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That actually is a great way to bring up how miserably the Netflix model treats content creators. The $4 billion rich Netflix CEO says that artists should try
by hootbootscoot 6y ago
That actually is a great way to bring up how miserably the Netflix model treats content creators.
The $4 billion rich Netflix CEO says that artists should try harder if they don't want to starve (source, this same article we are discussing)
- zaroth 6y agoThe Netflix CEO is (mostly) rich due to equity holdings, a market value of future cash flow. Netflix’s actual cash on the other hand has actually gone nearly 100% of revenue to content creators — they actually have taken out quite a lot of debt in order to create their content, because they think they can ultimately earn money on it over time. But truly you should thank Netflix for ~$50 billion in content creation so far.
- KSteffensen 6y agoArticle quotes the Spotify CEO, not the Netflix CEO.