Filmmakers took to Twitter/X to sing their praises for Coyote vs. Acme after Warner Bros. Discovery shelved and scrapped the live-action CGI hybrid film for a $30 million tax write-off.
Filmmakers took to Twitter/X to sing their praises for Coyote vs. Acme after Warner Bros. Discovery shelved and scrapped the live-action CGI hybrid film for a $30 million tax write-off.
I … don’t get it. What is the purpose of a tax writeoff? Suppose it saves them money this year. But they lose a much larger profit. Is it being saved for later when their fortunes are lower?
It’s a write off for them, Jerry, they just - pftpftpft - write it off!