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Netflix Could Start Buying Movie Theaters to Help Films Gain a Boost in Oscar Race, Report Says

Netflix Could Start Buying Movie Theaters to Help Films Gain a Boost in Oscar Race, Report Says

Netflix has made a strong effort to land Oscar nominations since debuting its first original feature, “Beasts of No Nation,” in 2015. The next step in the streaming giant’s plan to secure film awards could be to buy and own movie theaters. IndieWire: A new report from the Los Angeles Times says Netflix is considering buying theaters in Los Angeles and New York in order to gain a boost during Oscar season. People familiar with the situation say the theaters would be used to give greater exposer to the feature and documentary titles Netflix is hoping to push into the awards race. According to the Times, Netflix executives originally considered purchasing the Los Angeles-based Landmark Theaters, which is co-owned by Mark Cuban. The theaters are well known for attracting awards voters by running first-run features, documentaries, and foreign films during Oscar season. Sources close to Netflix confirm the company has no current plans to buy Landmark properties. Landmark has three Los Angeles locations and 53 theaters overall in the U.S. Sources close to Netflix.

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Posted by amiller in Blog, business
Pasta Is Good For You, Say Scientists Funded By Big Pasta

Pasta Is Good For You, Say Scientists Funded By Big Pasta

Earlier this month, numerous news outlets reported on a study which concludes that eating pasta is good for health. In fact, the reports claimed, eating pasta could help you lose weight. Except, there is more to the story. BuzzFeed News reports: What those and many other stories failed to note, however, was that three of the scientists behind the study in question had financial conflicts as tangled as a bowl of spaghetti, including ties to the world’s largest pasta company, the Barilla Group. Over the last decade or so, with the rise of the Atkins, South Beach, paleo, and ketogenic diets, Big Pasta has battled a societal shift against carbohydrates — and funded and promoted research suggesting that noodles are good for you. At least 10 peer-reviewed studies about pasta published since 2008 were either funded directly by Barilla or, like the one published this month, were carried out by scientists who have had financial ties to the company, which reported sales of 3.4 billion euros ($4.2 billion) in 2016. For two years, Barilla has publicized some of these studies, plus others favorable to its product, on its website with taglines like “Eat Smart Be Smart…With Pasta” and “More Evidence Pasta Is Good For You.” And the company hired the large public relations firm Edelman to push the latest study’s findings to journalists.

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Posted by amiller in Blog, business
Marissa Mayer is Back

Marissa Mayer is Back

Former Yahoo Chief Executive Officer Marissa Mayer is starting a technology business incubator, Lumi Labs, with longtime colleague Enrique Munoz Torres, she revealed in an interview with The New York Times. Bloomberg: The venture will focus on consumer media and artificial intelligence, according to the company’s website, which is set against a backdrop of snow-covered peaks. Lumi means snow in Finnish, Mayer told the New York Times, which reported the news earlier Wednesday. The next project for Mayer, who was an early employee at Google and worked there until leaving to run Yahoo in 2012, had been a matter of considerable speculation in Silicon Valley. She left Yahoo, once a leading search engine and web destination, after it was sold to Verizon Communications last year.

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Posted by amiller in Blog, business
Finland Is Killing Its Basic Income Experiment

Finland Is Killing Its Basic Income Experiment

tomhath shares a report: Since the beginning of last year, 2000 Finns are getting money from the government each month — and they are not expected to do anything in return. The participants, aged 25-58, are all unemployed, and were selected at random by Kela, Finland’s social-security institution. Instead of unemployment benefits, the participants now receive $690 per month, tax free. Should they find a job during the two-year trial, they still get to keep the money. While the project is praised internationally for being at the cutting edge of social welfare, back in Finland, decision makers are quietly pulling the brakes, making a U-turn that is taking the project in a whole new direction. “Right now, the government is making changes that are taking the system further away from a basic income,” Kela researcher Miska Simanainen told the Swedish daily Svenska Dagbladet.

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Posted by amiller in Blog, business
Jeff Bezos Reveals That Amazon Has Over 100 Million Prime Subscribers

Jeff Bezos Reveals That Amazon Has Over 100 Million Prime Subscribers

Amazon CEO Jeff Bezos revealed today that the company has over 100 million Prime members, “marking the first time in the 13-year history of Amazon offering its Prime membership that the company has ever revealed its number of subscribers,” reports The Verge. From the report: According to Bezos, Amazon Prime also saw its best year ever in 2017, with the company shipping over five billion products with Prime and signing up more new members than in any previous year. Also revealed today, Whole Foods Market will discontinue its rewards program on May 2 and fold it into Amazon Prime. “Stay tuned for additional announcements for Amazon Prime members,” reads the Whole Foods FAQ page focused on digital coupons, rewards and online accounts. “Any account benefits, including membership and/or unused rewards, will not roll into any future programs.”

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Posted by amiller in Blog, business
Robots Ride To the Rescue Where Workers Can't Be Found

Robots Ride To the Rescue Where Workers Can't Be Found

Fast-growing economies in Eastern Europe have led to severe labor shortages, so companies are calling in the machines [Editor’s note: the link may be paywalled]. From a report: In many major economies, companies are experimenting with replacing factory workers, truck drivers and even lawyers with artificial intelligence, raising the specter of a mass displacement of jobs. But in Eastern Europe, robots are being enlisted as the solution for a shortage of workers. Often they are helping to create new types of jobs as businesses in the Czech Republic, Hungary, Slovakia and Poland try to stay agile and competitive. Growth in these countries, which became low-cost manufacturing hubs for Europe after the fall of Communism, has averaged 5 percent in recent years, buoyed by the global recovery. Few are riding higher than the Czech Republic, where plants roll out cars for the likes of Toyota and consumer electronics for Dell, while smaller companies produce specialty goods to sell around the world. A roaring economy has slashed the jobless rate to just 2.4 percent, the lowest in the European Union. The dearth of manpower, however, has limited the ability of Czech companies to expand. Nearly a third of them have started to turn away orders, according to the Czech Confederation of Industry, a trade group.

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Posted by amiller in Blog, business