Connect with us

Surprise, Christopher Nolan hates the Warner Bros. HBO Max strategy

Netflix reportedly offered to buy ‘Godzilla vs. Kong’ for $250 million, but Warner Bros. will release it and other films on its own streaming service, HBO Max. Christopher Nolan called the decision “a real bait and switch.”…

Published

on

In a statement sent to the Hollywood Reporter he held back even less, saying that the decision made “no economic sense” and that big stars “went to bed the night before thinking they were working for the greatest movie studio and woke up to find out they were working for the worst streaming service.”

He’s just one name on the list of those upset by the move, with Variety reporting that Legendary Entertainment — which co-financed Dune and Godzilla vs. Kong — may sue Warner Bros. over the move. The New York Times has more details on the complicating factors of this move, as everyone wonders how the HBO Max release will affect how much money they can make. While the studio apparently negotiated an extra payout for the director and star of Wonder Woman 1984, many of the people and companies impacted on the 2021 slate found out about the decision only minutes before it was announced, if they were notified at all.

According to both outlets, Netflix offered to buy Godzilla vs. Kong for as much as $250 million but Warner Bros. prevented the deal. The New York Times reports the HBO Max arrangement will pay Warner Bros. a licensing fee for the rights to stream each movie for 31 days, with a floor of either $10 million or 25 percent of the film’s net production costs

In this article: Dune, hbo max, warner bros, Netflix, Godzilla vs. Kong, Legendary Entertainment, tenet, Christopher Nolan, WarnerMedia, news, entertainment

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.

Comment

Comments

Share

136 Shares

hbo max

Source: https://www.engadget.com/hbo-max-vs-christopher-nolan-and-legendary-052202138.html

surprise,-christopher-nolan-hates-the-warner-bros.-hbo-max-strategy

Crunchbase

Exclusive: Forager Chews On $4M To Digitize Local Food Access

Its platform digitizes and streamlines the discovery of new local food vendors, onboarding and management of those relationships.

Published

on

Forager, a startup connecting local farmers with grocery stores to source local food, raised $4 million in a funding round led by a group of backers, including Duncan Saville via ICM and Coastal Enterprises.

Subscribe to the Crunchbase Daily

The Portland, Maine-based company was founded in 2015 by David Douglas Stone to develop a platform that digitizes and streamlines the discovery of new vendors, onboarding and management of those relationships.

Joe Blunda took over as CEO in 2019, while Stone is still involved as executive chairman. Local food accounts for 3 to 5 percent of what people buy from stores, and while that number shifted during the global pandemic, it is still in the single digits, Blunda told Crunchbase News

“The original problem is building a supply chain and getting it organized, which is what we are doing,” he added. “Grocers bring the cultural perception of what will resonate with the consumer, and we bring the ability to execute that.”

Blunda intends to use the new funding to expand the company’s sales outreach and product development. Grocers want to invest time in building local supply chains, but have difficulty operating them afterward, he said.

One of the problems they face is that there are so many small vendors, and grocers are trying to layer them on top of their platforms that were made for a small number of large vendors, Blunda added.

“Local food access is such a critical problem and patience is waning,” he said. “Grocers are passionate about fixing the problem, and we have some product development to do.”

The company has 10 employees and Blunda expects to add another two to five people by the end of the year. Forager operates in more than 12 states and works with more than 40 grocers and institutions, as well as 500 local suppliers.

In addition, the company has seen 4x growth since 2018, with nearly 200,000 local products sourced through its platform to date. It has also doubled both its supplier and buyer bases. Blunda expects even faster growth in the second half of 2021.

Saville, ICM’s founder and chairman, said in a written statement that local food is a “market trend that cannot be ignored and is critical to the future health of our planet.”

“I invested in Forager for two reasons, first this is a $40 billion fast growing market that is largely analogue and in desperate need for technology so it can scale and be data driven,” Saville added. “Second, the majority of people I know are interested in buying more sustainably sourced products, especially at the local level. This is an important market trend that cannot be ignored and is critical to the future health of our planet.”

Illustration: Li-Anne Dias

Stay up to date with recent funding rounds, acquisitions, and more with the Crunchbase Daily.

