Howdy for Hollywood? Why Paramount’s threat to leave California matters
Paramount could uproot from Hollywood and take an industry with it. Source: Fox Business
Film studios shun women, but men make them less money, report shows
A new report shows films written by women make the most money but the budget often goes to male filmmakers. The Frontiers in Communication paper analysed 200,000 films released between 1994 and 2023. Source: ABC
TikTok US reports generating $81B in economic value
TikTok has become “a vital tool” for U.S. businesses, with 69% of businesses surveyed saying that the app is essential and 83% of businesses that use TikTok saying it’s important for attracting customers and supporting growth. Source: SMT
The Odyssey drives S.Korea’s cinema revenue back to pre-pandemic levels
South Korea’s major cinema operators staged a sharp rebound in August after three years of declining revenue, as Christopher Nolan’s The Odyssey drew moviegoers back to theaters, particularly those willing to pay a premium for an experience that streaming platforms … Continued
Vue considers £1.5bn London listing as cinema audiences grow
The company, one of the UK’s largest cinema chains, could be reportedly valued at up to £1.5 billion in an initial public offering (IPO). Source: Yahoo Finance
AI can now make a $9,000 movie scene for about $200
AI is making movie scenes dramatically cheaper to produce. Source: Yahoo