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:
“America is no place for an artist: to be an artist is to be a moral leper, an economic misfit, a social liability. A corn-fed hog enjoys a better life than a creative writer, painter, or musician. To be a rabbit is better still.”
—Henry Miller (1891–1980)