We live in a capitalist dystopia

Pocket

jumbled pile of person
Citizen
Meanwhile I recently watched two movies on DVD that didn't even have any previews.
 

wonko the sane?

You may test that assumption at your convinience.
Citizen
Blockbuster never shoved midroll ads into my movies.
You'll note: blockbuster wasn't just dead; it was extinct, before they added midrolls to streams. They simply had to be better than "walking into a store and making a decision", until they could capitalism all over it and ruin it.
 

CoffeeHorse

Exhausted, but still standing.
Staff member
Council of Elders
Citizen
It's the only reasonable thing to do. They keep yanking the football.
 

Pocket

jumbled pile of person
Citizen
Streaming was never going to be sustainable long term. Giving people all the programming they can watch for a fraction of what they used to pay for cable, plus movies they used to have to rent or buy, with no commercials? It could only have ever been a rug-pull scheme.
 

wonko the sane?

You may test that assumption at your convinience.
Citizen
I mean... You could have said the same thing about cable back when: it didn't have commercials either at first. The idea was that you were already paying for it, so ads were unnecessary.

Maybe any form of large scale content distribution is just untenable.

Or the unending drumbeat of capitalism exists to suck the life and joy from everything.
 
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Anonymous X

Well-known member
Citizen
I remember first getting Netflix back in 2013 or 2014. Around the time when the House of Cards remake with (“cancelled actor”) was released. Used my Wii U to stream it, as I had a non-smart TV back then. It was amazing. No adverts, just like the BBC! But so much content, and it was 1080p, which still isn't a given on broadcast TV. No slop own-brand Netflix movies back then either. And it was dirt-cheap, and you could password share across households. It sort of was too good to be true, really. But, I also point but finger at all that money wasted on ‘premium’ series and films, most of which are awful. I realise they needed original content, but making so much of it coupled with minimal quality control, nah. That’s messed it all up.

I give it 18 months at most before Netflix or a major rival announces they are going to “offer” fully AI-generated films and series.
 

Pocket

jumbled pile of person
Citizen
So, little known fact in the history of US antitrust policy: There was a ruling in 1943 called the Paramount Decree that basically made it illegal for any company to own both a movie production company and a theater chain. The big movie studios were employing a vertical-integration model where if you wanted to see a Paramount film, you had to go to one of their theaters; if you wanted to see an MGM film, you had to go to one of their theaters, etc. and independent films basically had nowhere to be exhibited because all the theaters would only book films made by their parent companies. This put an end to that. Anyway, in 2018 it was decided that the DOJ would stop enforcing the policy, claiming that the danger of the old studio system popping back into existence was basically nil.

And yet, is that not exactly what the streaming model is doing? Every major distributor owns their own service, makes their content exclusive to that service, and refuses to carry any third party content on their service unless there's an exclusivity deal.

Anyway, let's add "revive the Paramount Doctrine and apply it to streaming services" to my list of hypothetical campaign pledges.
 

Ungnome

Grand Empress of the Empire of One Square Foot.
Citizen
While we are at it, force Comcast to sell off NBC Universal.
 

Pocket

jumbled pile of person
Citizen
Oh yeah, that's another thing, isn't it. I'm honestly not convinced the telecoms shouldn't just be nationalized outright and brought under the purview of the Post Office.
 

Rhinox

too old for this
Citizen
I do think that if we had a Supreme Court that wasn't less supreme than the Taco Bell menu, this could be the case that finally ends the 'shareholder supremacy' doctrine.
 

Pocket

jumbled pile of person
Citizen
Didn't this company just get in trouble with their shareholders for the exact opposite problem, because the CEO getting murdered was taken as proof that they're making too many enemies? Maybe the two groups of shareholders should just fight each other instead.
 

NovaSaber

Well-known member
Citizen
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CoffeeHorse

Exhausted, but still standing.
Staff member
Council of Elders
Citizen

Medium is not a serious outlet.

UnitedHealth isn't being sued for becoming slightly less anti-consumer (if they're even doing that to any meaningful extent yet). They're being sued for becoming slightly less anti-consumer but telling investors that their guidance wasn't changing.

The statements referenced in ¶¶ 31, 33, and 35 above were materially false and/or misleading because they misrepresented and failed to disclose the following adverse facts pertaining to the Company’s business, operational and financial results, which were known to Defendants or recklessly disregarded by them. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) UnitedHealth had, for years, engaged in a corporate strategy of denying health coverage in order to boost its profits, and ultimately, its share price; (2) this anti-consumer (and at times unlawful) strategy resulted in regulatory scrutiny (as well as public angst) against UnitedHealth, which ultimately resulted in the murder of Brian Thompson; (3) animus towards UnitedHealth was such that, subsequent to the murder of Mr. Thompson, many Americans openly celebrated his demise, expressed admiration for his accused killer, and/or otherwise demanded that UnitedHealth change its strategy even if they condemned Mr. Thompson’s killing; (4) the foregoing regulatory and public outrage caused UnitedHealth to change its corporate practices; (5) notwithstanding the foregoing, UnitedHealth recklessly stuck with the guidance it issued the day before Thompson’s murder, which was unrealistic considering the Company’s changing corporate strategies; and (6) as a result,Defendants’ public statements were materially false and/or misleading at all relevant times.

They eventually came clean and lowered their guidance, which made their stock take a nosedive, but the revision was based on information that was already obvious when they were doubling down on their old guidance. Anyone who bought in based on that old guidance has a claim here.

Not only is their insurance a scam, but it looks like their stock is a scam too.
 


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