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The One Chart That Explains Why Netflix Cleaned House
(Welcome to my weekly streaming ratings report, the single best guide to what’s popular in streaming TV and what isn’t. I’m the Entertainment Strategy Guy, a former streaming executive who now analyzes business strategy in the entertainment industry. If you were forwarded this email, please subscribe to get these insights each week.) Yeah, I’ll be honest: I went with a clickbait-y headline today. One chart? That explains everything? That’s as clickbait-y as it gets. But let’s be real. I’m analyzing a dataset that I’ve built over six years, and c’mon, I never write articles which feature just one chart! If you think this article—which includes a level of data detail unheard of in journalism twenty years ago—is clickbait, fine by me. Really, what I’m doing is using data to explain Netflix’s recent strategy changes, since the story of the month is the turbulence at Netflix. First, head of content Bela Bajaria was fired. Then head of film Dan Lin followed her to the unemployment ranks. (Along with, sadly, 1,000 other Netflix workers.) And then Netflix delivered a “sub-optimal” earnings report, which continued their year-long stock price slide. Then came a flood of articles explaining why all this is happening. (Mine’s coming shortly, rest assured.) I realized I had the perfect chart to explain Netflix’s woes. Specifically, Nielsen’s weekly top ten charts. Usually I focus on one or two weeks in my Streaming Ratings Reports, but sometimes it’s worth stepping back to look at the larger story. And hoo boy, what a story. This article is my annual (plus three months) follow-up to one of my most popular articles of last year. (And a topic I’ve been visualizing for the last half decade.) Subscribe Netflix’s Share of The Nielsen Charts Continues to Decline
International virtuoso returns to Grand Piano Series
“What long lines, what concentration, what focus, and all seemingly effortless.”
'Heated Rivalry' made hockey hot. But some fans say the sport's culture is leaving them out in the cold.
"Heated Rivalry" has sparked a hockey mania. But as fans rush to rinks, they also see opportunities for more inclusion.
Patriots Playmaker Named Potential Trade Chip by FOX Sports
The NFL trade deadline is approaching, and various writers are listing their top candidates who could be traded for their respective teams. For the New England Patriots, Fox Sports’ Henry McKenna had an interesting name. Running back TreVeyon Henderson was his choice for this article. Henderson has 49 carries for 194 yards and a touchdown […] The post Patriots Playmaker Named Potential Trade Chip by FOX Sports appeared first on HEAVY.
AU report raises red flags on these Ga. health problems
The 2026 “Healthy Georgia: Our State of Public Health” report, produced by the Institute of Public and Preventive Health, compiles the latest available numbers on 31 health topics.
Disgraced eMudhra drops out of TLS business following certificate debacle
Flubbed key signing "ceremony" allowed minting of Web credentials for any site.
Former Michigan Star Yaxel Lendeborg Bashes Luka Dončić, NBA
Former Michigan star Yaxel Lendeborg blasts Luka Dončić over flopping and complaining after his NBA debut, saying he has lost all respect for him.
Told he was science fiction: Now the tissue he printed restored people's sight
A decade after founding Precise Bio, five patients at Rambam Health Care Campus have already received corneal implants produced by the company. And what about printing other organs?
Clavicular pleads not guilty to raping a 17-year-old
'Looksmaxxing' influencer Braden Peters, a.k.a. Clavicular, has pleaded not guilty to charges that he raped a teenager at his family home.
Former Texans star J.J. Watt officially replaces Tony Romo as CBS Sports' lead NFL analyst
Former Houston Texans star J.J. Watt has signed a multi-year deal to permanently replace Tony Romo as CBS Sports' lead NFL analyst alongside Jim Nantz and Tracy Wolfson.
Study on 500K People Shows Best Way To Drink Tea For Heart Health
The best temperature, amount, and type of tea.
