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AMC Entertainment (NYSE:AMC) Stock Price Breaks Above 50 Day Moving Average
AMC Entertainment (NYSE:AMC) Stock Price Crosses Above 50-Day Moving Average - Here's What Happened
Wall Street finishes its record-setting week with gains - The Business Journal Stocks Rise as Wall Street Closes Record-Setting Week Amid Inflation Worries
U.S. stocks gained Friday as the S&P 500, Dow and Nasdaq rose, while higher oil prices, Treasury yields and inflation concerns weighed on investors.
Trump announces diesel fuel deal with Russia
President Donald Trump said Friday that he and Russian President Vladimir Putin agreed to a deal to supply the United States with Russian diesel fuel. Diesel prices remain a significant issue ahead of the 2026 midterm elections amid the war in Iran. Trump administration officials were previously working on freeing up Russian diesel, which had […]
Live Nation Entertainment prices $730M and €600M senior notes due 2032, nets blended 5.89% via swaps
Live Nation Entertainment priced $730,000,000 of 7.125% senior notes and €600,000,000 of 6.125% senior notes due 2032.Key Highlights:Original SEC Filing: Live Nation Entertainment, Inc. [ LYV ] - 8-K - Oct. 09, 2026This is an AI-powered summary. It may contain inaccuracies. Consider verifying impor…
Trump announces diesel deal with Russia in bid to lower prices
The amount is small compared with U.S. demand, but the deal aligns the U.S. with Russia and against Ukraine’s efforts to bomb Russian refineries.
Trump Says He Will Import Russian Diesel Fuel Amid High Prices
President Trump said Russia had agreed to ship potentially millions of tons of diesel fuel in the coming months. But Russia has an ongoing ban on exporting diesel.
As Xbox and PlayStation sales reach new lows, analyst says the "US hardware market has not been in a more precarious position since the early 80s"
Xbox Series X/S and PS5 price hikes have significantly slowed down sales, according to one analyst who's not too optimistic about the console market.
High Console Prices Push Playstation and Xbox Sales to New Lows
Circana data found that PlayStation and Xbox console sales are hitting new lows in 2026.
Mac Mini (M6) Review: Still Great, But A Tougher Sell
Price hikes have come for the Mac mini, and while it's still a great miniature computer for those who want one, the value proposition isn't quite as strong.
Video game hardware sales plunge to 13-year low as prices soar on memory, storage shortage
Video game console sales have plunged 13% on memory, storage crisis
Vikings Trade Proposal Predicts Price For Eagles’ Saquon Barkley
Howie Roseman is ready to deal if the right offer is on the table for somebody on the Philadelphia Eagles‘ roster. The General Manager proved that much when he decided to shockingly move the veteran offensive lineman Cam Jurgens to the Baltimore Ravens earlier this week. Could it soon be time for the Eagles to […] The post Vikings Trade Proposal Predicts Price For Eagles’ Saquon Barkley appeared first on HEAVY.
RB Leipzig And Leverkusen Join Dortmund In Race For Sporting Talent Flávio Gonçalves
German giants are scouting the Portuguese winger as Sporting CP demands a massive €60 million release clause, forcing the Bundesliga's elite to weigh potential against a record-breaking price.
Foscue Gives Rangers Affordable Designated Hitter Option
With Joc Pederson’s price tag rising, the Texas Rangers could pivot to Justin Foscue’s versatile bat to stabilize the lineup without breaking the offseason budget.
Every M5 MacBook Air Now $200 Off on Amazon
Prime Day deals have started drying up, but you can still get $200 off every model of the M5 MacBook Air as we head into the weekend. These are the best post-hike prices we've seen on the M5 MacBook Air, and prices now start at $1,099.00 for the 512GB 13-inch model and $1,299.00 for the 512GB 15-inch model. Note: MacRumors is an affiliate partner with some of these vendors. When you click a link and make a purchase, we may receive a small payment, which helps us keep the site running.
Apple Reportedly Cuts iPhone 18 Pro Orders After Price Hike Dampens Demand
Apple has asked some of its suppliers to cut production of iPhone 18 Pro components due to lower-than-expected demand, according to Nikkei Asia ($). Citing its own sources, the report claims that Apple has been more cautious about shipments since early September because of the rising cost of memory chips, leading to higher prices. Component orders for October were said to have been cut by at least 15 percent compared with what was originally requested.
A-State receives $2.2 million National Science Foundation grant
Arkansas State University has received a $2.2 million award from the National Science Foundation (NSF) to lead a multi-institutional research project to improve drought tolerance in rice and wheat, two...
A-State receives $2.2 million National Science Foundation grant
Arkansas State University has received a $2.2 million award from the National Science Foundation (NSF) to lead a multi-institutional research project to improve drought tolerance in rice and wheat, two...
