A $179 million judgment against Fox highlights a potential dark side to big media mergers

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A $179 million judgment against Fox highlights a potential dark side to big media mergers
इंडिया ताज़ा खबर,इंडिया मुख्य बातें
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Big media companies must ensure they are playing fair with content creators and actors when they're controlling both programming and distribution.

Rupert Murdoch's 21st Century Fox has been ordered to pay $179 million in damages for engaging in fraud with the creators and actors of TV series"Bones," according to an arbitration ruling made public Wednesday. The ruling against Fox, one of the largest ever in the entertainment industry, illustrates the messiness and potential for fraud when media companies own stakes in both content production and distribution.

Netflix's huge investment in original content, marrying exclusive rights to shows with its streaming platform, has altered the way content creators and actors are paid for their shows. Instead of selling shows to the highest bidder, creators such as Ryan Murphy and Shonda Rhimes have signed multiyear deals to make programming exclusively for Netflix. This has actually simplified the accounting, as exclusivity clauses eliminate the need to shop shows to the highest bidder.

हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

CNBC /  🏆 12. in US

इंडिया ताज़ा खबर, इंडिया मुख्य बातें

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