Monday, January 06, 2014

Robbing the producers to pay the political contributors---------Record Profits for Warner Bros. Doesn't Stop State From Giving Company Huge Subsidy

Record Profits for Warner Bros. Doesn't Stop State From Giving Company Huge Subsidy [Michigan Capitol Confidential]:
"While Michigan taxpayers prepare to dole out $35 million to Warner Bros. for the filming of the expected blockbuster Superman-Batman movie sometime early in 2014, the company could be in for record profits.
In 2012, Warner Bros. had an operating income — profits that exclude interest and income tax expenses — of $1.2 billion, according to The Hollywood Reporter.
That's about the same amount the state of Michigan gives in general fund dollars to higher education and community colleges."

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