“It was like a palace of pitching. There’s never been any place like it.”
13.06.2022 - 19:31 / deadline.com
The S&P 500, down more than 3% in late-morning trade, fell into bear market territory Monday – defined by a dip of more than 20% from its most recent high — with little upbeat news on the horizon and not much going well on three key fronts: surging inflation, rising interest rates and the Russia-Ukraine War.
The Nasdaq, with its higher concentration of technology shares, has been in a bear market for months.
The DJIA is down 700 points right now, off its lows at least, and the Nasdaq and Russell 3000 are also in the red in moves that echo steep losses Friday after inflation hit a 40-year low. This is one of the market’s toughest stretches and worst start-of-the-week openings in years as inflation hits consumers and companies alike fueled in part by the war that’s caused a disruptions including in global energy markets and grain supplies.
A series of interest rate hikes by the Federal Reserve to cool things down have had no apparent impact. The Fed will kick off its latest two-day meeting Tuesday, where it had been expected to boost rates by half a percentage point for the second month in a row. But the thinking seems to be now that central bank was behind the curve on rates and is considering a bigger hike when it announces one Wednedsay.
The balancing act is that if interest rates get too high that can push the nation into recession.
Every sector is being punished with crypto sinking too (Bitcoin was at its lowest level since late 2020).
In media, Warner Bros. Discovery and Paramount are down by more than 7%; AMC Networks and Netflix are off by 6%, Lionsgate by 5%, Disney by 4%, Fox by 3% and Comcast by 2%.
Roku, Fubo and Snap are all down around 10%. Amazon, Meta Alphabet and Apple are down down, Amazon the most.
Exhibitors
“It was like a palace of pitching. There’s never been any place like it.”
Pink Floyd have announced a physical release date for their Ukraine benefit single ‘Hey Hey Rise Up’, which marked the rock titans’ first new song in 25 years when it arrived digitally back in April.The new song will be available as both a seven-inch vinyl and CD single on July 15 in the UK, Europe and other markets, while it will be released on August 3 in Japan. In North America, Canada, Australia and Mexico, it will arrive on October 21.The B-side will feature a reworked version of ‘A Great Day For Freedom’, from Pink Floyd’s 1994 album ‘The Division Bell’, reimagined by David Gilmour based on the original tapes for the track.‘Hey Hey Rise Up’ was recorded in March of this year.
Brad Pitt and Angelina Jolie locked in a legal battle that raged for years. And just when you thought Johnny and Amber had stolen the toxic exes crown, the OGs are back.
© GETTY jane seymour dress bikini age pictures instagram monte carlo films news latest update The actress looked ever the A-list star as she walked the red carpet in the tight-fitting garment, which she accessorised with a pink and yellow scarf draped over her arms. © GETTY jane seymour dress bikini age pictures instagram monte carlo films news latest update Jane added a touch of glam to her outfit with a huge pearl necklace, matching earrings and rings. © GETTY jane seymour dress bikini age pictures instagram monte carlo films news latest update She wore a pair of strappy white heels which added to her summery vibe. © GETTY jane seymour dress bikini age pictures instagram monte carlo films news latest update Jane looked fresh-faced as she wore a natural face of make-up, complete with a nude lip, as she swirled around for snaps. © GETTY jane seymour dress bikini age pictures instagram monte carlo films news latest update
Todd Spangler NY Digital EditorDNEG, a U.K.-based visual effects and animation house whose customers include Netflix and major Hollywood film studios, has called off plans to go public amid the broad global slump in financial markets.In January, DNEG had announced plans to merge with Sports Ventures Acquisition Corp., a special purpose acquisition company (SPAC), in a deal valuing the company at $1.7 billion. The duo had previously expected that to close in the first half of 2022.On Thursday, the companies announced the termination of the agreement as a result of “current unfavorable SPAC market conditions” and other factors.
Actor Kevin Spacey received an unconditional bail from a U.K. court in his sexual assault case Thursday.
Filmmaker Joseph Kosinski (“Oblivion,” “Only The Brave”) is having a hell of a year. His first film of 2022, a little movie called, “Top Gun: Maverick” had been the number one movie in the world at the box office, and is currently the #1 domestic movie of the year, having grossed over $400 million stateside, even beating out Marvel’s “Doctor Strange In The Multiverse of Madness.” Having grossed $755 million so far and maybe on its way to cracking $1 billion, Kosinski has yet another movie on the way.
