Sony Pixel Power calrec Sony

Content Creation is a Semi-Glamourous Business

01/08/2024

Content Creation is a Semi-Glamourous Business

Andy Marken August 1, 2024

0 Comments

They worship everything, and they value nothing. - Sebastian, LaLa Land, Lionsgate, 2016

One of the toughest jobs in the world is to be a boss/CEO of a company.

Worse? Being a CEO in the Americas.

Worse yet? Being a CEO of a tech/entertainment company in the Americas.

How did we arrive at this epiphany?

Logic! because you have to pay some idiot an exorbitant amount of money along with a huge backend payment to take the job.

According to the Booth School of Business, the average salary of a CEO at a Fortune 500 company is about $15M and entertainment CEOs get a lot more.

The job is so tough that when Sheri Redstone (family fortune so it sorta' doesn't count) and the board blew out Bob Bakish, she had to convince three guys to share the blame job - Chris McCarthy, George Cheeks and Brian Robbins. Then she could focus full attention - along with the board - to decide if they're going to keep the old girl together, sell her as a single diamond or cut her up into smaller gemstones.

Safe Landing - A for hire CEO always needs a well-crafted exit package or golden parachute because well, paying boss gigs are tough to come by.

In addition to having some small consolation knowing it took three folks to replace him, Basich was given time to clean out his desk and got his monthly stipend ($258K/mo.) until the end of October.

Oh yeah, he had a soft landing like most CEOs who get fired with a $48.5M ++ severance package.

Hollywood may be a tough business, but it pales in comparison to tech firms. Elon Musk is so broke he asked (demanded) that his $56B compensation package be reaffirmed. Wonder how much he gets paid every time he goes to the bathroom?

It's Tougher - While we have a world economy, it's obvious that being a boss in the US is tougher than anywhere else so you have to pay the guy (most of the time it's a guy) because, ah well because.

Sorry, got sidetracked, but being CEO for an American company really has to be tougher than anywhere else in the world.

After all, they have to get paid so much more than their counterparts in other parts of the world to be convinced to take the thankless job.

According to Bloomberg analysis, US CEOs average $14.3M annually more than double their counterparts north of the border and 10X more than those in India.

There are a lot of different reasons for the discrepancies - many of the world's largest companies are located here, there's a higher cost of living (you know about that, right?) and well stuff.

Of course, their jobs - making their numbers - were made even tougher by all of the strikers (actors, auto workers, etc.) who wanted a living wage, healthcare, holidays (EU folks get a month) and simply drug the strikes out, quibbling over little things.

According to the US Bureau of Labor Statistics, the median US worker made about $31.43/hr. last year but actors were paid $17.94/hr.

While the negotiating bosses still got paid, folks on the picket lines lived off savings (?), the kindness of others and union health plans.

Most actors aren't stars, most creators aren't Tarantino or Nolan; stunt folks have it a little tougher than Fall Guy's Gosling; production folks only get in front of the camera to clean the lens and most postproduction folks grind away hours on end in dark rooms staring at screens.

Sorry to crush the kids' dreams of heading to Hollywood, getting discovered serving coffee, becoming instantly famous, living in a Beverly Hills mansion and wallowing in money.

That s*** doesn't even happen in the movies!

But ever since the golden era of Hollywood, media industry executives have always been highly paid. And over the past bunch of years, these tormented executives have been through the grinder.

There was the MeToo period, the pandemic, those troublesome worker strikes and the total upheaval of the show/movie food chain. But through it all, top executives at Disney, Warner Bros and others got paid an average of $34.8M last year (more than double their counterparts in other US industries).

Salary Plus - Executives - or their agents - may have to negotiate how much they get paid but there's an entire industry built around executive compensation that helps them ensure they get theirs first.

True, stock awards make up most of their compensation packages and they're granted at the beginning of the year.

So, it probably doesn't count that all of those shelved video projects (regardless of how far along they are) that create tax savings and folks being layed off rather than adjusting their salary, are important management decisions.

After all, the pandemic was behind us and obviously, people were going to flock back to theaters even though they had been cutting back on high ticket prices and expensive popcorn for years.

Not Going - Certain segments of the entertainment industry don't like to admit that the cost (time/money) of a movie makes it less attractive for a lot of people to go to movie houses today especially since they have options.

In fact, according to most research, only eight percent of folks consider themselves frequent movie attendees while 59 percent say they rarely or never see movies in the theater.

And we hate to break the industry, but that just ain't gonna change!

The other change, which has been equally as slow and insidious, has been the petering out of the pay TV gold mine.

Folks have options lots of options.

Past Prime - Prime TV viewing is past its prime as the cost of the payTV bundle continued to grow along with the number of ads networks/services packed into each hour. Consumers have begun switching to economic and quality options.

Actually, FX CEO John Landgraf coined the term Peak TV a few years af
LINK: https://creativecow.net/content-creation-is-a-semi-glamourous-business...
See more stories from creativecow

Most recent headlines

05/01/2027

Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be demoed at CES 2026

Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be ...

