“The company now expects to exceed $1.7 billion in free cash flow for the third quarter of 2023, in part due to the strong performance of ‘Barbie’ as well as incremental impact from strike-related factors,” the entertainment giant says in a regulatory filing.
What these articles never talk about is the demands that actors and writers are making, and how paltry that pay raise would be in comparison to these losses.
The studios are being pennywise and pound-foolish, and pissing off the most valuable part of their industry, the talent.
I think part of the problem here is the news media and how the stories are framed.
The headline should be that obstinate companies refuse to share the profits and meet reasonable union demands, which will cost them millions.
These companies own the news media outlets.
Shows you whose side most of these news outlets are on. Once you see it, you can’t unsee the rampant, egregious anti labor bias in the news, or actually anywhere. Many people in the US have been effectively trained to hate unions and those striking. It’s just mind blowing to see how many people’s knee jerk reaction is siding against strikers.
Can’t rely on fake news on provide quality information. They are just daddy’s lap dogs shilling to us.
Workers must get educated, learn to read between the lines and act tin their own self interest and the working class… Anything less than that, slaves aint even trying to play the game.
Capital owners only speak language of profit so that’s how worker must speak to these lEAdErS.
ohh no! not enough!
Good. If an industry won’t compensate its workers properly, it should be burned to the ground, literally and metaphorically.
Me having stock from before the merge: I’m Never Gonna Financially Recover from This
