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Drafthouse Films has recently acquired the rights to Caligula: The Ultimate Cut, a groundbreaking 4K Ultra HD reconstruction of the infamous Tinto Brass film. This new version, which premiered at the Cannes Film Festival in 2023, features never-before-seen footage, alternate takes, and camera angles that promise to provide viewers with a fresh perspective on this
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Paramount Global’s board members have made a crucial decision to engage in exclusive merger discussions with Skydance Media, instead of considering a $26 billion bid from Apollo Global Management. This move signifies a significant shift in the direction of the media empire built by the late Sumner Redstone, potentially ending Shari Redstone’s control over the
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The recent re-election of Disney’s full board is a significant victory for shareholders, as they have decisively rejected activist Nelson Peltz and former Marvel CEO Ike Perlmutter’s push for change within the media conglomerate. Peltz and Perlmutter were advocating for removing directors such as Maria Elena Lagomasino and Michael Froman due to sustained share underperformance
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The global stock markets experienced a significant rebound after the release of data indicating a slowdown in the growth of the U.S. services industry in March. This slowdown suggested that inflation may be subsiding, leading many to believe that interest rate cuts by the Federal Reserve could be on the horizon. However, the robust economic
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The market saw Intel taking a nosedive by 7% due to a whopping $7 billion operating loss in its semiconductor manufacturing division in 2023. The tech giant’s struggle in this sector is concerning, and investors may be wary of the long-term implications of such a significant loss. On the other hand, Spotify Technology experienced a
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Film Movement has recently obtained the North American rights to “Close Your Eyes” directed by Victor Erice, a highly acclaimed Spanish director. The film, officially selected for prestigious film festivals including Cannes, Toronto, NYFF, San Sebastian, and BFI London, has garnered attention and critical acclaim. Winning a special citation from the National Society of Film
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Legendary/Warner Bros.’s Godzilla x Kong: The New Empire is showing no signs of slowing down at the box office. After an impressive $80M Easter weekend start, the movie is projected to have a strong second weekend with a -55% to -60% drop, bringing in between $32M-$36M. The Adam Wingard directed Monsterverse title has already accumulated
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Federal Reserve President Loretta Mester remains optimistic about potential interest rate cuts this year, despite ruling out the possibility of cuts at the next policy meeting in May. She emphasizes the importance of data in shaping her confidence in the trajectory of inflation, indicating that her perspective on rate cuts is reliant on the progress
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The spring housing market has defied expectations by not cooling down despite higher mortgage rates. Typically, higher rates lead to a decrease in both prices and demand, but that is not the case at the moment. The current situation is a result of the shortage of homes for sale, as existing homeowners are unable to
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Cleveland Fed President Loretta Mester recently expressed her stance on interest rate cuts, emphasizing the need to strike a balance between cutting rates too early and keeping them higher for an extended period. She highlighted the risks associated with both scenarios, pointing out that premature rate cuts could undo progress made on inflation, while maintaining
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