University of New Haven Student Explores the Power of Peer Support in
University of New Haven Master of Public Health student Donrine Adeyinka Theo Harding ’28 MPH reflects on a Born This Way Foundation event exploring how peer support, mental health education, and mean
4 Knicks Keys To Victory For Friday’s Matchup Versus Celtics
After falling in their season opener on Tuesday, the New York Knicks will travel to TD Garden to play the Boston Celtics on Friday. Boston lost their season opener in Detroit on Tuesday, so both of these preseason top Eastern Conference teams will be vying for their first win of the campaign. Here are four …
CSU’s Ties with TimelyCare Raise Red Flags for Student Mental Health
Two weeks ago, we raised alarms over CSU management’s strange fixation on TimelyCare and their push to enter into a systemwide contract with the private,
Baker Mayfield: 'Take Care of Business' vs. Carolina
Tampa Bay Buccaneers Quarterback Baker Mayfield spoke to the media following Thursday's Week 7 practice. QB Baker Mayfield discussed his recovery process, what he learned from the sidelines and taking things one day at a time.
GOP player in ‘ghost’ candidate scandal behind texts slamming AG candidate
Alex Alvarado’s political action committee sent the texts attacking Jose Javier Rodriguez, the Democrat running for Florida attorney general, and was an early supporter of Republican Attorney General James Uthmeier’s campaign.
JJ Watt signs a multi-year deal to stay as CBS' lead NFL analyst
JJ Watt joined play-by-play announcer Jim Nantz and sideline reporter Tracy Wolfson after Tony Romo went on leave following his July 23 arrest in Wisconsin. The former Dallas Cowboys quarterback pleaded no contest to charges of operating a vehicle while intoxicated.
Northeastern graduate makes eco-friendly flower arrangements that last
Mohlia’s preserved flowers last for years and cut floral waste. Founder Simran Mohinani says her Northeastern co-ops shaped how she leads.
Ashley Graham joins Business Insider's The Long Play on October 29
Ashley Graham will take the stage at The Long Play, Business Insider's inaugural flagship event taking place October 29 in New York City.
2026 NFL Madrid pregame entertainment announced
The NFL announced that Pablo Sáinz-Villegas and Taylor Momsen will perform the national anthems of Spain and the United States prior to the 2026 NFL Madrid Game.
Inflation at the movies: Runtimes are longer, from ‘The Odyssey’ to ‘You Can See Everything’
Your bladder isn’t lying.
Inflation at the movies: Runtimes are longer, from 'The Odyssey' to 'You Can See Everything'
Your bladder isn’t lying | Talk 1370
How well have past GOTY winners sold?
We’re less than two months away from 2026’s The Game Awards, and what a year it’s been for fantastic games, including Resident Evil Requiem, Forza Horizon 6, Slay the Spire II, the Blood of Dawnwalker, and Control Resonant – just to name a few. So as we approach the end of the year, we thought we’d look back on our estimates for the GOTY winners of the past four years. In terms of revenue, Elden Ring (2022 winner), Baldur’s Gate 3 (2023), Astro Bot (2024), and Expedition 33 (2025) have generated a combined $3.8B via 73M copies sold: Let’s have a look, then. Elden Ring has generated $2B in revenue Elden Ring is a phenomenon in every sense. It’s sold a whopping 36.4M copies across Steam (50%), PS5 (35%), and Xbox (15% across console and PC). Want more free estimates and insights in your inbox twice a week? Subscribe below! Subscribe Elden Ring also just passed an astronomical milestone: $2B in revenue. While PlayStation and Xbox account for half of Elden Ring’s copies sold across these three platforms, they account for 57.5% of revenue. This – as ever – is due to regional pricing and the higher relative share of PC gamers in lower-priced markets. For example, around 17.4% of Elden Ring’s Steam copies sold were in China, where the game costs about 26% less than the price in the States. There’s an … interesting narrative going around these days that console gamers are only interested in ball-and-gun games and have the patience for little else. Well, Elden Ring’s impressive sales prove that is simply not true, and across all platforms. What’s more, over 9.8M people have played Elden Ring for over 100 hours, with nearly 3.5M people getting all of the achievements and trophies. For reference, 10.9% of Elden Ring’s PlayStation players have the platinum trophy, while 10.5% of players on Steam and 3.9% of Xbox players unlocked all the achievements. Git gud, Xbox players! Of the 1.5M people who played Elden Ring on PlayStation last month, 4% also played Dark Souls 3 last month, 4% played Bloodborne, and 3% played Sekiro. There’s those Soulsborne diehards for you. By many accounts, including my own, Elden Ring is one of the best games of all time. It’s an evergreen seller that will continue to be a cash cow for Bandai and FromSoftware for years to come. Want more free estimates and insights in your inbox twice a week? Subscribe below! Subscribe Elden Ring has sold another 2M copies across Steam, PlayStation, and Xbox this year, generating