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Sunday, October 16, 2011

It's time to Occupy Hollywood.

Nowhere else in this country is there so much inequality and so much financial corruption as in Hollywood. One of Glenn Reynolds' readers:
In this month’s Vanity Fair, Johnny Depp admits he’s overpaid. Roughly $300 MM from the Pirates series.

Coincidentally there’s a lawsuit being filed against a studio by unpaid interns for exploitation and breach of contract I think.

Anyway, maybe this is a good time to create a law stating that no-one involved with the making of a movie can make more than 10x the lowest person’s salary.

And that all participants must have an equal share of profits.

Maybe we should Occupy Hollywood and Vine.

And from another Reynolds posting:
Hollywood accounting is crooked on a scale that would make any Wall Street firm blush. David Prowse, the very tall actor who wore the Darth Vader costume in the original Star Wars trilogy, recently remarked in an interview that according to the studio, Return of the Jedi has never made a nickel of profit, so Prowse has never been paid any residuals. The film grossed over half a billion dollars worldwide, but the studio rigged the books to show zero net profit, almost thirty years later. In the course of explaining why this sort of thing is commonplace, Atlantic magazine notes that even Harry Potter and the Order of the Phoenix is currently on the books as a net loss.

As a fascinating article at Film School Rejects chronicles, movie studios engage in all sorts of viciously “unfair” practices, such as using their muscle to virtually extort theater owners, stealing intellectual property, and marketing their lesser films with fraudulent “reviews.” Any of these practices from a Wall Street firm would prompt a rush of patchouli-scented basement-dwelling youth that could only be stopped with pepper spray and plastic nets.

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