Joe Blunda took over as CEO in 2019, while Stone is still involved as executive chairman. Local food accounts for 3 to 5 percent of what people buy from stores, and while that number shifted during the global pandemic, it is still in the single digits, Blunda told Crunchbase News

Source: https://news.crunchbase.com/news/exclusive-forager-chews-on-4m-to-digitize-local-food-access/

exclusive:-forager-chews-on-$4m-to-digitize-local-food-access

Continue Reading

Blockchain news

Internet Computer (ICP): Everything You Need to Know

After Internet Computer ICP tokens were listed on a number of leading cryptocurrency exchanges, its price even exceeded the maximum of $750, briefly surpassing Ripple, Dogecoin, and Cardano, and re

Published

on

The trading performance of Internet Computer (ICP) token skyrocketed after it was listed on a number of leading cryptocurrency exchanges.

ICP figures among the top ten cryptocurrencies by market capitalization currently in circulation. According to Coinmarketcap, ICP is ranked as the eighth-largest cryptocurrency with a market cap of $40.8 billion. Currently, the token is trading at $339.63.

What is an Internet Computer (ICP)?

Internet Computer is the world’s first decentralized public network with an unlimited capacity established by the DFINITY Foundation. Its function is to provide public internet services and to allow back-end software to be hosted on the network. This decentralized cloud computing platform helps software developers freely share their open-source software frameworks on the Internet without relying on technology giants such as Amazon and Facebook, or servers and commercial cloud services.

What is an Internet Computer token?

Internet Computer (ICP) token runs on its own proprietary protocol called Internet Computer. It aims to establish protocol governance and facilitate network transactions. With the ICP token, ICP holders can vote for governance proposals. Another network transaction function is that ICP can convert to cycles that fuel the computation. Its holder can use the token to pay for transaction fees. Compared to the current Ethereum network, the ICP fee has a fixed price for transactions.

DFINITY Foundation

DFINITY Foundation, a non-profit organization, was founded in 2016 by Dominic Williams in Zurich, Switzerland. Its goal is to transform the Internet into a decentralized public computing platform.

DFINITY has currently set up three research centres globally, and the team has recruited more than 100 researchers, engineers, and teams for operations. Since 2015, this project has successively won the favour of well-known investors such as Andreessen Horowitz (A16Z), PolychainCapital, SVAngel, AspectVentures, VillageGlobal, MulticoinCapital, ScalarCapital, etc.

Image source: Shutterstock

Source: https://blockchain.news/analysis/internet-computer-everything-you-need-know

internet-computer-(icp):-everything-you-need-to-know

Continue Reading

Ventureburn

AlphaCode awards R2-million and support to fintech startups

The 10 startups, which have just completed a three-month programme, competed for one of four places in an extended 6-month programme.

Published

on

SA’s best up and coming fintech startups sweated it out at a virtual demo day yesterday where they had just five minutes each to convince a panel of judges that they should be part of the second phase of the AlphaCode Incubate programme.

AlphaCode awards R2-million and further support to fintech startups at latest demo day

The 10 startups, which have just completed a three-month programme, competed for one of four places in an extended 6-month programme valued at almost R1.5-million each. Their success, which was validated by their ability to get traction in a short time, unlocks further funding of R500 000 each and tailored business support.

Andile Maseko, head of ecosystem development at AlphaCode provides insight into the programme.

“Despite a tumultuous year, a number of entrepreneurs saw how they could fill a gap in the market for financial services and related industries. Those selected in the top four earned the opportunity for further funding and mentorship. The first part of the intensive programme focused on entrepreneurship and refining business models. The second phase will focus on revenue generation.”

In addition, these startups will be able to apply for seed capital from AlphaCode’s fund that invests in early-stage startups.

The four promising businesses selected

AgriCool is an e-marketplace that links smallholding farmers and buyers to a fair and reliable market. It offers farmers access to finance, reliable information on improving their production, and it works with both formal and informal markets.

Street vendors, retailers, the hospitality industry can get fresh produce delivered, saving them transportation costs. Founder: Zamokuhle Thwala.

Bento is an out-of-the-box employee perks and benefits platform. It gives employers a simple and cost-effective solution to offer employee benefits without the cost and administrative burden. Employees are empowered to self-manage their benefits and perks which gives them freedom of choice over their remuneration structure and take-home pay. Co-founders: Claudia Snyman, Dennis Williams, Bryn Divey, and Ross Horak.

Imfuyo Technologies is developing a smart farming solution that will give livestock farmers better oversight of their operations at viable cost points. The initial offering will consist of a smart tracker that will collect critical data about cattle location and behaviour.

The data is analysed to enable farmers to optimise farming activities. The platform will also serve as a de facto cattle deeds office, providing better traceability across the beef production value chain. Through Imfuyo Technologies, livestock farmers also have better access to financial markets. Founder: Allasandro Da Gama.

