Kav
@kavan.bsky.social
Reposted by Kav
An endemic problem with American capitalism is how the vast majority of large investors and C-suite managers are incapable of envisioning any business model other than "I have an unregulated monopoly with low labor costs." When these plans fail, they have no idea what to do but cut labor costs more.
Gotta read btwn the lines but this story hints at an often overlooked issue: the new entertainment landscape wasn't inevitable. Studios chose to create it because Wall St told them it would be easy $. Now they say they can't afford to pay writers & actors more. Bitch you fucked up, you take the hit
In Hollywood, the Strikes Are Just Part of the Problem
The entertainment industry is trying to figure out the economics of streaming. It’s also facing angst over a tech-powered future and fighting to stay culturally dominant.
www.nytimes.com
July 16, 2023 at 12:23 PM
An endemic problem with American capitalism is how the vast majority of large investors and C-suite managers are incapable of envisioning any business model other than "I have an unregulated monopoly with low labor costs." When these plans fail, they have no idea what to do but cut labor costs more.