Creative Accountants
Hollywood accounting gets its name from its prevalence in the entertainment industry — that is, in the movie studios of Hollywood. Those affected can range from the writers to the actors.
John D. MacDonald's novel Free Fall in Crimson (1981) references Hollywood accounting in its dialogue:
"Darling! This is the Industry! The really creative people are the accountants. A big studio got over half the profit, after setting breakeven at about three times the cost, taking twenty-five percent of income as an overhead charge, and taking thirty percent of income as a distribution charge, plus rental fees, and prime interest on what they advanced."
Read more about this topic: Hollywood Accounting
Famous quotes containing the word creative:
“Media mystifications should not obfuscate a simple, perceivable fact; Black teenage girls do not create poverty by having babies. Quite the contrary, they have babies at such a young age precisely because they are poor—because they do not have the opportunity to acquire an education, because meaningful, well-paying jobs and creative forms of recreation are not accessible to them ... because safe, effective forms of contraception are not available to them.”
—Angela Davis (b. 1944)