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Posted: 7/16/2023 11:53:39 AM EDT
[#1]
Quote HistoryQuoted: I think many, like myself who bought Bud exclusively for decades have moved to another brand that they like more and will not be changing back. That brand "loyalty" has been destroyed and is not coming back. Quote HistoryQuoted: Quoted: "Fuck you, you heard me, bigot" OH! Oh, oh. So the ad was fine, but Fox News simply decided a boycott was needed and whoooooooooooooooooooooosh here we are.  (keep in mind, these same teleprompter millionaires who effectively don't work for a living, destroyed Joe the Plumber just for embarrassing Obama that one time.) [Chris christie] "...there it is..." The cope piece. This ^ fucking line is the one your dumbfuck in law peppers you with at the BBQ. "AKSHULLLLLLLLLLLLLLLLLLY THEY'RE STILL A TOP FIVE BEER" 2 months ago. Soooo fucking predictable. We've been memeing about it for fucking 10 pages, and they're literally doing it ?? Unironically, they're acting out the midwit meme. Wow.  Oh my god, my sides. https://media.tenor.com/G4c-lYbLPwMAAAAM/my-sides-achieved-orbit-laughing.gif They're reallly doing it, we parodied it for lulz for pages, and holy fuck they just cannnot help themselves  They HAD to throw that in there, "DEMENTIA MAN IS GUNNA WIN AGAIN YOU FUCKING BIGOT, FUCK YOU FOR BOYCOTTING REEEEEEEEEEEEEEEEEE" Keep this in mind if they're writing about, "The boycott is violating our precious normmmsss and people are losing jobs!" in a few months. (note: These same media hacktivists had zero problem with the blue state governors locking your business down and killing it forever.) Lmao, Fox news with 1/3rd the ratings in prime time is the ONLY factor, riiiight. I love they bury the damage after the declarative statements (opinion masquerading as fact) are made. "Nope nope nope Bud light is fine, Foxnews is bad mmmm'kay, Everyone agrees with our Agenda, ignore why Youngkin is now Governor of blue VA, stay in the cult." I really hope they continue to triple down, and we continue the boycott. Once it becomes the beer where, seeing the blue can means being peppered with comments, people won't want to be seen buying it or bringing it to parties. That is lasting damage. I think many, like myself who bought Bud exclusively for decades have moved to another brand that they like more and will not be changing back. That brand "loyalty" has been destroyed and is not coming back. yep. for me it was ultra. yeungling and shiner have been great replacements |
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Posted: 7/16/2023 12:00:46 PM EDT
[#2]
The real question is how do we replicate this with the next corporation that caters to chomos?
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Posted: 7/16/2023 12:02:10 PM EDT
[#3]
Quote HistoryQuoted: yep. for me it was ultra. yeungling and shiner have been great replacements I've been really liking the Yuengling Flight. Also the Lager is pretty damn good too. |
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Posted: 7/16/2023 2:05:43 PM EDT
[#4]
Quote HistoryQuoted: Aren't the Quarters: Jan, Feb, Mar Apr, May, Jun Jul, Aug, Sep Oct, Nov, Dec Quote HistoryQuoted: Quoted: Yeah, that one is an outright lie. I expect Q2 numbers to drop on the first Thursday in August. Those will reflect May-July sales. Aren't the Quarters: Jan, Feb, Mar Apr, May, Jun Jul, Aug, Sep Oct, Nov, Dec But yes, Q2 earnings for BL should reflect April-June assuming they operate on a gregorian calendar fiscal year. I dont remember exactly from their q1 release, honestly. And April was the month this really kicked off, so I imagine your point is that this Q2 release will truly reflect the entire impact of the boycott. Can't wait lol |
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Posted: 7/16/2023 2:26:34 PM EDT
[#5]
Quote HistoryQuoted: A local distribution company closed. They have been in business for decades. All routes taken over by someone else. Employees all gone and the building is up for sale. Seriously? Beer distributorships rarely ever fail and if they do its because they only represented limited brands with limited appeal in the market. Was the distributor an exclusive AB distributor because around here all the beer distributorships have many brands from different companies? If an AB distributor failed then that is very indicative of how bad the boycott has affected sales of Bud products. @rleonard Can you provide more details or maybe even a link to the article about the distributorship closing? |
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Posted: 7/16/2023 2:45:34 PM EDT
[#6]
Quote HistoryQuoted: Yep, my bad. My company's fiscal year starts in Feb so I had that in my head because I've been projecting out Q2-close financials the past week or two. But yes, Q2 earnings for BL should reflect April-June assuming they operate on a gregorian calendar fiscal year. I dont remember exactly from their q1 release, honestly. And April was the month this really kicked off, so I imagine your point is that this Q2 release will truly reflect the entire impact of the boycott. Can't wait lol Quote HistoryQuoted: Quoted: Quoted: Yeah, that one is an outright lie. I expect Q2 numbers to drop on the first Thursday in August. Those will reflect May-July sales. Aren't the Quarters: Jan, Feb, Mar Apr, May, Jun Jul, Aug, Sep Oct, Nov, Dec But yes, Q2 earnings for BL should reflect April-June assuming they operate on a gregorian calendar fiscal year. I dont remember exactly from their q1 release, honestly. And April was the month this really kicked off, so I imagine your point is that this Q2 release will truly reflect the entire impact of the boycott. Can't wait lol How long will it take them to run out of accounting tricks to hide the loses?  
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Posted: 7/16/2023 3:18:32 PM EDT
[#7]
They were exclusively an AB distributor. In business for a long time. Possible retirement of owner put into action by AB marketing disaster, but that is a guess.
