JKKS085
Sidekick
- Joined
- Nov 14, 2005
- Messages
- 1,901
- Reaction score
- 291
- Points
- 73
Rebate is an amount of money repaid by way of reduction or refund for what has already been paid or contributed.
So if an electric toothbrush has a rebait offer, you pay the full amount at checkout at a store, and then you send in the barcode and rebate form to get back a partially refunded check of the amount. It's an incentive to buy the item, possibly at a certain store. So even though you paid full price on the item, with the rebate incentive, you get money back on the purchase.
So if the budget was closer to $233 million, then they still got a $36 million rebate on that budget probably for shooting on location in the UK. Certain countries or territories offer nice tax incentives or rebates to give big studios incentive to bring their big productions there, use local workers and talent and bring jobs to the region. It's one reason why a lot of big productions don't want to shoot in SoCal anymore. Because there's very little tax incentive to do so.
Thanks. GotG's production is whatever they paid minus tax rebates which bows down to a little under 200M. All the reported production budgets factor in tax rebates anyways. I don't know exactly why the Forbes article put so much emphasise on the pre tax rebate number. Maybe it makes for a better headline than a sub 200M pb compared to the originally reported 175M.


