#that’s gross profits

[missanathea]

That’s interesting, but it is not exactly the right figure.

You’re looking at the amount of money companies receive in sales, which is a lot, but it is not the amount of money they have at their disposal. A lot of that money is used to pay for the goods they sold and/or the salaries and all the logistics/manufacturing for getting the goods to you.

The figure you want to look at is the profits. It will be less impressive, but it will reflect reality better. And less impressive does not mean meaningless. You don’t need a company to make 1 billion in less than a week for it to be outrageous. 1 billion of profits in a month, a quarter or even a year is already way too many.

[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.

[ahaura]

from @/JoshuaPHilll, via More Perfect Union

[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

[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.

[hussyknee]

In one of the 647968 posts going "What You Like Says Nothing About You" (broadly agree) the first comment in the reply section was, "well I'm never going to apologize for being a Swiftie and a Reylo and Destiel shipper and Snape fan and loving ACOTAR and LOTR and Hamilton and B99" and I'm like, actually being this much of a pathological white liberal makes you the exception to this rule 😭😭

[idiosyncraticrednebula]

Even since Michael's heavenly ascend, not just the music industry but, quite frankly, the entertainment industry as a whole has been left with a massive void that I don't believe will be fulfilled in the near future or ever again. That man had a star power equivalent to three Galactuses at their most powerful. You will never witness someone like that ever again, not in this lifetime nor the next one. He was and still is one of a kind.

[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

[drinkyourfuckingmilk]

If you don't mind me asking, how do you manage your chronic illness? I'm still in the process of diagnosis, but I'm starting to get pretty demoralized with my health slipping

I was referred to a endocrinologist for my PCOS and he's been amazing in terms of helping me reduce the horrific roller-coaster hormone imbalances and insulin-resistance, the only issue I'm still struggling with is the bad fatigue and hairloss (I'm lucky I've got so much of it though, it just sucks being covered in hair after a light breeze hits my head). I just try and stick to what I've learned makes my symptoms decrease or disappear like regular exercise, eating healthy, making sure my vitamins are supplemented if I'm more prone to certain deficiencies, getting regular blood tests to make sure my hormones aren't in full revolt, trying different medications that help reduce the hormones that are throwing me out of whack etc

It can be expensive to see a specialist so I sort of ration out my appointments, but if its affordable for you its worth the relief to even just have a plan in place. And sometimes you'll have harder times with the symptoms and feel like you're back at square one but being proactive with trying new health strategies with your specialist or GP will help you mix and match what works for you. when you go through a period where nothing feels like it's working, then it's always helpful to talk to someone about it.

And be careful what sources of info or support you look for online - there's so many communities for specific chronic illnesses that are full of misinformation (instagram and tiktok especially) and are just influencers disguised as experts looking to make money off you with tips that are NOT backed by science.

[lonewolflink]

...

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

:(

[fiovske]

death and dying upon the wotc actually. I hope all d&d streamers gamers content creators move to literally any other ttrpg and leave wotc broke. hatred and malice upon the wotc

[glittertimes]

I shouldn’t have to actively fight to not get addicted to things! Like why are things that are addictive so easily accessible to me!

[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