Jane the Virgin will become a proud young Zulu woman in a South African remake of the romantic comedy-drama format.
10.11.2022 - 19:15 / deadline.com
Media shares joined the broader market Thursday in a major rally as data this morning showed inflation easing in October. Hard hit tech shares were led by a 10% jump by Amazon.
Google parent Alphabet, Facebook parent Meta and Apple were up 6% or more. Netflix by 4%.
Battered Warner Bros. Discovery, which hit a 52-week low yesterday, posting the lowest close since its merger, is up more than 5%. Paramount Global share have gained nearly 7%. Endeavor is up 6.2% ahead of earnings after the close. And Disney reversed direction after a brutal day yesterday, up nearly 2%. Lionsgate’s long-suffering shares have firmed by nearly 9%.
Giant theater chain AMC Entertainment, a meme stock still and subject to big swings, saw its shares surge nearly 20% with the exhibition stocks all higher.
The upbeat moves follow the monthly Labor Department inflation report showing the Consumer Price Index, or CPI, rose 7.7% last month from a year earlier, repping the smallest 12-month increase since January. The number, better than expected, was down from 8.2% in September.
Inflation of 9.1% back in June was the highest in 40 years. To combat it, the U.S. Federal Reserve led by Jerome Powell has been hiking interest rates aggressively since March, risking recession, and the Fed chief has indicated it won’t stop without convincing evidence that inflation is coming down. A world of higher prices and higher interest rates has been hitting companies, contributing to a string of disappointing quarterly earnings
Core CPI, which excludes food and energy prices, rose 6.3% in October year-on-year, down from 6.6% in September.
The Fed is set to approve another half-percentage-point interest-rate increase in December. But today’s reading is welcome news
Jane the Virgin will become a proud young Zulu woman in a South African remake of the romantic comedy-drama format.
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For the second consecutive month, people are watching more television. Time spent watching TV increased by about 2.2% month-over-month in October, according to Nielsen.
on Netflix, Jenna Ortega teased us with a trendy look that is so in character.Stepping out for The Critics Choice Association's 2nd Annual Celebration of Latino Cinema and Television, Jenna joined the and wore a black dress from Saint Laurent by Anthony Vaccarello. The delicate mesh fabric formed a dramatic silhouette, covering one shoulder with a fully covered sleeve that extended into a glove while the other side remained bare. Underneath, she wore a high-waisted two-piece, a nod to the 1960s series where we first met Wednesday Addams.On her feet, Jenna chose a pair of black platform heels.
Stranger Things creators Matt and Ross Duffer have expanded on what fans can expect from the fifth and final season of their ’80s-set Netflix phenomenon.
Netflix drama The Crown took 1.1M viewers in the UK on its fifth season’s launch day this week. That is miles behind the 7.9M ITV’s I’m a Celebrity… Get Me Out of Here! but the accumulative nature of streamer viewing means the number is relatively meaningless.
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There’s a change at the top of Skydance Television.
Sky and Peacock are forging a TV adaptation of Frederick Forsyth’s The Day of the Jackal with Top Boy showrunner Ronan Bennett attached.
France’s Minister of Culture Rima Abdul Malak appeared to suggest in a radio interview on Monday that a further softening of the country’s strict media chronology rules could be on the cards for the global platforms.