While I understand the idea of shelving a movie and writing it off for for tax deductions, I don’t understand the advantage of writing off movie after movie after movie and irreparably damaging their movie brand in the process.
Hollywood is infamous for “Hollywood accounting”, where they make even wildly successful movies appear to have lost money, in order to stiff people who are owed a share of profits.
These same techniques can likely produce hugely inflated tax writedowns.