almost $110M. This means it’s outperforming many of this year’s high-profile releases. Even Elden Ring’s standalone run-based PvE spinoff, 2025’s Nightreign, has sold 7.8M copies and generated $282M in revenue. Baldur’s Gate 3 is another billion-dollar-plus banger Another cross-platform phenomenon is Baldur’s Gate 3, which has sold 23.2M copies and generated over $1.2B in revenue. About 18.7M of these copies (80.6%) are via Steam, 2.9M via PS5 (12.7%), and 1.6M (6.8%) via Xbox. Around 1.3M folks on Steam bought BG3 before it hit 1.0. The PlayStation version launched about a month after the PC 1.0 release, while the Xbox version came four months later due to technical issues around developing local co-op on the Series S. Want more free estimates and insights in your inbox twice a week? Subscribe below! Subscribe Across platforms, Baldur’s Gate 3’s monthly active users have never dropped below 2M, including 2.2M MAUs last month (68.5% on Steam, 21.9% on PS5, and 9.6% on Xbox). And it still regularly brings in 280K to 400K players every day: About 1% of BG3’s Steam player base has played for over 500 hours! That’s a little under 200K people. Astro Bot is also an evergreen seller, albeit a more niche, family one Astro Bot, 2024’s winner, has now sold 4.7M copies and generated $291M in revenue. The budget, including marketing, is almost certainly under $100M, given the small Japan-based core team and three-year dev timeline. You can really see why the tides are changing toward less expensive hubs. Astro Bot is the only first-party winner on this list, but follows other first-party winners of The Last of Us Part II (2020’s winner), God of War (2018), and Breath of the Wild (2017). Around 46.6% of Astro Bot’s copies sold have been physical, which is far higher than the typical game. This makes sense for a couple of reasons: There’s a large family audience for this one, and physical boxes are an item to wrap when giving Astro as a gift. Astro has collector value for the PlayStation core (this is nostalgia-fueled platformer celebrating PlayStation’s history) Want more free estimates and insights in your inbox twice a week? Subscribe below! Subscribe Astro is another one of those games that continues selling over time, regularly selling more than 100K a month. It’s sold around 1M more copies this year ($60M in revenue) and is a popular title with families. We can see this using the Alinea platform’s MAU crossover tool: Astro Bot’s top #2, #3, and #4 games by crossover in any given month this year are Minecraft, Fortnite, and Roblox – without fail. The #1 title every month, though, is Astro’s Playroom, a pack-in with all PS5 consoles. For every month this year, between 20% and 30% of Astro Bot players also played Astro’s Playroom that month. So the free pack-in is a noice funnel for converting players to a full paid product. Expedition 33 sells 8.7M despite Game Pass cannibalisation Finally, we have last year’s winner – Expedition 33. The turn-based-RPG banger has generated $366M via 8.7M copies sold, with 58.8% on Steam, 35.7% on PS5, and 5.5% on Xbox. Xbox’s share of copies sold is this low due to Expedition 33 launching on Game Pass, where 4.3M people across console and PC accessed the game. A little under 700K Xbox players used their subscription to play Expedition 33 this year. That said, the game’s 1.5-year Game Pass deal ended last week on October 16, and we’re already beginning to see a positive trend on Expedition 33’s copies sold via Xbox (but the jury’s still out!). There’s understandably a lot of French pride behind this one, as France is the game’s #3 market on both Steam and PlayStation. Vive la France! One thing that stood out to me is that the GOTY winners aren’t $300M Hollywood productions made in the US. They’re mostly mid-budget studios outside the traditional AAA cost centres. Lots to think about there. Also, good games sell well; who’d have thunk it!? And there’s a whole load of them this year, with GTA 6 still to come, too. GTA just made the cutoff point for the VGAs this year. What a coincidence! Loading... Cool links and other stuff Our physical games newsletter from Tuesday was picked up by GameSpot, Eurogamer, TweakTown, and a bunch of others. We’re offering a free trial of our platform for games companies. Send us a message here, or reply right here on Substack/email, and we’ll set you up. Next week, we’ve got some exciting news regarding the future of our newsletter, so stay tuned! The last word Reply to this email – or reach out here – if you have any feedback for the newsletter – or want to request a game for us to cover. Want to see why these companies (and many others) are subscribed to Alinea? Get a free platform trial! [Alinea Analytics boasts the most accurate PC and console estimates in the business. Game makers use our platform to understand their audience, keep an eye on the competition, monitor sales trends, and spot new opportunities. We equip game studios and financial institutions with accurate data and the confidence to make smarter, data-driven decisions. Want to talk about all things games market data? We’d love to chat!]