Microsoft 365 just plummeted in value again — your family will lose a whopping 4TB of storage
Microsoft says the new storage model is more flexible, but families now get dramatically less OneDrive storage for the same price.
Arsenal 27yo close to new long-term deal
Declan Rice is close to agreeing a new contract with Arsenal, with the Gunners looking to tie him down for the long term.Photo by Clive Rose/Getty ImagesSami Mokbel reported for the BBC in midweek tha...
Trump's moves to boost diesel supplies have not yet lowered prices
US diesel prices remain at near record highs, up 70% since the US-Israeli war on Iran began despite two high-profile recent moves by President Donald Trump to boost supplies of the fuel: pressuring allies to release emergency reserves and expanding access to tax-exempt red-dyed diesel.
Anthropic's Claude Science creates the first complete ultraviolet map of the sky
Astrophysicist Brice Ménard of Johns Hopkins University used Anthropic's Claude Science to map the entire sky in ultraviolet light for the first time. AI agents downloaded data from multiple space missions, calibrated it, and filled in gaps using inpainting. Predictions averaged about ten percent deviation from actual measurements. Ménard sees the project as an example of research that simply wouldn't have gotten done without AI.
Pokemon TCG's Delta Reign Expansion Is Finally Up For Preorder On Amazon and Target — And One Box Is Already Under Market Price
Pokémon TCG Delta Reign preorders are now live at Amazon and Target, including Booster Bundles below market price, Elite Trainer Boxes, and 36-pack Display Boxes.
‘Rocky Horror’ is a 50-year tradition of mess and chaos. This NOLA theatre does it anyway.
The theater has been hosting live screenings since before Katrina and it’s become a rite of passage for many in New Orleans, especially in the queer community. “Sometimes it just looks like a hurricane of popcorn and rice and toilet paper came through the plac. You blow it all to the front, sweep it up and move on to the next day.”
Trump’s ‘Super Intelligence Force’ wants safety without slowing innovation
The administration hopes to reap what it sees as the economic opportunities of AI while easing fears that the technology could wage cyberattacks, ax jobs and raise energy prices.
Lens set Andrija Bulatovic price tag amid Bundesliga interest
RC Lens have set their price tag for Montenegro midfielder Andrija Bulatovic (19) amid interest from Bundesliga clubs, as per a report from Sky Sports Germany. Bulatovic made his breakthrough into the...
Is Academy Sports and Outdoors (ASO) Still Cheap On Earnings?
Academy Sports and Outdoors has delivered solid gains for long term shareholders, which puts a spotlight on whether the current share price at US$52.76 is still well supported by its earnings power. With that kind of track record in the rear-view mirror, the key issue now is what those profits are worth today. A 33.9% return over the past 5 years means long term holders have been rewarded. Fresh buyers need to ask whether the present valuation still lines up with the earnings that underpin...
Oil prices fall as Trump pauses Iran attacks, China restarts fuel exports
Brent crude prices fell on Friday as president Donald Trump promised not to attack Iran ahead of the US midterm elections in November
Exclusive: Apple cuts iPhone 18 Pro orders due to soft demand
Suppliers blame premium handsets' price hike for weaker consumer uptake
Indian Premier League Stands Alone at the Top as Asia Pacific Sports Rights Growth Slows, Media Partners Asia Finds
The Indian Premier League remains the only Asia Pacific sports property priced at the top of the global market, according to new research from Media Partners Asia, which expects growth in the region’s sports rights fees to slow to 1%–2% a year through 2030, down from about 10% a year since 2021. The cricket league …
El-Sayed, Rogers trade barbs over Iran war, gas prices in Michigan Senate debate
What began as a debate over Michigan families’ rising costs quickly turned into a heated political showdown Thursday night, as Democrat Abdul El-Sayed and Republican Mike Rogers traded personal attacks in their race for the U.S. Senate.
Building momentum for new health care price transparency laws
Consumers and employers emphasize the power of competition to lower prices
Sparks fly as Abdul El-Sayed and Mike Rogers face off in first Michigan Senate debate
While facing questions about gas prices, the war in Iran and tariffs, the candidates frequently exchanged insults amid a high-stakes campaign.
