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when Bruce Willis gets 20 Million a movie, it doesn't change the fact that Atom Egoyan can still make a cheap quirky movie that will be watched by his niche of fans,and billions of Bruce Willis fans can go on watching their movies
when you have unequal markets competing for assets, that's where the problems lie
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Don't movies compete over actors who have box office appeal? Seems exactly like sports to me, with each movie equivalent to a team. I'm sure Egoyan would love to use actors with the ability to bring in fans but simply cannot afford them. Differnce to me is that the nature of the competition between end products is different, i.e. Egoyan's fans do not care that the film is 'successful' whereas sports teams fans do.
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Romano's and Willis's salaries are sustainable. They correlate to their popularity. Sport players salaries for the most part do not correlate to demand.
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By the leagues own measure, NHL players are about 25% overpaid overall, NFL players not overpaid at all, and basketball I'm not too sure about but I think their soft cap is tied to revenues. Further, NHL players in many cities are not overpaid b/c they create more than enough revenue to pay their salaries - the problem is not all teams have the same demand. Where is your evidence to suggest that athletes are grossly overpaid as a group when the only example is some NHL players, and as a group they are only 25% overpaid at most???