So it takes them longer to become profitable. Okay. They're still going to become profitable. Paying writers and actors nothings makes them never profitable and hurts the viewer and fellow worker. They can weather bad timing, people can't. Plus, there is enough money overweight at the top to make things more equitable.
This video is on the studio side. But they are the ones who invested so much money in streaming only to realise it is not as profitable as TV or DVDs or cinemas and are now crying poor.
So every 3 years the studios and script writers/ actors unions come together to re- negotiate their business models. Since 2012 up to the present, that was roughly about 3 to 4 table sessions where this situation could have been addressed sooner. I don't have all the answers because I am outside looking in and I am not in that industry. But it seems to me their unions should tightend ship and saw how it would get to this point for their union members years ago. I have a sneaky suspicion the studio owners forcasted long in advance how they could rake in huge profits at the expense of the silence of their counterparts, especially since viewer streaming was catching up to reg broadcast tv viewership and was beginning to outpace it. I am probably wrong. If so please enlighten me.
Even if streamers aren't profitable at the moment, these companies still make billions of dollars from all sorts of revenue. Especially now that big tech like Amazon and Apple (literally two of the wealthiest companies in the world) are in show business. I mean, David Zaslav alone makes over $200M a year, and WB has been doing pretty poorly since he took over. If anything, it would be infinitely easier for the studios to just give actors and writers what they're asking for (which is honestly quite reasonable) instead of delaying their movies and shows, which is going to cost them even more money in the long run. To quote Colin Farrell, greed turns the smartest people into the biggest fools.
I honestly think this is something that is has to happen. For how the industry was going on the recent years and also for how satured we all were with movies and series. It is good for the whole industry give itself a moment to wait and star thinking what are they doing wrong
Yes they can make less shows or the folks earning millions could take less. The other reason they're striking is because AI is currently unrestricted basically. I'd love to hear this broken down as well.
Need to also focus on the ppl at the top like Bob Eiger who gave an interview about the SAG strike from a retreat for billionaires they don't care since their paycheck won't decrease, they'll probably get a bonus
This video is biased. Streaming companies and studios feel the need to put distance between the outside world and their internal metrics. Why not just tell the curious public how each title is performing? Why? Because it allows the studios/services to control the narrative, so outsiders don’t really know the actual wins vs. losses around programming. Writers and actors do currently receive fixed residuals for their work on streaming services, but they are not tied directly to the success of a show. But the residuals should be tied to a shows success. That is one of the reasons to strike!
I’m all for their protest. But I do want to say most of these writers need to do better a job. Not even half of new media released the past 5 years are creative or compelling. And most that are, are from independent companies.
But who gets to pick which projects get made? It isn't the writers. All of the creative burnout of sequels and reboots is coming from producers and executives. Of course the independent stuff is more interesting! That's where writers actually get to tell good stories. Most producers won't allow for the risk of original stories. And, frustratingly enough, audiences are more likely to turn out for the thing they recognize than the original story that is actually good. Or at least, they have been in the past. This summer is definitely shaking up that truism.
@@lydia1634 there are plenty enough netflix, amazon, hbo, Apple “Originals”. They can mask the production any way they want, but story, character development, scripts are mostly bland. Not to mention adaptations that basically have 1:1 material yet still fail due to pretty much.. writing and lazy writing.
I'm perfectly fine with less writers and less actors and more AI. I don't want them jacking up the price of the streaming services that I subscribe to and they've already done that twice in the last two years.
So it takes them longer to become profitable. Okay. They're still going to become profitable. Paying writers and actors nothings makes them never profitable and hurts the viewer and fellow worker. They can weather bad timing, people can't. Plus, there is enough money overweight at the top to make things more equitable.
If streaming services are so unprofitable then why do these studios keep making billions of dollars for there executives and shareholders.
THEIR, for God's sake. THEIR executives, NOT THERE.
This video is on the studio side. But they are the ones who invested so much money in streaming only to realise it is not as profitable as TV or DVDs or cinemas and are now crying poor.