07/10/2026

Dalet Flex LTS Delivers Smarter Media Operations from Ingest to Distribution

Dalet, a leading technology and service provider for media-rich organizations, today announced the latest Long-Term Supported (LTS) release of Dalet Flex. Build...

06/09/2026

Dolby and MagentaTV Bring Fans Closer to the FIFA World Cup 2026 in Germany with Dolby Vision and Dolby Atmos

June 9 2026, 23:00 (PDT) Dolby and MagentaTV Bring Fans Closer to the FIFA Worl...

21/08/2026

Indiana Pacers Selects DAZN As Exclusive Streaming Partner

Share Copy link Facebook X Linkedin Bluesky Email...

21/08/2026

Chyron To Showcase Newsroom Advancements At IBC 2026

Share Copy link Facebook X Linkedin Bluesky Email...

21/08/2026

Broadpeak to Launch Multiview as a Service at IBC2026

Share Copy link Facebook X Linkedin Bluesky Email...

21/08/2026

University of Maryland Deploys Sony FX30 Cameras

Share Copy link Facebook X Linkedin Bluesky Email...

21/08/2026

Study: FAST Sports Programming Surges

Share Copy link Facebook X Linkedin Bluesky Email...

21/08/2026

Spectrum SportsNet LA Launches in Former Cox Markets

Share Copy link Facebook X Linkedin Bluesky Email...

21/08/2026

ESPN Airs Its Most-Watched WNBA Game

Share Copy link Facebook X Linkedin Bluesky Email...

21/08/2026

Wisycom Wireless and DPA Microphones Support Pope Leo XIV...

When hundreds of thousands of people gather to hear a single voice, there is no room for compromise. Every word must be delivered clearly, every wireless transm...

21/08/2026

Telestream and ScorePlay Turn Live Sports into Immediate...

Telestream, a global leader in media workflow technologies, today announced a strategic partnership with ScorePlay, the AI-powered media infrastructure that spo...

21/08/2026

NUGEN Audio Launches New Post and Producer Subscription P...

NUGEN Audio announces the launch of its new Post Plan and Producer Plan, two flexible subscription offerings designed to give audio professionals short term acc...

21/08/2026

Join the Screen Currency 2026 Ask Me Anything (AMA) Online

Join the Screen Currency 2026 Ask Me Anything (AMA) Online 20 August 2026 (L-R): Adrian Coates, Grainne Brunsdon, Deirdre Brennan, Rachael Perkins Got questio...

20/08/2026

NEP's Summer of Soccer Didn't End at World Cup: 1,100+ Domestic Productions Follow the Final

From host-broadcaster and rightsholder support in June and July to MLS, NWSL, US...

20/08/2026

SVG GameDay, Ep. 27: San Jose Sharks' Emily Garner - Production Tales From the Shark Tank

In-venue and creative video staffers at the professional and collegiate level ha...

20/08/2026

IBC 2026: Veritone To Showcase Enterprise AI and Media Supply Chain Automation

At IBC this year, Veritone (14.A56) is bringing two connected themes to the booth: architectural independence in enterprise AI, and the automation of the media ...

20/08/2026

Telestream and ScorePlay Partner to Connect Live Sports Ingest with Media Management

Telestream and ScorePlay have announced a partnership combining Telestream's...

20/08/2026

Grand Slam of Curling and Rock League Sign Multi-Year Deal with ESPN

The Grand Slam of Curling and Rock League have announced a three-year agreement with ESPN, bringing more than 300 hours of live curling coverage to U.S. audienc...

20/08/2026

Nielsen Announces Measurement Enhancements Ahead of Fall TV Season

Nielsen has announced a series of enhancements to its Big Data + Panel currency measurement methodology, taking effect August 31. The updates were developed in ...

20/08/2026

ORF Deploys Net Insight Nimbra Platform for Nationwide IP Contribution Network

Net Insight has been selected by service provider Big Blue Marble (formerly ORS Group) to provide its Nimbra platform as the core media transport solution for a...

20/08/2026

2026 US Open Launches Fan Activations Across New York City

The 2026 US Open will bring a series of free fan activations across New York City ahead of and during the tournament, which runs August 23-September 13. We...

20/08/2026

Bridge Technologies Adds TS Playout to VB330 and VB220 Monitoring Probes

Bridge Technologies will announce a transport stream (TS) playout feature for its VB330 and VB220 compressed monitoring probes at IBC2026 (Booth 1.A71). The fe...

20/08/2026

IBC 2026: ENCO To Showcase AI and Automation Solutions

ENCO will demonstrate solutions across captioning, translation, AI production tools, automation, and virtual production at IBC2026 (Stand 7.A34, Amsterdam RAI, ...

20/08/2026

IBC 2026: MultiDyne MRMC To Exhibit for First Time as Part of MultiDyne Organization

MultiDyne Video and Fiber Optic Systems will demonstrate camera robotics and mot...

