Hollywood is on strike because CEOs fell for Silicon Valley’s magical thinking::Inspired by the success of Netflix, Hollywood studios pursued Silicon Valley-style hypergrowth with tactics borrowed from the likes of Uber and Lyft.
Hollywood is on strike because CEOs fell for Silicon Valley’s magical thinking::Inspired by the success of Netflix, Hollywood studios pursued Silicon Valley-style hypergrowth with tactics borrowed from the likes of Uber and Lyft.
Found this odd, anyone smarter than me care to offer opinions on why they wrote it this way?
“Yet Iger reportedly makes $27 million a year, while Netflix just raked in $1.5 billion in net profit in the last quarter.”
Why are they comparing a person to a company?
Shouldnt it be disney(3.19B last year) to netflix(1.5B last quarter), or Iger(27 million) to Reedings/Sarandos(35 mill each as co ceos)
*The numbers i used are from a quick google search where they arent taken from the article, please be kind if i found the wrong ones. I dont actually care about the numbers was just trying to match what the article did. Feel free to correct them for everyone elses benefit
I see it more as Disney’s CEO saying his company can’t afford to pay actors more, and yet they chose to pay him 27mil a year. That’s why his salary is relevant in the discussion.