Trump bucks and the politics of mailing checks
The checks started going out last week, nearly one million of them, and mostly to battleground states. With a return address for the U.S. Treasury and a letter enclosed signed by President Donald Trump, these one-time checks for $500 were ostensibly government rebates for Obamacare enrollees who overpaid. In the accompanying letter, however, Trump attacks his predecessor and talks about his record in office on an important issue he’s not polling well on, which makes it seem more like the most expensive political mailer in U.S. history. The average piece of direct mail costs between 30 cents and $3, according to Mail Processing Associates, a print, mail, and fulfillment company. At $500 a pop plus roughly 50 cents each to issue the paper check, the cost of Trump’s healthcare mailer sent to more than 950,000 enrollees comes in at more than $475 million. Trump’s midterm healthcare message “For years, the Biden Administration overcharged you to fund the operation of HealthCare dot gov,” Trump wrote in the letter. “That money belongs to hard-working Americans, not the Government, and now, I am returning it to you!” In the letter, Trump makes false and misleading claims about his administration’s record on healthcare costs, an issue Democrats have a 20 point advantage on over Republicans, according to a recent poll from KFF, a nonpartisan health policy think tank. Trump touts his administration’s TrumpRX program, which he claims is “delivering massive discounts.” However, new research from KFF found that of a selection of drugs available on the TrumpRX platform, just five were the lowest price, while 13 were the highest price. Trump also falsely claims in the letter that he’s fighting to lower healthcare costs. In reality, average monthly premium payment costs for enrollees rose 58% under Trump while marketplace sign-ups declined 5%, per KFF. Under Trump’s One Big Beautiful Bill Act, it’s estimated 10 million more Americans will be uninsured by 2034. You get a check and you get a check and you get a check Trump’s long promised cash outs to his fans, from his days as a casino operator and gameshow host to his presidency. During the early days of the COVID-19 pandemic in 2020, the first Trump administration made the unprecedented move to put Trump’s name on checks that went out under the CARES Act (notably the $500 refund checks this time around don’t feature Trump’s name). Ever since, Trump’s been chasing that high. In his second term, Trump’s promised more stimulus that never arrived, like refund checks from DOGE cuts and tariffs, while he said at his party’s convention last month that he’d give out $5,000 checks to everyone if Republicans win in November. In reality, DOGE overstated its cost cutting and Trump’s government actually now spends more than former President Joe Biden’s, while Trump’s tariffs actually grew the trade deficit. His proposal for $5,000 checks would add about $1.2 trillion to the national debt. The problem is there’s no money to give. These $500 checks — plus $90 Medicare rebate checks also going out as well as $250 deposited this week in some Trump Accounts for kids courtesy Dell Technologies CEO Michael Dell and his wife Susan — represent the closest Trump’s going to get to making good on his promise to deliver cash fast. And the checks seem especially targeted. Though the $500 checks went out to enrollees in one of 30 states that use the federal HealthCare dot gov marketplace, a Reuters review found 71% of the payments, or $339 million, went to enrollees in 13 states that have the most competitive elections for governor and U.S. Senate. Most Americans don’t buy it Could Trump bucks sway the election? An Economist-YouGov poll found 57% of U.S. adults doubt Trump will deliver on his promise for $5,000 checks, compared to 21% who do. “I’m waiting on my DOGE check and I’m still waiting on my tariff check,” one 2024 Trump voter who’s since turned on him told a recent focus group. “It felt like kind of trying to buy people’s votes, which honestly felt like in elementary when the class president was like, hey we’re going to take you to the water park if you vote for me. It’s like, I don’t think it works like that.” But for voters in swing states who got a check, it could still matter. One survey published in 2022 found receiving a physically personalized check in the mail during the pandemic was associated with a much greater self-reported likelihood of voting for Trump in 2020, and those gains mainly came from out partisans. The issue for Trump comes if these checks are mostly going to Obamacare enrollees whose premiums have gone up by more than just $500 since he took office and who view the money as something like a bribe before the election rather than an actual long-term solution to lowering household costs. Spending $500.50 per mailer would be absurd as a normal campaign expenditure, but since Trump’s checks and letter are a government rebate, his campaign and super PAC didn’t have to spend a dime and he got out his message regardless. If enough voters in key states are swayed by the one-time payment, it could prove to be the best $0 the Trump campaign spent. Subscribe [ ](https://www.yellopolitics.com/p/why-independent-candidates-are-making) [ Why independent candidates are making independence central to their brand ](https://www.yellopolitics.com/p/why-independent-candidates-are-making) Hunter Schwarz · Oct 6 [ Read full story ](https://www.yellopolitics.com/p/why-independent-candidates-are-making) [ ](https://www.yellopolitics.com/p/these-designers-and-grocery-nerds) [ These designers and grocery nerds will brand Mamdani’s NYC grocery stores ](https://www.yellopolitics.com/p/these-designers-and-grocery-nerds) Hunter Schwarz · Oct 2 [ Read full story ](https://www.yellopolitics.com/p/these-designers-and-grocery-nerds) Trump wants to turn his first-ever golf course into a government course for presidents
Six Flags Entertainment (NYSE:FUN) Stock Price Target Lowered at Citigroup
Citigroup lowered their price target on Six Flags Entertainment from $17.00 to $13.00 and set a "neutral" rating for the company in a report on Thursday.
