Seth Rogen Blasts Streaming Firm CEOs’ ‘Insane Salaries’ Forward Of New Sequence On Apple TV+ – Apple (NASDAQ:AAPL)


Actor Seth Rogen has a brand new sequence coming to streaming platform Apple TV+ in Could. Regardless of his present relationship with the Apple Inc AAPL-owned streaming platform, Rogen didn’t maintain again in his feedback concerning the salaries of the streaming firm’s executives and secretive viewership figures.

What Occurred: Rogen and his co-stars of the upcoming Apple TV+ sequence “Platonic” celebrated the premiere of the sequence forward of its Could 24 launch. Nonetheless, the forged was fast to focus on the continuing writers’ strike, which started on Could 1.

“I’m personally distressed by not having any sense of how profitable these reveals and films we make for streaming companies are,” Rogen mentioned, as reported by Selection. “The secretiveness solely makes me suppose that they’re making far more cash off of all of us than they wish to share with anyone.”

Many streaming platforms don’t disclose viewership figures, together with Apple. Streaming big Netflix Inc NFLX, for instance, highlights its high 10 reveals and films every week, together with the variety of minutes watched.

“These executives are making insane salaries that you’d solely make in case you are working an extremely worthwhile enterprise,” Rogen mentioned. “Thank God for these labor unions and their capability to drive these gigantic companies who banded collectively to drive down the wages of employees to really do one thing each every now and then and act pretty and equitably.”

“Platonic” co-star Rose Byrne, whose sequence “Bodily”  can be on Apple TV+, chimed in.

“It’s lengthy overdue to reevaluate and restructure these contracts that we’re below. The DGA is clearly up, however it begins with and ends with out the writers. With out the writing, there’s no directing, there’s no performing,” Byrne mentioned.

Co-star Carla Gallo, who additionally labored with Rogen and Byrne in “Neighbors,” known as out residuals as a key supply of revenue for actors and actresses like herself.

“I’m positively consultant of actors who work for a time period after which don’t work for very lengthy durations of time. I survive off the residuals,” Gallo mentioned.

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Why It’s Vital: The feedback from Rogen, Byrne and Gallo come because the streaming platforms and the royalties related to them have been the largest focus within the newest negotiations.

Many streaming corporations have pushed by way of with price cuts and slowed down the manufacturing of unique content material as they prioritize profitability.

Netflix is worthwhile and rewards its high executives handsomely in comparison with its common worker. As Benzinga beforehand reported, co-CEOs Reed Hastings and Ted Sarandos acquired $51.07 million and $50.3 million respectively in 2022 in wage and inventory possibility awards.

Sarandos and new co-CEO Greg Peters may have annual salaries of $3 million every in 2023, whereas incomes probably $30 million extra relying on performance-based targets.

In 2022, the common whole compensation for Netflix workers was $218,400.

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Photograph: Shutterstock


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