I last saw trucks there about 6 weeks ago. Their website is gone. I know no other details other than several are interested in the building. An electrical supplier and others are interested in this facility according to the neighbor. The neighbor is interested as well. My search of local news articles came up empty. |
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Posted: 7/16/2023 3:54:10 PM EDT
[#8]
Quote HistoryQuoted: How long will it take them to run out of accounting tricks to hide the loses? Quote HistoryQuoted: Quoted: Quoted: Quoted: Yeah, that one is an outright lie. I expect Q2 numbers to drop on the first Thursday in August. Those will reflect May-July sales. Aren't the Quarters: Jan, Feb, Mar Apr, May, Jun Jul, Aug, Sep Oct, Nov, Dec But yes, Q2 earnings for BL should reflect April-June assuming they operate on a gregorian calendar fiscal year. I dont remember exactly from their q1 release, honestly. And April was the month this really kicked off, so I imagine your point is that this Q2 release will truly reflect the entire impact of the boycott. Can't wait lol How long will it take them to run out of accounting tricks to hide the loses? I've never dealt with the accounting around rebates so I'm just not sure how that piece works. However, my assumption is that they'll reflect their sales numbers as separate from their rebate liabilities. I.e. they're still going to show $XxM sales from those $14.99 cases where they offered a $15.00 rebate. Many (most?) people won't ever turn them in, and my assumption is AB forecasts an accrued rebate liability basis some historical rebate turn-in percentage. So the sales $ numbers this quarter will almost surely appear higher than we'd expect and hope for. They won't be able to disguise that part forever though, plus if they're really losing shelf space anywhere that'll begin to show up in future quarters as well, maybe even next year depending on how long of contracts the shelf space allocations work on. What I reaaaaally want to see is if they report unsold and returned/destroyed past-date product. So I'm still fingers crossed for an absolute bloodbath lol. |
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Posted: 7/16/2023 4:00:17 PM EDT
[#9]
Quote HistoryQuoted: When does this start to hit the farmers? Never? The customers Bud abandoned didn’t quit drinking beer. They moved to other brands that want them. Those beer makers are still going to need ingredients. |
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Posted: 7/16/2023 4:46:43 PM EDT
[#10]
Quote HistoryQuoted: They were exclusively an AB distributor. In business for a long time. Possible retirement of owner put into action by AB marketing disaster, but that is a guess. I last saw trucks there about 6 weeks ago. Their website is gone. I know no other details other than several are interested in the building. An electrical supplier and others are interested in this facility according to the neighbor. The neighbor is interested as well. My search of local news articles came up empty. Quote HistoryQuoted: They were exclusively an AB distributor. In business for a long time. Possible retirement of owner put into action by AB marketing disaster, but that is a guess. I last saw trucks there about 6 weeks ago. Their website is gone. I know no other details other than several are interested in the building. An electrical supplier and others are interested in this facility according to the neighbor. The neighbor is interested as well. My search of local news articles came up empty. Thanks! It is unheard of for an AB distributor to shut down. Normally, beer distributorships will sell well above market value due to almost guaranteed sales and good profit margins. In the past, an AB distributorship was like possessing a license to print money. That is a very telling sign of how much damage the boycott has caused. Quoted: Quoted: Quoted: Quoted: Quoted: Yeah, that one is an outright lie. I expect Q2 numbers to drop on the first Thursday in August. Those will reflect May-July sales. Aren't the Quarters: Jan, Feb, Mar Apr, May, Jun Jul, Aug, Sep Oct, Nov, Dec But yes, Q2 earnings for BL should reflect April-June assuming they operate on a gregorian calendar fiscal year. I dont remember exactly from their q1 release, honestly. And April was the month this really kicked off, so I imagine your point is that this Q2 release will truly reflect the entire impact of the boycott. Can't wait lol How long will it take them to run out of accounting tricks to hide the loses? I've never dealt with the accounting around rebates so I'm just not sure how that piece works. However, my assumption is that they'll reflect their sales numbers as separate from their rebate liabilities. I.e. they're still going to show $XxM sales from those $14.99 cases where they offered a $15.00 rebate. Many (most?) people won't ever turn them in, and my assumption is AB forecasts an accrued rebate liability basis some historical rebate turn-in percentage. So the sales $ numbers this quarter will almost surely appear higher than we'd expect and hope for. They won't be able to disguise that part forever though, plus if they're really losing shelf space anywhere that'll begin to show up in future quarters as well, maybe even next year depending on how long of contracts the shelf space allocations work on. What I reaaaaally want to see is if they report unsold and returned/destroyed past-date product. So I'm still fingers crossed for an absolute bloodbath lol. Yes, it will take a good bit longer than the Q2 numbers report before the complete view of the damage can be seen. The rebates will be accounted for under the tripled marketing budget that AB announced. That will keep those losses from showing up in sales numbers. There are probably a hundred other paper shuffles in play that are designed to hide the sales losses for as long as possible. While the Q2 and Q3 numbers will begin to indicate the damage, the year end numbers will be a better indication of how bad AB has been hurt. I don't expect Whitworth to be the US CEO for very long after the year end numbers come out, if he makes it that long. If the numbers are bad enough, global CEO Doukeris might be in trouble, too. |
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Posted: 7/16/2023 5:34:22 PM EDT
[#11]
Quote HistoryQuoted: I do have sympathy for BUD workers and their distributors. I just don’t have any money for their beer. I don’t. The AB InBev leadership saying “think of the workers!’ need to be asked “why didn’t you before you bowed to ESG?” |
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Posted: 7/16/2023 6:52:27 PM EDT
[#12]