Flutter Entertainment (FLUT) Stock Trades Up, Here Is Why
Shares of global online betting powerhouse Flutter Entertainment (NASDAQ:FLUT) jumped 4.4% in the afternoon session after Citi analyst Monique Pollard upgraded the company from a Neutral rating to a Buy rating. According to StreetInsider, Susquehanna analyst Joseph Stauff separately cut his price target to $100 from $115 and kept a Positive rating. He said third-quarter profit is likely to be lower and that the weaker result is already discounted. The stock, he said, is most sensitive to FanDuel
Activists, doctors clash over vaccine repeal proposal at Florida health panel hearing
Florida Department of Health wants to remove the immunization requirements for Hepatitis B, varicella (chicken pox), Haemophilus influenza type b (Hib) and pneumococcal conjugate to attend Florida schools. At a public meeting Thursday, parents rights activists and doctors clashed over the plan.
Retail sales rose nationwide just over 4% in September
The National Retail Federation (NRF) reports total retail sales in September of $560.8 billion, up 0.28% month over month and up 4.05% year over year. The monthly report offers a...
Arsenal Close In On Record Breaking Contract For Declan Rice
Arsenal are set to reward Declan Rice with a historic extension after he anchored a Premier League title win and a Champions League final run.
Sphere Entertainment (NYSE:SPHR) Stock Price Up 4.7%
Sphere Entertainment (NYSE:SPHR) Stock Price Up 4.7% - Here's Why
Alabama health officials warn of storm cleanup dangers ahead of Isaias
Alabama State Health Officer Dr. Scott Harris is urging residents to follow health and safety warnings as Hurricane Isaias brings the possibility of significant
AI pricing lawsuit against McDonald's raises new antitrust questions
A federal antitrust lawsuit against McDonald's this week claims the fast-food giant is using AI-powered tools to fix menu prices, marking the latest case to allege companies are relying on new technologies to collude and harm consumers.
Sphere Entertainment (SPHR) Could Be 40% Undervalued As Oz Demand Worries Hit Sentiment
Craig-Hallum’s downgrade of Sphere Entertainment (SPHR) after concerns about softening demand for its The Wizard of Oz show has put fresh focus on how this experiential model supports the current valuation. Sphere Entertainment’s latest downgrade comes after a sharp pullback, with the 7-day share price return down 20.98% and the 30-day return down 25.40%. Even though the year-to-date share price return is 12.66% and the 1-year total shareholder return is 79.19%, recent momentum is clearly...
Federal Employees Face 10.9% Increase in Health Premiums as Open Season Dates Announced
Federal employees will pay higher prices for health insurance in 2027. On average, federal employees enrolled in the Federal Employees Health Benefits Program (FEHB) will pay 10.9 percent more toward their premiums in 2027, marking the third straight year of double-digit increases in the employe
Consumer Groups Call on Congress to Act on Health Care Price Transparency, Beyond the Trump Administration’s Data Cleanup Announcement Today
Congress should pass legislation to create a federal standard in law that stops hospitals and insurers from skirting price transparency rules.
Apple's Cheapest 16-Inch MacBook Pro Just Got a Massive $563 Discount on Amazon
Apple's entry-level 16-inch MacBook Pro has received a massive discount today on Amazon, coming in at $563 off its new price. This is the 18-Core M5 Pro 16-inch MacBook Pro with 24GB RAM and a 1TB SSD, available for $2,436.53, down from $2,999.00. Note: MacRumors is an affiliate partner with some of these vendors. When you click a link and make a purchase, we may receive a small payment, which helps us keep the site running.
Wedbush Cuts Flutter Entertainment (NYSE:FLUT) Price Target to $110.00
Wedbush cut their price target on Flutter Entertainment from $126.00 to $110.00 and set an "outperform" rating on the stock in a research note on Thursday.
PENN Entertainment (PENN) Gets A Fresh Look After Deutsche Bank Upgrade And NFL Deal
PENN Entertainment (PENN) drew fresh attention after Deutsche Bank shifted its rating to Buy. In addition, theScore Bet signed a multiyear NFL partnership that provides access for sports wagering and online casino operations in Canada. Recent trading has been choppy for PENN Entertainment. The share price slipped 1.19% over the last day and 7.91% over 30 days, after a 24.02% decline over 90 days. It still shows a 5.86% year to date share price gain, while 1-year total shareholder return is...
Flooding threatens supply chains
Flooding across Thailand is disrupting rice logistics and delaying planting for the November harvest, market participants told Platts, Hellenic Shipping News reported. High water levels and strong…
All Roads Lead to Texas: 15th Annual Texas Life Science Forum to Bring Together Biotech’s Builders and Backers on Nov. 10 in Houston
The Rice Alliance for Technology and Entrepreneurship and BioHouston today announced that the 15th Annual Texas Life Science Forum is set for Tuesday, Nov. 1...
