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Warner Bros. declared Harry Potter unprofitable (Topic)

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Warner Bros. declared Harry Potter unprofitable

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The movie Harry Potter and the Order of the Phoenix, which grossed nearly a billion dollars, not only did not bring profit to its creators, but also turned out to be unprofitable. This conclusion can be made after studying the studio's financial report, which was at the disposal of the resource Deadline Hollywood.

The document states in particular that payments to other companies amounted to $ 57 million, although, as Warner Bros. movieed the picture at her own expense, without resorting to loans, and the studio's net loss amounted to $ 167 million.

The desk is strange accounting, most likely due to the studio's unwillingness to pay a percentage of the profit from the rental, which is often claimed by actors and others the creators of the movie.

Recall that with a budget of $ 150 million, the movie " Harry Potter and the Order of the Phoenix '' earned over $ 938 million worldwide.

The Topic of Article: Warner Bros. declared Harry Potter unprofitable.
Author: Jake Pinkman


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