Day2
Living Legend
- Joined
- Jul 7, 2015
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Some of the streaming services aren’t turning a profit…if you believe what the studios are reporting. It’s basically the fledgling streamers that aren’t profitable yet: Disney, Max, Peacock, Paramount. The more established streamers, Netflix and Hulu, do turn a profit. And there’s no way to know if Apple and Prime are turning a profit, because they’re not reporting anything.So streaming which is making no money almost anywhere needs to provide more money which means raise the rates and people are already cutting back on so many of them.
Of course, the CEOs of all of the above are making tens of millions of dollars every year. You’re falling into their trap when you argue that raising subscription rates and ticket prices are the answer.
Or screwing over writers and actors. Many of these people depend on residual checks as a source of income. The bulk of residuals come from video rentals/sales, syndication, and network deals. Streaming is taking that away. If you’re siding with the studios, you’re essentially calling for a pre-NIL college sports model in the world of entertainment.
The studios are using a loophole to exploit pre-existing agreements for their own greed. I don’t know how anyone can defend the studios and at the same time criticize the strike, when the actors and writers are trying to do the exact same thing as the execs: maximize their earnings.