Cord cutting, streaming losses and the 'terrifying math' driving the writers strike | CNN Business

The writers say they can’t afford to live under the current economics and pay structure of the industry, with fewer job opportunities on many shows and lower pay for many writers who do find work. There are many successful, even award-winning, writers who are finding themselves unable to make a living at the profession anymore.

Streaming is clearly the future, but an economically difficult one. “They have a long way to go to figure out how to make these profitable ventures. It’s very challenging,” said David Mumpower, a media expert, chief content officer of Mickeyblog and co-host of the “Streaming into the Void” podcast. “It’s a reinvention of television. But it’s terrifying math,” he said. And he said that math is falling squarely on some very successful writers who are making $2,000 a month, when they can find work.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tuesday Morning is going out of business and closing all of its stores | CNN BusinessTuesday Morning is going out of business and closing all of its stores. It is the second major US home goods retailer to go bust in recent days.
Source: CNN - 🏆 4. / 95 Read more »

The Fed lifts rates by a quarter point | CNN BusinessThe Federal Reserve voted unanimously to raise interest rates by a quarter point Wednesday, the tenth rate hike since the central bank started its battle against inflation last March.
Source: CNN - 🏆 4. / 95 Read more »

What to expect from the Fed meeting | CNN BusinessFederal Reserve officials are expected to raise interest rates by a quarter point at the conclusion of their two-day policy meeting Wednesday, despite calls from some lawmakers and economists to tap the brakes to allow the ailing banking sector to rebalance.
Source: cnni - 🏆 326. / 59 Read more »