Sunday, November 29, 2020

Tag: Why Are Wages So Low? Keith Weiner (24/09/2018)

Why Are Wages So Low? Keith Weiner (24/09/2018)

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by Keith Weiner, Sprott Money:

Last week, we talked about the capital consumed by Netflix—$8 billion to produce 700 shows. They’re spending more than two thirds of their gross revenue generating content. And this content has so little value, that a quarter of their audience would stop watching if Netflix adds ads (sorry, we couldn’t resist a little fun with the English language).

So it is with wry amusement that, this week, Keith heard an ad for an exclusive-to-Pandora series. The symptoms of falling-interest-disease are ubiquitous.