Hollywood Accounting: How Harry Potter Suffered a $167 Million Loss

#Money

Wed, Jul 14th, 2010 11:00 by capnasty NEWS

This amusing article by Techdirt explains how it was possible for the last Harry Potter movie to lose $167 million while taking in nearly $1 billion in revenue, all done by using some pretty clever Hollywood Accounting. This isn't new or surprising, but it's getting attention because the income statement for the movie was leaked online, showing just how Warner Bros. pulled off the accounting trick.

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