considers
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TIL that despite Harry Potter and the Order of the Phoenix grossing almost $1 Billion worldwide, Warner Bros. considers it a $167 million loss thanks to “Hollywood Accounting” where they can pay their own subsidiary companies inflated rates, reducing profit on paper, lowering taxes & obligations.
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whatilearned
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TIL The owner of a $169 Million condo in NYC in Billionaire’s Row has never stepped foot in the building, considers it an investment. The super slim skyscrapers that make up Billionaire’s Row sit empty most of the time as many of the owners of the units have 7 or 8 other houses they rotate living in
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whatilearned
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