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Amazon demands 30% share of ad revenue from TV networks’ apps (www.broadbandtvnews.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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Amazon demands 30% share of ad revenue from TV networks’ apps::Australia’s free-to-air broadcasters are up in arms after Amazon demanded a 30% slice of any advertising revenue that passes through its FireTV devices. Financial Review said networks Seven, Nine, Ten and SBS had accused the parcels to showbiz company of a “cash grab” and “rent-seeking”. Amazon has set new terms of services that would require…

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[–] sirico@feddit.uk 39 points 1 year ago (7 children)

What's going on in the tech sector is there a global EMP comming that only top ceo's know about so they're all pumping and dumping their products in one last cash grab? :D

[–] assassinatedbyCIA@lemmy.world 56 points 1 year ago (4 children)

The free money faucet that came with 0% interest rates has been turned off. Venture capital are now actually demanding returns, thus the big tech companies are sucking the good will and future of their businesses dry in order to turn a profit.

[–] SPOOSER 4 points 1 year ago (1 children)

I want to have this level of belief. After Netflix benefitting from their enshittification, I believe this will just become the new norm and I'll just be pushed further from societal norms because I'm not willing to shell out for all of this bullshit, while the vast majority of society is. I want to believe these companies will fail in their ventures to treat their customers like shit, but if I've learned anything it's that society will do anything for their shit.

[–] phillaholic@lemm.ee 5 points 1 year ago (1 children)

Large companies will survive. Small ones will fail. A few medium ones with fail too. Amazon doesn’t have to make prime video successful as long as they prop it up with prime shipping.

[–] cmbabul@lemmy.world 2 points 1 year ago (1 children)

And the logical conclusion is the further consolidation of power in a handful of massive companies like in dystopian scifi

[–] phillaholic@lemm.ee 3 points 1 year ago

Yup, and the solution to the problem already exists. Break them up, or better yet, don't let them buy each other up in the first place.

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