Word info

Hollywood accounting

Noun

Meaning

Hollywood accounting (uncountable)

(business) A form of creative accounting practiced by the entertainment industry that reduces reported profit in order to reduce owed royalties and taxes.
Synonym: Hollywood bookkeeping

Source: en.wiktionary.org

Examples

While Marvel Studios does in fact own and operate all the films and shows it produces, the studio sets up a separate subsidiary for each project for liability and expense purposes — you know, Hollywood accounting. Source: Internet

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