Thursday, October 6, 2011
The cast of the Simpsons are being asked to take a 45% cut in pay or the show will be cancelled. This comes at a time when Fox, Newscorp and Rupert Murdock are earning record profits as a company, and on the Simpsons themselves. Talent is always the ones to squeeze and scapegoat,
A salary dispute between the actors who provide voices for "The Simpsons" and 20th Century Fox Television, the studio that produces the hit cartoon for its sister Fox network, has shone a light on just how much News Corp., parent of both the studio and network, has made from the show.
No doubt Bart, Homer, Marge and the rest of the Springfield gang have been a cash cow for Rupert Murdoch's media empire. Between reruns, DVDs and the slew of merchandise that has come out over the more than two decades that "The Simpsons" has been on the air, the show has generated more than $1 billion in profits.
However, it is not as if Murdoch takes that big pile of money and puts it under his pillow every night like he's Homer's boss C. Montgomery Burns. After everyone involved in the show, including the folks lucky enough to be profit participants in "The Simpsons," gets his or her cut, the bulk of the leftover dough gets pumped back into the company.Click here for the full story from the LA Times Company Town Blog.
RENEE MONTAGNE, host: NPR's business news starts with the big loss for the tech world.
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MONTAGNE: Steve Jobs died yesterday. The co-founder of Apple was diagnosed with pancreatic cancer seven years ago. From the time a young Steve Jobs introduced the Apple I, his products changed consumer behavior.
President Obama said the world has lost a visionary. Business leaders around the world, including Apple's biggest rivals, are also paying tribute. The CEO of Nokia, once the world's number one mobile phone maker until it was overtaken by Apple, tweeted: Steve's passion for simplicity and elegance leaves a legacy that will endure. And Samsung, the Korean electronics company that is waging a patent war with Apple, today called Steve Jobs an innovative spirit who will be remembered forever.
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