EXCLUSIVE: UK production and distribution firm 108 Media has acquired a majority stake in Singapore-based animation studio Robot Playground Media (RPM).
16.06.2022 - 19:17 / deadline.com
Shares resumed a downward trajectory today after a brief respite as markets digested a major rate hike by the U.S. central bank and comments by Fed chief Jerome Powell. A decisive Fed move to raise interest rates by three quarters of a percentage point boosted shares briefly Wednesday but optimism faded quickly with major indexes all down sharply.
The Dow is off more than 700 points, the Nasdaq and S&P 500 are down, respectively, 4% and 3.2% after the biggest rate hike since 1994. Powell said at a press conference that the Fed’s Open Market Committee could announce another similar raise at its July meeting (it upped rates by half a point last month) to try to tame soaring inflation, which is at a 40-year high.
Entertainment shares are taking a bath with Warner Bros. Discovery down 9%, among the hardest hit, as JP Morgan initiated coverage today with a ‘neutral’ rating and a price target of $22.
Paramount is off by 6%, Comcast by 5%. Netflix by 3%, Disney by 1.3%. BofA analyst Jessica Reif Cohen said in a note this morning that “recent macro volatility is starting to have an impact on the advertising market. While companies that spend into a recession often emerge stronger, the market is tepid due to advertiser concerns over labor shortages, inflation and supply chain issues.”
Tech is also hurting with Facebook parent Meta, Google parent Alphabet, Amazon, Apple, Snap and Spotify all lower.
Twitter is a rare stock in the green, up 0.55%. Elon Musk is reportedly set to address Twitter staff in an all-hands on deck virtual meeting later today as his will-he-won’t-he $44 billion takeover of the social media platform, while tortured, still seems be on the table.
The looming question is whether the Fed can engineer a so-called “soft
EXCLUSIVE: UK production and distribution firm 108 Media has acquired a majority stake in Singapore-based animation studio Robot Playground Media (RPM).
A post shared by Robert Trujillo (@robtrujillo)This isn't the first time the show has brought attention to great music. Earlier this year, Kate Bush's 1985 track, «Running Up That Hill,» got major attention after playing in an episode. The singer reacted to the resurgence of her track in a post on her website, saying she was «really moved.»«The Duffer Brothers have created four extraordinary [seasons] of in which the child actors have grown into young adults,» Bush wrote, referring to Matt and Ross Duffer, who created the Netflix series.
The mountains are as gorgeous as ever, the deal climate not so much as boutique investment bank Allen & Co. prepares to host its annual Sun Valley retreat. After guests arrive on Tuesday, official activities get under way Wednesday.
Todd Spangler NY Digital EditorBlame it on Vecna.Netflix’s streaming service was unavailable for a brief period early Friday after the highly anticipated release of the final two episodes of “Stranger Things 4.”According to global uptime-monitoring site Downdetector.com, user reports of problems with Netflix spiked right around 3:01 a.m. ET — when “Stranger Things 4” Volume 2 went live.
Netflix has officially unveiled the full cast for their upcoming dark Greek mythology based series, Kaos.
described by Netflix as a “genre-bending series” that puts a “modern twist on Greek and Roman mythology, exploring themes of gender politics, power and life in the underworld.” “I’m absolutely thrilled to be making ‘Kaos,’ and I can’t think of a more exciting or dynamic team of people to bring everything to life. Georgi [Banks-Davies] and Runyararo [Mapfumo] are both visionary directors with pleasingly dark senses of humor — I’m delighted to be working with them both,” Covell said, according to Deadline, which first reported on the “Kaos” cast. “I believe I’m still in shock at the news that Hugh Grant has agreed to play Zeus — this was my dream.
EXCLUSIVE: Hugh Grant (The Undoing), Janet McTeer (Ozark), Cliff Curtis (Avatar: The Way of Water), David Thewlis (Fargo), Killian Scott (Dublin Murders), Misia Butler (The School for Good and Evil), Leila Farzad (I Hate Suzie), Nabhaan Rizwan (Station Eleven), Rakie Ayola (The Pact) and Stanley Townsend (The Current War) have signed on for series regular roles alongside Aurora Perrineau in Charlie Covell’s mythological epic Kaos for Netflix, which will go into production later this summer.
