I find it funny how both Netflix and Amazon are just so good at burning money on mediocre shite nowadays. Amazon’s studio output has always been throwing obscene money at any pitch or stupid idea, but once upon a time when Netflix promoted their own shows, you just knew they were going to be worth watching.
It’d be fine, if both companies hadn’t ruined their products and laid off hundreds, if not thousands of people.
Technically, it isn’t burning any money, it’s all a tax write-off and they don’t necessarily have any profit to report to the IRS. The US Film Industry has always been like that: employ all your friends, keep the money flowing, buy nice houses for the shareholders and producers, then pull the rug on anybody who worked for “percent of net profit/earnings.” Hollywood accounting, they call it.
I find it funny how both Netflix and Amazon are just so good at burning money on mediocre shite nowadays. Amazon’s studio output has always been throwing obscene money at any pitch or stupid idea, but once upon a time when Netflix promoted their own shows, you just knew they were going to be worth watching.
It’d be fine, if both companies hadn’t ruined their products and laid off hundreds, if not thousands of people.
Technically, it isn’t burning any money, it’s all a tax write-off and they don’t necessarily have any profit to report to the IRS. The US Film Industry has always been like that: employ all your friends, keep the money flowing, buy nice houses for the shareholders and producers, then pull the rug on anybody who worked for “percent of net profit/earnings.” Hollywood accounting, they call it.
A lot less funny with all the context.