This weekly roundup thread is intended for all culture war posts. 'Culture war' is vaguely defined, but it basically means controversial issues that fall along set tribal lines. Arguments over culture war issues generate a lot of heat and little light, and few deeply entrenched people ever change their minds. This thread is for voicing opinions and analyzing the state of the discussion while trying to optimize for light over heat.
Optimistically, we think that engaging with people you disagree with is worth your time, and so is being nice! Pessimistically, there are many dynamics that can lead discussions on Culture War topics to become unproductive. There's a human tendency to divide along tribal lines, praising your ingroup and vilifying your outgroup - and if you think you find it easy to criticize your ingroup, then it may be that your outgroup is not who you think it is. Extremists with opposing positions can feed off each other, highlighting each other's worst points to justify their own angry rhetoric, which becomes in turn a new example of bad behavior for the other side to highlight.
We would like to avoid these negative dynamics. Accordingly, we ask that you do not use this thread for waging the Culture War. Examples of waging the Culture War:
-
Shaming.
-
Attempting to 'build consensus' or enforce ideological conformity.
-
Making sweeping generalizations to vilify a group you dislike.
-
Recruiting for a cause.
-
Posting links that could be summarized as 'Boo outgroup!' Basically, if your content is 'Can you believe what Those People did this week?' then you should either refrain from posting, or do some very patient work to contextualize and/or steel-man the relevant viewpoint.
In general, you should argue to understand, not to win. This thread is not territory to be claimed by one group or another; indeed, the aim is to have many different viewpoints represented here. Thus, we also ask that you follow some guidelines:
-
Speak plainly. Avoid sarcasm and mockery. When disagreeing with someone, state your objections explicitly.
-
Be as precise and charitable as you can. Don't paraphrase unflatteringly.
-
Don't imply that someone said something they did not say, even if you think it follows from what they said.
-
Write like everyone is reading and you want them to be included in the discussion.
On an ad hoc basis, the mods will try to compile a list of the best posts/comments from the previous week, posted in Quality Contribution threads and archived at /r/TheThread. You may nominate a comment for this list by clicking on 'report' at the bottom of the post and typing 'Actually a quality contribution' as the report reason.
Jump in the discussion.
No email address required.
Notes -
Am I the one terribly misunderstanding tax write-offs, or is seemingly every person that talks about them? Like, sure, you can add the money you spent to your costs, but you're only getting
$cost * $tax_rate
from that back. You're still losing money.From what I've seen, the idea is that they have such debts, they need the $30 million write-off now even if the movie cost $70 million to make.
I have no idea if that's true or not, but that's the explanation I've seen for it. The $70 mil has already been spent a couple of years back; the $30 mil will reduce their debt repayments (or whatever it is) right now. They've offset the tax against their recent Q3 earnings, so they've got the benefit of that.
There's a thread here discussing what is going on; basically the movie cost somewhere around $70 million to make. Okay. But if they release it, they need to spend as much again on marketing, and then the cinemas take their bite of the profits, and so on. So they'd need to make about $170 million to break even, and even if they do that, that return is spread out over the next financial year. Meanwhile, they have to pay taxes etc. on their earnings now, so taking the write-off makes more financial sense.
I dunno, I'm not an accountant or an economist 🤷♀️ But this Variety article from March of this year say Warner Studios (or whatever name they're going by this minute) are drowning in debt:
It has $45 billion in debt, and if I go by this breakdown, its assets don't cover its liabilities in the short term.
More options
Context Copy link
It's true that you're still losing money, but you're losing less money than you are if you release it and it does poorly. In order for releasing it to do better than writing it off, you have to make $cost * $rate after paying the expenses of releasing it, profits to other people in the chain, etc. They've probably also got a limited number of slots to release things in and it's probably not going to make $cost * $rate * $expenses more than the thing whose slot it replaces. They could release it to streaming, where they don't have a limited number of slots but if they do, it'll make no money at the margins, and zero is still less than $cost * $rate.
More options
Context Copy link
More options
Context Copy link