The difference is the $500m loss will continue to accrue and continue into 2024 so long as the strikes continue, while that $47m will stay relatively constant.
And that $47m may be yearly, but that’s $47m out of their $500m+ earnings, per year.
That’s still like a 5% hit in just a few months. That’s going to increase the longer this goes on, and its going to accelerate as they start to run out of projects at the end of the pipelines.
$500m out of a $10b profit is 5% loss. It it gets up to $1b out of $10b, then that’s a 10% loss. I’m not sure you can say that’s not irrelevant. These businesses are losing tons of money.
It’s more of a comment on the production companies saying they came afford to meet strikers’ demands yet can report numbers like that to their shareholders.
And also it’s out of principle, same reason why the Federal Government will move Earth and Heaven when someone evades their taxes, no matter how little.
Taxes are set in laws and lawmakers are elected representatives.
So they are enforcing rules, that the people agreed on. The equivalent of that for private businesses would be a union contract. Which is the thing WB is denying the workers.
Forgetting of course that that $47m / year will result in the retention and addition of top talent which will itself likely result in higher studio profits.
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The difference is the $500m loss will continue to accrue and continue into 2024 so long as the strikes continue, while that $47m will stay relatively constant. And that $47m may be yearly, but that’s $47m out of their $500m+ earnings, per year.
I think they are estimating profit of 10-13 billion this year unless that figure was revenue. 500 and 47 million aren’t even that relevant
That’s still like a 5% hit in just a few months. That’s going to increase the longer this goes on, and its going to accelerate as they start to run out of projects at the end of the pipelines.
$500m out of a $10b profit is 5% loss. It it gets up to $1b out of $10b, then that’s a 10% loss. I’m not sure you can say that’s not irrelevant. These businesses are losing tons of money.
It’s more of a comment on the production companies saying they came afford to meet strikers’ demands yet can report numbers like that to their shareholders.
And also it’s out of principle, same reason why the Federal Government will move Earth and Heaven when someone evades their taxes, no matter how little.
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Taxes are set in laws and lawmakers are elected representatives.
So they are enforcing rules, that the people agreed on. The equivalent of that for private businesses would be a union contract. Which is the thing WB is denying the workers.
Lol, ok
Forgetting of course that that $47m / year will result in the retention and addition of top talent which will itself likely result in higher studio profits.