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.
Actors barely make any residuals from streaming, so this sounds like more magical “Hollywood accounting”.
Breaking up the studios to introduce more competition would help. The same company owns the production studio, the content, the streaming channel, the cable channel, and the broadcast channel. Some studios even own the cable lines, set top box, and/or internet connection. It’s ridiculous.