D.L. Watson
@avideomakr.bsky.social
Elevating brands through authentic, broadcast-caliber storytelling via #videoediting and #videoproduction. https://www.avideomaker.com/social
The REAL tax win:
- Before: Warner's profit taxed at 21%, THEN dividends taxed at 20% = 36.8% total
- After: One consolidated tax at 21%
- Savings: ~$118M/year on that $750M in captured margin
Plus geographic IP licensing (hello, Ireland's 12.5% rate) saves another ~$40M annually.
4/6
- Before: Warner's profit taxed at 21%, THEN dividends taxed at 20% = 36.8% total
- After: One consolidated tax at 21%
- Savings: ~$118M/year on that $750M in captured margin
Plus geographic IP licensing (hello, Ireland's 12.5% rate) saves another ~$40M annually.
4/6
December 7, 2025 at 3:14 AM
The REAL tax win:
- Before: Warner's profit taxed at 21%, THEN dividends taxed at 20% = 36.8% total
- After: One consolidated tax at 21%
- Savings: ~$118M/year on that $750M in captured margin
Plus geographic IP licensing (hello, Ireland's 12.5% rate) saves another ~$40M annually.
4/6
- Before: Warner's profit taxed at 21%, THEN dividends taxed at 20% = 36.8% total
- After: One consolidated tax at 21%
- Savings: ~$118M/year on that $750M in captured margin
Plus geographic IP licensing (hello, Ireland's 12.5% rate) saves another ~$40M annually.
4/6
50 movies/year × $15M margin = $750M annually that used to leave Netflix's pocket. Now it doesn't. That's REAL profit recapture.
3/6
3/6
December 7, 2025 at 3:14 AM
50 movies/year × $15M margin = $750M annually that used to leave Netflix's pocket. Now it doesn't. That's REAL profit recapture.
3/6
3/6
Before: Netflix pays Warner $100M for a movie → Warner's actual costs are $85M → Warner keeps $15M profit (goes to their shareholders, Netflix never sees it again)
After: Netflix pays Warner $100M → Warner's costs still $85M → That $15M profit STAYS in the Netflix family
2/6
After: Netflix pays Warner $100M → Warner's costs still $85M → That $15M profit STAYS in the Netflix family
2/6
December 7, 2025 at 3:14 AM
Before: Netflix pays Warner $100M for a movie → Warner's actual costs are $85M → Warner keeps $15M profit (goes to their shareholders, Netflix never sees it again)
After: Netflix pays Warner $100M → Warner's costs still $85M → That $15M profit STAYS in the Netflix family
2/6
After: Netflix pays Warner $100M → Warner's costs still $85M → That $15M profit STAYS in the Netflix family
2/6
At home, I have a 4K digital restoration, it's beautiful and sounds amazing on my Dolby Vision TV and soundbar. In fact, I think I'll invite some friends over to screen it with me.
December 7, 2025 at 2:48 AM
At home, I have a 4K digital restoration, it's beautiful and sounds amazing on my Dolby Vision TV and soundbar. In fact, I think I'll invite some friends over to screen it with me.
It is an incredible movie to see on the biggest screen. But the last time I saw it in theaters, it was on film and the projection was fluttery, blaring parts of the image and stuttering during camera movement. Additionally, the image was dark due unclean screen. And the sound was terrible.
December 7, 2025 at 2:48 AM
It is an incredible movie to see on the biggest screen. But the last time I saw it in theaters, it was on film and the projection was fluttery, blaring parts of the image and stuttering during camera movement. Additionally, the image was dark due unclean screen. And the sound was terrible.
But more importantly, I think the exe here is saying watching a classic on your phone on a platform offering it part of a subscription is better than not watching it because it's not currently showing in theaters, nor part of the viewers collection. 🤷♂️
December 7, 2025 at 2:38 AM
But more importantly, I think the exe here is saying watching a classic on your phone on a platform offering it part of a subscription is better than not watching it because it's not currently showing in theaters, nor part of the viewers collection. 🤷♂️
An iPhone 15 Pro has 460 ppi at 10 inches from your face, the typical viewing distance. You typically sit 40-50 ft from a theater screen, providing ~40-50 pixels per degree. So yes, iPhone would deliver higher-resolution than a theater. Better color, brightness, contrast. Poorer sound, but legible.
December 7, 2025 at 2:38 AM
An iPhone 15 Pro has 460 ppi at 10 inches from your face, the typical viewing distance. You typically sit 40-50 ft from a theater screen, providing ~40-50 pixels per degree. So yes, iPhone would deliver higher-resolution than a theater. Better color, brightness, contrast. Poorer sound, but legible.
It is funny. "Girl" by The Beatles is a masterclass in using simple pop structures to convey nuanced complexity. One of their most artistic songs, IMHO. Good talk!
December 7, 2025 at 2:16 AM
It is funny. "Girl" by The Beatles is a masterclass in using simple pop structures to convey nuanced complexity. One of their most artistic songs, IMHO. Good talk!
I wonder if they'll make TCM and HBO Max add-ons like Hulu, ESPN and others are for Disney+ or Showtime for Prime.
December 7, 2025 at 1:58 AM
I wonder if they'll make TCM and HBO Max add-ons like Hulu, ESPN and others are for Disney+ or Showtime for Prime.