Quote HistoryQuoted: Thanks! It is unheard of for an AB distributor to shut down. Normally, beer distributorships will sell well above market value due to almost guaranteed sales and good profit margins. In the past, an AB distributorship was like possessing a license to print money. That is a very telling sign of how much damage the boycott has caused. Yes, it will take a good bit longer than the Q2 numbers report before the complete view of the damage can be seen. The rebates will be accounted for under the tripled marketing budget that AB announced. That will keep those losses from showing up in sales numbers. There are probably a hundred other paper shuffles in play that are designed to hide the sales losses for as long as possible. While the Q2 and Q3 numbers will begin to indicate the damage, the year end numbers will be a better indication of how bad AB has been hurt. I don't expect Whitworth to be the US CEO for very long after the year end numbers come out, if he makes it that long. If the numbers are bad enough, global CEO Doukeris might be in trouble, too. Quote HistoryQuoted: Quoted: They were exclusively an AB distributor. In business for a long time. Possible retirement of owner put into action by AB marketing disaster, but that is a guess. I last saw trucks there about 6 weeks ago. Their website is gone. I know no other details other than several are interested in the building. An electrical supplier and others are interested in this facility according to the neighbor. The neighbor is interested as well. My search of local news articles came up empty. Thanks! It is unheard of for an AB distributor to shut down. Normally, beer distributorships will sell well above market value due to almost guaranteed sales and good profit margins. In the past, an AB distributorship was like possessing a license to print money. That is a very telling sign of how much damage the boycott has caused. Quoted: Quoted: Quoted: Quoted: Quoted: Yeah, that one is an outright lie. I expect Q2 numbers to drop on the first Thursday in August. Those will reflect May-July sales. Aren't the Quarters: Jan, Feb, Mar Apr, May, Jun Jul, Aug, Sep Oct, Nov, Dec But yes, Q2 earnings for BL should reflect April-June assuming they operate on a gregorian calendar fiscal year. I dont remember exactly from their q1 release, honestly. And April was the month this really kicked off, so I imagine your point is that this Q2 release will truly reflect the entire impact of the boycott. Can't wait lol How long will it take them to run out of accounting tricks to hide the loses? I've never dealt with the accounting around rebates so I'm just not sure how that piece works. However, my assumption is that they'll reflect their sales numbers as separate from their rebate liabilities. I.e. they're still going to show $XxM sales from those $14.99 cases where they offered a $15.00 rebate. Many (most?) people won't ever turn them in, and my assumption is AB forecasts an accrued rebate liability basis some historical rebate turn-in percentage. So the sales $ numbers this quarter will almost surely appear higher than we'd expect and hope for. They won't be able to disguise that part forever though, plus if they're really losing shelf space anywhere that'll begin to show up in future quarters as well, maybe even next year depending on how long of contracts the shelf space allocations work on. What I reaaaaally want to see is if they report unsold and returned/destroyed past-date product. So I'm still fingers crossed for an absolute bloodbath lol. Yes, it will take a good bit longer than the Q2 numbers report before the complete view of the damage can be seen. The rebates will be accounted for under the tripled marketing budget that AB announced. That will keep those losses from showing up in sales numbers. There are probably a hundred other paper shuffles in play that are designed to hide the sales losses for as long as possible. While the Q2 and Q3 numbers will begin to indicate the damage, the year end numbers will be a better indication of how bad AB has been hurt. I don't expect Whitworth to be the US CEO for very long after the year end numbers come out, if he makes it that long. If the numbers are bad enough, global CEO Doukeris might be in trouble, too. Blows my mind that Whitworth is still there now. If it was any other debacle than their tranny-worship religion he'd be long gone. Usually I prefer transcripts but I'm going to listen to the earnings call for this one. I expect most of the analysts to simp for that sweet tranny action but I'm hoping one or two actually do their jobs and go hard once the Q&A starts. |
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Posted: 7/16/2023 10:39:11 PM EDT
[#13]
Quote HistoryQuoted: The real question is how do we replicate this with the next corporation that caters to chomos? BL was vulnerable, I think, because the product was not that great to start with, and had to live on reputation ...? |
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Posted: 7/16/2023 10:39:34 PM EDT
[#14]
Quote HistoryQuoted: Blows my mind that Whitworth is still there now. If it was any other debacle than their tranny-worship religion he'd be long gone. Usually I prefer transcripts but I'm going to listen to the earnings call for this one. I expect most of the analysts to simp for that sweet tranny action but I'm hoping one or two actually do their jobs and go hard once the Q&A starts. Hmm, for those of us who don't normally listen to earnings calls or read transcripts, who don't follow this ^ particular lane How do you think this might go? The excuse-making on earnings calls part I mean
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Posted: 7/16/2023 10:44:41 PM EDT
[#15]
Quote HistoryQuoted: How long will it take them to run out of accounting tricks to hide the loses? Quote HistoryQuoted: Quoted: Quoted: Quoted: Yeah, that one is an outright lie. I expect Q2 numbers to drop on the first Thursday in August. Those will reflect May-July sales. Aren't the Quarters: Jan, Feb, Mar Apr, May, Jun Jul, Aug, Sep Oct, Nov, Dec But yes, Q2 earnings for BL should reflect April-June assuming they operate on a gregorian calendar fiscal year. I dont remember exactly from their q1 release, honestly. And April was the month this really kicked off, so I imagine your point is that this Q2 release will truly reflect the entire impact of the boycott. Can't wait lol How long will it take them to run out of accounting tricks to hide the loses? Have a read: https://en.wikipedia.org/wiki/Hollywood_accounting Snippets: Examples 1980s According to Lucasfilm, Return of the Jedi (1983), despite having earned $475 million at the box office against a budget of $32.5 million, "has never gone into profit".[7] Producers Michael Uslan and Benjamin Melniker filed a breach of contract lawsuit in Los Angeles County Superior Court on March 26, 1992. Uslan and Melniker claimed to be "the victims of a sinister campaign of fraud and coercion that has cheated them out of continuing involvement in the production of the 1989 film Batman and its sequels. We were denied proper credits, and deprived of any financial rewards for our indispensable creative contribution to the success of Batman."[9] A superior court judge rejected the lawsuit. Total revenues of Batman have topped $2 billion, with Uslan claiming to have "not seen a penny more than that since our net profit participation has proved worthless."[9] Warner Bros. offered the pair an out-of-court pay-off, a sum described by Uslan and Melniker's attorney as "two popcorns and two Cokes".[10] 2000s Gone in 60 Seconds (2000) grossed $240 million at the box office, but the studio declared a $212 million loss, primarily through Hollywood accounting as explained on NPR.[15] The real figure is likely closer to $90 million.[16] Stan Lee, co-creator of the character Spider-Man, had a contract awarding him 10% of the net profits of anything based on his characters. The film Spider-Man (2002) made more than $800 million in revenue, but the producers claim that it did not make any profit as defined in Lee's contract, and Lee received nothing. 2010s A Warner Bros. receipt was leaked online in 2010, showing that the hugely successful movie Harry Potter and the Order of the Phoenix (2007) ended up with a $167 million loss on paper after grossing nearly $1 billion.[27] This is especially egregious given that, without inflation adjustment, the Wizarding World film series is the third highest-grossing film series of all time both domestically and internationally, after Star Wars and the Marvel Cinematic Universe. I believe the answer is: just how sleazy the beancounters decide to be and how much they are allowed to get away with. ETA: I do not know if the beer companies are set up with shell corps and all the hollywood sleight of hand they use to hide the truth. |
