Media Job Massacre Closing On 20,000 Jobs Cut So Far in 2023 (ep.282)

The media job massacre of 2023 has dealt a severe blow to the industry, with nearly 20,000 jobs already lost in the first six months. The convergence of technological disruptions, changing consumer habits, consolidation, and automation has created a perfect storm, forcing media organizations to restructure and downsize. <br />Writers Strike Union Solidarity and The Network and Streamer Scramble for New Content<br />The ongoing writers strike, supported by the Writers Guild of America (WGA), has now entered its 45th day, causing significant disruptions in the entertainment industry. Networks and streaming platforms are finding themselves in a state of panic as they struggle to fill their programming schedules for the upcoming fall season. With the absence of new scripts and content, the ability to produce fresh and captivating shows has become a challenge. This situation is further exacerbated by the fact that award shows, including those aired on CBS, are expected to suffer as well. The strike is causing a ripple effect throughout the industry, impacting not only the networks and streamers but also various events that rely on quality scripts and writing talent.<br />Twitter In Trouble with The Music Industry, While Universal Music makes a deal with Soundcloud for artists. <br />Twitter, one of the major social media platforms, is currently facing a lawsuit from major music conglomerates such as Universal, Sony, and Warner. The lawsuit alleges that Twitter knowingly hosts and streams infringing copies of music compositions without obtaining the proper licenses, resulting in mass copyright infringement. Unlike other platforms like Facebook, Instagram, TikTok, YouTube, and Snapchat, Twitter does not have music licensing deals in place. The publishers argue that Twitter intentionally fosters a user base that posts videos with copyright-protected music to increase engagement and advertising revenue. The lawsuit seeks damages of at least $250 million and accuses Twitter of direct copyright infringement, contributory in