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” - 2 “ - 2 Sony didn’t - 2 CNN Business ’ - 1 “ Forrest Gump ” - 1 Harry Potter - 1 United States ’ - 1 Stephen Glaeser - 1
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New York United States Tinseltown University of North Carolina
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Sony - 2 CNN - 2 CNN Business - 1 New York CNN - 1 United - 1 University of North - 1 University of Indiana’s Kelley Business School - 1 University of Southern California’s Marshall School of Business - 1

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☆ Hollywood’s absolutely bizarre accounting tactics are under renewed scrutiny
  + stars: | 2023-07-19 | by ( Allison Morrow | ) edition.cnn.com   time to read: +6 min
But the unique accounting standards that the industry has long relied on to make those calculations is anything but straightforward. “Hollywood accounting,” as a concept, is so specific to the entertainment business it has its own Wikipedia page. And while experts say this kind of creative accounting is perfectly legal, the tactics involve some of the most fantastical fictions ever devised in Tinseltown. To actually make the movie, the subsidiary inevitably takes on expenses — crew wages, craft services, set design, props etc. That means all of these “creative” expense allocations shouldn’t affect what net profits the studio’s shareholders see.
Persons: CNN Business ’, “ Forrest Gump ”, ”, Harry Potter, United States ’, Stephen Glaeser, Glaeser, ” Glaeser, it’s, Bridget Stomberg, “, Mark Young, ” Young, Tommy Lee Jones, Will Smith, Ed Solomon, Solomon, Sony didn’t, you’ll Organizations: CNN Business, New York CNN, United, University of North, University of Indiana’s Kelley Business School, University of Southern California’s Marshall School of Business, Sony Pictures, Sony, CNN Locations: New York, United States, Tinseltown, University of North Carolina
☆ Call of Duty to remain on Playstation following Activision Blizzard Microsoft merger
  + stars: | 2023-07-16 | by ( Brian Fung | ) edition.cnn.com   time to read: +3 min
CNN —Microsoft (MSFT) has signed an agreement with Sony (SNE) to ensure “Call of Duty” remains available on PlayStation after Microsoft (MSFT) closes its $69 billion Activision Blizzard (ATVI) merger, the tech giant said Sunday. The agreement could resolve long-standing complaints by Sony that the merger — which aims to make Microsoft the third-largest video game publisher in the world — threatens competition. “We are pleased to announce that Microsoft and @PlayStation have signed a binding agreement to keep Call of Duty on PlayStation following the acquisition of Activision Blizzard,” said Phil Spencer, Microsoft’s Xbox head, in a tweet. On Sunday, Microsoft did not disclose the duration of the agreement with Sony. Last week, Microsoft won two successive court victories when a federal district court and a US appeals court declined to temporarily block the merger from being consummated.
Persons: Sony didn’t, ”, Phil Spencer, Microsoft’s, we’ve, Brad Smith, Satya Nadella, Jacqueline Scott Corley, “ Organizations: CNN, Microsoft, Sony, PlayStation, Activision, Activision Blizzard, ” Sony, Nintendo, Nvidia, “, Sony PlayStation, Federal Trade Commission
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