Dare Obasanjo

I honestly wonder why anyone in Hollywood will ever want to work with Warner Bros ever again if you can put years into making a movie then they just delete it for the tax benefits.

Also if it’s financially better for your studio to delete movies than release them, shut it down.

https://www.thewrap.com/coyote-vs-acme-update-offers-warner-bros/

The Final Days of ‘Coyote vs. Acme': Offers, Rejections and a Roadrunner Race Against Time | Exclusive

Warner was seeking of $75 – $80 million for Coyote vs Acme nd rejected offers from Netflix, Amazon and Paramount, insiders tell TheWrap

TheWrap
Feb 10, 2024 at 10:12amWeb
Show threadBen CurthoysFeb 10, 2024
@carnage4life It must be like working at Google.
Show threadSteven HeywoodFeb 10, 2024
@carnage4life
Bialystok and Bloom must be the lead accountants at Warners.
Show threadPhil WolffFeb 10, 2024
@carnage4life Can filmmakers negotiate M&A-style deal breakup fees on a scale that takes the sting out of a cancellation? or that deters deletion? Or that stipulates the works go into the public domain instead of a bitbucket?
Show threadLouis IngenthronFeb 10, 2024
@evanwolf @carnage4life I imagine they struggle enough to negotiate for fair royalties. Those other luxuries would require leverage they don't have.
Show threadWesFeb 10, 2024
@carnage4life this has turned into such good marketing for this movie. I really want to see this movie now. Is it terrible, and the execs are right? Is it just fine and they didn’t think they could market it? Is it amazing? Either way I bet it would make a ton of money if they released after all this.
Show threadNomad CatFeb 10, 2024
@carnage4life
Certainly for the stars, they could start adding clauses such as if the film is not released an addition 2x my pay plus some millions for any revenue related incentives.
If I were the SAG etc. I would also seek to get penalty pay boosts for a studio wasting people's time in vein. No additional cost for competent studios but extra costs for those studios that spend $10 millions only to not even deliver a film.
Show threadSimon OrrellFeb 10, 2024
@carnage4life why shut it down when they can make so much transferring wealth from public to private hands?! #brokensystems
Show threadPhilip Mallegol-HansenFeb 10, 2024
@carnage4life If it’s better to delete a movie than sell it, we need to change the tax code.
Show threadDare ObasanjoFeb 10, 2024
@philip yes, this is a completely broken outcome