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Joined 1 year ago
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Cake day: August 3rd, 2023

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  • Ooh so it’s both

    Kevon is right, one tax benefit is the cost of the show: whether they cancel it or not they get to write off those expenses, and they get a tax break there

    Chris would be correct too though: if Netflix holds the IP as assets on the balance sheet, they’d be held at some present value of expected royalties. When they cancel the show id imagine that asset value takes a shit, that’s a write off, so tax benefit there

    That said no business does this to make money from the tax asset, you have to lose more than the government gives you back

    More likely Netflix is high off it’s own farts and thinks just money can make cinema magic and it clearly can’t.