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Will blockbuster’s revenue rely more on streaming platform release than cinemas?

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In a nod to the power of streaming platforms over cinema, Disney’s Jungle Cruise earned a third of its opening revenues from Disney+ over the weekend

Disney+ let its subscribers pay $30 to stream Jungle Cruise the same day it hit theaters.

Theatre release of Disney’s Jungle Cruise – cinema debut on July 30.

Disney+ release of Disney’s Jungle Cruise also on July 30.

 According to The Hollywood Reporter, early revenue totals from the entertainment giant show that streaming accounted for a third of the film’s revenues.

The film’s Disney+ revenue represented a bigger slice of the total revenue when compared with Black Widow.

Jungle Cruise’s $30 million was about 33 percent of its $91.8 million total, while Black Widow’s $60 million was about 27 percent of $218.8 million total.

Disney hasn’t announced any Premier Access titles that may follow Jungle Cruise.

The new numbers also arrive just days after Scarlett Johansson launched a major lawsuit against the company.

Streaming wars: Scarlett Johansson sues Disney

The star of Marvel’s box office hit “Black Widow”, Scarlett Johansson is suing the Walt Disney Company over allegations it breached the actor’s contract.

Disney released the movie in cinemas at the same time it launched the film on its streaming service – which Johansson says reduced her compensation.

Like many big stars, Johansson’s total earnings for Black Widow were calculated partly on what the total box office earnings were.

Black Widow made its debut on Disney PLUS and in cinemas on July 9 – and Disney PLUS users had to pay an additional $30 fee to watch the film.

Johansson says Disney wanted to steer audiences towards its platform, “where it could keep the revenues for itself while simultaneously growing the subscriber base… a proven way to boost Disney’s stock price”.

Johansson’s lawyers also believe “Disney wanted to substantially devalue the actor’s agreement and thereby enrich itself”.

The lawsuit is seeking an undisclosed amount of damages when it eventually goes to trial – and it could have lasting impacts in Hollywood as streaming services continue to find inventive ways to build their user base.

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SoftBank sells Nvidia stake to fund massive AI push

SoftBank sells $5.8B Nvidia stake to invest in AI, sparking analysts’ views on Masayoshi Son’s bold gamble.

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SoftBank sells $5.8B Nvidia stake to invest in AI, sparking analysts’ views on Masayoshi Son’s bold gamble.


SoftBank has sold its entire $5.8 billion Nvidia stake to double down on artificial intelligence, investing heavily in OpenAI and the colossal $500 billion Stargate data-centre project.

Analysts say it’s Masayoshi Son’s boldest tech gamble yet.

#SoftBank #Nvidia #OpenAI #AI #MasayoshiSon #Stargate #TechNews #Investing #DataCenters #ArtificialIntelligence


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Senate passes deal to end historic shutdown

Senate passes spending bill to end shutdown, funding key departments and adding privacy safeguards with House and presidential support expected.

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Senate passes spending bill to end shutdown, funding key departments and adding privacy safeguards with House and presidential support expected.


The U.S. Senate has approved a spending bill 60–40 to end the nation’s longest government shutdown, with House support and presidential backing expected.

The package funds key departments through January while adding new privacy safeguards for lawmakers.

#USPolitics #GovernmentShutdown #SenateVote #Congress #Trump #MikeJohnson #Washington #USNews #FederalFunding #CapitolHill


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Sussan Ley’s leadership tested amid net-zero debate

Sussan Ley’s leadership faces challenge as Liberal MPs debate net zero emissions policy amid divisions between moderates and conservatives

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Sussan Ley’s leadership faces challenge as Liberal MPs debate net zero emissions policy amid divisions between moderates and conservatives

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In Short:
– Sussan Ley’s leadership is questioned as the Liberal party debates net-zero emissions amidst internal divisions.
– Moderate MPs warn losing elections if net-zero is abandoned, highlighting urban voter support for a 2050 target.
Sussan Ley’s leadership faces scrutiny as the Liberal party debates a net-zero emissions target.
Conservative members argue she should abandon the goal to maintain her position, while moderates hope for a compromise that aligns with the Paris Agreement.Banner

Leadership contenders like Angus Taylor and Andrew Hastie support staying committed to the Paris Agreement, rejecting a net-zero commitment. Taylor indicated future leadership aspirations are not confirmed.

Pro-net-zero frontbencher Tim Wilson seeks decisive leadership to address the issue. Ley’s lack of internal guidance frustrates moderates, creating uncertainty regarding her stance on net-zero. While some conservatives advocate for its dismissal, others display mixed support.

Liberal party dynamics shift as polling reveals significant opposition to net-zero among constituents. The upcoming party room meeting and shadow ministers gathering will aim to finalise the Coalition’s position.

Internal Divisions

Moderate MPs warn that elections will be lost if net-zero is abandoned, emphasising its importance in urban areas.

A poll indicates strong support for a 2050 net-zero target among voters. Critics of the Nationals’ policy argue it is misguided and incompatible with national interests.

Calls for resignation from frontbench positions are met with opposition. Some representatives voiced frustration over the timing of the meeting, suggesting it should have been resolved earlier.


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