Disney is removing original content from its streaming platforms to cut spending on residual payments to writers and actors. The company is also claiming the purge will result in $1.5 billion in losses — which could amount to a substantial tax break.
A big part is there’s apparently nothing requiring them to disclose streaming numbers
So it’s like how trump does his taxes. They just claim whatever benefits th in the moment. So as a “loss” it’s worth a shitton, but as a “profit” it’s worth nothing.
It’s why actor/writer residuals are so shit, the billion dollar companies do t have to tell anyone how much it actually costs or makes.
Regulators and investors are behind the curve in regard to entertainment technology. Big business is taking advantage of everything not written into an ironclad contract.
Their big move upcoming is offloading as much as they can from D+ to Hulu, because if the contract only discusses streaming on D+ than there are no royalties to pay through Hulu.