Well, inspirit of this conversation, I'm gonna have my son listen to Girl for the first time. But on his iPad because "fuck art" 🙄
December 7, 2025 at 1:57 AM
Well, inspirit of this conversation, I'm gonna have my son listen to Girl for the first time. But on his iPad because "fuck art" 🙄
You're quoting something that's literally not what he actually said.
December 7, 2025 at 1:48 AM
You're quoting something that's literally not what he actually said.
3. You don't need a screen an inch from your nose. 4-6 feet from a 60 inch TV is as big of a screen as you get sitting in the middle of a movie theater. Do the research. There are literal calculators to help you with this.
December 7, 2025 at 1:45 AM
3. You don't need a screen an inch from your nose. 4-6 feet from a 60 inch TV is as big of a screen as you get sitting in the middle of a movie theater. Do the research. There are literal calculators to help you with this.
1. Nothing is "projected". The information sits inches away from your iris & is scaled proportionally to this distance.
2. At home, you can move closer and further back, scaling the screen size. If the screen is 4K, you can literally get right up to the screen without loss of quality.
2. At home, you can move closer and further back, scaling the screen size. If the screen is 4K, you can literally get right up to the screen without loss of quality.
December 7, 2025 at 1:45 AM
1. Nothing is "projected". The information sits inches away from your iris & is scaled proportionally to this distance.
2. At home, you can move closer and further back, scaling the screen size. If the screen is 4K, you can literally get right up to the screen without loss of quality.
2. At home, you can move closer and further back, scaling the screen size. If the screen is 4K, you can literally get right up to the screen without loss of quality.
To appreciate art is to consume it in any means available to you. If it's not in theaters, then how should you consume it? Should it not be available if you can't experience it in theaters? Likewise, if it's not on vinyl, should it not be consumed by a Flaac/Wav or hell, even Spotify/Apple Music?
December 7, 2025 at 1:42 AM
To appreciate art is to consume it in any means available to you. If it's not in theaters, then how should you consume it? Should it not be available if you can't experience it in theaters? Likewise, if it's not on vinyl, should it not be consumed by a Flaac/Wav or hell, even Spotify/Apple Music?
Yes it literally does. How do you think AR/VR headsets work? But good talk.
December 7, 2025 at 1:39 AM
Yes it literally does. How do you think AR/VR headsets work? But good talk.
I learned someone today. Thanks for pointing that out. Generally, music is made for live performance, and personal mediums are secondary formats. But if you never listened to cassette / MP3 & ONLY vinyl, then fair enough. Otherwise, you've been enjoying compromised formats all along. Same principle.
December 7, 2025 at 1:38 AM
I learned someone today. Thanks for pointing that out. Generally, music is made for live performance, and personal mediums are secondary formats. But if you never listened to cassette / MP3 & ONLY vinyl, then fair enough. Otherwise, you've been enjoying compromised formats all along. Same principle.
Lawrence of Arabia was made for cinema. Watching it on a phone isn't ideal, but it's still experiencing the art. Your argument seems to be it's "not worth it" - like saying listening to Pepper on anything but vinyl is pointless. Imperfect access beats no access.
December 7, 2025 at 1:33 AM
Lawrence of Arabia was made for cinema. Watching it on a phone isn't ideal, but it's still experiencing the art. Your argument seems to be it's "not worth it" - like saying listening to Pepper on anything but vinyl is pointless. Imperfect access beats no access.
If you sit 1 foot away from your TV, you'd perceptually had a screen as large as you'd have if you sat in the first three rows of a movie theater. Screen size isn't important. It's the quality of the picture.
December 7, 2025 at 1:29 AM
If you sit 1 foot away from your TV, you'd perceptually had a screen as large as you'd have if you sat in the first three rows of a movie theater. Screen size isn't important. It's the quality of the picture.
So you'd be fine playing a cassette tape version of Sgt Pepper over concert hall speakers? Because by your logic, size is all that matters. Resolution absolutely counts.
December 7, 2025 at 1:28 AM
So you'd be fine playing a cassette tape version of Sgt Pepper over concert hall speakers? Because by your logic, size is all that matters. Resolution absolutely counts.
Vinyl wasn't how it was "meant to be listened to", that would be the live studio performance. Vinyl's a compromise format just like everything else. You proved my point.
December 7, 2025 at 1:22 AM
Vinyl wasn't how it was "meant to be listened to", that would be the live studio performance. Vinyl's a compromise format just like everything else. You proved my point.
I'd be surprised if they did that for the Warner Bros titles. I think Warner will still be a "studio" but just a "Netflix Company" in the same way that Time Warner was. I think (hope) the only change will be Netflix will gain access to the library as part of their subscription.
December 7, 2025 at 1:20 AM
I'd be surprised if they did that for the Warner Bros titles. I think Warner will still be a "studio" but just a "Netflix Company" in the same way that Time Warner was. I think (hope) the only change will be Netflix will gain access to the library as part of their subscription.
So you only listened to Sgt Pepper live at Abbey Road? Never on cassette or vinyl? A phone screen today has better resolution than the TVs Lawrence of Arabia first aired on. Watching it on phones beats not watching it at all.
December 7, 2025 at 1:18 AM
So you only listened to Sgt Pepper live at Abbey Road? Never on cassette or vinyl? A phone screen today has better resolution than the TVs Lawrence of Arabia first aired on. Watching it on phones beats not watching it at all.
Better than not watching it at all.
December 7, 2025 at 1:11 AM
Better than not watching it at all.