That’s the thing about residuals though. If it’s not popular enough you don’t have to pay anything. Unless it’s a tax thing I can’t see a downside to leaving it available.
Assuming it’s like the others then I believe they will treat it as an investment loss which allows them to take some percentage of the loss as a tax deduction.
I don’t know how the law works but suspect it makes an eventual return to any form of media unlikely.
This article and other discussions I’ve seen about this content removal trend seems to put the blame mostly on a tax loophole. I don’t really understand it, but what I think is basically happening is the company does a calculation that the show/movie will make them basically no money but taking a loss on it by trashing it will earn them a larger discount on their taxes.
That’s the thing about residuals though. If it’s not popular enough you don’t have to pay anything. Unless it’s a tax thing I can’t see a downside to leaving it available.
Assuming it’s like the others then I believe they will treat it as an investment loss which allows them to take some percentage of the loss as a tax deduction.
I don’t know how the law works but suspect it makes an eventual return to any form of media unlikely.
This article and other discussions I’ve seen about this content removal trend seems to put the blame mostly on a tax loophole. I don’t really understand it, but what I think is basically happening is the company does a calculation that the show/movie will make them basically no money but taking a loss on it by trashing it will earn them a larger discount on their taxes.
This is why we can’t have nice things. Corporations are evil. Goodnight.
No body to incarcerate or soul to damn.
Next year on the streaming platform of your choice: Springtime for Hitler!
Great reference!
Capitalists would kill their grandmothers to avoid paying out ten cents to an actual worker