Friday, May 15, 2015

Profits

Top to bottom, really no surprises.

... Disney's film entertainment segment netted $1.7 billion on revenues of $7.2 billion. ...

NBCUniversal notched $711 million in profit on $5 billion in revenue – the second best ratio in Hollywood. ...

21st Century Fox earned $1.5 billion on revenue of $10.3 billion. ...

Warner Bros. pocketed $1.2 billion in profit from $12.5 billion in revenue. ...

Maybe the fat profits explain why entertainment labor unions eked out 2 1/2% and 3% wage increases this time around, an improvement over the 2% bumps from three years ago.

Or maybe it was some kind of religious conversion, a spasm of conscience, some desire to see economic justice done.

Naaaw.

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