Corporations: hey guys, let’s unionize so the government doesn’t exploit us.
Employees: hey, can we als…
Corporations: NO.
Can’t wait for this bullshit to get denied because writers/actors are already striking.
Well it’s not employees want the corporations to have unionized, but they just have less power to do anything about it
I didn’t say the employees wanted corporations to unionize or not. The joke was corporations interrupting employees asking if they can also unionize.
I didn’t imply you wanted it
Just call it what it is: bribing power
Pretty sure it’s more or less a cartel at this point.
every pirate related theme song getting increasingly louder in the background
I just bought 16 TB to expand my media server :)
You must have a lot of Linux ISO backups. Doing your part to preserve open source software history.
I have a feeling part of their plan is to sink all the pirate ships.
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If watching One Piece has taught me anything, it’s that if you try and kill a pirate all that happens is you make better pirates.
It sounds terrible but I still love it
Yar har, fiddle de dee Being a pirate is alright to be Do what you want 'cause a pirate is free You are a pirate!
ALESTORM INTENSIFIES
streamers are currently being forced to reckon with their profitability — or lack thereof.
Netflix’s 2023 2nd quarter revenue: 8.1 billion dollars BTW
Brace yourself for a tidal wave of corporate apologists rushing to point out that “revenue isn’t profit!,!”
The number you’re looking for is $1.49 billion in net income for Q2 2023.
See? Clearly not profitable, need more ads
What’s that? You want to share your four-screens-at-a-time account with three other people outside your house?
Fuck you, pay us more.
Profit is the portion of revenue that is stolen from workers and given to shareholders. Profit is bad. Revenue is good.
Unless you use that revenue to do stock buybacks, then it’s not considered profit but you still get to steal it from the workers. That way you can cry about unprofitability while all your shareholders and c suites crank up the exploitation of workers and consumers chasing “profitability” until the business collapses.
Which is crazy, right? If a stock sale allows an investment in a business, a stock buyback should be a paying off of that debt, freeing more revenue in the future to be used explicitly to pay workers who generate that revenue. How the fuck that is justified in instead enriching the value of other investments still held by other investors shows the selective use of the analogy by corporate interests and that the whole house of cards is just bullshit.
For the most part, it’s not given to the shareholders, either. Dividends are pretty rare these days (which is when stocks largely went from being an ownership investment to - mostly - a form of gambling)
Anybody can look these numbers up. I’m not sitting on some secret Bloomberg terminal LOL
Then why only mention revenue?
Because fuck Netflix, nobody believes for a minute they’re not profitable and couldn’t afford to pay writers and actors.
Shareholders: “that’s where you’re wrong, bucko”
I didn’t realize people can’t do a 10 second google search on their own. 🙄
Net income isn’t the whole story anyways, especially when this article points out that one of their costs is lobbying for a cause that isn’t necessary. They’re raking in billions of dollars every year.
“just Google it, bro” is never a source.
Not my fault you aren’t capable of typing 4 words into a search engine.
It’s not a ‘source’, bud.
🙄
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I didn’t realize people can’t do a 10 second google search on their own.
You specifically chose to quote a sentence about profit and then provide a number that is not profit. What was the point of commenting at all if the number you provided had no relevance?
My quote:
streamers are currently being forced to reckon with their profitability — or lack thereof.
profitability
Your misinformed quote:
You specifically chose to quote a sentence about profit
profit
There’s a very important difference there that I think you’re not built to understand.
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I’m not a shill as far as I know. What if I agree with them that it would have made more sense to mention profit #? Do I instantly become a “shill” too? If so, where can I get my check?
…but it’s not. And I really think people either don’t understand that or they are intentionally misrepresenting the situation.
Being level-headed and fact-driven isn’t “corporate apologist”, it’s how you maintain integrity and don’t derail your own movement by being dishonest about shit that doesn’t even matter.
It’s like when Trump lies about his golf games. No one cares about his golf games but it makes you realize that if he’s willing to blatantly and badly lie about something so trivial, he’s probably also lying about absolutely everything else about him that might even remotely appear negative.
Plenty of people understand it, and some of them understand that profit is so malleable that it’s not really a useful measure of a company’s financial health. What really matters is how much they make over their essential production operational expenses. They can tailor their non essential expenses to seem as profitable or unprofitable as they want and use stock valuation tricks like buybacks to make money for shareholders regardless.
What does it matter if the company is profitable or unprofitable on paper when certain people can make lots of money off it either way? Twitter was “unprofitable” it’s entire life but somehow I bet the executives still got their bonuses, I doubt the shareholders were dissatisfied with their stock valuations or the buybacks, and it sure didn’t stop them from acquiring other companies.
Thank you for putting this more eloquently than I could. I must admit, I was losing my cool with people being irrational about this.
I don’t know if people are ignoring expense scaling and stock buybacks or purposely choosing to hide it.
On a tangent, and nothing to do with you, but I don’t like how these streaming companies are being called “streamers”. Streamers are those people streaming on twitch, not a company like Netflix damnit.
To be clear, revenue does not equal profit.
Net income doesn’t equal profitability either. Companies scale their costs, including stock buybacks, based on revenue. https://ycharts.com/companies/NFLX/stock_buyback
The slow march back to cable is unstoppable.
Pirate everything. Share everything.
Piracy is an access problem, not a consumer problem.
dismantle capitalism. I bet in like 24 years some disruptor is going to come along and buy up rights to the shit thats on peacock Hulu etc now and offer 9 bucks a month to stream it to you. rinse repeat. fuck this corpo nightmare.
