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Chapter eight hundred and fourth huge loss

In Hollywood, payment sharing is not very active in all companies. It is normal to delay it for a year or two, and it is not uncommon to delay it indefinitely and finally cause trouble in court. Therefore, from the moment "Harry Potter and the Deathly Hallows" is down, Harry Potter's young actor and the agent of a British agency signed by director David Yates flew to Los Angeles and kept chasing Robin Grand and the head of the Harry Potter studio behind the butt.

Since a box office profit sharing agreement has been signed, it must be implemented, otherwise the relevant laws will not be made.

However, it will take time to calculate the box office profits of the first and second two films of "Harry Potter and the Deathly Hallows".

Currently, Warner Bros., a publisher, receives a share of $800 million from the total box office of these two films.

Based on this amount, Harry Potter Studios began relevant financial accounting.

Harry Potter Studios is just the producer of the film. It signed a distribution contract with Warner Bros. According to the contract agreement, 10% of the total box office of the two films in "Harry Potter and the Deathly Hallows" belongs to Warner Bros.'s distribution fee, which is 10% of the $2.4 billion, which is about 240 million US dollars.

This part of the money will be deducted by Warner Bros. Even if it is just a service fee you pay to yourself, no one can pick it out.

Then there is the promotional and marketing expenses of the film. In the statement submitted by Warner Bros., "Harry Potter and the Deathly Hallows" spent $120 million in this regard, and "Harry Potter and the Deathly Hallows" related expenses were $130 million.

This part of the funds is basically paid to itself by Warner Bros. Most of the channels used for film promotion and marketing belong to Time Warner.

After deducting these sums of the total amounts of up to $490 million, the remaining $310 million was transferred to the account of Harry Potter Studios.

But those who signed the box office profit share cannot participate in the ranks of sharing the funds because Harry Potter Studios also deducted production costs.

In this regard, Harry Potter Studio did not make any moves. Due to the shooting of the two films together, it saved a lot of expenses. The total production cost of the first and second films of "Harry Potter and the Deathly Hallows" was US$300 million...

But this is not finished yet.

Harry Potter Studios didn't have enough money to invest in the film, and the $300 million investment came from borrowing Harry Potter Studios to a movie foundation in Duke.

It has been more than three years since the original borrowing. Harry Potter Studios needs to pay $47 million in interest to Duke's foundation.

This is of course the expense incurred by borrowing the right hand with the left hand, but Harry Potter Studios is a financially independent company. It is not only a matter of natural debt to pay interest by borrowing loans, but also completely in line with the relevant laws.

Therefore, from an accounting perspective, the two films of "Harry Potter and the Deathly Hallows" were completely in the box office.

In this way, the main creators who signed a net income sharing agreement with the film company will not be able to get any money.

"Loss?"

In Harry Potter Studio, an agent from the UK heard Robin Grande's reply. Not only was he angry, "How is this possible! How could this video lose at the box office?"

He held the table with both hands and stared at Robin Grande with his eyes burningly, like a monster who chose people to eat.

But Robin Grand turned a blind eye to his attitude and pushed the thick financial audit report in front of the agent. "This is the relevant financial audit data, which contains the details of box office revenue and all expenditures in all regions. If you don't believe it, you can ask professional lawyers and accountants to review it."

From a legal and financial perspective, Harry Potter Studios' practices are completely legal and reasonable.

It is precisely because of knowing this. Robin Grand doesn't care what the agent thinks, "Sorry, I have other jobs to be busy with."

Hearing these words like expelling orders, the agent became even more angry, "You are doing too much! Don't forget that they are Daniel Radcliffe and Emma Watson, who are popular superstars today."

Looking up, Robin Grande just looked at him, but said nothing.

But the agent's arrogance disappeared little by little. Looking at Robin Grand, who didn't care much, it seemed that he gradually understood something.

Daniel Radcliffe, Emma Watson and other young actors under the company have indeed become popular stars because of the Harry Potter series. It is not too much to say that the first two are so popular.

However, the Harry Potter series is over. Their value to Harry Potter Studios…

Taking a deep breath, the agent suppressed his anger and said, "This matter won't end like this, Mr. Robin Grande, do you want to see a lawsuit?"

Robin Grande smiled faintly, "This financial accounting is completely in line with the law. If you want to sue Harry Potter Studio, please."

