3 chapters across the catalog
Warner Bros. Discovery has canceled the $90 million "Batgirl" movie, opting for a tax write-off rather than a streaming release. CEO David Zaslav cited a lack of economic viability for high-budget streaming-only films, signaling an end to the era of "free money" in Hollywood.
Kraft Macaroni and Cheese Recall, Metal Contamination
Kraft has recalled 6.5 million boxes of its signature macaroni and cheese due to potential metal fragment contamination. The hosts speculate that the recall might be an accounting trick for a tax write-off near the end of the fiscal year. They discuss the popularity of the product as a "depression food" and joke about the nutritional value of the metal shards compared to the actual contents of the box.
BP Financial Results, Tax Breaks, Congressional Hearings
BP's second-quarter financial results show a 34% increase in revenue despite the Gulf oil spill. The hosts explain how a $33 billion write-off for the spill response resulted in a $10 billion tax break for the company. They also discuss the $20 billion escrow fund managed by Kenneth Feinberg, noting that the funds are likely to be deposited in major banks like Goldman Sachs rather than local institutions.