Is Flutter Entertainment (FLUT) Cheap As Leadership Changes Test Its 44% Undervalued View?
Flutter Entertainment (NYSE:FLUT) is back in focus after chief legal officer Don Liu resigned at the end of September, with group company secretary Edward Traynor stepping in as interim legal head from October 1. Amid that leadership change, Flutter Entertainment’s US$75.85 share price has had a difficult period, with the 30 day share price return down 24.23% and the year to date share price return down 65.25%. Over the past year, the total shareholder return has fallen 69.17%, indicating...
Amazon overhauls aging devices lineup with higher priced Alexa tablet, dumping the budget Fire
The company said the Alexa tablet's improved speed and performance, artificial intelligence features and upgraded design warrant a higher price tag.
Rice Business Wisdom marks 10 years of bringing faculty research to wider audience
The anniversary issue examines a technology reshaping how people work, learn and make decisions. Featured stories explore how AI and machine learning influence household financial decisions, what drives data center location decisions across the United States and whether generative AI can help organizations sustain creativity over time.
News | Major South East business park hits market with £63 million price tag
JLL and CBRE mandated on Bourne Business Park ultimatum
CVS Health (CVS) Stock May Trade Below Fair Value On Integrated Care Push
CVS Health has delivered a 37.5% share price gain over the past three years, which puts fresh attention on a simple question. Is the current US$87.95 price tag adequately explained by the earnings power investors are paying for today? The 37.5% return over three years means anyone buying now needs to judge whether that past performance has already reflected what the business is earning. Recent developments, from extended distribution agreements with Cardinal Health and McKesson to regulatory...
Oil prices jump amid record tanker attacks in Hormuz
Oil prices climbed Thursday on continued worries about global supply and as record tanker attacks in the Middle East sent crossings through the Strait of Hormuz to a two-month low.
MORNING BUSINESS REPORT: Used car prices dropping, Super Bowl to be streamed on Disney+
Jane King has these stories and more from the New York Stock Exchange for your Thursday Morning Business Report.
Pa.’s only governor debate spotlights voter ID, gas prices, health care and Donald Trump
In their only debate this year, Gov. Josh Shapiro on Wednesday sought to tie Republican challenger Stacy Garrity to Trump administration policies affecting...
Businesses fear impact of parking charge rise
Shropshire Council has proposed plans that could mean an increase in the price of parking.
Oil prices climb amid supply fears and shipping attacks; prospect of rate rise weighs on UK housing market
Brent crude heads towards $103 a barrel while Asian shares slide
PENN Entertainment, Inc. (NASDAQ:PENN) Stock Has Average Target Price of $23.94 According to Analysts
Shares of PENN Entertainment, Inc. (NASDAQ:PENN - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twenty ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating an
Declan Rice close to signing new long-term Arsenal contract
Declan Rice is close to signing a new long-term contract with Arsenal, per BBC Sport.The 27-year-old’s current deal expires in the summer of 2028, with the club having an option to extend by another...
[Q&A] "Actually, It Is Rocket Science," with Tim Durtschi
Tim Durtschi talks Haines, big lines, snowmobiles and the unexpected variables in filming a ski movie that make us question, is it rocket science?
Gas, health care, utilities: high costs squeeze US midterm voters
Former US steelworker Denise Barber retired three years ago, but steep gasoline prices and family healthcare needs are making the Ohio resident consider returning to part-time work to make ends meet."...
Oil rises as Middle East supply concerns persist amid shipping attacks
Oil prices rose on Thursday on persistent worries about supply from the key Middle East producing region amid an increase in attacks on shipping in the Gulf and the Strait of Hormuz.
Microsoft Launches $2,599 Surface Laptop Ultra to Take on MacBook Pro
Microsoft today announced launch timing and pricing for the Surface Laptop Ultra that it unveiled earlier this year. The 15-inch Surface Laptop Ultra is priced starting at $2,599, undercutting Apple's $2,999 16-inch MacBook Pro, and it targets the same creator and developer market. Microsoft says it is built for "demanding creative, software development, AI, engineering, and 3D workloads".
Live Nation Entertainment Announces Pricing of Private Senior Notes Offering
/PRNewswire/ -- Live Nation Entertainment, Inc. (NYSE: LYV) (the "company") today announced that it priced an offering of $730,000,000 in aggregate principal...
SpaceX is a real company, with real numbers and real business, says Jim Cramer
'Mad Money' host Jim Cramer takes a look at Goldman Sachs' recent price target change on SpaceX and what is behind it.
Rising gas prices could influence some North Carolinians before Election Day
AAA reports the statewide average for regular gas was about $4.12 per gallon Wednesday
‘The Price Is Right Live’ Returning to Bryce Jordan Center
“The Price Is Right Live” is coming back to Penn State’s Bryce Jordan Center next spring, giving State College-area fans another chance to “come on down”
Who Won August and September: Original Films or Franchises?
