Hollywood accounting
English
Noun
Hollywood accounting (uncountable)
- (business) A form of creative accounting practiced by the entertainment industry that reduces reported profit in order to reduce owed royalties and taxes
- 2007, Johnnie L. Roberts, Hollywood’s New Moguls Shake Things Up, 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.
- 2007, Johnnie L. Roberts, Hollywood’s New Moguls Shake Things Up, Newsweek