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Gotta love Hollywood accounting!
Dec. 27th, 2005 10:32 amFrom News of the Weird:
The gigantic hit TV series "Frasier" grossed $1.5 billion during its 11-year run, but according to the show's executives (responding to a recent lawsuit by the program's creators for a greater share of the "profits"), the traditional Hollywood accounting methods reveal that the show earned no profit over its lifetime but actually lost $200 million. [New York Post, 10-25-05]
The gigantic hit TV series "Frasier" grossed $1.5 billion during its 11-year run, but according to the show's executives (responding to a recent lawsuit by the program's creators for a greater share of the "profits"), the traditional Hollywood accounting methods reveal that the show earned no profit over its lifetime but actually lost $200 million. [New York Post, 10-25-05]
