my theory on why #25 wasn't on the final cover
Throughout the entire movie we get the sense that negative #25 will not be shown to the audience. I still think this was true. When Walter barges into the exec meeting to give #25, we see what may have been the final cover that displayed “The End of Life”. Walter then asks Ted what is Life’s motto. Here is the exact quote…..
“Do you know our motto?”
“This thing that you do Ted where you come into a place and push people out? You should know that those people worked really hard to build this magazine. They believe in the motto.”
Forward to where they show us the published final cover and it displayed “Dedicated to the people who made it.” My theory is that the execs changed the cover based on Walter’s speech to Ted and didn’t use #25. Of course the argument then is how the execs got the photo of Walter for the final cover but that is another topic for debate.