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Description
Steven begins the interview talking about the rise in “gross” profits and the decline in “net” profits in the film industry. For the first two-thirds of the interview, Steven discusses a number of the factors involved in the gross to net profit equation, from the share of the gross profit that distributers and theater owners earn to the impact of output agreements and “print-and-ad” cost impact on net profits. In addition, he discusses the complex contractual law and accounting possesses—e.g., accrual and “revenue in”—that affect the gross to net equation. In the final third of the interview, Steven discusses his work as a film accountant and his perspective on the future of the film industry from the impact of “Video-On-Demand” on DVD sales to the changing attitude of the American government toward vertical integration in the film industry.
