Connect with us

Business

Hollywood braces for shutdown

Published

on

Hollywood braces for shutdown as TV and film writers agree to strike

Hollywood will come to a standstill this week.

Thousands of Hollywood TV and movie screenwriters are set to strike after talks with major studios over wages soured.

The Writers Guild of America strike is the first in 15 years and will see more than 9,000 writers – or nearly 98 per cent of voting members – walk out.

The strike could affect Tuesday’s late-night shows, while numerous forthcoming shows and films could face delays.

The last demonstration like this was in 2007, when writers went on strike for 100 days.

This came at a cost of about $2 billion for the industry.

Writers are clashing with the Alliance of Motion Picture and Television Producers – which represents the major studios, including Disney and Netflix.

They are demanding higher pay and a greater share of the profits from the modern streaming boom.

In a Tweet on Sunday evening, the Writers Guild of America said the decision was made after six weeks of negotiations produced a “wholly insufficient” response to “the existential crisis writers are facing”.

Speaking at the Met Gala, Olivia Wilde says she is united with the union. #trending #featured

Continue Reading

Business

When will airfares begin to fall?

Published

on

As the global aviation market rebounds, airlines are changing their service offerings

 
Over 46 million workers in the global aviation sector lost their jobs as global aviation came to a grinding halt at the onset of the pandemic.

However, Geoffrey Thomas from AirlineRatings.com said passengers have returned to airport terminals and boarded flights in droves.

“When travelled returned, many of us wondered what sort of low airfares will we have to be charged to entice people back onto airplanes.”

In February 2023, total traffic (measured in revenue passenger kilometres) rose 55.5 per cent when compared to February 2022.

Globally, traffic is at 84.9 per cent of February 2019 levels.

“It was a stampede, the likes of which we have never seen before,” Mr Thomas said.

Continue Reading

Business

The worst of inflation could be behind us

Published

on

The unprecedented nature of the pandemic continue to shape international fiscal policy

As reserve banks and federal reserves continue to battle the impacts of Covid-19, inflation has become a dominate issue.

In some parts of the world, rising household costs have slowed consumer spending by more than expected.

It means the end of aggressive rate hikes could come to an end in a matter of months.

In Australia, recent data from the Australian Bureau of Statistics confirmed inflation has passed its peak and is beginning to moderate.

The numbers show annual inflation peaked in December 2022 but will still remain higher for longer than anticipated.

Matt Grudnoff is a Senior Economist at The Australia Institute, who said these are uncharted waters.

“I don’t think they should be fully blamed.

“The pandemic was an entirely different kind of recession, one that we have never seen before.

“The world went into recession because the world shut down for very good health reasons.

“But the economy rebounded extremely quickly, simply because there was no underlying problem with the economy,” he said.

Continue Reading

Business

“I think there is a great risk”: will AI steal our jobs?

Published

on

Artificial Intelligence has become an increasingly powerful and pervasive force in our modern world.

 
Artificial intelligence is not a new concept. However, the growing advancements have the potential to revolutionise industries, improve efficiency, and enhance the quality of life.

Along with its promising advancements, artificial intelligence also brings certain risks and challenges that must be acknowledged and addressed.

It has become the focus of lawmakers, who are working towards greater regulation of the sector.

U.S. and European Union officials recently met in Sweden to weigh up the benefits and challenges of artificial intelligence, and other emerging technologies.

“The AI process is creeping up on us,” said Dr Keith Suter, who is a global futurist.

“You’ve got competition between companies.”

It’s almost like some of us can see this raft that’s heading towards the rapids and a disappearance towards the waterfall, and we’re giving a warning but it’s not being heeded because everybody’s in this race to get down to the river,” Dr Suter said.

Continue Reading

Trending Now

Copyright © 2023 The Ticker Company PTY LTD