<story><title>The Matrix Resurrections estimated to lose Warner Bros $100M</title><url>https://wegotthiscovered.com/tv/the-matrix-resurrections-estimated-to-lose-warner-bros-100-million/</url></story><parent_chain><item><author>LegitShady</author><text>Do they suddenly make more money streaming?  Do you have any evidence people joined a streaming platform to watch it?&lt;p&gt;This thing bombed everywhere.  People with existing subscriptions watching it doesn&amp;#x27;t make it any. More profitable to Warner Bros</text></item><item><author>Latty</author><text>Quoting box office sales while ignoring the fact this was released simultaneously for streaming really doesn&amp;#x27;t tell the full story.</text></item><item><author>fishtoaster</author><text>Any reason to believe that this is an instance of Hollywood Accounting?  At a glance, wikipedia says the film cost $190m, which seems reasonable for a film like this, and only received $124.5m in box office sales.  Conversely, wikipedia lists Harry Potter OotP as a &amp;quot;150–200 million&amp;quot; budget on $942m in box office sales.&lt;p&gt;It&amp;#x27;s certainly possible this is a case of Hollywood Accounting, but is there any particular reason we think it is, vs just a film losing a lot of money normally?</text></item><item><author>romwell</author><text>Uh huh. Sure.&lt;p&gt;There&amp;#x27;s a reason they call it Hollywood Accounting[1].&lt;p&gt;Not that Warner Brothers is new to this game either:&lt;p&gt;&amp;gt;A Warner Bros. receipt was leaked online, showing that the hugely successful movie Harry Potter and the Order of the Phoenix ended up with a $167 million loss on paper after grossing nearly $1 billion.&lt;p&gt;[1] &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;en.wikipedia.org&amp;#x2F;wiki&amp;#x2F;Hollywood_accounting&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;en.wikipedia.org&amp;#x2F;wiki&amp;#x2F;Hollywood_accounting&lt;/a&gt;</text></item></parent_chain><comment><author>PostOnce</author><text>More money isn&amp;#x27;t just new subscriptions, it&amp;#x27;s also revenue from existing subscriptions (which can be cancelled any time).&lt;p&gt;By this logic, platforms will never need new content ever in order to keep existing subscribers happy.&lt;p&gt;It&amp;#x27;s not just new subscriptions, it&amp;#x27;s also retention: do people stay subscribed to platform X because movies like The Matrix Resurrections are on the platform?&lt;p&gt;It&amp;#x27;d be rather hard to measure for a single film, it&amp;#x27;s the aggregate of platform content that dictates retention, I would think.&lt;p&gt;If the answer is yes, then the platforms will continue to pay companies like WB to film &amp;quot;box office bombs&amp;quot;.</text></comment>
<story><title>The Matrix Resurrections estimated to lose Warner Bros $100M</title><url>https://wegotthiscovered.com/tv/the-matrix-resurrections-estimated-to-lose-warner-bros-100-million/</url></story><parent_chain><item><author>LegitShady</author><text>Do they suddenly make more money streaming?  Do you have any evidence people joined a streaming platform to watch it?&lt;p&gt;This thing bombed everywhere.  People with existing subscriptions watching it doesn&amp;#x27;t make it any. More profitable to Warner Bros</text></item><item><author>Latty</author><text>Quoting box office sales while ignoring the fact this was released simultaneously for streaming really doesn&amp;#x27;t tell the full story.</text></item><item><author>fishtoaster</author><text>Any reason to believe that this is an instance of Hollywood Accounting?  At a glance, wikipedia says the film cost $190m, which seems reasonable for a film like this, and only received $124.5m in box office sales.  Conversely, wikipedia lists Harry Potter OotP as a &amp;quot;150–200 million&amp;quot; budget on $942m in box office sales.&lt;p&gt;It&amp;#x27;s certainly possible this is a case of Hollywood Accounting, but is there any particular reason we think it is, vs just a film losing a lot of money normally?</text></item><item><author>romwell</author><text>Uh huh. Sure.&lt;p&gt;There&amp;#x27;s a reason they call it Hollywood Accounting[1].&lt;p&gt;Not that Warner Brothers is new to this game either:&lt;p&gt;&amp;gt;A Warner Bros. receipt was leaked online, showing that the hugely successful movie Harry Potter and the Order of the Phoenix ended up with a $167 million loss on paper after grossing nearly $1 billion.&lt;p&gt;[1] &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;en.wikipedia.org&amp;#x2F;wiki&amp;#x2F;Hollywood_accounting&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;en.wikipedia.org&amp;#x2F;wiki&amp;#x2F;Hollywood_accounting&lt;/a&gt;</text></item></parent_chain><comment><author>bentcorner</author><text>While I can&amp;#x27;t answer your question, just using a calculation like &amp;quot;box office receipts&amp;quot; - &amp;quot;movie making expense&amp;quot; is surely disingenuous.  In that case every single direct-to-netflix release would be considered a money loser.</text></comment>