20/08/2026

IBC 2026: Chyron Showcases Newsroom Workflow Solutions

Chyron will demonstrate news workflow solutions at IBC2026 (Stand 7.A23), marking the company's 60th anniversary. Highlights include updates to PRIME HTML, ...

20/08/2026

Spectrum SportsNet LA Now Available to Customers in Former Cox Markets

Spectrum SportsNet LA, the exclusive television home of the Los Angeles Dodgers, is now available to Spectrum customers in former Cox markets following the clos...

20/08/2026

IBC 2026: swXtch.io Launches Expanded SRT Distribution and Native Multicast Services

swXtch.io will unveil expanded Global SRT Distribution and native multicast tran...

20/08/2026

Transformation Church Deploys Riedel Artist Intercom System

Riedel Communications has announced that Transformation Church in the United States has deployed a communications system built around the Artist intercom ecosys...

20/08/2026

Apple at 50: Author and CBS Sunday Morning Correspondent David Pogue on How a Tech Giant Became a Media Powerhouse

The bestselling author and longtime Apple observer explores how product launches...

20/08/2026

Orlando Magic's David Storm Reflects on the Franchises First Year With Its New ST 2110 Control Room and Massive Center-Hung Videoboard

The Orlando Magic entered last season with a dramatically upgraded in-venue prod...

20/08/2026

Indiana Pacers Name DAZN Exclusive Streaming Home Beginning 2026-27 Season

Pacers Sports and Entertainment has announced a partnership with DAZN, making it the exclusive streaming home of Indiana Pacers basketball. A team-branded strea...

20/08/2026

Ratings Roundup: Scotty Scheffler Win Tops the Week, ESPN Posts Most-Watched WNBA Game Ever on Cable

Ratings Roundup is a rundown of recent ratings news and is derived from press re...

20/08/2026

NHL Announces Germany Expansion with FC Bayern Partnership and 2027 Global Series Games in Munich and Cologne

The NHL has announced two major developments tied to its Germany growth strategy...

20/08/2026

SoundBridges TURN server tutorial

Set up your own private remote collaboration infrastructure SoundBridge have recently put together a tutorial video that provides users with a step-by-step ...

20/08/2026

Neyrinck revive Avid D-Control surfaces

New V-Control Pro features restore basic functionality Neyrinck's V-Control software has long been keeping older Avid control surfaces compatible with n...

20/08/2026

ROSE AYLING-ELLIS BEGINS FILMING SERIES TWO OF ITVS BAFTA-WINNING THRILLER CODE OF SILENCE

TV, BritBox and Mammoth Screen have announced that filming is now underway on th...

20/08/2026

Nielsen Incorporates New Enhancements To Improve Its Data Measurement Leading Into The New Fall TV Season

New York August 19, 2026 Nielsen today shared a number of key enhancements t...

20/08/2026

FAST Sports Programming Surges at More Than Twice the Rate of Sports Channel Growth

New Gracenote Data Hub analysis finds sports program titles up 31.2% and individ...

20/08/2026

Charter Completes $34.5 Billion Cox Acquisition

Share Copy link Facebook X Linkedin Bluesky Email...

20/08/2026

SubtitleNEXT makes a significant leap in localisation eff...

At IBC, Profuz Digital will showcase at stand 8.A88 the SubtitleNEXT platform delivering innovative AI transcription integrations and stunning new features boos...

20/08/2026

Transformation Church Elevates Production Communications...

Riedel Communications today announced that Transformation Church, one of the fastest-growing and most influential digital ministries in the United States, has d...

20/08/2026

QuickLink Showcases New 4K Capabilities Across StudioEdge and StudioCall at IBC 2026

QuickLink Showcases New 4K Capabilities Across StudioEdge and StudioCall at IBC ...

20/08/2026

The Boys Season Five Graded with DaVinci Resolve Studio

The Boys Season Five Graded with DaVinci Resolve Studio Brie Clayton August 20, 2026 0 Comments Colorist Siggy Ferstl uses Depth Map to bring a three ...

20/08/2026

Adobe Firefly expands its creative AI studio: generate music, speech, and sound effects in one place

Adobe Firefly expands its creative AI studio: generate music, speech, and sound ...

20/08/2026

Broadpeak launches Multiview as a Service to accelerate m...

Multiview available via SaaS for streaming platforms and operators through broadpeak.io, with live demonstrations at IBC2026 Broadpeak , a leader in streaming ...

20/08/2026

Techex Appoints Stuart Almond as Chief Revenue Officer

Techex, a leading provider of live broadcast infrastructure solutions, has appointed Stuart Almond as Chief Revenue Officer, further strengthening its executive...

20/08/2026

MediaCity Studios upgrades with Avid

Avid today announced that MediaCity Studios has upgraded its production infrastructure with an enhanced end-to-end Avid production ecosystem, including the dep...

20/08/2026

MS Now to Launch $7.99 DTC Service

Share Copy link Facebook X Linkedin Bluesky Email...

20/08/2026

Nielsen Details Improvements to Audience Measurement Capabilities

Share Copy link Facebook X Linkedin Bluesky Email...