After saying that, he pressed the telephone, let his secretary enter the office, and invited the British agent out.

Whether it is Robin Grand, or Duke and Warner Bros. standing behind it, they don’t care at all that this turns into a lawsuit. From a legal perspective, there is no problem with the accounting loss determination of Harry Potter Studio.

This involves hundreds of millions of dollars in funding, and Duke and Warner Bros. will not give up easily, and of course the actors and their agents will not give up.

They were moving around in Hollywood, trying to put pressure on Harry Potter Studios, and even found relevant lawyers to sue Harry Potter Studios in Delaware Equity Court.

Like most companies in Hollywood, Harry Potter Studios is registered in Delaware.

“The box office really didn’t generate profits?”

In the Warner Studios office, Joanna Rowling, who came from London, sat opposite Duke, holding a coffee cup and asked, "Duke, it's not fair to Emma and the others to do this."

"Joe..."

Looking at Joanna Rowling, Duke said slowly, "I believe you can also get relevant data statistics from Harry Potter Studios, and you can ask your accountants and lawyers to review it."

Joanna Rowling didn't answer.

“We have always been very successful in cooperation, and your share has never been less than one penny,” Duke continued, “and I believe that our cooperation will continue.”

Unlike the actor, Joanna Rowling has the right to share the profits and losses in the box office have no impact on her income.

"Cooperate?" Joanna Rowling looked at Duke.

"Of course," Duke raised his eyebrows, "Warner Brothers and I hope to continue working with you, and our cooperation has always been very pleasant. Joe, you probably don't want to work with those unfamiliar companies, right?"

Anyway, Duke and Warner Bros. have never tampered with the income Joanna Rowling deserves.

After thinking for a few seconds, Joanna Rowling smiled, "Of course I want to continue working with you."

Without a platform like Time Warner, there wouldn't be a craze for the Harry Potter series, and she wouldn't have such fame and wealth.

Joanna Rowling is not a fool, she knows the importance of a media group to herself.

It is actually not difficult to choose between media groups and those basically worthless actors.

Afterwards, Joanna Rowling no longer mentioned the actors' box office share, but instead talked to Duke about some ideas about her new work "Where Are the Fantastic Beasts Going".

However, the Harry Potter movie series has just ended, and "Where Are the Fantastic Beasts Going" is still in the stage of imagination. If you want to adapt it into a movie, that is the future.

Saying Joanna Rowling away, Duke's energy returned to the preparations for "Avengers". He just watched the storyboard artwork for half an hour, and Tina Fe knocked on the door and walked in.

"Emma Watson is here, she wants to see you."

Hearing Tina Fei's words, Duke thought for a while and said, "Let her come in."

Within a few minutes, Tina Fe brought Emma Watson into the office.

"Hello, Director Rosenberg."

She took off her sunglasses and greeted Duke on her own initiative.

Duke nodded at her and pointed to the chair opposite the desk, "Sit as you like, Miss Watson."

Waiting for Emma Watson to sit down, Tina Fee brought a cup of coffee, but she didn't leave, and sat behind another desk in the office.

Duke was busy with work and asked directly, "What's the matter?"

The two just knew each other, let alone had no friendship, and they were not even familiar with each other.

Obviously, Emma Watson had some fantasies about Duke, "Director Rosenberg, I don't know if you heard of it, there was something wrong with the contract I signed with Harry Potter Studios."

Hearing this, Duke frowned slightly, "Sorry, Miss Watson, although I am the producer of the Harry Potter series, this is just a name. The specific matters are Robin Grand and Harry Potter Studios. You have found the wrong person."

Emma Watson wanted to say something, but Duke raised his hand to stop him, "I'm preparing for "Avengers", what you said has nothing to do with my work."

Before the other party could continue talking, he gave Tina Fei a look, and the female assistant came over and made a gesture of inviting her.

Her eyebrows were frowned tightly, Emma Watson looked at Duke in confusion, as if she didn't expect it would be the result.

Perhaps this actress was too fond of Harry Potter crew and agency before, and was obviously a little naive.

But if this kind of naivety is used in the wrong place, Duke will not be moved by her words. After Tina Fei asked her to leave, she threw this matter behind her head and focused on the work of "Avengers". (To be continued.)
Chapter completed!
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