Drafthouse Films recently made waves in the film industry by acquiring Caligula: The Ultimate Cut, a 4K Ultra HD reconstruction of the infamous Tinto Brass movie. This new version of the movie premiered at the Cannes Film Festival in 2023 and boasts never-before-seen footage, alternate takes, and camera angles. Initially released in 1980, Caligula was
In a surprising turn of events, Paramount Global’s board members have decided to engage in exclusive merger discussions with Skydance Media. This move, favored over a $26 billion offer from Apollo Global Management, indicates a strategic shift in the company’s direction. The decision to move forward with Skydance is seen as a more viable option,
U.S. Treasury Secretary Janet Yellen’s recent trip to China highlights the importance of high-level communication between the two countries. Yellen expressed the need for ongoing and deepening dialogue to avoid misunderstandings that can strain the already tense relationship between the U.S. and China. This visit marks her second trip to China since the summer, demonstrating
Disney shareholders made their voices heard as they reelected the media conglomerate’s full board in the face of opposition from activists Nelson Peltz and former Marvel CEO Ike Perlmutter. The defeat handed to Peltz and Perlmutter ended a combative process that had stretched over several months. The decision affirms the board’s leadership and approves of
The tech giant Intel faced a significant setback with a 7% drop in its stock price after revealing a $7 billion operating loss in its semiconductor manufacturing business in 2023. Spotify Technology experienced a positive surge of more than 5% following reports of increasing prices for its premium subscription service in various markets, including the
Following the release of data showing a slowdown in U.S. services industry growth in March, global stocks rebounded and bond yields retreated. This data suggested that inflation may be slowing but not enough for the Federal Reserve to consider interest rate cuts. Market expectations for rate cuts as early as June were challenged this week
Film Movement has recently acquired the North American rights to the mesmerizing film “Close Your Eyes” directed by the talented Spanish filmmaker, Victor Erice. This acquisition marks a significant step for the film and is set to have a theatrical release in late summer. “Close Your Eyes” delves into the enigmatic disappearance of a renowned
The recent news of Spotify planning to increase prices for its premium subscription service has caused a stir in the market, with shares jumping by 6% on Wednesday. This move comes as the company’s second price hike within a year, signaling a shift in the company’s pricing strategy. According to a Bloomberg report, Spotify is
The European Central Bank (ECB) is considering the possibility of cutting interest rates in June as inflation levels are expected to drop faster than previously anticipated. Robert Holzmann, an Austrian policymaker and member of the ECB’s Governing Council, emphasized the importance of not moving too far ahead of the U.S. Federal Reserve in order to
Factory workers at Mercedes Benz’s assembly plant in Vance, Alabama, are taking steps to join the United Auto Workers (UAW) union. They are planning to submit a petition to U.S. regulators this week, aiming to initiate a formal election process to unionize the workforce. The move comes after a majority of the approximately 6,000 employees