A community for those who want to end work, are curious about ending work, want to get the most out of a work-free life, want more information on anti-work ideas and want personal help with their own jobs/work-related struggles.
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Is there a better source for this than a graph on Facebook that adds up to 100.02%?
"Please note that the percentages in these pie graphs do not add up to 100% because the math was done by a woman.
For those of you hissing at that joke, it should be uh noted that that joke was written by a woman.
So, now you don't know what the hell to think, huh?
Nah, I'm just kidding. We don't hire women."
-Norm MacDonald, Weekend Update
I, too would like a source with a better breakdown.
But it's not surprising that a computer would round up when dealing with under 0.01% on a graph.
I'm guessing it's a rounding error with some of the entries being less than 0.01. Also it's twitter.
I would assume that all, or most of the 0.01% are actually less than that, but no one wanted to read a bunch of 0.007% on a pie chart.
In this thread: people who don't know the difference between revenue and profit.
I'm not trying to discredit the protests, they are completely valid, but this chart is meaningless for comparisons. The profits can be calculated and would be much more meaningful even if the numbers aren't perfect.
Hollywood accounting is notoriously untrustworthy, so any calculation of profit/loss is pretty suspect to me.
It's a pretty common tactic that they end up making "no money" on even huge films because of how they fudge the numbers.
That's why they are talking revenue here because it gets around the sketch accounting.
It may be true that it is difficult to accurately calculate the studio's profits however that does not change the fact that comparing worldwide revenue to individual costs provides no meaningful conclusions without knowing the rest of the costs. I agree that the writers and actors are being treated unfairly but the pie chart is obviously flawed.
Properly paying writers and actors are some of their expenses though, not random unrelated people that want money. Using revenue here makes sense to me.
Imagine that the studio makes a movie that uses a famous song, actor, or other piece of intellectual property that is very expensive but they know it will boost box office sales. They might spend $5 million on this IP and it might generate $6 million in additional revenue.
Now, some people look at the $6 million in revenue and ask where their cut is. Of course the studio doesn't actually have the $6m, they only have $1m after paying for the IP. Extrapolate this out for a whole movie.
This is why it doesn't make mathematical sense to compare your wage to revenue - it is ignoring business fundamentals. Instead we need to look at profit which already has all expenses subtracted out. Profit is where any additional compensation must come from, or the studio needs to cut expenses elsewhere.
Sure, so long as you're cutting all the expenses out of the revenue too, and not just union dues. The whole trick of this chart is to make pretend like writers, actors, etc are only getting 0.01% slices of the pie and the studio keeps the rest. When the actual actors (as opposed to the union itself) are going to be a big chunk of that revenue, as are the actual writers, editors, special effects, sets, costumes, etc, etc.
The point the chart is trying to make (I assume) is that if you're dealing with such a small part of the pie, it's not actually worth arguing over unless you're just being greedy.
If you gave all of those unions 100% compensation increases it would now be 0.06% of studio revenue. Tell me with a straight face you think that their margins are so tight that sharing up that percentage of revenue would suddenly make movies an unprofitable venture.
The question is however are they using real world accounting for that math, or Hollywood accounting?
They skew those numbers.
Agreed, but that doesn't make the pie chart valid. It makes zero mathematical sense to compare worldwide revenue to a single cost unless all other costs have been subtracted out first.
A customer, a writer and netflix sit around a table. On the table are 20 cookies. Netflix takes 19 and says "careful, customer, the writer wants your cookie!"
Wallstreet walks by and says, "Netflix, why do you only have 19 cookies. We expected you to have 22. Are you sick? Are you dying?" Wallstreet turns and yells to the room "Hey everybody! Netflix is looking sick so you may want to avoid them for awhile." Netflix sighs and passes customer a note "thanks for being a loyal customer. We will be raising our rates next month"
something I've never ever understood is why all the different unions are split up like this. Whenever strike talks come up it's "IATSE vs AMPTP" or "WGA vs AMPTP", etc. rather than a collective union of unions.
The producers figured it out and are united, why haven't the different unions done the same? I'm especially leary at this sort of thing after IATSE president Matt Loeb took a bum deal and threw everyone under the bus.
Unions are in essence the descendants of the old guild system. Guilds were trade organizations for specific craft and unions inherited this way of working.
aside from "this is the way they've always done it", I still don't understand why no change. Just one look at that greedy pie chart should be enough to see that the old system only serves one side.
It needs more time. Unions in the USA were busted before they reached this stage. Where I live, unions joined up until only the liberal, socialist and christian unions remained, what also corresponded to the multi party government system.
https://en.m.wikipedia.org/wiki/Taft%E2%80%93Hartley_Act
That may have something to do with it. IANAL, but I would imagine that they have to get approval to merge unions since they passed that law specifically to union bust
What do union totals mean? Is it the total revenues of members of this particular union? Or the union budget? What does it have to do with studios revenues? How do these totals + union revenues add up to 100%? 100% of what?
If they were trying to make a point, I'm not sure it went well
Revenue is kind of useless when discussing this, what are the profit margins?
Due to Hollywood's creative accounting, we'll never know what their true profit. For example, a hugely successful Return of the Jedi is technically not profitable despite earning $475 million at the box office against a budget of $32.5 million.