this post was submitted on 28 Dec 2023
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News

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The world’s largest traditional entertainment companies face a reckoning in 2024 after losing more than $5 billion in the past year from the streaming services they built to compete with Netflix.

Disney, Warner Bros Discovery, Comcast and Paramount—US entertainment conglomerates that have been growing ever larger for decades—are facing pressure to shrink or sell legacy businesses, scale back production and slash costs following billions in losses from their digital platforms.

“TV advertising is falling far short, cord-cutting is continuing to accelerate, sports costs are going up and the movie business is not performing,” he said. “Everything is going wrong that can go wrong. The only thing [the companies] know how to do to survive is try to merge and cut costs.”

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[–] AllonzeeLV@lemmy.world 38 points 10 months ago* (last edited 10 months ago) (3 children)

"You will pay out the ass for cheap to produce, incoherent, patronizing 'Reality' garbage, because you don't deserve more, and you will be grateful."

-capitalists

Hey, fun fact: capitalists and pirates are natural enemies. ☠️ Yo ho ho.

[–] LinkOpensChest_wav@lemmy.dbzer0.com 12 points 10 months ago (1 children)

Capitalists and pirates.

One is a turpitudinous group of greed-mongers that engages in despicable acts, operating outside the bounds of all morality and civility, fueled by the pursuit of stolen wealth and ill-gotten gains, preying on innocents, not above committing the most heinous acts of violence against their very brethren for the slightest sliver of filthy gold.

The other are pirates.

[–] AllonzeeLV@lemmy.world 8 points 10 months ago* (last edited 10 months ago) (2 children)

Pirates are at least honest in intention. "Give us yer shit or we take it by the means at our disposal!"

Capitalists lie like breathing when it comes to their intent. It's literally about getting more than the person accross the table. Many of them lie to themselves about this to feel honest. They call their greed and lack of integrity "rational self-interest" 🤣

[–] Chreutz@lemmy.world 2 points 10 months ago

Insert Jack Sparrow's monologue about honest and dishonest men from the first PotC.

[–] YoBuckStopsHere@lemmy.world 8 points 10 months ago

Pirates were very democratic and shared the loot. Capitalists kept to to themselves and gave little to their employees.

[–] theherk@lemmy.world 1 points 10 months ago

… and a bottle of rum.