(Welcome to the Entertainment Strategy Guy, a newsletter on the entertainment industry and business strategy. I write a weekly Streaming Ratings Report and a bi-weekly strategy column, along with occasional deep dives into other topics, like today’s article. Please subscribe.) I just heard someone say that if you’re reading a pundit or data analyst, and they don’t tell you that they got anything wrong, they’re not a pundit but an “influencer”. I agree with that. You have to tell your audience when you get things wrong, or they won’t (or shouldn’t) trust you as much. Today, we’ve got another edition of “What I Got Right, What I Got Wrong”. In general, I’m patting myself on the back (and patting very hard) about a few things like IP at the box office, LIV golf, horror films, crowdfunding movies, superheroes, and old people going to the theaters. That said, I also made a couple of data mistakes on the streaming bubble popping and HBO’s datecdotes, so I’m not perfect. But first, I need your feedback... Subscribe Follow-Ups: What Should We Call Mid-Budget Movies Which Aren’t Cinematic Enough for Theaters But Are Too Expensive to Make Money on Streaming? After I asked for feedback on what we should call straight-to-streaming films that are too big to pencil out on streaming but not really big enough to resonate in theaters, I got some great suggestions from you all, including... “Moldilocks” from John Aboud “Little Big Indie” from Travis Frick1 “Midflicks” from Jonathan Funke. “Extra-Medium” from Jona Nwuke. (Read the explanation in the footnote.) Between these and Brandon Katz—who suggested “Bermuda Budget Triangle”, “The Platform Gap” and “The Distribution Deadzone”—we’ve got some excellent suggestions. And they’re better than my suggestion, the “Streaming Budget Dead Zone”, so let’s take a poll! The winning entry becomes the new term. Loading... RIGHT: LIV Golf is Fully Bankrupt…Is Anyone Else Next? A few years ago, I was always a bit perplexed at all the articles I’d read praising LIV Golf and their strategy to disrupt the PGA. LIV Golf, a brand new professional golf league, offered PGA stars ten times what they made on the PGA Tour to join their new league. And folks praised this strategy for its initial “success” in that a lot of big names did indeed leave the PGA. Yeah, of course the players came over. LIV Golf paid them so, so, so much more! But LIV Golf hadn’t discovered a way to increase potential revenue. So think about this in basic business terms… They paid much more in costs… …but had no real way to increase revenue. That’s not a strategy! That’s deficit financing. It won’t work unless you bankrupt the competition (and then turn around and pay those same golfers much, much less). It’s not a sustainable strategy and only lasts as long as the company/person/nation backing it decides they’re cool with losing money. For LIV Golf, that meant Middle East oil wealth, in particular Saudi Arabian money. Clearly, the current Iran War has hurt Middle East finances, so they need to trim their more exorbitant spending. And LIV Golf was part of that trimming. This should be a major warning for others. TGL’s parent company, TMRW Sports, just got a $1 billion valuation, despite TGL’s (the indoor golf league) horrible TV viewership of less than half a million viewers per match. Unrivaled, the women’s basketball league, just secured a $650 valuation, despite its horrible TV viewership and a new rival (Project B) entering the scene next year. To relate this to streaming, Hollywood should ask which streamers may have wealthy patrons funding their losses. (Let’s be clear: Google, Amazon and Apple.) Could those patrons lose their appetite? For Amazon, probably not. But Apple has a new boss, so maybe! WRONG: My Analysis of the Streaming Bubble Was Missing a Week I’m going to be congratulating myself a lot today, but I make mistakes too, like this data goof. When I last compiled the data on the decline in TV shows, I was missing one week at the end of June. If you look at the first image, you can see that one week was mislabelled as “July”. Mainly, this image got updated to show a 27% decline, not 29%: This change doesn’t really impact the overall analysis, but it is two percent better. By the way, through the third quarter, the decline increased and it’s now a 30% decrease since 2022. (I’ll write/visualize this in an upcoming article.) But I want you to trust me and my data. Especially these days, when many people are using LLMs that I know are inserting faulty data into their charts, I want to keep earning my audience’s faith. So that’s the accurate data. RIGHT: IP Remains Very, Very Popular In July, I wrote a giant (and I mean giant) article on Backrooms, Obsession, and the box office, going over what we know, what we don’t know about what works in theaters, looking at YouTubers, IP, the horror genre, comic book movies, and a whole lot more. The month of August really tested a lot of my theses and, being honest, mostly supported my arguments. Let’s start with IP. Looking at 8-Aug (the weekend after Spider-Man: Brand New Day came out) to 18-Sep (the weekend that Resident Evil came out, which I think provides a nice bookend to this time period), there were seven films based on pre-existing IP: Resident Evil (2026) ($126 million) Practical Magic 2 ($65 million) _Insidious: Out of the Furthe_r ($65 