A supposed blockbuster, Harry Potter And The Order Of The Phoenix starring Daniel Radcliffe and Emma Watson has racked up huge debt, according to a profit statement leaked recently.
The fifth movie in the hit franchise reportedly lost £110 million, despite making £619 million at the box office and news that the 2007 film has suffered these debts has shocked Hollywood, the Daily Star reported. It is the ninth highest grossing film of all time, experts say the figures, leaked to film industry blog Deadline, proved Hollywood is in an even worse state than feared. But others blamed “creative accounting” as the film was listed with costs of just £100 million. —PTI