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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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The ongoing alcohol related research many ignore

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New research shows the impact of alcohol on our gut microbiome.

Alcohol affects gut microbes, potentially leading to gut imbalance and heightened cravings.

Research suggests moderate drinkers have healthier gut microbiomes. While red wine consumption may enhance gut diversity, similar benefits can be found in plant-based and fermented foods. Dysbiosis may worsen addiction, highlighting the need for holistic approaches to treatment.

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How AI is leveraging Amazon’s fast production

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Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates.

Amazon reported better-than-expected results for the last quarter, surpassing analysts’ estimates, driven by strong performance in its cloud computing and AI.

Ticker’s Ahron Young & Veronica Dudo discuss.

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Will the Fed reserve’s cautious stance tame inflation or stifle growth?

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The Federal Reserve opted to keep interest rates unchanged, signalling concerns over the sluggish pace of inflation improvement.

On this episode of Hot Shots – US Fed Reserve aim for 2%, Elon Musk makes a bold Tesla choice, Amazon makes big movies thanks to AI and fast-food restaurants are facing a big issue with customer retention.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #hot shots #ticker today

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