Posted on 02/14/2023 11:55:21 AM PST by dynachrome
On Monday, Showtime wiped out ten percent of its staff with a brutal round of layoffs, reports the far-left Deadline. More…
Monday started with a shock and awe campaign at Showtime as the exits of a slew of top executives were announced in short succession. By the end of the day, about 120 people in total had lost their jobs in the layoffs, sources confirm to Deadline. That represents more than 10% of the company’s workforce.
Leading the departures are Co-Presidents of Entertainment Gary Levine (who is segueing to an advisory role) and Jana Winograde as well EVP Nonfiction Vinnie Malhotra, COO and CFO Michael Crotty, EVP and General Counsel Rob Rosenberg and EVP Content Acquisition Kent Sevener.
The child predators at Disney just announced 7,000 layoffs.
Netflix recently wiped out hundreds of jobs.
Bye, Felicias!
(Excerpt) Read more at breitbart.com ...
learn to code, mofos!
Maybe now Hollywood will ditch the cult of Wokism. I’m probably wrong, though.
Lots of job openings at Restaurants and Fast food joints...
They’d best report any and all tips when starting their new careers.
“Maybe now Hollywood will ditch the cult of Wokism.”
Most of the problem is that there are too many streaming broadcasters.
Schadenfreude moment.
“Most of the problem is that there are too many streaming broadcasters.”
Yes, and the cause of that is they are all trying to be distributors of their own product. They are pursuing “vertical integration” like it’s still the 1990s when that is an obsolete business model already.
That was a viable model when we were still consuming media the way we had for all of the 20th century, and companies just wanted to streamline to retain more profits. But nobody is consuming media like that anymore. Nobody wants to have to pay $9.99, or more likely $19.99 a month now just to watch one tv show or movie they are interested in. They’ll just go to a pirate website instead, or borrow a friend’s password, etc.
What needs to happen is the same as what happened with music distribution. All tv shows and movies should be available on one or two streaming services, and you have access to all of them, regardless of who owns their copyright, just by paying one monthly fee. Then that service distributes the royalties based on what people actually watch.
Yes, this would mean a hit to revenue for the content producers just as it has in the music industry. But it’s the only type of model that has a chance to still be viable in today’s world, where you are basically relying on people wanting to be honest and not just go to a shady website where they can view everything for free.
napster didn't really last. But neither did Prodigy's idea about charging $1 an email, or my first cell phone that cost many dollars per call. Competition works.
Excellent news.
Showtime actually had an excellent documentary that really did speak truth to power (so rare these days) called “Nothing Lasts Forever” exposing the mixing of synthetic and natural diamonds in an undetectable way to gullible retailers and customers.
The diamond industry may have reached out and touched someone...
;-)
I never understood the purpose of Showtime. In the old days, HBO had the good movies. Cinemax had the soft core porn. And Showtime was the Rodney Dangerfield of cable channels.
“napster didn’t really last.”
But Spotify did. And so did Uber. Both of them started out bypassing the old systems that were obsolete, and doing it illegally, but because they were successful, they got away with a slap on the wrist. Eventually someone’s going to do the same for tv and movies.
“Competition works.”
Sure, and right now the competition to 20 different streaming services with high monthly rates and very low quality (in general) content is pirate sites that are free and coalesce all the best content in one place. The fact that the competition is breaking the law doesn’t mean that the industry can afford to ignore that this is in fact their greatest competitor at the moment.
So, sorry, but this is not a sign of anything. The entertainment biz has always been volatile.
“Yes, and the cause of that is they are all trying to be distributors of their own product.”
You must mean, like Netfix’s own productions. In the case of Netflix the only production of theirs I’ve watched is ‘The Crown’. To me the streamers provide things that they didn’t produce.
How did the music industry arrive at their distribution model? There must be winners with that model. Could it be that shady websites drove them to the model. The internet is certainly a game changer.
Actually, the music industry is not winning with the streaming model. I know a couple of guys in a successful rock band here (started in the 80’s - L.A. Guns) who have many albums under their belt. They only get something like .00035 cents per play on Spotify and Apple Music. I’ve seen a couple of their royalty statements before - $5.56 (for a month on Spotify) Touring doesn’t net a heck of alot either without a “sell out guarantee”, and they say the real money is in the merchandise - t-shirts, etc._sold at their shows.
I will never subscribe to Showtime. HBO either. I had my fill of them when they were premium cable channels. Part of cord cutting is getting rid of the premium channels.
The IRS is hiring.
“I’ve seen a couple of their royalty statements before - $5.56 for a month of spotify”
Well, if a band records a song once, that costs not too much. Then they put it out on the internet. I suppose that costs little. What should they expect in terms of pay for an amount of investment and work.
Some performers get lucky, or perhaps it’s their skills or persona, and make oodles of money doing their music, huh?
I know there’s much about the music business that know nothing about.
“You must mean, like Netfix’s own productions.”
Which they were forced to start producing because all the other content producers started clawing back their content to put on their own streaming services. That’s why you can’t watch Star Wars and Marvel movies on Netflix anymore, etc.
That’s not a model that is going to work. People won’t pay for 10 subscriptions to watch what they used to be able to watch with 1 subscription.
“How did the music industry arrive at their distribution model?”
Spotify just broke the law and started distributing all the music that anyone wanted to listen to for a reasonable fee. Ostensibly they claimed they would be paying royalties to the artists out of those fees but really what they were doing was totally illegal. However, they became so popular that the music industry decided it was better to negotiate with them for a piece of the pie rather than destroy them like napster.
“People won’t pay for 10 subscriptions”
What you’re telling us in interesting!
What if the one subscription costs $100. Ouch! All I want is older and foreign (British and Australian) content. Maybe a cheaper option for that stuff.
Amazon Prime which has picked up BritBox is in there now. I don’t see their streaming service disappearing.
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