MatchKit.co helps athletes better commercialise their careers. The platform helps athletes make money, regardless of the status of sporting events. It integrates into existing social media channels and stats to showcase the value of an athlete’s digital audience to potential sponsors.

It also offers a plug-and-play e-commerce store where fans can purchase everything from bespoke, branded merchandise to personalised video and audio shout-outs. MatchKit.co plans to add insurtech and transactional / virtual card capabilities to their offering. Founders: Mike Sharman, Shaka Sisulu, Bryan Habana, and Ben Karpinski.

Dominique Collett, head of AlphaCode and a Rand Merchant Investments Holdings (RMI) executive commented, “We have been very impressed with the level of the drive of these ten startups who applied what they have learned on the AlphaCode Incubate programme as they focused on increased traction. The standard of these ideas gets better every year. It’s been a very intense time for the participants and we look forward to growing the four businesses.”

Almost 200 fintech businesses initially applied for AlphaCode’s Incubate programme which aims to grow innovative financial services entrepreneurs and find the next OUTsurance or Discovery. Only ten were then selected to complete in the initial three-month programme that provided funding, guidance from performance coaches and a panel of advisory experts, access to AlphaCode’s co-working space, and opportunities to apply for further early-stage investment.

The panel of judges included Willem Roos, former CEO of Rain and former founder of OUTsurance; Raymond Ndlovu, CEO of Community Investment Ventures with a stake in Vumatel; Dominique Collett, a fintech specialist and senior investment executive at RMI; Danie Matthee, the CEO of OUTsurance; and Mcebo Ntombela, investment manager at Royal Bafokeng Holdings.

“The panel had a good mix of entrepreneurs and corporate execs who understand the digital landscape,” explained Maseko.

One of the judges, Raymond Ndlovu, added, “The mix of businesses presenting this year was fascinating – a bit of everything from crypto to sports to stokvels and car repairs. The presentations were of a high standard taking into account the fact that we were all online. Look forward to the growth of all these promising businesses – whether they were selected for further incubation or not.”

The AlphaCode Incubate programme has disbursed R32 million in funding to 31 black-owned financial services businesses over the past five years and is viewed as South Africa’s most prestigious fintech startup initiative.

Read more: Hack the Normal winning innovators announced
Read more: FNB and Sage partnership enables SMEs to securely automate business accounting

Featured image: Winners of Alphacode Incubate (Supplied)

In addition, these startups will be able to apply for seed capital from AlphaCode’s fund that invests in early-stage startups.

Source: https://ventureburn.com/2021/05/alphacode-awards-r2-million-and-support-to-fintech-startups/

alphacode-awards-r2-million-and-support-to-fintech-startups

Continue Reading

Title

Crunchbase1 hour ago

Exclusive: Forager Chews On $4M To Digitize Local Food Access

Its platform digitizes and streamlines the discovery of new local food vendors, onboarding and management of those relationships.

Blockchain news4 hours ago

Internet Computer (ICP): Everything You Need to Know

After Internet Computer ICP tokens were listed on a number of leading cryptocurrency exchanges, its price even exceeded the maximum...

Ventureburn6 hours ago

AlphaCode awards R2-million and support to fintech startups

The 10 startups, which have just completed a three-month programme, competed for one of four places in an extended 6-month...

Entrepreneur9 hours ago

7 Quick Ways to Make Money Investing $1,000

If you're shrewd, you can turn one thousand bucks into even more money. Here's how.

Bioengineer12 hours ago

NYU Abu Dhabi researchers design simulator to help stop the spread of ‘fake news’

The new game, Fakey, emulates a social media feed and teaches users to recognize credible contentCredit: Courtesy of NYU Abu

Techcrunch1 day ago

Maybe SPACs were a bad idea after all – TechCrunch

Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter for your weekend enjoyment.

Techcrunch1 day ago

Leveling the playing field – TechCrunch

There is an atmosphere of collaboration, not competition, around the creation of hardware for gamers within the assistive technology community.

ZDNET1 day ago

A useful Android privacy feature that most people have never heard of

Android has a useful hidden feature that the iPhone doesn't.

Coinpedia1 day ago

Polygon (Matic) Price Continues to Rise Amidst Market Correction!

The MATIC price forecasts are positive as a token supporting such a critical feature right now. After the Ethereum scaling

Reuters1 day ago

Chip shortage to hit about 100,000 Mazda vehicles in 2021

Mazda Motor Corp (7261.T) said on Friday it expects a semiconductor crunch to affect around 100,000 of the Japanese automaker's...

Review

    Select language

    Trending