411 REFERENCE · Wiktionary
Hollywood accounting
Reference material by Wiktionary contributors. This retains its source identity and is not 411 news reporting.
English
Noun
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en business A form of creative accounting practiced by the entertainment industry that reduces reported profit in order to reduce owed royalties and taxes.
en Hollywood bookkeeping
en 2007 Johnnie L. Roberts Hollywood’s New Moguls Shake Things Up Newsweek Supposedly, it also avoids “Hollywood accounting,” whereby a film generates a fortune in ticket sales but never shows a profit for the producer who sank millions into it.
en Accounting