*now playing*
 

Business News

How Harry Potter lost $167M


If you follow the entertainment business at all, you’re probably well aware of “Hollywood accounting,” whereby very, very, very few entertainment products are technically “profitable,” even as they earn studios millions of dollars. A couple months ago, the Planet Money folks did a great episode explaining how this works in very simple terms. The really, really, really simplified version is that Hollywood sets up a separate corporation for each movie with the intent that this corporation will take on losses. The studio then charges the “film corporation” a huge fee (which creates a large part of the “expense” that leads… Read more »

News

Manchester Orchestra prepares for Bonnaroo, album


Manchester Orchestra main man Andy Hull is a pretty hirsute dude. So when he starts talking about recording a new album and he mentions that his main goal is to make the listeners’ hair stand straight up, you know he means business.

News

Bill Clinton optimistic about Haiti rebuilding process


All throughout the “Hope for Haiti Now” telethon on Friday night, the millions of people watching at home heard stories about the current situation on the ground in Haiti. Perhaps no participant is more intimate with the plight of the island nation than former President Bill Clinton, who acts as the United Nations’ special envoy to Haiti.

COOKIE NOTICE
We utilize cookie technology to collect data regarding the number of visits a person has made to our site. This data is stored in aggregate form and is in no way singled out in an individual file. This information allows us to know what pages/sites are of interest to our users and what pages/sites may be of less interest. See more
GET THE NEW IDOBI APP
Carry the best music in your pocket with idobi.