For a moment, it seemed like the streaming apps were the things that could save us from the hegemony of cable TV—a system where you had to pay for a ton of stuff you didn’t want to watch so you could see the handful of things you were actually interested in.

Archived version: https://archive.ph/K4EIh

  • givesomefucks@lemmy.world
    link
    fedilink
    English
    arrow-up
    142
    ·
    1 year ago

    It sucks for consumers…

    It sucks for writers…

    It sucks for actors…

    It sucks for vfx workers…

    And the CEOs running the companies and making all the money claims it sucks for them too because after their last couple years of shit decisions, they’re making slightly less money.

    So maybe those shareholders should re-evaulte who their CEOs are?

    Maybe get rid of the people who killed the Golden Goose because they wanted to eat it?

    • Riyria@sopuli.xyz
      link
      fedilink
      English
      arrow-up
      26
      arrow-down
      2
      ·
      1 year ago

      If they’re not losing money, shareholders do not care. The end goal of a corporation is to maximize profits for the shareholders within the confines of the law. So until they start actually costing shareholders substantial amounts of money they will do nothing.

      • Semi-Hemi-Demigod@kbin.social
        link
        fedilink
        arrow-up
        15
        ·
        1 year ago

        The end goal of a corporation is to maximize profits for the shareholders within the confines of the law.

        And if the fine is greater than the profit, or they don’t get caught, that’s okay too.

        • Riyria@sopuli.xyz
          link
          fedilink
          English
          arrow-up
          5
          arrow-down
          1
          ·
          1 year ago

          Yep. It’s easier to just break the law, pay the fine, and continue making billions over actually stopping the activity that causes the fine. That’s what happens when it’s almost impossible to hold anyone actually personally responsible force actions of a corporation.

      • Corkyskog@sh.itjust.works
        link
        fedilink
        English
        arrow-up
        4
        ·
        edit-2
        1 year ago

        In a way it would be really nice if you couldn’t sell short term stocks and there were minimum holding periods of 1 to 3 years based on the company metrics. That alone would flip a lot of these quarterly incentives, heck quarterly earnings calls themselves would probably be less frequent. Even if you had to register the sale 6 months in advance would solve a lot in my opinion. But of course again, that would destroy the entire finance industry as we know it.