N.Y. state calls on agencies to keep budgets flat
The warning comes as the state is already facing projected budget gaps in the coming years.
Two CVSS 9.0 Linux KSMBD RCE Flaws Disclosed on Public Mailing Lists Before Kernel Fixes
Two CVSS 9.0 flaws in Linux KSMBD could enable remote code execution; one needs no authentication, and neither has a mainline fix.
Business student finds room to pursue big goals at Oglethorpe
Already a decorated equestrian, business administration student Kat Fuqua '30 reflects on how OU has helped her pursue her passions.
Summit County Public Health offering updated COVID-19 vaccines
Summit County Public Health has begun to offer the updated COVID-19 vaccine. Here's how to get it.
Indoor golf facilities a booming business across the state
Indoor golf is booming in Delaware as Flight Indoor Golf and Back Nine Golf open, expand, and draw year-round players.
NYC Health + Hospitals Encourages New Yorkers to Receive Their Annual Flu and Covid-19 Vaccinations during Respiratory Virus Season
NYC Health + Hospitals today announced that the 2026–2027 updated influenza and COVID-19 vaccines are now available for patients at its hospitals and
Next Woman Up: Jamie Meeks, Director of Sports Nutrition for the New Orleans Saints
In this installment of the Next Woman Up series, Saints director of sports nutrition Jamie Meeks discusses being the first full-time dietitian at LSU, preparing for the Saints' Paris game and leaving an impact in her profession.
Healthcare shouldn’t be so hard; health literacy can help
OPINION — A visit to the doctor may get you a diagnosis. A trip to the pharmacist fills the needed prescription. Your health plan has all sorts of information about benefits. Healthcare. Straightforward and easy to understand, right? Eye roll. Laugh stifled.
"The Diplomat" reminds us that political couples used to be smart
Netflix’s hit drama recalls eras when presidents and their spouses were intellectual equals
Science Lab: Dear Cowboys, run the ball.
Welcome to "The Science Lab", a place where football facts and in-depth analysis always triumph over feelings.
Selective partnerships define Scottie Scheffler’s off-course business strategy
Scottie Scheffler’s endorsement strategy prioritizes select, values-aligned partners over volume, resulting in $30M annually off the course versus $50M in PGA Tour earnings, a rare split among elite athletes.
Billionaires want to live in Florida. Eric Silagy wants them to know it's a great place to do business, too
'Economic development is not political.'
Oyster farming is big business in the Big Bend
Wild caught Florida oysters used to be plentiful, but Florida fisheries have seen a massive decline in production. We feature oyster farming on today's Speaking Of.
Conan O'Brien met his match on 'Subway Takes.' She's a 68-year-old bar owner from Brooklyn.
O'Brien was killing it on the popular internet talk show. Then Debbie Shields sat down next to him.
Do Stormont politics stifle the non-sectarian parties?
Letters: Responding to an editorial, Boyd Black deplores Labour’s policy of not fielding candidates in Northern Ireland. Plus a letter by Declan O’Neill
Suns Fall Flat in Humiliating Opening Loss to Trail Blazers
Phoenix's 2026-27 season opener didn't go the way anyone would have hoped for.
