Hollywood accounting

Hollywood accounting (also known as Hollywood bookkeeping) refers to the opaque or creative accounting methods used by the film, video, and television industry to budget and record profits for film projects. Expenditures can be inflated to reduce or eliminate the reported profit of the project, thereby reducing the amount which the corporation must pay in royalties or other profit-sharing agreements, as these are based on the net profit.

Hollywood accounting gets its name from its prevalence in the entertainment industry—that is, in the movie studios of Hollywood at a time when most studios were located in Hollywood. Those affected can range from the writers to the actors.

Practices

Hollywood accounting can take several forms. In one form, a subsidiary is formed to perform a given activity and the parent entity will extract money out of the subsidiary not in terms of profits but in the form of charges for certain "services". The specific schemes can range from the simple and obvious to the extremely complex.

Post-production

Post-production, or postproduction, is part of the process of filmmaking, video production and photography. It occurs in the making of motion pictures, television programs, radio programs, advertising, audio recordings, photography, and digital art. It is a term for all stages of production occurring after shooting or recording individual program segments.

Traditional (analogue) post-production has been eroded away by video editing software that operates on a non-linear editing system (NLE).

Processes

Post-production is many different processes grouped under one name. These typically include:

Paley Center for Media

The Paley Center for Media, formerly the Museum of Television & Radio (MT&R) and the Museum of Broadcasting, founded in 1975 by William S. Paley, is an American cultural institution dedicated to the discussion of the cultural, creative and social significance of television, radio and emerging platforms for the professional community and media-interested public.

It was renamed The Paley Center for Media on June 5, 2007, to encompass emerging broadcasting technologies such as the Internet, mobile video and podcasting, as well as to expand its role as a neutral setting where media professionals can engage in discussion and debate about the evolving media landscape.

Locations

With an ever-growing collection of content broadcast on radio and television, the Paley Center has two branches; in New York City and Los Angeles. The New York City branch is in the heart of Midtown Manhattan at 25 West 52nd Street between 5th and 6th Avenues. The Los Angeles branch is located at 465 N Beverly Drive in Beverly Hills, near Rodeo Drive.

Production

Production may be: Film In Economics:

In Ecology:

In Entertainment:

In Abstract systems:

See also

Executive producer

An executive producer (EP) enables the making of a commercial entertainment product. The EP may be concerned with management accounting and/or with associated legal issues (like copyrights or royalties). An EP generally contributes to the film's budget and may or may not work on set.

Motion pictures

In motion pictures, an executive producer oversees the filmmaking with regard to film finance. Executive producers liaise with the line producer and report to production companies and distributors.

Television

In television, an executive producer often supervises the creative content as well as the financial aspects of a production. Some writers (for example Stephen J. Cannell and Tina Fey) have been the creator and also the producer of the same TV show. Other dual roles may include the executive director(s) starring in the show they produce, such as Full Throttle Saloon reality TV star, Jesse James Dupree. Still other shows may have more than one executive producer working on a TV show where there can be one among them who outranks the others. This position is known as the "showrunner," or operational executive producer.