The pirates are back - Anew study from the European Union’s Intellectual Property Office (EUIPO) suggest that online piracy has increased for the first time in years. In fact, piracy rates have bee…::We analyze a new study where the EUIPO suggests online piracy is on the increase within the European Union.
I was afraid I had misinterpreted that part of your comment, so apologies. I was thrown off a bit by “humans who make profits,” and in particular who you are referring to.
In my opinion, executive compensation is completely out of whack and perhaps the single most outright cause of wealth inequality. It would be unfair, however, not to acknowledge that when a public company is doing poorly, it does affect executive pay through the valuation of their stock, payout of their dividend or other equity based compensation. In principle, I think tying executive compensation with company performance isn’t a bad idea, but in reality overall comp is, well, just completely disproportionate.
That being said, even if the compensation was a fraction is what it is today and that cost reduction immediately went towards a lower monthly service fee, it would be nearly negligible. Operational costs of services like these are astronomical, where the majority share remains in content assets; in the case of Netflix this constitutes production, licensing and delivery.