(1971)
LORNE GREENE AND NANCY GREENE v. COMMISSIONER OF INTERNAL REVENUE
This is a tax dispute case involving the investors who acquired US distribution for the 1971 movie ‘Ten Days Wonder’ starring Anthony Perkins and Orson Welles. The case from the tax court lists some actual financial information pertaining to the movie — including revenue that the film earned, distribution and marketing expenses and other distribution financials. Below is a brief breakdown of the expenses related to ‘Ten Days Wonder’:
US/Canada rights (plus a few small unspecified offshore markets) were sold for $2,250,000
Distribution expenses in 1973 were $104,091.83 and $111,578 in 1974.
Gross receipts for 1972 through 1976 totaled $60,778
Read the full court report below for further information.