How To Tame An Antimatter Particle: Physicists Hold A Positron Captive For Months
It might not sound like a big deal until you remember what happens when antimatter meets matter.
USA TODAY Sports Top IX flag football players of Week 9
These nine flag football players made their mark across the country this week, earning a spot among USA TODAY Sports Top IX.
“Carrie” officially renewed for season 2 after Mike Flanagan teased 3-season plan
“Mike Flanagan and I are excited about what comes next. It’s bound to be thrilling,” said Stephen King.
‘Carrie’ season 2 renewed after Mike Flanagan teased 3-season plan
‘Carrie’ season 2 is officially a go after Mike Flanagan teased a 3-season plan for his adaptation of the famed Stephen King novel.
Flutter Entertainment to Release Q3 2026 Update Nov. 4 and Host Call
Flutter Entertainment will release its third-quarter 2026 update on November 4 and host a webcast and conference call to review results.Key Highlights:Original SEC Filing: Flutter Entertainment plc [ FLUT ] - 8-K - Oct. 22, 2026This is an AI-powered summary. It may contain inaccuracies. Consider ve…
Love Is Blind’s Sarah addresses conflicts with John over anger issues, politics
‘Love Is Blind’ season 11 star Sarah spoke to EW about John’s reaction to his phone bill, and how their politics could affect their relationship.
Baton Rouge startup selected for national health tech competition
Baton Rouge health technology startup Chrysalis is among 15 teams selected to participate in a national competition focused on using AI to help people living with chronic, difficult-to-diagnose illnesses. The company, co-founded by husband-and-wife duo Brent and Brittany Martin, will present its flagship product, Chrysalis Health Spaces, Thursday afternoon during the final demonstration of the […]
Singapore Airlines elevates inflight entertainment with next-gen Krisworld and high-speed Starlink connectivity
Singapore Airlines is upgrading its inflight experience with next-generation KrisWorld entertainment and Starlink high-speed connectivity.
Ava Max, Stephani Parker highlight Sunday’s gameday entertainment
Multi-platinum singer-songwriter Ava Max will perform at halftime while Stephani Parker will perform the National Anthem.
'Looksmaxxing' influencer Clavicular pleads not guilty to rape charge
"Manosphere" streamer Clavicular has pleaded not guilty in his Massachusetts rape case.
What happened to Jalen Hurts? Reported health update raises questions among viewers
lev radin/Shutterstock.com David Muir reports Jalen Hurts’ diagnosis ABC News anchor David Muir covered Philadelphia Eagles quarterback Jalen Hurts’ blood-clot diagnosis during World News Tonight on October 19, 2026. The report followed the team’s announcement of a serious medical condition that will sideline the quarterback for the remainder of the 2026 NFL season. Hurts, 28,…
New Mexico Dept. of Health: Respiratory diseases on the rise across state
NEW MEXICO (KRQE) — The New Mexico Department of Health says it’s seeing an increase in respiratory disease rate, including COVID-19, influenza (flu), and RSV, across the state. “Last season,…
CBS names J.J. Watt lead NFL analyst, inks multiyear deal
CBS named J.J. Watt its lead NFL analyst and signed the Houston Texans legend to a multiyear contract, the network announced Thursday.
Noteworthy Arms to Consider as Padres Offseason Acquisitions
The San Diego Padres' pitching staff was one of many highlights for the organization in 2026, headlined by a remarkable turnaround from the starters after the All-Star break. With the late-season returns of Nick Pivetta and Joe Musgrove from the injured list, San Diego's front office still remains focused on acquiring additional starting pitching for …
JJ Watt gets deal as full-time CBS replacement for Tony Romo
J.J. Watt will be the full-time lead NFL game analyst for CBS Sports, filling the role previously held by Tony Romo.
Tepper Sports & Entertainment Selects Marsh and Partners Risk Strategies as Insurance Brokers for Bank of America Stadium’s Multi-Year Transformation
The official website of the Carolina Panthers with access to tickets, schedules, news, videos, photos, statistics and more.
