|Posted by: MockingbirdGirl 06:52 pm EDT 04/05/21|
|In reply to: Andrew Yang proposes Broadway rescue plan - StageLover 05:57 pm EDT 04/05/21|
|Another element of Yang’s proposal would establish a pilot program to support high-quality streaming of theater productions. “In 2020, Netflix revenue was estimated at $25 billion in a category that’s roughly 3 times bigger than that,” the proposal states. “With the world home-bound in quarantine, Netflix posted positive cash flows for the first time since 2011, profiting greatly off of every day consumers. These massive companies have cornered the market in at-home streaming and most content generation is being lost to these monopolies. A Yang administration will establish a pilot program to support high-quality streaming of theatre productions, particularly, but not limited to, those on Broadway.”|
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