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According to Hollywood, The Lord of the Rings movies were a flop, Harry Potter was a box-office bomb, Star Wars ended up in the red… welcome to the nightmarish world of Hollywood accounting, or How Hollywood scams artists (or to put it simply, how movies lose money). This scam has only one purpose : to allow studios to reap all the movies’ benefits. Hello! The binge doctor will talk today about how Hollywood scams artists due to Hollywood accounting. Indeed, Hollywood accounting is thriving for 80 years, and changes huge successes in colossal losses with some tax optimization to avoid paying creative people their fair share in residuals and profits. We’re gonna take the example of The Lord of the Rings trilogy along with other mentions (Harry Potter, Transformers, Men in Black, Rocky, Supernatural…), to explain how Hollywood scams artists. We hope this analysis about Hollywood accounting will be clear, especially on how Peter Jackson’s The Lord of the Rings was an infamous victim of this legal scam. We hope to explain why and how Hollywood scams artists, destroying any hope for a movie to be profitable, and suppressing residuals for creative people, even with movies grossing billions of dollars. How Hollywood scams artists? Let’s find out! Written & edited by The Binge Doctor Translation, voice and thumbnail by Marla Singer (Sources on pinned comment) TIMECODES : 0:00: Intro 1:01: Case Study: The Lord of the Rings movies 9:23: A Generalized Practice 13:13: Can we change the system? Subscribe for more exciting stories: / @thebingedoctor How Hollywood scams artists? (Hollywood accounting) by The Binge Doctor *DISCLAIMER* © According to the "Copyright Act of 1976 (article 107)" or "fair-use" principle, acknowledged and enforced by Youtube, all non-licensed clips are used for fair use commentary, criticism, and educational purposes. https://www.copyright.gov/title17/92c... See Hosseinzadeh v. Klein, 276 F.Supp.3d 34 (S.D.N.Y. 2017); Equals Three, LLC v. Jukin Media, Inc., 139 F. Supp. 3d 1094 (C.D. Cal. 2015). Music Credits: Feelin Good Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/b... "Bossa Antigua" Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0 License http://creativecommons.org/licenses/b... SEO: hollywood accounting, how movies lose money, how hollywood scams artists, Hollywood scam, hollywood, lord of the rings films, the binge doctor, Image links: https://fr.freepik.com/vecteurs-libre... starline image on Freepik https://fr.freepik.com/vecteurs-libre... https://fr.freepik.com/vecteurs-libre... macrovector image on Freepik https://fr.freepik.com/vecteurs-libre... GraphiqaStock image on Freepik https://pixabay.com/fr/users/openclip... OpenClipart-Vectors https://fr.freepik.com/search?format=... Mayor Icons icon