This lawsuit goes to 11
- April 20, 2017
- Art De Vany, economics, via Bloomberg, April 20, 2017
One well-known progenitor of the theory of Hollywood failure is Arthur De Vany. In a paper published in 2004, De Vany, now professor emeritus in economics at the University of California at Irvine, blamed pervasive reported losses on studio overhead, distribution charges, and any number of cost allocations that he had trouble precisely quantifying.
For the full story, please visit https://www.bloomberg.com/news/features/2017-04-20/this-is-spinal-tap-s-400-million-lawsuit.