Quote:
Originally Posted by JeremyR
I suspect the book industry is a lot like the movie industry - creative accounting is used a lot.
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As someone who spent their entire working life in finance - creative accounting is used quite extensively (see certain stockbrokers
) . What the movie and book industries do is some very creative costing, usually to the point that even they don't know if they make a profit on an item until either (a) they go broke or (b) they suddenly find themselves with a whopping great tax bill. Many years ago I did work for a publishing company in England. It was fun but I was appalled at how they ran their business, it was like living in a Tom Holt novel. (Or maybe Tome Holt worked there as well and got his ideas from the experience!) Perhaps it really was run by goblins.