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Posted: 7/16/2023 10:52:38 PM EDT
[#16]
Quote HistoryQuoted: Have a read: https://en.wikipedia.org/wiki/Hollywood_accounting Snippets: Examples 1980s According to Lucasfilm, Return of the Jedi (1983), despite having earned $475 million at the box office against a budget of $32.5 million, "has never gone into profit".[7] Producers Michael Uslan and Benjamin Melniker filed a breach of contract lawsuit in Los Angeles County Superior Court on March 26, 1992. Uslan and Melniker claimed to be "the victims of a sinister campaign of fraud and coercion that has cheated them out of continuing involvement in the production of the 1989 film Batman and its sequels. We were denied proper credits, and deprived of any financial rewards for our indispensable creative contribution to the success of Batman."[9] A superior court judge rejected the lawsuit. Total revenues of Batman have topped $2 billion, with Uslan claiming to have "not seen a penny more than that since our net profit participation has proved worthless."[9] Warner Bros. offered the pair an out-of-court pay-off, a sum described by Uslan and Melniker's attorney as "two popcorns and two Cokes".[10] 2000s Gone in 60 Seconds (2000) grossed $240 million at the box office, but the studio declared a $212 million loss, primarily through Hollywood accounting as explained on NPR.[15] The real figure is likely closer to $90 million.[16] Stan Lee, co-creator of the character Spider-Man, had a contract awarding him 10% of the net profits of anything based on his characters. The film Spider-Man (2002) made more than $800 million in revenue, but the producers claim that it did not make any profit as defined in Lee's contract, and Lee received nothing. 2010s A Warner Bros. receipt was leaked online in 2010, showing that the hugely successful movie Harry Potter and the Order of the Phoenix (2007) ended up with a $167 million loss on paper after grossing nearly $1 billion.[27] This is especially egregious given that, without inflation adjustment, the Wizarding World film series is the third highest-grossing film series of all time both domestically and internationally, after Star Wars and the Marvel Cinematic Universe. I believe the answer is: just how sleazy the beancounters decide to be and how much they are allowed to get away with. ETA: I do not know if the beer companies are set up with shell corps and all the hollywood sleight of hand they use to hide the truth. Quote HistoryQuoted: Quoted: Quoted: Quoted: Quoted: Yeah, that one is an outright lie. I expect Q2 numbers to drop on the first Thursday in August. Those will reflect May-July sales. Aren't the Quarters: Jan, Feb, Mar Apr, May, Jun Jul, Aug, Sep Oct, Nov, Dec But yes, Q2 earnings for BL should reflect April-June assuming they operate on a gregorian calendar fiscal year. I dont remember exactly from their q1 release, honestly. And April was the month this really kicked off, so I imagine your point is that this Q2 release will truly reflect the entire impact of the boycott. Can't wait lol How long will it take them to run out of accounting tricks to hide the loses? Have a read: https://en.wikipedia.org/wiki/Hollywood_accounting Snippets: Examples 1980s According to Lucasfilm, Return of the Jedi (1983), despite having earned $475 million at the box office against a budget of $32.5 million, "has never gone into profit".[7] Producers Michael Uslan and Benjamin Melniker filed a breach of contract lawsuit in Los Angeles County Superior Court on March 26, 1992. Uslan and Melniker claimed to be "the victims of a sinister campaign of fraud and coercion that has cheated them out of continuing involvement in the production of the 1989 film Batman and its sequels. We were denied proper credits, and deprived of any financial rewards for our indispensable creative contribution to the success of Batman."[9] A superior court judge rejected the lawsuit. Total revenues of Batman have topped $2 billion, with Uslan claiming to have "not seen a penny more than that since our net profit participation has proved worthless."[9] Warner Bros. offered the pair an out-of-court pay-off, a sum described by Uslan and Melniker's attorney as "two popcorns and two Cokes".[10] 2000s Gone in 60 Seconds (2000) grossed $240 million at the box office, but the studio declared a $212 million loss, primarily through Hollywood accounting as explained on NPR.[15] The real figure is likely closer to $90 million.[16] Stan Lee, co-creator of the character Spider-Man, had a contract awarding him 10% of the net profits of anything based on his characters. The film Spider-Man (2002) made more than $800 million in revenue, but the producers claim that it did not make any profit as defined in Lee's contract, and Lee received nothing. 2010s A Warner Bros. receipt was leaked online in 2010, showing that the hugely successful movie Harry Potter and the Order of the Phoenix (2007) ended up with a $167 million loss on paper after grossing nearly $1 billion.[27] This is especially egregious given that, without inflation adjustment, the Wizarding World film series is the third highest-grossing film series of all time both domestically and internationally, after Star Wars and the Marvel Cinematic Universe. I believe the answer is: just how sleazy the beancounters decide to be and how much they are allowed to get away with. ETA: I do not know if the beer companies are set up with shell corps and all the hollywood sleight of hand they use to hide the truth. Goddamn! You know it makes me wonder how much Disney Star Wars really lost
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Posted: 7/16/2023 10:55:17 PM EDT
[#17]
Quote HistoryQuoted: Hmm, for those of us who don't normally listen to earnings calls or read transcripts, who don't follow this ^ particular lane How do you think this might go? The excuse-making on earnings calls part I mean Quote HistoryQuoted: Quoted: Blows my mind that Whitworth is still there now. If it was any other debacle than their tranny-worship religion he'd be long gone. Usually I prefer transcripts but I'm going to listen to the earnings call for this one. I expect most of the analysts to simp for that sweet tranny action but I'm hoping one or two actually do their jobs and go hard once the Q&A starts. Hmm, for those of us who don't normally listen to earnings calls or read transcripts, who don't follow this ^ particular lane How do you think this might go? The excuse-making on earnings calls part I mean Different topic entirely but some examples: https://www.youtube.com/watch?v=RoSKgN-P5dE https://www.youtube.com/watch?v=NWeuCs7BJRE Or look up how elon has constantly over-sold the self driving feature in teslas, etc. There's stuff out there if you poke around. |
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Posted: 7/16/2023 10:57:24 PM EDT
[#18]
