That's basically how Hollywood accounting works, with some of the highest grossing films and franchises in history not paying a penny in tax due to showing a 'loss' on paper.
Harry Potter and the Order of the Phoenix (2007) ended up with a $167 million loss on paper after grossing nearly $1 billion. According to New Line's accounts, the LOTR trilogy made "horrendous losses" and no profit at all. Same as Forrest Gump, Men in Black, and Return of the Jedi.
The Music industry is far worse in its financial machinations.
With some minor exceptions, the companies involved in this are all American.
Harry Potter and the Order of the Phoenix (2007) ended up with a $167 million loss on paper after grossing nearly $1 billion. According to New Line's accounts, the LOTR trilogy made "horrendous losses" and no profit at all. Same as Forrest Gump, Men in Black, and Return of the Jedi.
The Music industry is far worse in its financial machinations.
With some minor exceptions, the companies involved in this are all American.