Tag: Business
Disney’s Alleged Extortion Revealed By Industry Analyst
Lyndon Hall | May 11, 2022 | 1
Disney has allegedly been extorting cinema chains to maximize viewership and profitability of their new releases, according to a Variety article. In the article, box office analyst Jeff Bock says Disney doesn’t negotiate. Instead, they dictate to theaters terms for how often one of their movie...
Read MoreLouis Leterrier Replacing Justin Lin on Fast X
The next entry in the Fast and Furious franchise has a new driver. A week after director Justin Lin abruptly left the production of Fast X, Variety reports that Louis Leterrier will take his place once schedules are determined. Leterrier has helmed the first two Transporter movies with Jason Statham...
Read MorePeacock Acquires Lionsgate Streaming Rights
Peacock is looking to secure the lion’s share of streaming entertainment. According to The Hollywood Reporter, NBC’s streaming service has struck a deal with Lionsgate for all of the studio’s 2022 theatrical releases. A week ago, Lionsgate made a similar deal with The Roku Channel, where it cr...
Read MoreBatgirl May Hit Theaters After All
The reports of the movie theater’s demise appear to have been greatly exaggerated. When the theaters were closed during the ridiculous (and seemingly interminable) lockdowns, Warner Bros. decided to release its movies directly to HBO Max throughout 2021 alongside their theatrical releases. As the ...
Read MoreElon Musk Buys Twitter
After weeks of speculation, negotiation, and, we can assume, perspiration, Elon Musk has successfully bought Twitter. Musk first purchased 9.2% of the company earlier this month, making him its largest single shareholder. Not long after, he made an offer to buy Twitter for $43.4 billion, which comes...
Read MoreNetflix Stock Drops After Subscriber Loss
Netflix is feeling the pain with the rest of the country. According to CNBC, the streaming pioneer expected to add around 2.5 million subscribers in the first quarter of 2022; instead, it lost 200,000. Following the report of its losses, Netflix shares nosedived 25%, and they brought down Disney, Ro...
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