“It appears that the industry, in addition to suffering from concentration, is increasingly becoming an ‘extractive business model,’ where mergers often provide a one-time wealth transfer to shareholders based on cuts to operations and labor costs… The WGA comments filed with the FTC reflect that shift and how it entrenches studios’ power over workers, she said.”
https://news.bloomberglaw.com/antitrust/striking-hollywood-workers-flock-to-ftc-to-probe-consolidation
#ActorsStrike #WritersStrike #SAGAFTRAstrong #WGAstrong #UnionStrong
David August /
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2023-08-31 19:01:29
Author Public Key
npub1cva9dqhte2zplzwsn2f23g0p2c67xvue4m9m25qsmwfjclqmq8lspfghm6Published at
2023-08-31 19:01:29Event JSON
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