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Samsung forecasts 1,800% profit surge as AI fuels South Korean memory chip boom
South Korean memory chip manufacturers are experiencing unprecedented financial growth as artificial intelligence infrastructure deployment accelerates globally. Samsung Electronics forecasts operating profits will surge
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Xbox to cut 3,200 jobs and close four studios in major restructure
Microsoft’s Xbox division has announced what its CEO Asha Sharma called “the most significant restructure in Xbox history”, cutting 3,200 jobs and closing four studios — Compulsion Games, Double Fine Productions, Ninja Theory and Undead Labs. In a memo to staff, Sharma said the business was “not healthy”, operating at margins three to ten times…
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Xbox restructuring axes 3,200 jobs and cuts four studios loose
Microsoft’s Xbox division carried out a sweeping restructuring that eliminated 3,200 jobs and separated four studios—Compulsion Games, Double Fine Productions, Ninja Theory and Undead Labs—into independent operations. The scale of the cuts and the loss of established studios marks one of the most significant shake-ups in Xbox’s history, raising questions about the future direction of…
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Sky Acquires ITV Media Business for £1.6bn, Consolidating British Broadcasting and Creating Streaming Rival
Comcast-owned pay-TV operator Sky has agreed to acquire ITV’s Media and Entertainment division for £1.6 billion, with the transaction expected to complete in the second half of 2027. The deal fundamentally separates ITV’s business: its production arm, ITV Studios, will operate as an independent global content creator, while its television networks and streaming operations pass…
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Young Washington Surpasses Supergirl at Box Office, Signaling Shift in Audience Preferences
Young Washington, a historical period film from Angel Studios, has emerged as this weekend’s box office leader, outperforming DC Studios’ Supergirl, which experienced a sharp 73–74% decline in its second weekend. The fil
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Celebrating America’s 250th Anniversary: A Nation’s Journey From Independence to Innovation
The United States is marking 250 years since its founding with commemorations that reflect on both the visionary principles behind independence and the lesser-known events that shaped the movement. Alongside the famous milestones, episodes such as New Hampshire’s Pine Tree Riots — which predated the Boston Tea Party — are highlighted as examples of the…
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Taylor Swift and Travis Kelce’s Madison Square Garden Wedding Sparks Media Storm and Privacy Breaches
Taylor Swift and Travis Kelce married on Friday at Madison Square Garden, in a lavish ceremony attended by more than 1,000 guests that immediately became one of the year’s most closely watched celebrity events. The wedding drew a host of famous names and blanket media coverage, cementing its status as a cultural talking point and…
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Minions & Monsters Tops Box Office Amid Below-Expectations Opening
The latest animated sequel in the popular franchise opened to the No. 1 position at the domestic box office, capturing audience interest over the Independence Day weekend. The film earned $16 million on Friday across nea
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Taylor Swift and Travis Kelce Marry at Madison Square Garden in High-Security Star-Studded Ceremony
Taylor Swift and Travis Kelce were married at Madison Square Garden in a tightly controlled, celebrity-filled ceremony. The wedding drew a roster of A-list guests, including Tom Hanks, Paul McCartney, Steven Spielberg and Selena Gomez, alongside prominent media figures from Good Morning America. Security was exceptionally strict: guests had their phones confiscated and signed binding…
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Sony’s PlayStation disc factory is already being repurposed
The video game disc is dead, and Sony’s been planning to kill it for some time, according to a report out of Austria. The man who leads Sony’s discmaking operations, Sony DADC president Dietmar Tanzer, told ORF Salzberg that the company’s Thalgau plant produces 600,000 discs every day, half of which are for PlayStation. But…