Kate Aurthur editorThe fourth season of Netflix’s “Stranger Things” has been unlike its previous seasons both in tone (this time, it’s full horror) and the length of the show’s episodes (the finale, one of the two Volume 2 episodes premiering on July 1, will be two-and-a-half hours). But according to Matt and Ross Duffer — collectively known as the Duffer brothers — they had no other choice.In an interview for Variety’s Showrunners Sitdown With Kate Aurthur presented by FX, the Duffer Brothers said that because of how “Stranger Things 4” was structured, with its four distinct storylines, “If you look at one of the episodes — like, you couldn’t cut it out 15 minutes early,” Matt Duffer said. Ross Duffer cited the finale as an example: “Reel one is build-up dread.
Jerry Seinfeld has rounded up half of Hollywood for a sweet treat called “Unfrosted: The Pop-Tart Story”.
Jerry Seinfeld has assembled a stellar cast for his Netflix comedy Unfrosted: The Pop-Tart Story, with Melissa McCarthy (God’s Favorite Idiot), Jim Gaffigan (Linoleum), Amy Schumer (Life & Beth), Hugh Grant (The Undoing) and James Marsden (Sonic the Hedgehog 2) signing on for roles, along with Jack McBrayer (Hello, Jack! The Kindness Show), Tom Lennon (Reno 911!), Adrian Martinez (iGilbert), Bobby Moynihan (Saturday Night Live), Max Greenfield (The Neighborhood), Christian Slater (Dr. Death) and Sarah Cooper (Sarah Cooper: Everything’s Fine). In addition to co-writing and directing the film, in his feature debut, Seinfeld is set to star, as we told you first.
Rebecca Rubin Film and Media ReporterJerry Seinfeld is cooking up an A-list ensemble to star in “Unfrosted: The Pop-Tart Story,” a movie about the creation of the popular breakfast treat.Melissa McCarthy, Jim Gaffigan, Amy Schumer, Hugh Grant and James Marsden will headline the upcoming Netflix film alongside Seinfeld, who is also writing and directing the movie.Set in 1963 Michigan, “Unfrosted” is described as “a tale of ambition, betrayal, sugar, and menacing milkmen.” Inspired by a bit in Seinfeld’s latest stand-up special “23 Hours to Kill,” the silly story unfolds as sworn cereal rivals Kellogg’s and Post race to create a pastry that will change the face of breakfast forever.The stacked call sheet also includes Jack McBrayer (“30 Rock”), Tom Lennon (“Reno 911”), Adrian Martinez (“iGilbert”), Bobby Moynihan (“Saturday Night Live”), Max Greenfield (“New Girl”), Christian Slater (“Dr. Death”), Sarah Cooper (“Sarah Cooper: Everything’s Fine”).
Netflix released a first-look teaser for its upcoming holiday season special Roald Dahl’s Matilda the Musical, with Alisha Weir as the title character, a little girl with an extraordinarily vivid imagination. The film adaptation, written by Dennis Kelly, adapted from the Tony and Olivier award-winning Royal Shakespeare Company’s production of the stage’s Matilda The Musical, also stars Emma Thompson as Miss Trunchbull), and Lashana Lynch, Stephen Graham, Andrea Riseborough and Sindhu Vee.
new to Netflix in June include “Anchorman: The Legend of Ron Burgundy,” “Mission: Impossible,” “The Amazing Spider-Man,” “The Hurt Locker” and “Titanic.”The following batch of films offers something many an audience member, from the heartfelt stories that have their ups and downs, animated films that still teach solid lessons and even an inspirational sports movie. Read on to discover or re-discover the best new movies on Netflix this month.Boasting a brilliant cast of powerful female actresses, “Steel Magnolias” compliments “Hustle” and “We Are Marshall” in the vein of triumphs and tragedies.
Marc Malkin Senior Film Awards, Events & Lifestyle EditorSPOILER WARNING: THIS STORY CONTAINS DISCUSSION OF MAJOR STORYLINES AND SCENES IN “INTERCEPTOR.”First-time director Matthew Reilly admits he never anticipated his feature film debut “Interceptor” to do as well as it has since its release on Netflix earlier this month. The movie, which follows a U.S.
Dismal monthly inflation data hit stocks Friday with tech, internet and media taking a beating and Goldman Sachs slapping rare ‘sell’ rating on Netflix and a few others.
Bollywood star Ranveer Singh is heading into the harsh forests of Serbia with adventurer Bear Grylls in an interactive special for Netflix India.