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Meaning of Hollywood accounting | Babel Free

Noun CEFR B2

Definitions

A form of creative accounting practiced by the entertainment industry that reduces reported profit in order to reduce owed royalties and taxes.

uncountable

Examples

“Supposedly, it also avoids “Hollywood accounting,” whereby a film generates a fortune in ticket sales but never shows a profit for the producer who sank millions into it.”

CEFR level

B2

Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.

See also

Hollywood bed Hollywood bookkeeping Hollywood cerise Hollywood ending Hollywood flat Hollywood hustler