Tepper Sports & Entertainment Selects Marsh and Partners Risk Strategies as Insurance Brokers for Bank of America Stadium’s Multi-Year Transformation
The official website of the Carolina Panthers with access to tickets, schedules, news, videos, photos, statistics and more.
NFL might bring massive change to replay review mid-season
Broncos head coach Sean Payton predicted in July that the NFL would mirror the UFL-style officiating transparency within the next two to three years. “And I think every once in a while the benefit of this other league we have, I think quite honestly it’s been helpful for our league,” Payton told Jason La Canfora…
Judge blocks DHS investigations of noncitizen voting, citing flawed data
The judge put her order on hold until 5 p.m. Friday, giving the Trump administration time to appeal.
You Should Enable This Chrome Feature That Flags Suspicious Websites
When Enhanced Protection is enabled, Google will warn you if you navigate to a site that looks like other known scams.
HOMETOWN HEALTH: How expecting mothers should handle this ‘early’ flu season
Doctor says vaccination protects both mother and newborn
Call for Abstracts — 2027 Petrie-Flom Center Annual Conference: Generative AI in Healthcare: Law & Regulation - Petrie-Flom Center
The Petrie-Flom Center for Health Law Policy, Biotechnology, and Bioethics at Harvard Law School is pleased to announce our 2027 Annual Conference, Generative AI in Healthcare: Law and Regulation. Generative AI –- artificial intelligence designed to produce output, such as text or images, that normally require human intelligence — has become a…
J.J. Watt officially announced as CBS Sports' lead NFL game analyst, replacing Tony Romo
J.J. Watt was promoted to CBS' top broadcasting crew after Tony Romo was placed on leave.
J.J. Watt gets permanent role as top NFL game analyst with CBS
Watt took over the No. 1 game analyst role after CBS put longtime analyst Tony Romo on a hiatus this summer.
Jelly and Ori’s flirtmance hits a rough patch in exclusive “Survivor 51” unaired scene
“The date seems pretty exhausting to me.”
Tom Brady’s unexpected comment sparks reaction on Fox
OSCAR GONZALEZ FUENTES/Shutterstock.com Tom Brady makes unusual FOX comment Former NFL quarterback Tom Brady used an unusual expression while analyzing Chicago Bears quarterback Caleb Williams during FOX’s October 18, 2026, broadcast. The moment occurred during Chicago’s game against the Atlanta Falcons. Brady described a Williams pass using the word “gyrating,” prompting a surprised response from…
79% of Small Business Owners Put Personal Money Into Their Business in the Past Year, New Flute Report Finds
Flute, the payments platform for the everyday economy, released "The Cost of Waiting To Get Paid," a report finding that 79% of small business owners put personal money into their businesses in the past year.
JJ Watt Named CBS Sports’ New Lead NFL Analyst in Multi-Year Deal
JJ Watt, the former defensive end, will take on one of the biggest on-air roles in sports after officially being named the new lead NFL analyst for CBS Sports, being handed the post following the exit of his predecessor, Tony Romo. Watt will continue to call CBS’ top games alongside Jim Nantz and Tracy Wolfson …
If Netflix Can’t Shine in Show Business, Who Can?
The streamer was once the prime example of modern entertainment. Now it’s being squeezed by Big Tech and user-generated content. What stock investors need to know.
Australian treasurer says opponents want higher inflation for political gain
In a Canberra Playbook Podcast interview Jim Chalmers accused Liberals of wanting Australians to suffer, as their path back to power.