So every 3 years the studios and script writers/ actors unions come together to re- negotiate their business models.
Since 2012 up to the present, that was roughly about 3 to 4 table sessions where this situation could have been addressed sooner.
I don't have all the answers because I am outside looking in and I am not in that industry.
But it seems to me their unions should tightend ship and saw how it would get to this point for their union members years ago.
I have a sneaky suspicion the studio owners forcasted long in advance how they could rake in huge profits at the expense of the silence of their counterparts, especially since viewer streaming was catching up to reg broadcast tv viewership and was beginning to outpace it.
I am probably wrong.
If so please enlighten me.
Even if streamers aren't profitable at the moment, these companies still make billions of dollars from all sorts of revenue. Especially now that big tech like Amazon and Apple (literally two of the wealthiest companies in the world) are in show business. I mean, David Zaslav alone makes over $200M a year, and WB has been doing pretty poorly since he took over. If anything, it would be infinitely easier for the studios to just give actors and writers what they're asking for (which is honestly quite reasonable) instead of delaying their movies and shows, which is going to cost them even more money in the long run. To quote Colin Farrell, greed turns the smartest people into the biggest fools.
I honestly think this is something that is has to happen. For how the industry was going on the recent years and also for how satured we all were with movies and series. It is good for the whole industry give itself a moment to wait and star thinking what are they doing wrong
What?
what?
They are doing a lot wrong. Movies are so blasie and same old story lines and action sequences.
Yes they can make less shows or the folks earning millions could take less.
The other reason they're striking is because AI is currently unrestricted basically. I'd love to hear this broken down as well.
This was helpful. I don't know much about the strike but seeing it everywhere so this was informative for me.
Need to also focus on the ppl at the top
like Bob Eiger who gave an interview about the SAG strike from a retreat for billionaires
they don't care since their paycheck won't decrease, they'll probably get a bonus
This video is biased. Streaming companies and studios feel the need to put distance between the outside world and their internal metrics. Why not just tell the curious public how each title is performing? Why? Because it allows the studios/services to control the narrative, so outsiders don’t really know the actual wins vs. losses around programming. Writers and actors do currently receive fixed residuals for their work on streaming services, but they are not tied directly to the success of a show. But the residuals should be tied to a shows success. That is one of the reasons to strike!
It is very simple. The little man must bail out the rich corporations, heaven forbid they don't make instant money on everything they do.
This is well made showing studios perspective as well.
Also, it is expensive to live in Los Angeles.
This was a solid breakdown.
well said
Was this written and voice acted by AI? Where is the credit?
Down with AI in all Hollywood!!!!!!
I can't help feeling THIS EXPLANATION WAS SPONSORED BY THE STUDIOS. So disapponting, Variety.
So basically even if sag + wag get higher residuals it will take longer until studios streaming are profit.🙄 that’s a win- loss for for them
Soon the people working at Variety will be replaced by chatbots and let's face it, they'll produce better content.
support the strike
Shut it down I don't care for 6 months.
Because of UA-cam people who are self doing video and no one buy cd dvd people who are make video on phones so that why on strike
I’m all for their protest. But I do want to say most of these writers need to do better a job. Not even half of new media released the past 5 years are creative or compelling. And most that are, are from independent companies.
Ok.
But who gets to pick which projects get made? It isn't the writers. All of the creative burnout of sequels and reboots is coming from producers and executives. Of course the independent stuff is more interesting! That's where writers actually get to tell good stories. Most producers won't allow for the risk of original stories. And, frustratingly enough, audiences are more likely to turn out for the thing they recognize than the original story that is actually good. Or at least, they have been in the past. This summer is definitely shaking up that truism.
@@lydia1634 there are plenty enough netflix, amazon, hbo, Apple “Originals”. They can mask the production any way they want, but story, character development, scripts are mostly bland. Not to mention adaptations that basically have 1:1 material yet still fail due to pretty much.. writing and lazy writing.
I'm perfectly fine with less writers and less actors and more AI. I don't want them jacking up the price of the streaming services that I subscribe to and they've already done that twice in the last two years.