HBO’s Bad Bet on the Horses Proves Costly

May 2, 2012  •  Post A Comment

Having had to cancel the horse-racing drama "Luck" because of issues with the animals is carrying a hefty price tag for HBO — to the tune of $35 million, reports TheWrap.com.

The Dustin Hoffman-Nick Nolte gambling show was hailed by critics, but was plagued by issues involving the safety of horses involved in the show — with three of the animals dying during production. HBO pulled the plug on the program in March in part to protect the network’s reputation.

According to an earnings report issued today by Time Warner, the $35 million loss includes the costs of producing and promoting the series — expenses that could not be recovered. Time Warner spokesman Keith Cocozza blamed the early cancellation of the show for the loss.

He told the website, "We shut down the show before we could make any money on what was spent."

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