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HBO Max Is Trying to Save on Residuals
David Bianculli is a tenured finance professor at Loyola Marymount University in Los Angeles. He's constantly calling up Hollywood execs and asking them to spill the beans about the industry's latest financial machinations. The Tax Right Off Theory by David: HBO Max is trying to also save on residuals. Residuals are fees that a television network has to pay a show's cast and crew every time the program is run more than once.