Qlik Brings Governed Business Context and Analytics Workflows to Claude
Qlik’s MCP Server is now available through Anthropic’s Claude Directory, giving Claude users a simpler way to connect governed Qlik® data, analytical logic, and selected analytics and data workflows, so they can work with trusted business context instead of raw data alone. Key takeaways: Makes Qlik easier to discover and use inside Claude: Availability through Anthropic’s Claude Directory gives Claude users a more direct path to connect Qlik through MCP.Brings governed business context into Clau
Influential Women Showcases Madison Tyler: Making Complex Biomedical Science Clear, Accurate, And Accessible
Founder of MAT Communications Brings Research Experience and Scientific Writing Expertise to Science Communications and Medical Affairs Salem, Connecticut –
Why we’re still so obsessed with Elizabeth Holmes
You Can See Everything, a documentary about the disgraced biotech company founder Elizabeth Holmes, has enjoyed a record-breaking opening in the US. It is a testament to how fascinated we remain by the convicted fraudster, but what is behind the enduring appeal? US technology editor Blake Montgomery tells Madeleine Finlay why Holmes continues to fascinate us, and reflects on whether the Theranos scandal has had a permanent impact on Silicon Valley
Go behind stories of sport with legendary television producer
The Reed School of Media and Communications and the School of Sport Sciences will host sports producer John “Flip” Filipelli for “From the Control Room to the Corner Office: A Life Behind the Stories of Sport” at 5 p.m. Wednesday, Nov. 4, in the Media Innovation Center.
Overcoming Stage Fright: LSU Health Center hosts workshop for people with performance anxiety
Anxiety is something many people struggle with, whether it’s social or a specific phobia. However, some students may struggle with performance anxiety, commonly known as “stage fright.” Performance anxiety is beyond normal nerves and can show in many ways, triggering a fight-or-flight response with symptoms like sweating, nausea, shaky hands, or even irregular breathing. “Let’s...
A Typography Geek Pointed Out Something About The Space Shuttle Discovery And Now I Can't Unsee It
Even though I was born in the Apollo Era, barely, the spacecraft that I think had the most influence on my childhood had to be the Space Shuttles. I remember poring over diagrams and drawings of the shuttles in National Geographic foldouts, where they even took my attention from the Forbidden Nipples seen on some of the […]
Introspection required if EU Inc fails, says start-up lobbyist
European start-ups have a new voice in Brussels. Startups for Europe, created from the merger of lobby groups Allied for Startups and the European Startup Network, is hoping to harness the momentum behind EU-Inc, a campaign that united start-ups and investors behind demands for a new pan-European company regime.At a launch event for the new association in Brussels on October 1, the mood was remarkably upbeat compared to a typical Eurobubble gathering, more Silicon Valley than Schuman roundabout.When asked whether this reflects a feeling that Europe is on the right track, chief executive Serena Borbotti-Frison said it’s a “scary” moment as the continent looks to boost its competitiveness amid a new technological arms race.“What is at stake is quite intense, and the way we can answer is by delivering, but also with hope,” she told Science|Business. “It’s what our industry does. It’s not about identifying a pain point and then saying it’s too hard.”For many in the start-up community, that sense of hope is dwindling. In March, the European Commission presented its proposal for EU Inc, naming its initiative after the grassroots campaign.EU Inc was meant to be a gamechanger: the ability to incorporate within 48 hours for less than €100 and scale up across Europe; a harmonised stock option regime enabling start-ups to compete for talent; and simplified insolvency procedures for innovative start-ups to reduce the cost of failure.However, haggling by EU governments has raised concerns that EU Inc will be stripped of the very features, including stock option harmonisation, that are meant to make it attractive for companies.“I fear we are proving to ourselves that the model doesn’t work,” Borbotti-Frison said of the policymaking process. “Everyone agrees we should have EU Inc. Everyone agrees it’s hard to scale and we need to scale to answer the competitiveness [challenge], and still we cannot deliver? [. . .] What does that say about ourselves?”The Commission has made EU Inc a cornerstone of its single market reform, and has agreed with the European Parliament and the Council of the EU to target an agreement by the end of 2026. However, several points are currently holding up an agreement, including national rules around employee participation in management decisions, and the provision that employee stock options always be taxed at the point of sale. Some EU governments have reportedly pushed back on the Commission’s choice of legal basis, contending that anything related to taxation requires unanimity in the Council.Trade unions have also protested against EU Inc, fearing it will be exploited by companies looking to undermine workers’ rights.