Netflix is planning to raise prices… again
Netflix is planning to raise prices… again
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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)
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.
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.
0.2% of annual revenue
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.