Latest in PricewaterhouseCoopers

The global entertainment business is in the midst of an “asymmetrical” recovery from the effects of the coronavirus pandemic, with box office one of the clearest indications of the pattern. According to a new forecast from PricewaterhouseCoopers, theatrical revenue won’t return to 2019 levels until 2024, though the…

In June, it emerged that the MPAA had hired an accounting firm to audit Middle Kingdom box office on a select number of films. This was the first time the Hollywood studios availed themselves of a clause in the longform agreement with China which gives them the ability to take their own look at the books. A report by…

The Academy of Motion Picture Arts and Sciences has decided to retain its longtime accounting firm PricewaterhouseCoopers, with the decision reached during a board of governors meeting last night. That had been the way the wind was blowing despite the historically epic fail at the end of last month’s Oscars, when the…

As of mid-Tuesday, officials at the Academy of Motion Picture Arts and Sciences were still reviewing Sunday night's Oscar debacle, when La La Land was mistakenly announced as Best Picture instead of Moonlight, and they were still considering possible fixes. An Academy spokeswoman declined to discuss the next steps…

Early Monday morning, a day after the 89th Academy Awards, Tim Ryan, U.S. chairman and senior partner of accounting firm PricewaterhouseCooper, made his rounds on the press circuit, apologizing for the Best Picture mistake. Now, after already releasing their first statement following the ceremony, a second official…

As the finger-pointing and mea culpas continue regarding last night’s Best Picture tragicomedy, the top U.S. exec at the Academy’s accounting firm was booked on CNN’s Anderson Cooper 360° tonight. Key word: “was.” PricewaterhouseCoopers U.S. Chairman and senior partner Tim Ryan, who had been making the media rounds…

PricewaterhouseCoopers took the blame last night for the unforgettable moment when La La Land was mistakenly named Best Picture instead of Moonlight. Now, the accounting firm that oversees the voting, adds that the gaffe was "a humor error." While La La Land producer Marc Platt was giving his acceptance speech…

UPDATE with PricewaterhouseCoopers statement: The Best Picture gaffe that marred tonight’s Oscar broadcast was caused by a doppelganger Best Actress envelope mistaken for the night’s final prize, which caused the unprecedented screw-up that temporarily bestowed the top trophy to La La Land instead of rightful winner Mo…