Quote HistoryQuoted: Goddamn! You know it makes me wonder how much Disney Star Wars really lost Quote HistoryQuoted: Quoted: Quoted: Quoted: Quoted: Quoted: Yeah, that one is an outright lie. I expect Q2 numbers to drop on the first Thursday in August. Those will reflect May-July sales. Aren't the Quarters: Jan, Feb, Mar Apr, May, Jun Jul, Aug, Sep Oct, Nov, Dec But yes, Q2 earnings for BL should reflect April-June assuming they operate on a gregorian calendar fiscal year. I dont remember exactly from their q1 release, honestly. And April was the month this really kicked off, so I imagine your point is that this Q2 release will truly reflect the entire impact of the boycott. Can't wait lol How long will it take them to run out of accounting tricks to hide the loses? Have a read: https://en.wikipedia.org/wiki/Hollywood_accounting Snippets: Examples 1980s According to Lucasfilm, Return of the Jedi (1983), despite having earned $475 million at the box office against a budget of $32.5 million, "has never gone into profit".[7] Producers Michael Uslan and Benjamin Melniker filed a breach of contract lawsuit in Los Angeles County Superior Court on March 26, 1992. Uslan and Melniker claimed to be "the victims of a sinister campaign of fraud and coercion that has cheated them out of continuing involvement in the production of the 1989 film Batman and its sequels. We were denied proper credits, and deprived of any financial rewards for our indispensable creative contribution to the success of Batman."[9] A superior court judge rejected the lawsuit. Total revenues of Batman have topped $2 billion, with Uslan claiming to have "not seen a penny more than that since our net profit participation has proved worthless."[9] Warner Bros. offered the pair an out-of-court pay-off, a sum described by Uslan and Melniker's attorney as "two popcorns and two Cokes".[10] 2000s Gone in 60 Seconds (2000) grossed $240 million at the box office, but the studio declared a $212 million loss, primarily through Hollywood accounting as explained on NPR.[15] The real figure is likely closer to $90 million.[16] Stan Lee, co-creator of the character Spider-Man, had a contract awarding him 10% of the net profits of anything based on his characters. The film Spider-Man (2002) made more than $800 million in revenue, but the producers claim that it did not make any profit as defined in Lee's contract, and Lee received nothing. 2010s A Warner Bros. receipt was leaked online in 2010, showing that the hugely successful movie Harry Potter and the Order of the Phoenix (2007) ended up with a $167 million loss on paper after grossing nearly $1 billion.[27] This is especially egregious given that, without inflation adjustment, the Wizarding World film series is the third highest-grossing film series of all time both domestically and internationally, after Star Wars and the Marvel Cinematic Universe. I believe the answer is: just how sleazy the beancounters decide to be and how much they are allowed to get away with. ETA: I do not know if the beer companies are set up with shell corps and all the hollywood sleight of hand they use to hide the truth. Goddamn! You know it makes me wonder how much Disney Star Wars really lost You'll notice that the better pundits and analyists on box office returns always mention when they are using official numbers and when they are not and state when they're having to speculate. People who count beans seem to be amazingly competent at lying and hiding stuff. If anything, the way DS9 portrayed the ferengi accounting and business practice may be an understatement. |
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Posted: 7/16/2023 11:28:52 PM EDT
[#19]
Quote HistoryQuoted: Have a read: https://en.wikipedia.org/wiki/Hollywood_accounting Snippets: Examples 1980s According to Lucasfilm, Return of the Jedi (1983), despite having earned $475 million at the box office against a budget of $32.5 million, "has never gone into profit".[7] Producers Michael Uslan and Benjamin Melniker filed a breach of contract lawsuit in Los Angeles County Superior Court on March 26, 1992. Uslan and Melniker claimed to be "the victims of a sinister campaign of fraud and coercion that has cheated them out of continuing involvement in the production of the 1989 film Batman and its sequels. We were denied proper credits, and deprived of any financial rewards for our indispensable creative contribution to the success of Batman."[9] A superior court judge rejected the lawsuit. Total revenues of Batman have topped $2 billion, with Uslan claiming to have "not seen a penny more than that since our net profit participation has proved worthless."[9] Warner Bros. offered the pair an out-of-court pay-off, a sum described by Uslan and Melniker's attorney as "two popcorns and two Cokes".[10] 2000s Gone in 60 Seconds (2000) grossed $240 million at the box office, but the studio declared a $212 million loss, primarily through Hollywood accounting as explained on NPR.[15] The real figure is likely closer to $90 million.[16] Stan Lee, co-creator of the character Spider-Man, had a contract awarding him 10% of the net profits of anything based on his characters. The film Spider-Man (2002) made more than $800 million in revenue, but the producers claim that it did not make any profit as defined in Lee's contract, and Lee received nothing. 2010s A Warner Bros. receipt was leaked online in 2010, showing that the hugely successful movie Harry Potter and the Order of the Phoenix (2007) ended up with a $167 million loss on paper after grossing nearly $1 billion.[27] This is especially egregious given that, without inflation adjustment, the Wizarding World film series is the third highest-grossing film series of all time both domestically and internationally, after Star Wars and the Marvel Cinematic Universe. I believe the answer is: just how sleazy the beancounters decide to be and how much they are allowed to get away with. ETA: I do not know if the beer companies are set up with shell corps and all the hollywood sleight of hand they use to hide the truth. And why his character was killed off at the end. |
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Posted: 7/16/2023 11:29:14 PM EDT
[#20]
Quote HistoryQuoted: BL was vulnerable, I think, because the product was not that great to start with, and had to live on reputation ...? Quote HistoryQuoted: Quoted: The real question is how do we replicate this with the next corporation that caters to chomos? BL was vulnerable, I think, because the product was not that great to start with, and had to live on reputation ...? They sold because of the brand, nothing else. Branding 101, they won the battle in the consumers mind. They killed the brand. Pure brand suicide. This will be taught in school the same way “new Coke” is for decades. |
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Posted: 7/16/2023 11:39:58 PM EDT
[#21]
Quote HistoryQuoted: Honestly it'll take a little while longer than this Q2 to get a real picture, I'm guessing anyway. I've never dealt with the accounting around rebates so I'm just not sure how that piece works. However, my assumption is that they'll reflect their sales numbers as separate from their rebate liabilities. I.e. they're still going to show $XxM sales from those $14.99 cases where they offered a $15.00 rebate. Many (most?) people won't ever turn them in, and my assumption is AB forecasts an accrued rebate liability basis some historical rebate turn-in percentage. So the sales $ numbers this quarter will almost surely appear higher than we'd expect and hope for. They won't be able to disguise that part forever though, plus if they're really losing shelf space anywhere that'll begin to show up in future quarters as well, maybe even next year depending on how long of contracts the shelf space allocations work on. What I reaaaaally want to see is if they report unsold and returned/destroyed past-date product. So I'm still fingers crossed for an absolute bloodbath lol. Sales are still down 30% by volume though. That's a blood bath. |
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Posted: 7/16/2023 11:42:33 PM EDT
[#22]
Quote HistoryQuoted: Yesterday I bought a Bud Light.  85 yo FIL that's an old school yankee democrat went to lunch with us and ordered a Bud Light. I drank two Yunglings to counter his one Bud Light. But I was teasing him the entire time. Told the wife to lock up her makeup when we get home. He got up from the bar stool and could hardly walk. Told him it's because he needs his high heels. |
