Birdwatch Note Rating
2024-02-10 14:57:03 UTC - HELPFUL
Rated by Participant: 477CA9FBBD7C32791D54E36911724C598E1E582FD030D7174A66E87FABAB0D1F
Participant Details
Original Note:
Warner Brothers is losing money on the film. They have spent more than $70 million. By booking the loss now, they reduce their income for the year, resulting in a reduction of taxes based on their state and federal income tax rates. Their tax rates are not 100%. https://abovethelaw.com/2023/11/was-the-coyote-vs-acme-movie-canceled-for-tax-purposes/ https://amp.theguardian.com/film/2023/nov/09/warner-bros-coyote-vs-acme-movie-john-cena
All Note Details