Why everyone lies about their movie’s budget

Posted on January 16, 2009 in Budgeting | 1 Comment

Patrick Goldstein of the Los Angeles Times delivers the shock of all shocks, people in Hollywood lie.

…The studio chief who made the movie gives you a low-ball number. The head of a rival studio, eager to make a competitor look bad, gives you a wildly inflated number. Most journalists have reported that Baz Luhrmann’s recent film, “Australia,” cost $130 million. 20th Century Fox insists that it cost less, saying it received a hefty subsidy from the Australian government, knocking $30 or so million off that figure. But every rival studio chief I spoke to about the film said with great authority, as if they’d seen a host of internal Fox documents, that the film cost $170 or $180 or $200 million, just to throw out the three different figures I got from three different executives.

— Los Angeles Times | Read The Full Article