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‘Buen Camino’ Director Gennaro Nunziante and Italy’s Indiana Production Launch Comedy Content Factory (EXCLUSIVE)
Italy’s Indiana Production, part of pan-European studio Vuelta, is taking its ambitions as the country’s comedy leader to the next level. The Milan-based company is setting up a multi-pronged comedy content factory — comprising a creative hub with a writers’ room and a Rome theater featuring live stand-up acts — all under the guidance of…
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Bitcoin firm advertised by Nigel Farage loses 15% of asset value
Exclusive: Finance experts warn against investing in bitcoin treasury companies after Stack BTC assets plungeA bitcoin company that Nigel Farage has advertised lost more than 15% of its asset value, prompting finance experts to warn investors against those types of firms.The Reform UK leader has invested £215,000 in a bitcoin treasury company named Stack BTC.…
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Merger of Korean Cinema Chains Lotte and Megabox Collapses
The long-gestating tie-up would have created Korea’s largest theater chain, but talks stalled as Megabox owner JoongAng Group slid into a liquidity crisis.
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OpenAI floats giving Trump administration 5 percent cut of AI boom
OpenAI has floated giving the US government a 5 percent ownership stake as a way of easing tensions with the Trump administration and blunting mounting public backlash against AI, according to the Financial Times. CEO Sam Altman argued that giving the public a financial interest in the company would be the best way to share…
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Award-Winning Independent Factual Producer Proper Content Shutters Citing Market Conditions: ‘There Simply Isn’t the Commissioning Risk’
Award-winning factual producer Proper Content is set to shutter amid tough market conditions. Founder David DeHaney, who set up the company in 2016, announced the decision to cease trading and appoint an administrator on Thursday. “This has been a very difficult decision,” says DeHaney. “We have had nearly 10 years of making some of the…
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Korea’s Lotte Cinema-Megabox Merger Collapses as JoongAng Group’s Financial Crisis Deepens
The proposed merger between Lotte Cinema and Megabox, which would have created South Korea’s largest theatrical exhibitor, has officially collapsed after roughly 14 months of negotiations, with the deal ultimately undone by a financial crisis engulfing Megabox’s parent company, JoongAng Group. Lotte Shopping and Contentree JoongAng disclosed Wednesday that the memorandum of understanding governing the…
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Channel 4 Unveils Structure For The Post-Ian Katz Era With New Roles For Louisa Compton & Kiran Nataraja
Channel 4 has unveiled its commissioning structure for the post-Ian Katz era, with Louisa Compton and Kiran Nataraja handed big promotions. Coming into force in November, the set-up under new CEO Priya Dogra will see Chief Content Officer Katz’s replacement take on a Director of Programmes role and sit alongside Director of News, Digital and…
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Amazon has enough satellites to launch its Starlink competitor
Amazon says it now has enough satellites operating in low-Earth orbit to light up its Starlink internet competitor. With last night’s launch, Amazon Leo has 396 satellites deployed, which is “enough to support continuous service across initial latitudes,” according to Chris Weber, VP heading up business and product for Amazon Leo. That puts the company…
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Micron’s $250 million bet on kids is a blueprint for America’s future
Micron CEO Sanjay Mehrotra announces the largest corporate commitment to children's savings accounts alongside $200 billion in U.S. chip manufacturing.
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OpenAI ‘in early talks to give 5% stake to US government’
CEO Sam Altman argued move would share benefits of AI and it would involve other firms doing similar, report saysBusiness live – latest updatesOpenAI is reportedly in early stage talks to give a 5% stake in the ChatGPT developer to the US government as artificial intelligence companies attempt to smooth relations with Donald Trump’s administration.The…