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Posted: 7/16/2023 11:45:58 PM EDT
[#23]
Quote HistoryQuoted: This is why Jack Nicklson got paid a % of gross ticket sales, for being in the first Batman movie. And why his character was killed off at the end. Quote HistoryQuoted: Quoted: Have a read: https://en.wikipedia.org/wiki/Hollywood_accounting Snippets: Examples 1980s According to Lucasfilm, Return of the Jedi (1983), despite having earned $475 million at the box office against a budget of $32.5 million, "has never gone into profit".[7] Producers Michael Uslan and Benjamin Melniker filed a breach of contract lawsuit in Los Angeles County Superior Court on March 26, 1992. Uslan and Melniker claimed to be "the victims of a sinister campaign of fraud and coercion that has cheated them out of continuing involvement in the production of the 1989 film Batman and its sequels. We were denied proper credits, and deprived of any financial rewards for our indispensable creative contribution to the success of Batman."[9] A superior court judge rejected the lawsuit. Total revenues of Batman have topped $2 billion, with Uslan claiming to have "not seen a penny more than that since our net profit participation has proved worthless."[9] Warner Bros. offered the pair an out-of-court pay-off, a sum described by Uslan and Melniker's attorney as "two popcorns and two Cokes".[10] 2000s Gone in 60 Seconds (2000) grossed $240 million at the box office, but the studio declared a $212 million loss, primarily through Hollywood accounting as explained on NPR.[15] The real figure is likely closer to $90 million.[16] Stan Lee, co-creator of the character Spider-Man, had a contract awarding him 10% of the net profits of anything based on his characters. The film Spider-Man (2002) made more than $800 million in revenue, but the producers claim that it did not make any profit as defined in Lee's contract, and Lee received nothing. 2010s A Warner Bros. receipt was leaked online in 2010, showing that the hugely successful movie Harry Potter and the Order of the Phoenix (2007) ended up with a $167 million loss on paper after grossing nearly $1 billion.[27] This is especially egregious given that, without inflation adjustment, the Wizarding World film series is the third highest-grossing film series of all time both domestically and internationally, after Star Wars and the Marvel Cinematic Universe. I believe the answer is: just how sleazy the beancounters decide to be and how much they are allowed to get away with. ETA: I do not know if the beer companies are set up with shell corps and all the hollywood sleight of hand they use to hide the truth. And why his character was killed off at the end. IIRC this is also why lucas took a % off the toy sales and was considered a genius for doing so. |
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Posted: 7/17/2023 12:25:36 AM EDT
[#24]
My local Kroger usually has zero to four 12-packs of Yuengling Flight in the cooler and none stacked up outside the cooler. This is massive progress: a full endcap on the snack aisle with the AB products behind the Flite.
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Posted: 7/17/2023 6:03:09 AM EDT
[#25]
Quote HistoryQuoted: My local Kroger usually has zero to four 12-packs of Yuengling Flight in the cooler and none stacked up outside the cooler. This is massive progress: a full endcap on the snack aisle with the AB products behind the Flite. https://i.imgur.com/cGx0nZJ.jpg
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Posted: 7/17/2023 7:52:58 AM EDT
[#26]
@FlashMan-7k
Compliments to the OP. Great thread management and not dropping the ball. It's a joy reading this a couple of times a day and getting up-dated information as well as your perspective. Many threads fade due to OP ADD. You are full of good research and timely posts. Thanks. |
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Posted: 7/17/2023 11:13:19 AM EDT
[#27]
Quote HistoryQuoted: Hmm, for those of us who don't normally listen to earnings calls or read transcripts, who don't follow this ^ particular lane How do you think this might go? The excuse-making on earnings calls part I mean Quote HistoryQuoted: Quoted: Blows my mind that Whitworth is still there now. If it was any other debacle than their tranny-worship religion he'd be long gone. Usually I prefer transcripts but I'm going to listen to the earnings call for this one. I expect most of the analysts to simp for that sweet tranny action but I'm hoping one or two actually do their jobs and go hard once the Q&A starts. Hmm, for those of us who don't normally listen to earnings calls or read transcripts, who don't follow this ^ particular lane How do you think this might go? The excuse-making on earnings calls part I mean IME sometimes you'll hear some mildly pointed questions but the suits almost always have a canned answer and usually tap dance around rather than giving hard guidance even when there's no explosive political element. I'm hoping for really tough questions and some fireworks and lost tempers this time, but I've never seen or heard of anything like this entire scenario so I have no clue how hard the analysts will push. I'm just guessing they will mostly be PC unfortunately. But fingers crossed! |
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Posted: 7/17/2023 11:41:03 AM EDT
[#28]
Quote HistoryQuoted: IIRC this is also why lucas took a % off the toy sales and was considered a genius for doing so. Then Lucas got greedy and inserted the ridiculous, toy friendly, fuzzy midgets in episode 6. 
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Posted: 7/17/2023 11:48:17 AM EDT
[#29]
https://dailycaller.com/2023/07/17/bud-light-sales-july-4th-holiday/
Bud Light sales suffered a major decline over the July 4th holiday weekend as the boycott against the brand continues, industry data shows. Bud Light sales plunged by 23.6% in the one week period ending July 8th compared to 2022 levels, according to Nielsen IQ dollar sales data provided to the Daily Caller by Bump Williams Consulting. In the four week period ending July 8th, Bud Light sales dropped by 27.1% as the consumer boycott against Bud Light continues. ... Budweiser, another Anheuser-Busch brand, saw a 6.6% drop in sales in the week ending July 8th and a 10.7% drop in the four week period ending July 8th, the sales data shows. Rival beer brands Coors Light and Miller Lite had a 30.2% and 25.3% sales increase in the week ending July 8th. Modelo Especial had a 20.7% uptick in sales for the same time period.  |
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Posted: 7/17/2023 11:50:41 AM EDT
[#30]
Quote HistoryQuoted: Yup. Then Lucas got greedy and inserted the ridiculous, toy friendly, fuzzy midgets in episode 6. Quote HistoryQuoted: Quoted: IIRC this is also why lucas took a % off the toy sales and was considered a genius for doing so. Then Lucas got greedy and inserted the ridiculous, toy friendly, fuzzy midgets in episode 6. True, but I'd take them being in a movie over mary-sue perfection incarnate (nee delusional self insert) or crybaby laughable "sith lords" (who you could reduce to tears and uselessness by taking their binky away) and the intentional disrespectful subversion of characters any day. |
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Posted: 7/17/2023 11:52:50 AM EDT
[#31]
Quote HistoryQuoted: @FlashMan-7k Compliments to the OP. Great thread management and not dropping the ball. It's a joy reading this a couple of times a day and getting up-dated information as well as your perspective. Many threads fade due to OP ADD. You are full of good research and timely posts. Thanks. You have such a polite way of saying I have no life and am an obsessive dork.
