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Harry Potter Film Made a Billion Dollars and/or No Money at All

Harry Potter and the Order of the Phoenix, the fifth installment in the series, made $938 million at the box office, which, according to a Warner Bros. accounting statement was good enough to lose the studio $167 million dollars! Say what? Strangely, this is not a sign of terrible money management, so much as a sign of penny pinching. The seriously creative accounting that went into the statement ensures that no one who was supposed to get money from the film's net profits (as opposed to, say, the film's gross) gets any — because there are no net profits! Just a $167 million "deficit." See, numbers can be magic too! [Deadline]

Photo: Warne Bros.