Ben Croll Beginning midday at the halfway mark of a weeklong expo, Netflix’s first ever animation showcase was in many ways the centerpiece event of this year’s Annecy Animation Film Festival.Over the course of a ninety-minute presentation hosted by Variety’s Peter Debruge, executives and creative teams previewed upcoming films and series from the streamer’s adult, family, and preschool divisions while directors Henry Selick and David Fincher beamed in with behind-the-scenes looks at projects “Wendell & Wild” and “Love, Death & Robots” released episode “Bad Travelling” and rapper Kid Cudi made a surprise appearance to boost his visual-album “Entergalactic.”And then Guillermo del Toro took the stage, receiving a hero’s greeting as he announced, “Animation is not a f—ng genre. Animation is film!” When the cheers died down, he world premiered eight minutes of footage, finished and unfinished, from his stop-motion fable about a wooden boy with a borrowed soul.
John Hopewell Chief International CorrespondentAfter a virtual edition in 2020 and a hybrid outing last year, this week’s Annecy International Animation Film Festival looks set be back with a bang, fully and only onsite.It also says a lot about the animation industry’s robust fundamentals. This and nine other takes on this week’s huge French animation reunion, which runs June 13—18:Annecy’s Biggest Fest EverFrance’s Annecy Festival, the biggest event in the animation world, looks set for its largest edition ever. Accreditation numbers were heading towards a final 13,000, artistic director Marcel Jean told Variety mid-week.
Selome Hailu Showbiz has returned to an in-person TV awards season, meaning that Hollywood is gathering Emmy voters and contenders for panels and parties on a nightly basis. But the best dinner of awards season may not be served in L.A.
Gallery: 'I remember he took the foil off of this bottle and put it on my ring finger. . . ' The lovers who fell for Amber Heard (BANG Showbiz)The rep told PEOPLE: "It's unfortunate that after she properly and legally exited the business, Mr.
As the first CEO and cofounder of Netflix, Marc Randolph knows a thing or two about turning a simple dream into a success story. In his internationally best-selling book, That Will Never Work: The Birth of Netflix and The Amazing Life of an Idea, the Silicon Valley mogul shares tips, tricks and secrets that he’s learned in his four decades as an entrepreneur.
Brad Pitt wants his day in court!
It became the speech heard around Hollywood — Jeff Sagansky’s blistering comments last week about the adverse impact the proliferation of the streaming-driven “cost plus” business model has had on profit participation struck a chord in the industry. A week after Deadline wrote about the media investor and producer’s speech at a NATPE event, the discussion over the issue continues, with agencies and unions mulling ways to step in and help the creative talent they represent.
Battle of the exes. Brad Pitt filed a lawsuit against his ex-wife Angelina Jolie in February 2022, claiming that she illegally sold her shares of Miraval, a French company including a chateau and vineyard that the former couple purchased together in the south of France.
Brad Pitt and Angelina Jolie’s legal battle is far from over, now that the actor has accused his ex of seeking to intentionally harm the wine business they co-owned together since 2008 in the South of France, as she is selling her part of the business and he is not happy about it.The Hollywood actor is suing Angelina for selling her stake in Château Miraval, which was previously bought for 25 million euros, detailing that they previously agreed they would not sell their half without permission of the other, making it a “violation of the parties’ agreement.”Pitt described Jolie’s buyer, who is Russian billionaire Yuri Shefler, as “a stranger with poisonous associations and intentions,” stating that he does not approve of her actions.He also explains that the actress has “contributed nothing” to the business he “carefully built,” growing it into a “multimillion-dollar international success story,” and he claims that the sale has launched a “hostile” takeover.The legal documents also state that “Through the purported sale, Jolie sought to inflict harm on Pitt,” adding that “Jolie knew and intended that Shefler and his affiliates would try to control the business Pitt had built and to undermine Pitt’s investment in Miraval.”The lawsuit states that the new buyer “has gained notoriety through cut-throat business tactics and dubious professional associations” and making the sale would jeopardize “the reputation of the brand Pitt so carefully built.”And while Angeline has yet to respond, Pitt described the success of the business in the lawsuit, declaring that “though she benefited from Miraval’s success, Jolie had no involvement in these efforts.”
Brad Pitt is prepared to take Angelina Jolie to court, Fox News Digital can confirm. Pitt, 58, accused Jolie, 47, of intentionally seeking to "inflict harm" on him by selling her interest in the former couple's vineyard, Château Miraval.The "Moneyball" actor claimed Jolie sold her interest in the vineyard without his consent, something they had previously agreed was a requirement.