Quarterly Earnings Slump Adds to Humiliation of Alibaba

Haven Warren, the second born daughter of Jessica Alba and Cash Warren, has chopped off her hair!

Jordan Moreau With no major movies on the horizon, the summer slowdown as continued at the box office. Universal’s action movie “Beast,” starring Idris Elba,” picked up just $925,000 in Thursday previews after launching in 2,900 theaters.

Rene Rodriguez Shot during the pandemic and set on May 30, 2020 — just a few days after the death of George Floyd during an arrest by the Minneapolis Police Department — “Traveling Light” is an experimental attempt at social commentary that fails to provide any insight, emotion or even entertainment of the most basic kind. Nearly a year after its weird-fit premiere at genre-focused Beyond Fest in Los Angeles, this scrappy COVID-era quickie from eclectic director Bernard Rose (who made the original “Candyman”) opens today in New York and Seattle, with other cities to follow.It seems Rose was aiming for a loose riff on “The Discreet Charm of the Bourgeoisie,” focusing on a gathering in the Hollywood Hills of the followers of a self-proclaimed guru/prophet (Danny Huston), where everyone drinks a concoction spiked with an unnamed hallucinogenic and eventually line-dances while chanting “Hare Hare,” even though there isn’t a single Hare Krishna in sight.

TIFF announced its Short Cuts section today comprised of 39 live-action narrative, documentary, and animated short films from directors repping 18 countries.

Patrick Frater Asia Bureau ChiefTencent, the Chinese games and social media giant, revealed a more than 50% drop in profits for the three months to June 2022, the second quarter of its financial year. The figures were affected by a slowing economy in China, an operating environment made harder by regulatory changes and a slowdown in video games as users adjusted to post-pandemic activity.Net profits for the quarter weighed in at RMB19.2 billion ($2.83 billion), which represented a 55% slump compared with the same quarter in 2021, and down 19% compared with the first quarter of the current year.

The News Guild of New York. At least 20 papers across the country have been affected so far, though there is not yet an official tally for how many employees have lost their jobs.

Todd Spangler NY Digital EditorThe Walt Disney Co. powered up a strong June quarter, highlighted by a 14.4 million gain in Disney+ streaming subscribers and a robust rebound in theme park revenue — topping Wall Street expectations on most metrics.Disney+ paid customers stood at 152.1 million as of July 2, the end of the conglomerate’s third quarter of fiscal 2022.

Disney+ added 14..4 million subscribers, smashing past expectations for an add of about 10 million. DTC subs all in totaled 221 million for the company’s fiscal third quarter ended in June. The stock is up 6%.

Turning the Tables with Robin Roberts” will be returning for a second season on the platform. Robin Roberts, a co-anchor of ABC’s “Good Morning America,” hosts and executive produces the series.

Newly minted Warner Bros. Discovery posted hefty losses and $9.8 billion in revenue at its landmark first earnings report since Warner Media and Discovery formally tied the knot.

Jessica Alba’s eldest daughter is taller than her! The actress and businesswoman took to social media to share a snap alongside her teenage daughter, Honor.

Patrick Frater Asia Bureau ChiefJapanese electronics and entertainment group, Sony Group Corp. revealed JPY2.31 trillion of revenue ($17.5 billion) in the three months between April and June, representing the first quarter of its financial year. Group profits JPY218 billion ($1.65 billion) in the quarter were.

Jessica Alba is the cover of Glamour’s latest issue. During the edition, she spoke about her family, business, and how it has been for her to be a Latina in Hollywood. Alba, of Mexican descent, told the publication that her wedding with Cash Warren was spontaneous and before a doctor’s appointment.

In its first full quarter of results, TelevisaUnivision reported a modest uptick in revenue and reiterated its belief in having a unique market opportunity, though its adjusted income faltered due to investments in streaming.

Plans for a permanently pedestrianised Stevenson Square have been unveiled. The Northern Quarter square has been closed off to motor traffic since 2020 on a temporary basis.

Jessica Alba is sharing her thoughts on the Marvel Cinematic Universe, explaining that there are still some improvements that should be made in the entertainment industry, when it comes to diversity and inclusion. The ‘Fantastic Four’ star, who recently celebrated her 18th anniversary with Cash Warren, revealed some of her experience in Hollywood, sharing that she had difficulties finding lead roles as a Latina.“If you look at the Marvel movies — that’s the biggest driver of fantasy and what’s happening right now in entertainment, because it’s sort of the family thing — it’s still quite Caucasian,“ she declared.“It’s a business initiative for people now that they realize how much money they can make,“ the actress and entrepreneur said in reference to the recent changes that have taken place gradually in the industry.She continued explaining that it is something executives “care about, which is fine.