million) Coyote Vs. Acme ($59 million) Paw Patrol: The Dino Movie ($53 million) Tony ($15 million) Super Troopers 3 ($7 million) Compare those to the notable original films from the past month—I actually could have included more movies, but here are just thirteen, bringing us to an even twenty films—including.... The End of Oak Street ($54 million) Buddy ($26 million) Mutiny ($15 million) By Any Means ($15 million) The Dog Stars ($14 million) Runner ($14 million) One Night Only ($11 million) Hope ($8 million) Spa Weekend ($7 million) The Uprising ($6 million) Teenage Sex and Death at Camp Miasma ($6 million) Onslaught ($3 million) Eli Roth’s Ice Cream Man ($2.8 million) Here’s that in chart form: Five of the top six films in this time period were all based on IP. I made a big chart of films that grossed over $200 million at the box office before Spider-Man: Brand New Day and The Odyssey hit theaters. Let’s update that chart! By the way, if you want to see how I categorized each film—so another bar chart—here it is: I know that many of my fellow critics/pundits/analysts dislike films based on IP and how Hollywood is making so many of them. And I’m sympathetic to this point of view. As I’ve written many, many times before, you need a balance between existing franchises, new IP, and original films. And Hollywood clearly needs to make more films like Resident Evil (a well-made film from a visionary director) and fewer Practical Magic 2’s (which didn’t get critical or customer buzz). But at some point, critics and pundits need to contend with what audiences are telling them: Movie-goers aren’t showing up to original films. Audiences are speaking with their dollars, telling you they want more IP and franchises. You can try to convince studio heads to make fewer IP-based films and franchises, but the data and numbers aren’t there. Instead, critics need to work harder to convince audiences to show up for original films. Aim your ire/concern at the average person, not studio heads.2 Because they’re just making the films that audiences are telling them to make. WRONG: Original Horror Films Didn’t Break Out I’ll be honest, even though I wrote an article casting some skepticism on the horror genre in July, if you asked me to make a prediction, I would have predicted that, in August, a new, original horror film would have blown up. No, seriously, I just assumed that Obsession and Backrooms presaged a change in audience behavior. But none of the buzzy new original horror films from August—Teenage Sex and Death at Camp Miasma, Onslaught (not an action film in spite of the ads), The End of Oak Street, Eli Roth’s Ice Cream Man, or _Buddy—_broke out. To be clear, exactly one of those films (Buddy) had good “ROI”, but again—I try to be specific in my language—none were “popular” in any broad sense of the word. None of them will be “saving” movies theaters like Backrooms or _Obsession_helped save the summer. The new Insidious film and Resident Evil, both based on IP, were far and away the biggest horror films since July. (We’ll see if this changes in October/Halloween season.) RIGHT: Stay Skeptical about Crowdfunding... I’ve long been skeptical about crowd-investing platforms as one of Hollywood’s saviors, mainly because there’s so much hype/buzz. People need to stay more skeptical about more things, explaining both the potential upside but also the downsides. In particular, the media often hypes crowdfunding at the start and never checks in on the actual results after they’ve come in later. And August gave us our first update! _Ice Cream Man—_directed by Eli Roth—grossed $6 million off of a $5.5 million budget. This is a production of The Horror Section, which was one of the first “crowd investing” studios with 2,400 investors, which means that 2,400 investors probably lost money. They certainly aren’t getting as great of returns as if they had just invested their dollars in the stock market. Hopefully Stiletto (Tagline: “Someone’s Going to Make it Rain Blood!”) does better next month. WRONG: Another Data Goof Here’s another data error. When the first episode of House of the Dragon came out, HBO put out that it had 21.5 million viewers in the first three days, and I read that to mean in the US…but no, it was global. So my US-only datecdotes charts shouldn’t have included it. We never got US-only numbers for the first episode, but for the final episode, HBO put out that it had 11 million US viewers. (And that global dropped to 21 million viewers.) Here’s the updated chart (which I’ve since used in the Streaming Ratings Report): Still, this show is absolutely huge. RIGHT: Superhero Films Remain Very, Very Popular After Supergirl flopped, I read a few takes that “comic book movies are going the way of the Western”. Post-Spider-Man: Brand New Day, that take didn’t age well. To be fair, I have a very nuanced take on the superhero genre right now; it’s down right now, for a lot of reasons. But it’s not “dead”. Maybe _Spider-_Man is just a really popular character? I saw that take, and it’s a fair counter-argument. (But pundits arguing that superhero movies were dead should have mentioned this $1.5 billion counter-argument…) But is it just Spider-Man? The next Avengers film already has $50 million in pre-sales (and I was skeptical that that film would do well) and the Avengers: End Game re-release topped the