Part 12/15:
Silt and Reed argue that the lack of transparency from major studios like Disney is not just a corporate issue but a systemic one that harms investors, creators, and taxpayers. Their meticulous analysis of filings in the UK reveals a pattern of overstated production costs, deferred expenses, and hidden losses that obscure the true financial health of these entertainment giants.
This opaque financial reporting, compounded by elaborate tax credit manipulations, may create the illusion of profitability where there is none. The long-term viability of blockbuster franchises, especially in a market with declining box office sales and increasing piracy, remains uncertain.