Steven Crowder responds to Daily Wire: It was never about the money
(www.youtube.com)
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Daily Wire knew exactly what they were doing when they put out the video. Everyone was focused on the amount while ignoring that a) it would be over the span of 4 years, b) give Crower less of a profit over his mug club, c) would require him to spend even more on his overhead, d) any product costs comes out of his $50m payment, e) would give Daily Wire complete control over his social media, f) which is made worse by the fact that they will fucking fine him for any social media infractions.
Daily Wire is acting like they're doing Crowder a favor despite Crowder bringing more fans to DW than vice versa, but what do you expect from Shylock HQ?
I've crunched some numbers. $50 mill over 4 years for Crowder would still be profitable. He has about 25 employees, and a building he rents. Including equipment, and some other stuff, this adds up to "only" a few million a year.
Since these are business expenses, he can write them down as such, meaning he isn't taxed like a normal person. This means, he'd make, I think about $7 million per year under the DW deal (if he does everything perfectly).
None of what you just said takes into account possible penalties from DW if any of his social media gets hit... social media that he would no longer run. Literally nothing is stopping them from running bot campaigns to get his accounts struck so they can punish him.
God damn, some of you are stupid as hell.
Or the taxes he’d have to pay on that money just for having it put into his accounts “business expenses” only go so far at tax time.