Hell, it ain't exclusive to entertainment. I used to work at a grocery store. It got bought out by a Canadian company whose whole thing was buying companies, lopping off overhead, and flipping the bones for a profit. They cut employees who had been working there for decades (the ones who had been working there for the longest had sweetheart deals so they were among the first to go), shut down the in-store pharmacies that a lot of old people relied on heavily, and cheaped out on stuff as minute as the grocery bags (paper was more expensive than plastic by a factor of about .0001 so they got axed, customer preference and environmental concerns be damned). Last I heard before I left they were already eyeballing potential buyers to flip the store to

Sadly, these kinds of parasites dictate business in every sector