Birdwatch Note Rating
2024-02-10 15:18:52 UTC - NOT_HELPFUL
Rated by Participant: C323314C3595F5E8F3DF7966B440416A9932DA6AC09665E5B3836D601E2E5C27
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