Bloomberg | OzSeeker

The New (Old) Rules of Hollywood

28th February 202325th February 2023 Bloomberg

Media companies that spent the last five years trying to copy Netflix are now trying to reverse themselves — only they can’t do a full 180. Friday lunch at the Polo Lounge in Beverly Hills resembles the dreams of every young assistant or aspiring actor. Moguls, celebrities, producers and fashionistas all sit comfortably in a verdant courtyard, rays of sun peering in through the trees. A super-agent noshes on fish tacos while talking to a studio chief in one corner, a couple booths down from two legendary actresses catching up over lunch. Every…

Apple and Goldman Sachs partner to offer high-yield savings accounts

20th October 2022 Bloomberg

Apple Inc. and Goldman Sachs Group Inc. will team up to offer savings accounts to users of the tech company’s credit card. “Apple Card users will be able to open the new high-yield savings account and have their daily cash automatically deposited into it — with no fees, no minimum deposits and no minimum balance requirements,” Apple said in a statement Thursday. Daily cash refers to the rewards that card users generate through their purchases. The move builds on the existing credit-card partnership between the two companies. The Wall Street…

The Movie Business Has a Supply-Chain Problem

27th July 202225th July 2022 Bloomberg

The shortage of films means slower sales ahead for theatres. Movie studios are the most optimistic they’ve been in years. The business has bounced back from the depths of the pandemic— when most theatres were closed or doing paltry business. Grosses so far this year are up threefold from 2021, according to Comscore. The last two months felt like the good old days of summer thanks to a handful of blockbusters like “Top Gun: Maverick.” Yet for all the optimism, the business isn’t back. Ticket sales are still down almost 40% from before the…