The Despicable Me/Minions franchise has once again proved its dominance in the global box office with the release of Despicable Me 4. The latest installment has helped the franchise surpass the $5 billion mark, making it the first animated franchise ever to achieve this milestone. With an estimated $136 million in its second weekend, the
Achievement
Recent reports have revealed that the CEO of British fintech company Revolut, Nikolay Storonsky, is looking to cash in on a portion of his multibillion dollar stake in the company. This decision comes as part of a $500 million share sale, signaling a significant financial shift within the organization. The Financial Times had previously hinted
Disney/Pixar’s Inside Out 2 has achieved a remarkable milestone by reaching the coveted $1 billion mark at the worldwide box office within just 19 days. This makes it the fastest animated movie ever to achieve this feat, surpassing the previous record held by Frozen 2, which reached $1 billion in 25 days. This accomplishment is
Last weekend, Disney’s highly anticipated film, Inside Out 2, made a staggering $295M in its worldwide debut, surpassing all expectations. Disney’s Head of Global Theatrical Distribution, Tony Chambers, expressed his gratitude to exhibitors for their contribution to this historic success. The film’s midweek numbers continued to impress, reaching a global total of $380M by Tuesday.
Moderna, a leading biotech company, announced on Monday that its combination vaccine targeting both Covid-19 and the flu has shown to be more effective than standalone shots for these viruses in a late-stage trial. This groundbreaking development has the potential to revolutionize the way we approach vaccination against respiratory viruses. The concept of combination vaccines
After eight successful years at Kino Lorber, Wendy Lidell, the Senior Vice President of Theatrical Acquisitions and Distribution, is set to depart the company at the end of June. This news comes as a significant shift in leadership for the indie distributor, as Lidell has been instrumental in overseeing all theatrical acquisitions and distribution efforts
Nvidia, a company at the forefront of generative artificial intelligence, saw its shares surge by 5% to $1,224.40 on Wednesday, reaching a remarkable milestone of a market cap above $3 trillion for the first time. This achievement comes as investors eagerly seek to invest in a company that has been driving the boom in AI
Jennifer Lopez has been dominating the streaming world with her latest Netflix sci-fi film, Atlas, which has garnered nearly 60 million global views. This impressive feat has landed the movie in the top spot on the streamer’s top 10 film chart for the second consecutive week. It’s worth noting that Atlas marks Lopez’s fourth No.
Boeing’s recent launch of its Starliner capsule with astronauts on board marks a significant milestone in the company’s efforts to certify the spacecraft for NASA missions to the International Space Station. The launch, which took place on Wednesday, was the culmination of a series of delays and setbacks that have plagued the Starliner program. Despite
Monzo, a prominent British digital challenger bank, recently made headlines by announcing its first full year of profitability. According to the fintech startup’s annual financial report, it recorded pre-tax profits of £15.4 million ($19.6 million) in the 2023-2024 fiscal year. This achievement marked a significant turnaround from the previous year, where Monzo suffered a loss
The post-holiday box office weekend saw a significant decline in earnings compared to the previous year, with all titles grossing an estimated $68.6M, a staggering 66% drop from the previous year’s total of $205.1M. This poor performance can be attributed to various factors, including lackluster movie releases and overall audience disinterest in the available options.
Governor Kazuo Ueda of the Bank of Japan (BOJ) emphasized the need for caution when it comes to inflation-targeting frameworks. He acknowledged that Japan faces unique challenges after years of ultra-easy monetary policy. While progress has been made in shifting away from zero and raising inflation expectations, Ueda stressed the importance of proceeding carefully to
The Dow Jones Industrial Average closed above 40,000 for the first time ever on Friday, marking a significant milestone in the stock market. This achievement comes after a five-week win streak fueled by optimism surrounding potential rate cuts and mostly positive quarterly earnings reports from major corporations. At the end of the trading day at
The Dow Jones Industrial Average has made headlines by breaking above the 40,000 mark, a feat that seemed unimaginable just a year ago. This remarkable achievement has been driven by investor optimism surrounding the potential for artificial intelligence to boost corporate profits and the likelihood of the Federal Reserve cutting rates as inflation eases post-pandemic.