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Posted: 7/17/2023 12:28:47 PM EDT
[#32]
Quote HistoryQuoted: You have such a polite way of saying I have no life and am an obsessive dork. Quote HistoryQuoted: Quoted: @FlashMan-7k Compliments to the OP. Great thread management and not dropping the ball. It's a joy reading this a couple of times a day and getting up-dated information as well as your perspective. Many threads fade due to OP ADD. You are full of good research and timely posts. Thanks. You have such a polite way of saying I have no life and am an obsessive dork.  Attached File |
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Posted: 7/17/2023 1:53:41 PM EDT
[#33]
Quote HistoryQuoted: You have such a polite way of saying I have no life and am an obsessive dork. Quote HistoryQuoted: Quoted: @FlashMan-7k Compliments to the OP. Great thread management and not dropping the ball. It's a joy reading this a couple of times a day and getting up-dated information as well as your perspective. Many threads fade due to OP ADD. You are full of good research and timely posts. Thanks. You have such a polite way of saying I have no life and am an obsessive dork. Hey nownow, I have the goalposts thread (in the "COVID Dungeon") I posted just for the sake of posterity one day. As the excuse-making accelerated I thought to myself, "okay there's no fuckin way I'm the only one noticing the promises change  ."Going on memory off the top of my head I put it out there, I had no idea it was going to have as much participation as it did. I had to add over time, etc So I say that ^ to say, I'm someone who tried his hand at a "moving topic" thread - and from an organizational standpoint and several other things too, my man I think you've absolutely executed better. Oh abso-fucking-lutely. The organization is amazing, commentary is great and spot on - you've done a very good job on the thread, and deserve the accolades and praise we're giving you.  It's an absolute masterclass |
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Posted: 7/17/2023 3:46:03 PM EDT
[#34]
Quote HistoryQuoted: Hey nownow, I have the goalposts thread (in the "COVID Dungeon") I posted just for the sake of posterity one day. As the excuse-making accelerated I thought to myself, "okay there's no fuckin way I'm the only one noticing the promises change ."Going on memory off the top of my head I put it out there, I had no idea it was going to have as much participation as it did. I had to add over time, etc So I say that ^ to say, I'm someone who tried his hand at a "moving topic" thread - and from an organizational standpoint and several other things too, my man I think you've absolutely executed better. Oh abso-fucking-lutely. The organization is amazing, commentary is great and spot on - you've done a very good job on the thread, and deserve the accolades and praise we're giving you. It's an absolute masterclass Quote HistoryQuoted: Quoted: Quoted: @FlashMan-7k Compliments to the OP. Great thread management and not dropping the ball. It's a joy reading this a couple of times a day and getting up-dated information as well as your perspective. Many threads fade due to OP ADD. You are full of good research and timely posts. Thanks. You have such a polite way of saying I have no life and am an obsessive dork. Hey nownow, I have the goalposts thread (in the "COVID Dungeon") I posted just for the sake of posterity one day. As the excuse-making accelerated I thought to myself, "okay there's no fuckin way I'm the only one noticing the promises change ."Going on memory off the top of my head I put it out there, I had no idea it was going to have as much participation as it did. I had to add over time, etc So I say that ^ to say, I'm someone who tried his hand at a "moving topic" thread - and from an organizational standpoint and several other things too, my man I think you've absolutely executed better. Oh abso-fucking-lutely. The organization is amazing, commentary is great and spot on - you've done a very good job on the thread, and deserve the accolades and praise we're giving you. It's an absolute masterclass |
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Posted: 7/17/2023 3:54:05 PM EDT
[#35]
Quote HistoryQuoted: My local Kroger usually has zero to four 12-packs of Yuengling Flight in the cooler and none stacked up outside the cooler. This is massive progress: a full endcap on the snack aisle with the AB products behind the Flite. https://i.imgur.com/cGx0nZJ.jpg I went to a couple liquor stores looking for Flight last week, they were both sold out. Found plenty at Tom Thumb around the corner from my work. ETA: I don't know if its sold outside of TX but Lone Star Light is also a delicious replacement for Bud Light. 
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Posted: 7/17/2023 3:59:51 PM EDT
[#36]
If I missed it, I apologize…..
