and your name is taken more than 10 times in the video?
Comment from : @phoenixbagri744

okay
Comment from : @deleted-something

0:49 afammpnt
Comment from : @user-pr6ed3ri2k

This is why many actors now go for a percentage of the gross
Comment from : @paulkurilecz4209

thats some expensive banana wtf
Comment from : @VirtualVIP

10$ for a banana?
Comment from : @PenguinsKill_l

and this is why i pirate everything i watch
Comment from : @wrije

When he said, “So, if Dashlane pays me 100 dollars …” Captions said Brilliant instead of Dashlane Lmao…
Comment from : @tonylee8905

Can’t actors sue to ge their hands on the actual costs if they feel they have been inflated?
Comment from : @Jim1971a

The $10 banana joke was choice
Comment from : @abbysweat9202

The most creative people in Hollywood are the accountants
Comment from : @PaulMcElligott

My favorite part was “Don’t worry no accountants are watching this video” -Me, an accountant
Comment from : @awall1831

Big media and Hollywood are absolutely evil
Comment from : @americansmark

So they committed corporate tax fraud? And everyone was just ok with it?
Comment from : @OmniscientOrangutan

I am just shocked that bananas cost that much
Comment from : @BigJohnM

what kind of bananas are you buying? 10 dollars for 1 banana is a fraud 😆
Comment from : @zaxel2167

"Profits are what fall out of the producer's pockets on the way to the bank" a Hollywood accountant told me back in the early 1980s
Comment from : @realtijuana5998

ironically Sir Alex Guinness, Obi Wan , received around 25 of a New hope royalties and did get paid, earning apparently $95 million, with his estate still pulling in money from it
Comment from : @davidrenton

Everyone saying its technically legal and no one talking about how scummy it is even if it is legal smh
Comment from : @gloop2701

Well jk Rowling did lose her magic so it makes sense as to why the movies are losing money
Comment from : @2008DodgeChallenger

This is why group accounting is a thing
Comment from : @nathandawson7153

1:21 "It's one banana, Michael What could it cost, $10?"
Comment from : @derekw4836

Sucks to live in a capitalistic 3rd world country, huhbrIn the developed western world you'd have laws against price gauging b*laughing in european*/b
Comment from : @Lexor888

Why is this legal
Comment from : @algotkristoffersson15

Hai means sea in chinese
Comment from : @leexu2073

Got this recommended after I watched a Harry Potter movie
Comment from : @thebaconpowerisgood1940

So much for arm’s length
Comment from : @MartinPittBradley

Who on Earth takes net profits nowadays? brFamous actors receive a tiny portion on ticket sales like 1 cent for every movie ticket sold
Comment from : @phatphan1403

I know they have never gotten a dime from me lol I refuse to watch any of the teen crap like Harry Potter, or the sparkly vampire crap lol
Comment from : @Redvines69

The strangest thing about this story, it that the actors still wants the net profit clause in their contract despite knowing this loophole 🤭
Comment from : @nawwk79

Man of Steel (2013) lost a ton of money, despite taking $668 million at the box office Most of it was paydays for people who weren't even involved in the movie, but were owed for salaries and gross points on previous Superman movies that never got made $70 million was shared between Tim Burton, Nic Cage, and Jon Peters
Comment from : @FozzyBBear

Wait what banana cost 10$
Comment from : @PakChoiTheMeowcat

Just shows what I've always know a good accountant can make a $100M profit into a $100M loss very easy on balance sheets Gotta love the LLC games that can be playedI seem to remember Enron got taken down by playing the corporate games similar to this So it has to be done carefully or you run afoul of the government and that's why you don't look at profits of Phoenix INC but the actual film Lawyers know how to play the games too
Comment from : @ronpeacock9939

This is cool and all, but can we get a video about bricks?
Comment from : @poltyrgyst

I'm seeing this 2yrs later bc of the Epstein joke thx algorithm
Comment from : @theWiggster1

Omg $10 banana thats absurd in my coutry is like €1
Comment from : @simulatednatas

How is this legal?
Comment from : @dellairam

Stupid Harry Potter video… I ought to skip throu-hey accounting! Some actual content!
Comment from : @kellenliame2674

