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re: Only 20% of net proceeds benefit The Actors Fund
Posted by: ryhog 12:38 pm EST 03/13/21
In reply to: Only 20% of net proceeds benefit The Actors Fund - TheHarveyBoy 02:18 pm EST 03/12/21

I know this is a bit out of time, but let me offer a couple of thoughts. First, press releases are not written by accountants and it is entirely possible they mean something other than how you are interpreting it. (And even with accountants, "net" means different things, e.g., the net grosses we are all familiar with, the net proceeds available to producers and investors, etc etc etc.) Second, it could also be that some/most of the proceeds are going to be donated to other charities. In saying all of this, I emphasize that I know nothing. :-)
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