Warner Bros. Discovery CEO David Zaslav commented about shelving completed or nearly completed films like Coyote vs. Acme and Batgirl, saying the decisions “took real courage.”
Warner Bros. Discovery CEO David Zaslav commented about shelving completed or nearly completed films like Coyote vs. Acme and Batgirl, saying the decisions “took real courage.”
It’s not money wasted. They get to claim the costs as a loss on their balance sheets and write it off against their taxes. It’s simply a tax advantaged move to increase perceived profitability.
Pretty sad that a project is worth more on paper as a tax write off than they expect it to make in reality.