Oh god the producers by mel brooks wasn’t a comedy but a documentary
Comment from : @w4974

At what point does this become money laundering, could this be argued as an attempt to evade taxes
Comment from : @michaelkirchner8379

That's so lame, everyoner scammers
Comment from : @TS_Mind_Swept

I'm going to guess it's tax evasion, now let's watch it;brEdit: Yup, it's evasion
Comment from : @ThePlayerOfGames

It really depends on what someone's contract says If your contracts says a percent of the gross, it doesn't matter If it is a percent of the profits, they all lose money
Comment from : @MYOB990

Class action lawsuit time
Comment from : @colinburke8389

I didn't watch the video but I assume it's because of the common practice of making net profits below zero by the movie industry which is only a technicality while it actually was profitable
Comment from : @tomlxyz

The most creative minds in Hollywood work in accounting
Comment from : @LRM12o8

Question: by now it seems like everyone's heard of Hollywood accounting, and knows not to take a percentage of the profit So why does Hollywood keep doing it? Is there still a significant amount of people who don't know? Or are there other reasons, like tax avoidance?
Comment from : @oharaandrew314

Doesn't WB have to pay taxes on the income they made off Phoenix Inc anyways?
Comment from : @JatnaRD

$10? You’re getting ripped off on bananas
Comment from : @LearnEnglishCanada

This video takes awhile to get to the point
Comment from : @jimarri

good riddance brharry potter sucks
Comment from : @notorious3602

i paid for my girlfriend to see that movie like 5 times how in the world did they loose money
Comment from : @clatonblade2211

So its illegal like prostitution unless your making a movie Everybody whip your cameras out it makes everything legal
Comment from : @Werdnasemajjamesandrew

Freakazoid taught me this 25 years ago On gross, not on net!!!
Comment from : @KazyEXE

I thought bananas cost $116
Comment from : @Horizontalvertigo

Accountant watching the vid
Comment from : @nobodycallednobody2826

How is that not illegal? I mean it literally has been created to deceive people, it has no other purpose
Comment from : @M3h3ndr3

if studios can get away with this, why don't they do this for more blockbusters?
Comment from : @naman6334

Is the thumbnail an oversimplified reference?
Comment from : @bachagain1685

10$ for a banana!?
Comment from : @lordilluminati5836

I refuse to believe that they lost money and this isn't just Warner Bros cheating on their taxes
Comment from : @FatherTime89

''It's more about accounting goodbye everyone''brMe an accountant: a mere mortal dares challenge me?!
Comment from : @tiddyfard4517

So could I theoretically make a movie, it does well, I don’t pay my money to the company, and get fired, but now I have 200 million dollars
Comment from : @enviyon414

Umm shouldn't this be illegal?
Comment from : @adtc

The video should be titled: How Harry Potter Movies “Lost” Money
Comment from : @scs8905

The ONLY way any of these movies could have lost money, is if a quarter fell-out of someone's pocket
Comment from : @timmsmiithgm557

Bruh Epstein was murdered
Comment from : @lachlankyle7206

a 10$ banana sounds like the most bougee banana ever
Comment from : @KaticanArts

So how do actors make their money now?brbrAlso, this is Guns Akimbo slander and I will not stand for it It was a good movie
Comment from : @supershinigami1

Are bananas really this expensive overseas???
Comment from : @WhiterockFTP

“This video is really about Accounting”brbrMe, An Accountant: Happiness Noise
Comment from : @duckmcduck9427

If anyone asked me I'd tell them I want to be paid up front and want a percentage of merch sales lol not merch profits but the actual sales
Comment from : @lj2265

What I got is always negotiable on gross revenue
Comment from : @alanfernandez4521

How big are the bananas from your place Costing $10 each means they should be as big a car seat
Comment from : @raymondchiwade

Expensive banana
Comment from : @VOMotion

Income Statement* (not Balance Sheet)
Comment from : @ericdawson5833

TLDR for accountants; related party management fees/transfer pricing
Comment from : @jace888au

Goodbye everyone😂😂😂
Comment from : @wowdavey1146

if you were cut out of the films once, why cant you see through the nonsense and get it back the next time, how long till they make a fool off of you
Comment from : @MrAniks222