box office two weekends ago (over three original films). And I wouldn’t bet against Batman or Superman. So maybe it’s just Spider-Man, Batman, Superman and the Avengers. Oh, and Deadpool, of course. And Black Panther. And Wolverine. And probably the X-Men. Plus a well-made Wonder Woman or the Hulk film could break out. But that’s it! It’s just those ten characters/teams. Oh, what’s that? Lanterns is also doing well on HBO? (See previous section…) To be fair, I’m actually pretty sympathetic to the argument that more popular characters—like Spider-Man and Batman—anchor more popular films. In fact, I made that exact argument three years ago when I first wrote about the “Marvel-cession”. In many ways, you can blame The Guardians of the Galaxy for fooling Marvel Studios (and the rest of us) into believing that any character could pop. It turns out, the list of iconic characters is probably smaller than most people think. But it’s probably too early to say that superhero films and comic book movies are dead unless “death” means a slight decline over a longtime. RIGHT: Who Killed Theaters? Old People I get frustrated whenever I see headlines or analysis about how young people are “returning” to theaters. As I’ve detailed(for years), young people have always powered the US box office, despite narratives about “kids these days” and their “phones”. Really, what’s changed post-2020/pandemic is that old people aren’t going to the movies nearly as much. This summer, I saw a movie (from an older director) in a theater near a retirement community, and multiple older people at the theater were talking about how this was their first time seeing a movie in years. I dislike personal anecdotes, so YouGov can fill in the data, best summarized by this headline: “Who killed movie theaters? Not the youths”. According to them, 64% of people aged 18-29 have seen a movie in the last year, but only 30% of 65-and-older. 20% of 18-29 have seen a movie in theaters in the last week and 42% in the last month. Here’s the polling data: Most concerning? Many Americans (17%) think theaters are a worse or much worse experience than watching films at home. Slight WRONG: Hadestown Opens Big A live theater capture of the Broadway musical, Hadestown, made $20 million at the US box office, which begs the question: was I wrong to be skeptical about musicals a few years ago? Yes and no. On the one hand, $20 million is a far cry from being “popular”, so yeah, the genre isn’t that popular overall and Hadestown is one of the more popular musicals from recent years (i.e. the “Taylor Swift Data Fallacy” in action). On the other, I doubt filming this cost all that much, and I don’t think that they spent much on marketing, so this is a good source of ancillary revenue. Smaller Updates WRONG: As I mentioned in a Streaming Ratings Report, I underestimated the budget for Enola Holmes 3. It probably cost more like $50 million, if not more. But... I’m not sure that it really matters? At sub-10 million hours, prices have to come down to make this work. WRONG: Netflix is giving Ink a 27-day in theaters! To quote the kids/YouTubers these days, let’s go! Now I might actually have a chance to see Danny Boyle’s latest in theaters. I’d complained about this in a “Coming Soon” section, but I was heartened to read that Netflix is giving multiple films longer theatrical windows this year. RIGHT: Netflix is sending 4-5 films per year to theaters. Netflix is slowly but surely sending more and more films to theaters, as I cautiously predicted earlier this year. For now, it’s just three big films and a number of awards contenders, but still, this is great news. And they’ll be releasing box office grosses! Just this week, Ted Sarandos confirmed that KPop Demon Hunters 2 will come to theaters (and my guess is it performs in the box office top ten at a minimum). WRONG: Angel has 3 million subscribers! How do I know this? Well, they told Deadline, who reported it. I marked this as “wrong”, since they’ve doubled their subscribers in one year but, you know, they don’t really have a hit film to speak of and they’re still losing money. WRONG: Furious was only renewed for one more season. I accidentally wrote “two more seasons” in my latest “Renewals, Cancellations, Un-Orders and Removals Update”. RIGHT: House of David is ending with its third season. In July, Prime Video renewed House of David for a third season, as I just wrote in my latest “Renewals and Cancellations” report. Well, now it’s ending after that third season. Why? As I’ve been writing, its viewership wasn’t great. I got feedback that this show didn’t cost very much, but it cost enough that its limited viewership didn’t save it. WRONG: Adults was a Hulu original! So I missed Adults when it first came out last year; I saw that it aired on FX and just assumed that it was a linear-first program. Turns out, it aired three episodes on FX, but binge-released the rest of its episodes the next day on Hulu. Huh. So I should have covered it last year! But I just wrote about it. 1 “When I was a kid in the 90s, if you wore a t-shirt to school that wasn’t too big and also wasn’t too small, but somehow didn’t quite fit, we’d say you were wearing an “extra-medium” shirt.” 2 As always, a huge exception is Disney, which barely makes anything original anymore.
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