Capitalism's "values" illustrated in fight over profits for massively popular cable tv series.

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  • Don Lockman
    commented 2017-09-22 01:22:57 -0400
    A huge billion-dollar dispute has broken out between the creators of the super-profitable hit cable tv show, The Walking Dead, and the ownership of the AMC channel which features it.

    (Links to related articles will be at the end of this post.)

    I find it ironic that even when a large capital venture becomes hugely successful and profitable for all parties involved, the capital ownership-class still finds ways to cheat and deceive their way to more profits, even working against the very creative people who came up with the project in the first place. Talk about de-valuing labor!

    For many decades, some successful Hollywood productions have produced lawsuits against studio or channel owners who use creative accounting to deprive the originators of a theatrical film or tv series of their share of the profits.

    In the case of Walking Dead, the show’s creators’ allege, something called “Vertical Integration” was used by the AMC cable channel to deprive the show’s writers, producers and directors of as much as $1-Billion in profits earned by the show.

    This is just the latest chapter in a practice called, Hollywood Accounting, which even has it’s own Wikipedia page.

    Most people are aware of the constant struggle between ordinary wage-workers and business ownership for decent wages and fair working conditions.

    But this ongoing battle over fair distribution of profits is between very successful creative people who make films and television programs, and the top level of channel or studio ownership. Yet, the fight is just as ugly as any you might see between capital and labor.
    The only difference is the lawyers are much more expensive.

    Greed is clearly built into the very DNA of Capitalistic big-business ownership, and the struggle over fair compensation occurs both at modest salary levels, and at the top levels of success and power, as we can see in this Hollywood dispute.

  • Don Lockman
    published this page in Ask Prof. Wolff 2017-09-22 00:47:58 -0400