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#industryconsolidation

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PGA's Statement on Industry Consolidation:
"Producers are rightfully concerned about the potential sale or merger of our industry’s most storied and meaningful studios. For the last century, the entertainment industry has employed millions of Americans, delighted audiences, and showcased the very best of America at home and abroad. As we navigate these dynamic times of economic and technological change, our industry, together with policymakers, must find a way forward that protects producers’ livelihoods and promotes creativity and opportunities for workers and artists, choice for consumers, and freedom of speech. This is the test that potential mergers or sales of our legacy studios must pass. Within their vaults are more than content libraries – it’s the character and culture of our nation."

PGA's Statement on Industry Consolidation: "Producers are rightfully concerned about the potential sale or merger of our industry’s most storied and meaningful studios. For the last century, the entertainment industry has employed millions of Americans, delighted audiences, and showcased the very best of America at home and abroad. As we navigate these dynamic times of economic and technological change, our industry, together with policymakers, must find a way forward that protects producers’ livelihoods and promotes creativity and opportunities for workers and artists, choice for consumers, and freedom of speech. This is the test that potential mergers or sales of our legacy studios must pass. Within their vaults are more than content libraries – it’s the character and culture of our nation."

PGA's Statement on Industry Consolidation:
#producers #mediaconsolidation #industryconsolidation

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A chart depicting the relationship between productivity and a typical worker’s compensation from 1948 to 2014. From 1948 to 1974 the two metrics rose by similar percentages. From 1973 to 2014 productivity rose by 72.2% but hourly compensation only rose by 9.2%.

A chart depicting the relationship between productivity and a typical worker’s compensation from 1948 to 2014. From 1948 to 1974 the two metrics rose by similar percentages. From 1973 to 2014 productivity rose by 72.2% but hourly compensation only rose by 9.2%.

Many folks make that connection but fail to recognize the affect of #industryConsolidation . If we enforced antitrust laws we could control #inflation without needing high interest rates.

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*Began on Kickstarter, was acquired by Fitbit, which was acquired by Google. #industryconsolidation #oligarchy #hardware #software

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