In recent years, the landscape of movie distribution has undergone significant changes, especially with the rise of eventized movies such as concert films. With the onset of the Covid-19 pandemic, studios began to embrace the theatrical day-and-date model as cinemas closed. However, the realization that theatrical releases bring in more profits and downstream revenues became
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The success of Five Nights at Freddy’s in the fall box office of 2023 was unexpected, to say the least. The horror film managed to rake in $80 million domestically and a staggering $131 million globally, making it a standout performer in a year filled with uncertainties. Despite initial projections and tracking services indicating a
This tech giant has seen a 4% increase in shares after reporting fiscal third-quarter results that exceeded expectations. The Azure business continued to show momentum, contributing to the positive reaction from investors. This shows that Microsoft is continuing to innovate in the tech space and drive growth. Shares of Alphabet surged more than 11% after
Elon Musk recently found himself in hot water after making controversial comments aimed at an Australian senator. The conflict arose after Australia’s federal court ordered Musk’s platform X to temporarily stop showing video footage of a knife attack on an Assyrian bishop during a church service in Sydney. In response, Musk accused Australia’s leaders of
In a surprising turn of events, Chinese tech giant Tencent is showing signs of a turnaround in 2024 after three consecutive years of decline. The stock has outperformed Hong Kong’s main Hang Seng Index, gaining more than 3% so far this year. This is particularly impressive considering the index has experienced a decline of over
Tesla executives Drew Baglino and Rohan Patel recently announced their departure from the electric vehicle maker and clean energy company. Baglino, who had been with Tesla since 2006, worked his way up to become the company’s senior vice president for powertrain and energy engineering. Patel, who joined Tesla in 2016 after his role as a
The electric vehicle maker Tesla, known for its innovative technology and forward-thinking approach, faced a setback as shares fell 2.8% following an internal memo announcing plans to lay off more than 10% of its global workforce. While CEO Elon Musk emphasized the importance of cost reductions and increasing productivity in preparing the company for future
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Investor Vinod Khosla and Palantir advisor Jacob Helberg have recently penned an open letter calling on senators to pass a bill that would force the divestiture of Bytedance-owned TikTok in the U.S. Their main argument revolves around the assertion that TikTok is a “weapon of war” and therefore poses a significant national security threat. They