1740
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 12 Aug 2023
1740 points (98.5% liked)
News
23301 readers
1192 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS
Fwiw, the title is intentionally skewed and wrong. I'm not saying writers shouldn't be upset because they should, but it is making the situation look much worse than it is.
The six original writers were paid $3K each in streaming residuals last quarter for Season 1.
Suits was added to Netflix on June 17th where it streamed for three billion minutes in a single week, June 26 to July 2. Using Nielsen numbers, it streamed for about five billion minutes on Netflix during Q2. Previously it was on Peacock and we don't have the streaming data for that, but we can assume that it wasn't anywhere as much. Using the most recent data through July 16, it was seen for a total of 12.8 billion minutes.
Streaming services also doesn't pay residuals based on minutes watched, but based on a complicated formula.
Suits episodes are 42 minutes long, meaning the base annual residual is $10,034. Netflix US has more than 150M subscribers, so the subscriber factor is 150%. Their initial streaming residual payment would be $15K per episode.
However, that is just the initial payment Netflix needs to make. Subsequent payments for the actual streaming rights per year are adjusted down. This is the first year on Netflix so the residual factor is 45%. This makes the base annual payment $7,448.
Now, the show was on Netflix for 14 days during the last quarter, making their Q2 residual $286. WGA also imposes a 1.5% union due plus $25 per quarter. This brings the payment per episode down to $256.