WHEN is the earnings call and how can you listen? |
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Posted: 7/17/2023 5:38:52 PM EDT
[#37]
Quote HistoryQuoted: If I missed it, I apologize….. WHEN is the earnings call and how can you listen? InBev earnings call |
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Posted: 7/17/2023 7:12:46 PM EDT
[#38]
Quote HistoryQuoted: FlashMan, you have been Geralted. You are now in the company of some of the best social philosophers in ARFCOM. Quote HistoryQuoted: Quoted: Quoted: Quoted: @FlashMan-7k Compliments to the OP. Great thread management and not dropping the ball. It's a joy reading this a couple of times a day and getting up-dated information as well as your perspective. Many threads fade due to OP ADD. You are full of good research and timely posts. Thanks. You have such a polite way of saying I have no life and am an obsessive dork. Hey nownow, I have the goalposts thread (in the "COVID Dungeon") I posted just for the sake of posterity one day. As the excuse-making accelerated I thought to myself, "okay there's no fuckin way I'm the only one noticing the promises change ."Going on memory off the top of my head I put it out there, I had no idea it was going to have as much participation as it did. I had to add over time, etc So I say that ^ to say, I'm someone who tried his hand at a "moving topic" thread - and from an organizational standpoint and several other things too, my man I think you've absolutely executed better. Oh abso-fucking-lutely. The organization is amazing, commentary is great and spot on - you've done a very good job on the thread, and deserve the accolades and praise we're giving you. It's an absolute masterclass If I must be thrust unwillingly into such ...  For I have none to give. Only God does. |
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Posted: 7/17/2023 7:21:12 PM EDT
[#39]
Quote HistoryQuote HistoryQuoted: Quoted: If I missed it, I apologize….. WHEN is the earnings call and how can you listen? InBev earnings call Thank you for the link, added to OP. RN it says the call is scheduled for august 3rd, and there will be a webcast for non participants to listen along on. |
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Posted: 7/17/2023 9:03:26 PM EDT
[#40]
Quote HistoryQuoted: Thank you for the link, added to OP. RN it says the call is scheduled for august 3rd, and there will be a webcast for non participants to listen along on. Quote HistoryQuoted: Quoted: Quoted: If I missed it, I apologize….. WHEN is the earnings call and how can you listen? InBev earnings call Thank you for the link, added to OP. RN it says the call is scheduled for august 3rd, and there will be a webcast for non participants to listen along on. Buy a single share of InBev and you can join the call. No, I’m not saying to buy the stock. But if you’re a shareholder and want entertainment unfiltered… They’re a public company. Make sure you don’t let the brokerage proxy for you. |
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Posted: 7/17/2023 9:09:19 PM EDT
[#41]
Quote HistoryQuoted: Buy a single share of InBev and you can join the call. No, I’m not saying to buy the stock. But if you’re a shareholder and want entertainment unfiltered… They’re a public company. Make sure you don’t let the brokerage proxy for you. Quote HistoryQuoted: Quoted: Quoted: Quoted: If I missed it, I apologize….. WHEN is the earnings call and how can you listen? InBev earnings call Thank you for the link, added to OP. RN it says the call is scheduled for august 3rd, and there will be a webcast for non participants to listen along on. Buy a single share of InBev and you can join the call. No, I’m not saying to buy the stock. But if you’re a shareholder and want entertainment unfiltered… They’re a public company. Make sure you don’t let the brokerage proxy for you. You don't have to if you use the webcast link. |
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Posted: 7/18/2023 11:34:02 AM EDT
[#42]
Quote HistoryQuoted: How long will it take them to run out of accounting tricks to hide the loses? It'll be a while. They will have a LOT of help from many who think like them. The good thing is, just because they may hide a lot of the pain, doesn't mean it isn't being intensely felt. Keep hammering. When you have your boot on a throat and the enemy begins to really flail, push harder. 
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Posted: 7/18/2023 12:58:55 PM EDT
[#43]
Quote HistoryQuoted: It'll be a while. They will have a LOT of help from many who think like them. The good thing is, just because they may hide a lot of the pain, doesn't mean it isn't being intensely felt. Keep hammering. When you have your boot on a throat and the enemy begins to really flail, push harder. Quote HistoryQuoted: Quoted: How long will it take them to run out of accounting tricks to hide the loses? It'll be a while. They will have a LOT of help from many who think like them. The good thing is, just because they may hide a lot of the pain, doesn't mean it isn't being intensely felt. Keep hammering. When you have your boot on a throat and the enemy begins to really flail, push harder. AB has a lot of other brands besides BL. |
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Posted: 7/18/2023 2:25:03 PM EDT
[#44]
Quote HistoryQuoted: AB has a lot of other brands besides BL. "Every thousand-mile journey begins with a first step." |
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Posted: 7/18/2023 2:31:18 PM EDT
[#45]
Quote HistoryQuoted: These are large regional breweries. If you shut one down, several hundred people can't just go work for the competition whose brewery is hundreds of miles away. There is some overlap and some people are portable of course. But this is 100 percent the fault of the leadership in AB, not the consumer. Quote HistoryQuoted: Quoted: Quoted: There was a radio commercial this morning with various employees stating what they do for AB. It was a another pathetic attempt at creating sympathy. I chuckled as I listened. Let. Them. Burn.   I really don't understand the "support the employees" angle. Those employees can easily go work for a competitor, they are growing. But this is 100 percent the fault of the leadership in AB, not the consumer. Blame me for picking the wrong thing to do at the worst possible time to do it? Nah, motherfuckers…blame you. Blame you and reap what you’ve sowed. |
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Posted: 7/18/2023 3:50:41 PM EDT
[#46]
Quote HistoryQuoted: AB has a lot of other brands besides BL. Absolutely. Many of them are feeling pain, as well. Not as much as BL, of course, but it is substantial, and encouraging. |
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Posted: 7/18/2023 4:17:26 PM EDT
[#47]
Have they fired that Bitch of Marketing yet? As a “frat boy”, I gotsta’ know
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Posted: 7/18/2023 4:53:51 PM EDT
[#48]
Quote HistoryQuoted: AB has a lot of other brands besides BL. Doesn't matter. AB is too big to take down. While it is great that some are boycotting all AB brands, the downfall of Bud Light is enough to send the message- and that is exactly the purpose. |
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Posted: 7/18/2023 5:03:25 PM EDT
[#49]
Quote HistoryQuoted: I believe corona is owned by AB. Try yuengling flight if available Quote HistoryQuoted: Quoted: Yep, I switched my keto beer from mic ultras to Corona premiers. Fuck AB. Spuds is rolling in his grave. RIP. I believe corona is owned by AB. Try yuengling flight if available Modelo Sol is a low carb beer. No, Modelo is not AB. |
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Posted: 7/18/2023 5:27:25 PM EDT
[#50]
Quote HistoryQuoted: Doesn't matter. AB is too big to take down. While it is great that some are boycotting all AB brands, the downfall of Bud Light is enough to send the message- and that is exactly the purpose. Quote HistoryQuoted: Quoted: AB has a lot of other brands besides BL. Doesn't matter. AB is too big to take down. While it is great that some are boycotting all AB brands, the downfall of Bud Light is enough to send the message- and that is exactly the purpose. AB Inbev has more than 500 brands so it would be exceptionally hard to put them out of business worldwide, but many of those brands were purchased for a premium during the last decade or so. That means the Inbev has to keep the cash coming in to service the debt load for those purchases. If enough cash isn't coming in, Inbev may have to start selling off some of the slower moving and/or less profitable brands. Iger has put one third of Disney up for sale in an effort to sell off enough subsidiaries to raise cash to keep their core products intact. Keep at it! It is working but it takes a considerable bit of time to cause long term damage to these massive corporations. Taunt anyone you see drinking Bud Light and inform as many people as you can to make them aware that buying other Inbev brands is just as bad as buying BL. The power of the purse is real and we are about to see it in action on a scale that has never been seen before. |
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