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Netflix is planning to raise prices… again (www.theverge.com)

submitted 1 year ago by Number1SummerJam@lemmy.world to c/technology@lemmy.world

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[–] paris@lemmy.blahaj.zone 1 points 1 year ago (1 children)

WGA Lays Out Costs Per Studio of Their $343 Million Increase to Contract (16 May 2023)

In a new chart, which can be viewed below, the WGA estimated how that $343 million breaks down on a studio-by-studio basis. It estimates that the proposed contract would cost Disney an additional $75 million, or less than 0.1% of its $82 billion annual revenue. It also estimates that Netflix would pay up an additional $68 million, or 0.2% of its $31.6 billion annual revenue.

[–] SolNine@lemmy.ml 1 points 1 year ago (1 children)

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.

[–] paris@lemmy.blahaj.zone 1 points 1 year ago (1 children)

0.2% of annual revenue

[–] SolNine@lemmy.ml 1 points 1 year ago

And we do realize that revenue is different from net profits correct?