(1968)
Irwin GORDON & Felice S. Gordon, et al. v. COMMISSIONER OF INTERNAL REVENUE
This is a tax dispute case involving the investors who acquired US distribution rights to the 1968 movie ‘The Last Roman’ [aka. ‘Kampf um Rom’] starring Laurence Harvey and Orson Welles. The case from the tax court lists the actual financial information pertaining to the movie’s stateside sale. Below is a brief breakdown of the expenses related to ‘The Last Roman’:
The United States rights sold for $1,200,000, payable $280,000 in cash and a nonrecourse note in the amount of $920,000 payable from 20 percent of any proceeds that the distributor might collect (distributor gross).
The gross theatrical revenue was just $317.69
Read the full court report below for further information.