"Revenue" isn't the word I'd use. The better term is probably "market share". During covid the big push was to fight for dominance in the streaming wars, and content was king.
Also: the original wasn't really that huge a flop. It made like 230 million domestically and over 650 million worldwide. Given the production and advertising costs for capeshit these days I recognize that its not really a 'hit' unless you're in the billion dollar club...but EOD the movie probably broke even or came close so I think milking it a bit more to actually generate a tiny 'profit' probably makes more sense than any sort of write-off.
That's a great point, tho honestly I think lots of streaming stuff is definitely used for 'creative accounting' sort of purposes.
Uwe Boll made his career exploiting loopholes in German tax law, and if you can finance a movie/show for next to no interest like you could for the last decade and release it on a platform where the success of the content is measured in views, then you can probably realize a pretty big tax write-off by misrepresenting the profitability of your productions - Netflix only paid a 1% income tax rate in 2021
There's also a lot of dick-waving involved in film performance. Supposedly a movie is only a "hit" if it breaks opening-weekend box office records. Anything beyond that is irrelevant because the producers have already been selected for their next projects.
That's true, and also usually the longer a theatrical run is the greater the percentage goes to the theater. Opening weekend is basically make or break as a result.
"Revenue" isn't the word I'd use. The better term is probably "market share". During covid the big push was to fight for dominance in the streaming wars, and content was king.
Also: the original wasn't really that huge a flop. It made like 230 million domestically and over 650 million worldwide. Given the production and advertising costs for capeshit these days I recognize that its not really a 'hit' unless you're in the billion dollar club...but EOD the movie probably broke even or came close so I think milking it a bit more to actually generate a tiny 'profit' probably makes more sense than any sort of write-off.
That's a great point, tho honestly I think lots of streaming stuff is definitely used for 'creative accounting' sort of purposes.
Uwe Boll made his career exploiting loopholes in German tax law, and if you can finance a movie/show for next to no interest like you could for the last decade and release it on a platform where the success of the content is measured in views, then you can probably realize a pretty big tax write-off by misrepresenting the profitability of your productions - Netflix only paid a 1% income tax rate in 2021
There's also a lot of dick-waving involved in film performance. Supposedly a movie is only a "hit" if it breaks opening-weekend box office records. Anything beyond that is irrelevant because the producers have already been selected for their next projects.
That's true, and also usually the longer a theatrical run is the greater the percentage goes to the theater. Opening weekend is basically make or break as a result.