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Not going to happen with Disney. They are lobbying to increase it even more than 100 years.
It turns out cable wasn't some unique product or way of doing things, it's just the natural form media delivery takes under capitalism. Streaming services are convergently evolving to take that shape too.
Get rid of them. Socialize their service. Host all content at media.gov and take costs out of taxes. We could pay artists more, have 0 ads, all for like $15 per paycheck. Those taxes would fund grants for artists and cover platform costs. No ads. No corporations.
P.S. you already pay taxes on media through various 3 letter institutions and licensing. It’s not different from what we have other than eliminating the things we all dont like.
Watch the video. Benn Jordan has done a lot of the heavy lifting for us. This lobby exists to stop that from ever happening and nothing more. Fight them to the death.
$15, that sounds like so much…now let me refuel my truck up and buy another beer.
How do we socialise these globally important services? Let’s say the Americans socialised all of the services we use heavily every day here in Europe. Netflix, Amazon, Disney, etc etc.
How will that affect our access to these now internal US National Services? How will it affect our rights and ability to take those services to court - now taking the US State to court instead, when they do something bad?
How does that increase my rights as a consumer, rather than stifle them?
You’re forgetting that the USA doesn’t live in a bubble. Other countries exist. This is a global issue.
Could they, instead, band together to offer a service that’s more user friendly than piracy? I suppose bribery is cheaper and easier.
They did, it was called Netflix.
Then the Netflix rates went up while everyone pulled and splintered content onto their own services and then started shuffling it around.
but muh maximum profits
It would be such a wonderful thing wouldn’t it? Now where was I again about profits and squeezing the customers?
Imagine not being able to force set the resolution and bitrate on your stream, even tho you pay for 4k. (Btw. Same goes for YT) Plex and jellyfin are just superior.
What do you mean same for YouTube? I can still set resolution? Is that changing?
What client do you use? I mostly use the iOS client and there they only give you the illusion of a choice: „higher quality“ and „lower quality“ maybe there are still clients which allow force set resolution/bitrate.
What you’re asking for is a monopoly. It rarely is cheaper or easier. Sometimes, when heavily regulated, it could be. But history shows most of these are eventually privatized and deregulated and then we know what happens.
Don’t put words in my mouth. Industries get together and set standards and form partnerships all the fucking time. It’s as much a “monopoly” as this lobbying project is.
It felt inevitable at some point this was going to happen after they got caught off guard by the strikes to make sure that it never happens again, but the fight is not over yet.
It’s more important than ever then for you guys to support the WGA and SAG-AFTRA strike, fight for workers, and fight for unions.
Otherwise, they’ll just keep squeezing and squeezing, until there is nothing left.
“Guillotine sales soar as citizens band together for lobbying power”
One can dream
Kind of lobbying I can get behind.
That’s cool, I’ve kicked them all to the curb over the past two years.
I like the way you think. Hoist that flag! 🏴☠️
Omg, it’s Limewire, I can’t believe it! I used you when I was a kid! Can I have your autograph!?
Checkout streamio
You’ll definitely stop paying these streaming giants.
Thanks, going to check this out.
Dude everything on that site was pay for or made you go different apps and pay subscription. Streamio is BS.
Streamio is not for regulars.
I’ll give you a hint- torrentio
Is it legal? I don’t want to go getting into illegal stuff
Illegal =/= immoral. Piracy is always justified in a capitalist dystopia.
Its still illegal. Don’t pretend your actions hold some sort of moral high ground. If you disagree with the law go change it.
I’m fine being on the low end of the moral scale “stealing” from the rich lol.
But why respect a stupid law that isn’t really enforced anyway?
You don’t have to respect any laws. That’s your progitive. However, don’t claim a moral high ground
I see what you’re getting at, but I think ‘moral high ground’ might not be the phrase you’re looking for.
Laws and morals are explicitly different. That’s why juries exist, so that a law may be put against the morals of a situation and the morals may prevail if need be.
Breaking the law isn’t necessarily immoral. It’s just illegal. So it isn’t like someone breaking the law is seeking to take the moral high ground in the first place, nor does that mean that someone who only ever follows the law always has the moral high ground. Lawful-evil does exist.
I mean, what kind of immoral bastard would let their donkey sit in a bathtub anyway?? https://americanbathfactory.com/blogs/news/crazy-bathtub-laws
Your argument falls though when you start personally benefiting from you pirated media. If you don’t want to support companies don’t watch or use there products and don’t give them your money
I don’t care about the moral high ground. Large corporations can go fuck themselves, seeing as they fuck us every day.
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Laws like the Kids Online Safety Act (KOSA), which features overly broad definitions of the platforms it targets and has troubling privacy implications thanks to surveillance requirements, could sweep companies like Netflix or Disney up into its dragnet.
Streaming companies are usually pro-net neutrality, and that’s been a difficult concept for lawmakers and regulators in DC to fully grasp.
For those that read just the headline. Not everything is black and white.
Every now and again, their interests align with the average person.
But make no mistake, the companies forming a coalition like this for one or two good causes won’t make up for the long term damage it will no doubt cause.
Incoming attempts to legislate recordless VPN bans and over the top piracy mitigation strategies instead of attempting to provide better services to their users
That’s called a cartel
Do what you want 'cause a pirate is free.
Yo ho.
Any port any storm.
Batten down the hatches! KEEP THAT POWDER DRY!
