Hollywood accounting

English

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.

单词	Hollywood accounting
释义	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.
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