Comments by "Maxwell Benz" (@Tential1) on "CNBC" channel.

  1. 1
  2. 1
  3. 1
  4. 1
  5. 1
  6. 1
  7. 1
  8. 1
  9. 1
  10. 1
  11. 1
  12. 1
  13. 1
  14. 1
  15. 1
  16. 1
  17. 1
  18. 1
  19. 1
  20. 1
  21. 1
  22. 1
  23. 1
  24. 1
  25. 1
  26. 1
  27. 1
  28. 1
  29. 1
  30. 1
  31. 1
  32. 1
  33. 1
  34. 1
  35. 1
  36. 1
  37. 1
  38. 1
  39. 1
  40. 1
  41. 1
  42. 1
  43. 1
  44. 1
  45. 1
  46. 1
  47. 1
  48. 1
  49. The other companies are new. This was done a long time ago. It's a past relic. It's arguably not helpful either. The workers could have asked for wage increases a long time ago if they didn't have to wait for contract renewals. They could have asked RIGHT when profits went up. However, they had to wait til this contract renewal, and now, they want pay rises, right when the profits are disappearing, as the companies are forced to make EVs, and they can't make them profitably. I mean, Ford earnings reports are hilarious. They always revise their forecasts for worse losses. It's similar with Hollywood, although Hollywood signed the deal (But the deal let's them do fewer workers for shorter shows, and well, I don't know if these Hollywood writers pay attention to the freaking investor reports, but Netflix and us investors said we are ONLY paying 19B a year for TV shows/Movies. No more. So if they want 40% pay rises, no problem. We are gonna make less content. Like bruh, it's our company, we put our money up, if you want to run the company, you go buy the shares and pray you don't lose your money. Until then, we choose). But Hollywood was making record profits, now, they are literally losing money, and they signed this union deal. So sure, you can demand more pay and get the deal, but if we aren't making money lol, we're gonna make changes. Disney, Warner, Paramount, etc. no one is making money, it's kinda hilarious. Except Netflix. They finally became cash positive by a billion (Spend 19B on content, 3-5B on management/other costs, to barely make 1 billion dollars profit, you want to invest your money and risk it? Please, join us).
    1
  50. 1