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Beware Hollywood’s digital demolition: it’s as if your favourite films and TV shows never existed (www.theguardian.com)

submitted 2 years ago by thirdBreakfast@lemmy.world to c/selfhosted@lemmy.world

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Last June, fans of Comedy Central – the long-running channel behind beloved programmes such as The Daily Show and South Park – received an unwelcome surprise. Paramount Global, Comedy Central’s parent company, unceremoniously purged the vast repository of video content on the channel’s website, which dated back to the late 1990s.

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[–] Kalysta@lemm.ee 2 points 2 years ago (1 children)

It’s more for things like the batgirl movie that is finshed but will make more money in tax write offs to never release it. But if they lose ad revenue from removing a back catalogue, that may also let them post a loss and claim tax breaks.

[–] Ajen@sh.itjust.works 1 points 2 years ago

I'm not a CPA, but I don't think you can write off something that already made a profit. How would that even work, if companies were able to write off predicted ad revenue? They could make up any value and never have to pay any taxes at all.

I don't think write-offs have anything to do with them removing these episodes.