“If this doesn’t work, it’s introspection time, on the way our institutions work, maybe the way our lobbies work, and maybe the way the cooperation between them works,” Borbotti-Frison said.“Is it in the national interest? Is it a gap between political will and technical ability to operate? Is it speed? I don't know, but something needs to be fixed.”Ahead of last week’s European Council meeting, EU-Inc campaigners tried a new strategy: appealing directly to EU presidents and prime ministers. In an open letter, they urged EU leaders to “step in and give your negotiating teams a clear mandate to change course and reverse their objections to the Commission’s original proposal.”Lessons from EU-IncLike its predecessors, Startups for Europe will represent national start-up associations, but it is also targeting investors. The founding sponsors are venture capital firm Atomico and EQT, the investor selected earlier this year to manage the €5 billion Scaleup Europe Fund.It also wants to harness the knowledge and cross-border experience of European success stories. “Take the list of the 100 biggest unicorns in Europe. We are speaking to all of them,” Borbotti-Frison said. The association plans to publish a full list of supporters following the Slush tech conference in Helsinki in November.Andreas Klinger and Simon Schaefer, two key figures in the EU-Inc campaign, are both on the board of the new association, and Startups for Europe wants to take the lessons from their campaign.What was unprecedented about EU-Inc was “how rooted it was, and how strong it was in bringing everyone on board behind one clear pain point and solution to fix it,” Borbotti-Frison said. “This is an inspiration for us, and then we need to turn it into something more systematic, more bridged in Brussels, more connected to the policymaking game, and to scale it.”If it’s possible to unite such a broad coalition, it’s because the European start-up ecosystem is now mature, she said. “Maybe it was not ten years ago. Maybe it was not five years ago. But now, it’s mature to speak with one voice.”Open and liberal EuropeThe association plans to campaign on files related to three “pain points,” Borbotti-Frison said: “start and scale in Europe, fundraise and invest in Europe, and making Europe the most innovative continent.”As well as EU Inc, she cited public procurement, the EU’s simplification push, the Savings and Investments Union, and files related to AI adoption and technological sovereignty as priorities for the coming months.What these files have in common is that they relate not to subsidies but to the framework conditions influencing the availability of mostly private, or in the case of procurement, public, funding.Related articlesEmployee participation disagreement delays MEPs’ vote on EU IncCommission urges EU governments not to water down EU IncEU’s ‘ultra-fast’ €5B scale-up fund is set up to win, says its fund managerThe budget dispute over the next Horizon Europe programme will also impact start-ups, which are supported notably through the European Innovation Council. But EU innovation funding is a drop in the ocean compared to venture capital and public procurement budgets.“If competitiveness and innovation are a priority, then the [EU budget] should reflect it,” Borbotti-Frison said. However, she added that the main question is not how much public money is invested, but “how do we create the right conditions for the market to solve the problem?”The Scaleup Europe Fund mixes both approaches, using €1 billion in EU funding to crowd in private investors and address Europe’s lack of large-scale, late-stage growth funds. “It’s a proof of concept. Ideally, then the market will do it itself,” Borbotti-Frison said.Startups for Europe is also focused on bringing an alternative political narrative. Amid competing visions for open, global markets on the one side and a protectionist Europe on the other, it wants to offer “a third voice, to say we can be proudly European and build a strong continent in a liberal economy, open to the world, and global.”It can be tempting, when thinking about how Europe can better support innovation, to look across the Atlantic. But while it’s important to compare statistics to see where Europe needs to catch up, that’s where the comparison should stop, Borbotti-Frison said. “On everything else, we need to do it our own way. We don't have the same history. We don't have the same political model. We don't have the same way of life.”Many of the key files that could benefit the start-up community, including EU Inc and the Savings and Investments Union, rely on closer integration within Europe, making it easier to operate across borders.While the Commission has made deepening the single market a political priority, support at national level is more precarious. The coming months will see pivotal elections in Spain and France, while the German government has also been coming under pressure domestically. In each country, far-right parties have been gaining ground.When asked if she was concerned the political situation could jeopardise this progress, Borbotti-Frison responded: “Of course. I would be lying if I said I wasn’t.” However, she continues to believe that cooperation is the only way forward. “Doing it alone is not the solution. It’s also not who we are, it’s not the model we are building, and it’s not the scale we need.”
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