The sorry state of streaming residuals shows why SAG and the WGA are striking.

    • Puzzle_Sluts_4Ever@lemmy.world
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      1 year ago

      Yeah… never trust any budgetary data coming out of “hollywood”. Hollywood Accounting is a thing and it mostly boils down to shifting expenditures and cooking the books to maximize profits for the studios while minimizing payouts for the talent.

      Just apply a bit of common sense here: Studios make money off of film releases. They have a few in the can, as it were, but are rapidly running out. The SAG+WGA strike means they can’t make any new releases (unless they were already set up to mostly be overseas production companies). You can argue that you are saving money for Q2 but Q3 is going to be a bloodbath.

    • grte@lemmy.ca
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      1 year ago

      You can’t take the company at their word on that. They’re in the middle of a labour action, of course they’re not going to go on about how much effect the strike is having on them, that’s counter to the goals of starving the other side out.

      And anyways, this is saving money in the sense that burning down one’s house will save money on rent.

    • just_change_it@lemmy.world
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      1 year ago

      If people aren’t doing work you aren’t paying them wages. So yes, sure, some company probably saved 100m in wages, benefits, etc. This is what they call bottom line savings. What i’d like to hear is how this affects their top line e.g. revenue. Only the combination matters and odds are this will have impacts on the top line in the next 18-36 months.