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“You are loved and accepted just the way you are” – U.S President’s message on #NationalComingOutDay

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Its been thirty-three years since the National March on Washington for Lesbian and Gay Rights, and National Coming Out Day has now turned into an annual celebration

Today marks an important day in the LGBTQ community, to raise awareness for their ongoing fight for equality.

U.S President Joe Biden criticised legislation that discriminates against the community

In a statement directed to queer Americans, Biden said “today and every day, I want every member of the LGBTQ+ community to know that you are loved and accepted just the way you are—regardless of whether or not you’ve come out.”

“Bullying and harassment—particularly of young transgender Americans and LGBTQ+ people of color—still abounds, diminishing our national character,” he continued.

“We must continue to stand together against these acts of hate, and stand up to protect the rights, opportunities, physical safety and mental health of LGBTQ+ people everywhere.”

U.S PRESIDENT JOE BIDEN

People have taken to social media to share their coming out stories

Public figures including celebrities and politicians have taken to twitter to support #NationalComingOutDay

https://twitter.com/CynthiaNixon/status/1447578607904251909

Up, up and out of the closet!

The new Superman, Jonathan Kent, who is the son of Clark Kent and Lois Lane, is now set to begin a romantic relationship with a male friend, DC Comics.

Other iconic brands got involved to show their LGBTQ support, like Bratz dolls and Disney’s Pixar.

https://twitter.com/Pixar/status/1447600421892145154

In a message from It Gets Better, a reminder that It might be #NationalComingOutDay but remember it’s important to come out in your own time

Everyone’s journey is different, but to the queer community – know that this is your day too, your place in this community is valid and your voices are heard and seen.

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Streaming service shift and the award season snubs

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Netflix Introduces Changes to Subscription Model, Academy Award Nominations Spark Cinematic Buzz, and the Doomsday Clock Continues its Ominous Ticking.

Netflix is set to discontinue its ad-free Basic subscription in select countries, commencing with Canada and the UK in Q2 2024.

This strategic shift introduces a significant price increase for the baseline entry, signalling potential adjustments to Netflix’s global pricing structure.

Simultaneously, the 96th edition of the Academy Award nominations has stirred cinematic debates, with the prevailing question being whether the upcoming season will be dominated by “Barbie” or “Oppenheimer.” These contrasting narratives set the stage for a fierce competition, highlighting the diverse and compelling offerings in this year’s film industry.

Beyond the realm of entertainment, the Doomsday Clock, a symbolic representation of the likelihood of a human-made global catastrophe, continues its ominous countdown.

Maintained since 1947 by the Bulletin of the Atomic Scientists, the clock serves as a metaphor for threats arising from unchecked scientific and technological advances. As global tensions, environmental challenges, and technological risks persist, the ticking of the Doomsday Clock serves as a poignant reminder of the urgent need to address multifaceted threats to humanity.

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Adidas faces potential $320M Yeezy shoe write-off post-Kanye split

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Adidas is contemplating a significant financial blow as it considers writing off $320 million worth of Yeezy shoes following its separation from music and fashion icon Kanye West.

The sportswear giant’s decision to sever ties with West’s Yeezy brand has left a mountain of unsold merchandise, threatening to dent the company’s balance sheet.

The partnership between Adidas and Kanye West, which began in 2013, had been immensely successful, with Yeezy shoes becoming a highly sought-after fashion statement.

However, recent controversies and disagreements between West and Adidas prompted the sportswear company to distance itself from the celebrity designer.

The massive inventory of Yeezy shoes now presents a dilemma for Adidas, as it grapples with finding a solution to deal with the surplus stock. A $320 million write-off could significantly impact the company’s financial performance in the short term.

Adidas is currently exploring various options, including discounting, donating, or repurposing the unsold inventory to mitigate the financial hit.

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Warner Bros discovery warns of Hollywood’s ‘real risk’ post-strikes’

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Warner Bros Discovery, has issued a stark warning regarding the ‘real risk’ that Hollywood faces in the aftermath of the recent strikes that have taken a considerable toll on the industry’s financial health.

The strikes, which disrupted film and television production for several weeks, resulted in substantial financial losses for studios, production companies, and countless industry professionals.

Warner Bros Discovery emphasised the necessity for a resilient and adaptable approach to navigate the ongoing challenges and uncertainties facing the film and television sector.

The conglomerate stressed the importance of implementing measures to mitigate such risks in the future, which include fostering better labour relations and contingency planning to safeguard against potential disruptions.

The message underlined the need for the industry to adapt to the evolving landscape of content creation and distribution, particularly in the digital era.

This warning from Warner Bros Discovery highlights the need for the entertainment industry to recognise the ever-changing dynamics and economic challenges, and the importance of preparedness to maintain its prominent position in the global market.

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