this post was submitted on 03 Oct 2023
1038 points (98.5% liked)
Technology
59402 readers
2816 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
This shouldn't really surprise anyone, the writers all finished striking for MORE MONEY. Services aren't free, content isn't free. Netflix hires a lot of writers and endless unionized people to make their shows and films. If we all want to be part of making society more equal it does infact come with higher costs for our selves, and I am perfectly fine with that.
You really bought into the entire PR material here. What makes you think the extra profits are going to go to staff? That never happens. Instead it grows the company profits so the shareholders gets richer.
Every company, specially in the US, are keeping their salaries low so the company can make higher profits.
Netflix profits last year was 3.5 billion dollars, and that was one of the bad years.
https://www.macrotrends.net/stocks/charts/NFLX/netflix/gross-profit
WGA Lays Out Costs Per Studio of Their $343 Million Increase to Contract (16 May 2023)
Oh ONLY 68 MILLION dollars, not to mention the ever increasing cost of living for all the other unionized cast and crew. I suppose they can totally just absorb those costs, or people should not get cost of living increases right... The company has a little over a 10% profit margin, which doesn't seem egregious to me.
And we do realize that revenue is different from net profits correct?
Love the down votes haha... I guess people don't want to actually pay for creators to make content. I don't think the average person has any idea how much content creation costs, nor how time consuming it is.