#GROSS PROFIT

[blogtey45]

Jon Corteen Understands Profit, Value Systems, and Strategy

[damonp304]

Jon Corteen Understands Profit, Value Systems, and Strategy

🌟I've got a clear-ish vision of where I want to go, a fairly good idea of what I have to accomplish now and in the next....oh, three or four minutes...

[glowing-blue-feathermage]

[dead-meat]

Sketchy sketches of them because they've been in my brain

[optics-anddesign2]

genuinely don’t believe dream is gay and the stans can hate me for that all you want but like christ. i think i’d still be mad at him for all the weird queerbaiting even if he did like men.

[queenimmadolla]

there is something so viscerally evil about tumblr

1.) selling your shit to AI

2.) putting it in the app update while not stating so in the app changes on the app store

3.) having the setting turned off so EVERYONE has to manually go in an opt out—if they’re even aware that Tumblr is selling their work to AI companies (again, because they’re trying to keep quiet about it)

it’s all very disgustingly slimy that you have to OPT OUT rather than opt in, they just take your consent without even asking for it.

anywho, don’t forget to go to settings < visibility < and turn on the option that stops tumblr from giving your work to AI, it’s automatically set to be OFF if you’ve updated your app to version 33.4.

[sixeyesonathiel]

fuckass fin+

[19011301180905]

my fav love-hate enstars song is trap for you because it's so fujobrainpilled. inviting in a third-party (the audience, really) into their "dream/dangerous love/drown in our pleasure" they even have lyrics about setting it up for the third-party ("we saw you desire it") like really honing in to the voyeurism core of fujoshis. super interesting and i love that enstars is really tongue-in-cheek about fanservice. strongest example being that one event with himeru and tatsumi acting for a vn and they have a reference to ppl who like brocon. like gross topic during that event but it was a funny 4th wall reference

[loaf-of-wren]

Every second you spend pricing your videogames at $80, you are doing nothing but standing in ignorance as the pirates sail ever closer. Ye shall be struck by the crew and they will plunder everything you own, every game you ever publish, and it will be your own fault.

[theabstruseone]

As the studios continue to shoot themselves in the foot, I thought some people might like an explanation for what all this "writing off for taxes" means when a studio, network, or streaming service pulls a show to write it off.

Disclaimer: I have worked in accounting but am not and never have been an accountant. This is a simplified explanation that doesn't go into all the details so people have a basic understanding of what's going on.

Long post continues below...

Businesses (including self-employed people) are taxed based on the profits the business makes. To determine what the profits are, companies tally up all the money they made from various sources then deduct all the expenses they paid for the business.

For a very basic example with completely made-up numbers, I'm screening a movie to 100 people who pay $10 each to see it. So I have $1000. It cost me $200 to rent the theater, I spent $20 printing the tickets people bought, and I bought $80 worth of flyers to advertise the screening. So I add up all my expenses ($200 + $20 + $80 = $300), then I subtract that from how much money I made ($1000 - $300) to get how much profit I get taxed on, or $700.

Now let's say instead of paying to have the tickets and flyers printed, I buy a printer to do it myself. The printer costs $200, but I'm going to be using it for several years. This is where Amortization comes in.

Amortization is a type of deduction businesses take on assets they purchase where the deduction for that asset is spread over time. The value of the asset is going to decrease over time due to normal wear and tear, but it's going to be in use for many years so I can choose to deduct it over time as well. So for my $200 printer, I deduct $50 the first year, $30 the second, $20 the third, and so on until the full value of the asset has been deducted over the course of several years. Again, it's way more complicated than this but you get the general idea.

Now, in 1993 it was made legal for films and television networks to write off the expenses in creating a movie or show via amortization. The idea is that, instead of losing value due to wear and tear, the intellectual property loses value because it becomes less popular over time. A movie released in 2000 is never going to make as much money in 2001, and less in 2002, and less than that in 2003, and so on because DVD/bluray sales will fall over time and it won't be licensed as frequently by networks or streaming services and those licensing fees will go down. So now all the expenses for a film or show can be amortized over 15 years.

The thing is, if you amortize something and it loses all value, you can claim all remaining amortized value at once. For example, if you have a company vehicle that breaks down completely and can't be repaired, it's not worth 25% less than it was the prior year, it's now worthless. So the company can declare the asset no longer has value and claim whatever expenses were paid as a deduction at once.

So what the studios are doing are saying "This TV show no longer has any value, so we're pulling it from distribution and writing off all the money we spent on production this year."

The problem is, that IP is considered to have no value from that time forward as far as taxes are concerned. If the company makes money off of that IP again, they have to repay all the money they saved on their taxes.

So if I make a movie that costs $60 million in 2022, I can decide not to release the movie and write off all $60 million as a deduction on my taxes for 2022. But I can NEVER release that movie. Because if I do, I then have to pay back the taxes I would have paid in 2022 if I didn't take that $60 million deduction.

So what's going on is all these studios, networks, and streaming services are permanently shelving all of these shows and movies to reduce their tax burden THIS YEAR ONLY, and then they can NEVER release them again or they have to pay those taxes. It also means they don't have to pay any residuals to actors, writers, directors, and other people who made the film (which is funny because residuals paid out are business expenses and can also be written off).

It is the epitome of goosing the numbers for a single quarter at the expense of the entire business. They're saving money on taxes for a single year while destroying the very thing they use to make profits in the first place.

[placeinthisworld]

Mila kunis and Ashton Kutcher really uhhhh really fucked up huh

[iwatcheditbegin]

Can’t say I’m surprised bc her refusal to filter her comments to prevent hate towards taylor is very on brand gaylor behaviour so it all makes sense

[lonewolflink]

...

tiktok??? ad??? on MY caps jerseys??? BOOOOOOOO

:(

[highlineeheartbeat]

I need to speak my truth....

[press1forf1]

I feel like I'm in a different universe or something. Because tell me why people are trying to excuse Marko's statement as 'okay' and 'understandable' because Checo isn't performing well this season??!!!!!?!?

Like what do you mean by that Twitter user 'Do what's right'??????????

What stakes? Red Bull has been wiping their ass with the ENTIRE grid this season! Yeah in the beginning everyone was expecting a fight between Max and Checo so to see Checo underperforming lately has generated criticism. But criticism towards his PERFORMANCE!

There are people who just can't tolerate these conversations and will reach for the dumbest things to shut it down. You quite literally could just shut up and not partake. Broadcasting your ignorance is just crazy.

[sunnibits]

declining AI “artist”’s shop applications on inprnt like