Warner Bros. has agreed to a deal with Ketchup Entertainment to give its embattled Looney Tunes movie a theatrical run.

Warner Bros. has agreed to a deal with Ketchup Entertainment to give its embattled Looney Tunes movie a theatrical run.

  • Skullgrid@lemmy.worldEnglish
    201·
    5 days ago

    what’s the legal implications of this? They canned it as a tax write off, they wrote off the tax, now they’re going to profit off it?

    I know WB doesn’t have to obey the law because it’s a huge corporation, but I’m sure there’s some laws being broken.

    • danc4498@lemmy.worldEnglish
      2·
      3 days ago

      I’m sure they can un write something off. The IRS would be more than happy to get the tax back.

      • lud@lemm.eeEnglish
        1·
        3 days ago

        And do we even know if they wrote it off in the first place? Any WB accountants here?

    • KnitWit@lemmy.worldEnglish
      3·
      4 days ago

      Yeah, I remember when this originally went down seeing something about how if they used that write-off it meant that the film could never be distributed afterwards. The way things are now I wouldn’t be surprised if they sold it and kept the write-off anyways since that was a different fiscal year.