Korean content accounted for 50% of SVOD viewership and 42% of freemium viewership across Asia in the first half of 2023, according to a report released by Media Partners Asia (MPA).
30.06.2023 - 21:21 / deadline.com
Apple became the first publicly traded company to be valued at $3 trillion Friday, leading a tech sector revival that helped the Nasdaq record its best opening half of a year since 1983.
The tech-heavy Nasdaq gained 1.5% Friday to end the week at 13,787.92. It has risen 30% since the start of the year, outdoing the S&P 500’s 16% increase and a 4% uptick for the Dow.
Despite issues like inflation, interest rates, the war in Ukraine and other matters weighing on the minds of investors, the Nasdaq managed to sharply reverse direction after a bleak 2022. The index lost about one-third of its value last year due to advertising softness and regular action by the Federal Reserve, which raised interest rates several times in an effort to curb inflation. Even with all of the gyrations, economic indicators like the still-robust real estate market have stubbornly bucked expectations for recessionary decline. Once viewed as inevitable, a recession has still not officially materialized.
For the second time in 2023, Apple cracked the $3 trillion valuation mark, with its shares gaining 2% to $193.97 after establishing a new 52-week high north of $194 earlier in the trading day. The tech giant now has 2 billion active devices in circulation and, despite a slowdown in total revenue in recent quarters, continued momentum in its iPhone business, which accounts for half of all of its sales. Apple shares fared even better than the Nasdaq in the first half of 2023, gaining 45%. They had briefly touched the $3 trillion mark in January before China supply chain issues prompted a pullback.
Improvements in the emerging field of artificial intelligence have helped boost the stocks of many tech companies in recent months, with shares in
Korean content accounted for 50% of SVOD viewership and 42% of freemium viewership across Asia in the first half of 2023, according to a report released by Media Partners Asia (MPA).
Paramount/Skydance’s Mission: Impossible – Dead Reckoning Part One is off and running overseas with a $39.8M cume through Thursday in 48 international box office markets. This includes Wednesday openings in some markets and a strong paid preview program. With domestic’s Wednesday/Thursday plus previews, that brings the global total on the Tom Cruise-starrer to $$63.6M through yesterday.
Lionsgate has furnished more details to investors ahead of its planned split into two publicly traded entities — one centered on film and TV production and the other on media networks, principally Starz.
In one of his final roles before he passed away last year at age 67, Ray Liotta’s turn in the Dennis Lehane-created Apple TV+ limited Black Bird has gotten the venerable Goodfellas star an Emmy nomination for Best Supporting Actor in a limited or anthology series.
The Berlin Film Festival has said it plans to reduce the size of its 2024 program and cull two competition strands as part of a widescale restructure to tackle a serious budgetary hole.
Czech-born French writer Milan Kundera, author of the novel The Unbearable Lightness of Being, has died aged 94, according to Czech media and sources close to the writer.
CBS News has hired Jo Ling Kent to serve as senior business and technology correspondent, based in Los Angeles.
EXCLUSIVE: Deadline spoke to Nordic distributor Scanbox about why it made sense to join new European film and TV studio Vuelta Group, which we revealed earlier this morning.
Facebook. She was 48.«With great sadness, we are here to break the most devastating news: Coco had been suffering from depression for a few years but her condition deteriorated drastically over the last few months,» the sisters wrote. «Although, Coco sought professional help and did her best to fight depression, sadly that demon inside of her took the better of her.»Lee was born in Hong Kong in 1975, then lived in the U.S.
As the cost of living crisis continues to make homeowners and businesses face tough spending decisions, there is one company that is aiming to provide some light at the end of a very dark tunnel.
EXCLUSIVE: As the 57th edition of the Czech Republic’s Karlovy Vary International Film Festival (KVIFF) kicks off Friday, there will be renewed interest in the central European country’s local industry, particularly the curious case surrounding its incentive program for international productions.
Naman Ramachandran Sony Music-owned music distribution company AWAL has launched in India and South Asia, following the acquisition of OKListen, a digital music platform for independent artists and record labels. Based in Mumbai and supported by Sony Music India, AWAL will offer independent artists in the region a range of services including global marketing, creative, synch and brand partnerships, radio promotion and distribution as well as access to real-time music analytics. Vijay Basrur, who founded OKListen in 2012 as India’s first homegrown digital distribution service, has been appointed head of India and South Asia, AWAL, reporting into Lonny Olinick, CEO of AWAL and Vinit Thakkar, managing director, Sony Music India.
News networks continued to focus on the instability in Russia, as Vladimir Putin spoke for the first time since a failed rebellion led by Wagner Group mercenary chief Yevgeniy Prigozhin.
The Match Factory has posted fresh deals of for veteran Italian director Marco Bellocchio’s Cannes 2023 Palme d’Or contender Kidnapped about the true story of the kidnapping of a young Jewish boy.
Leo Barraclough International Features Editor Following the announcement of the North American acquisition by Cohen Media, The Match Factory has revealed further sales in key territories for Marco Bellocchio’s Cannes Competition title “Kidnapped.” The film adapts the true story of the kidnapping of the young Jewish boy Edgardo Mortara, starring Paolo Pierobon, Fausto Russo Alesi, Barbara Ronchi, Enea Sala and Leonardo Maltese. The film has its release secured in the following territories: U.K. and Ireland (Curzon), Australia and New Zealand (Palace Entertainment), Japan (Fine Films), Latin America (Cine Video y TV), Spain (Vertigo Films), Benelux (Cherry Pickers), Switzerland (Agora Films), Poland (Best Film), Portugal (Alambique), Greece and Cyprus (Rosebud.21), Czech Republic and Slovakia (Aerofilms), Ex-Yugoslavia (MCF Megacom), Hungary (Vertigo Media), Baltics (Kino Pavasaris), Bulgaria (Art Fest), Israel (United King Video), Ukraine (Traffic Films), Taiwan (Light Year Images) and Indonesia (Falcon Pictures). Further territories are in negotiation.
@chrislhayes: The ritual humiliation of Hunter Biden—a mainstay of the right-wing media—is an attempt to wage a sort of psychological warfare upon the president. Joe Biden has no control over the actions of his adult son—his sole surviving son—who he obviously loves deeply.
Netflix has debuted the first look at its’ upcoming 3 Body Problem.
Patrick Frater Asia Bureau Chief “Barbarian Invasion” director Tan Chi Mui from Malaysia scored a top result from the SIFF Project Market. The market is a component event of the Shanghai International Film Festival, which wrapped up over the weekend. Tan’s “All About Yuyu” was named as the “recommended project for creativity” at the project market’s closing event. The project, which is already being structured as a Malaysia-China coproduction, is a story that combines contemporary wuxia (heroic martial arts) with youth elements. “I want to make a modern wuxia film to recapture the magical feeling I had when watching films during my childhood,” she told local media.
When “Game of Thrones” showrunners David Benioff and D.B. Weiss wrapped up the award-winning/acclaimed HBO fantasy series, they were initially tapped to tackle their own “Star Wars” films only to bail when Netflix offered them a hefty $200 million deal to develop streaming projects.
Netflix released its first look of the Avatar: The Last Airbender live-action series. Appearing at the streamer’s Tudum global fan event in São Paulo, Brazil, the cast previewed a teaser featuring the elements, which you can see in the video posted above.