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Category: ves
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Will Artificial Intelligence End Human Creativity? The Future of Immersive Computing
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Netflix Acquires Animation Studio Animal Logic
https://deadline.com/2022/07/netflix-acquires-animation-studio-animal-logic-1235072619/
https://animallogic.com/wp-content/uploads/2022/07/AnimalLogic_PressRelease_Final.pdf
NETFLIX ACQUIRES WORLD LEADING INDEPENDENT ANIMATION STUDIO ANIMAL LOGIC
19 July 2022 Netflix and Animal Logic are excited to announce today that Netflix plans to acquire the
Australian animation studio.* This acquisition will support Netflix’s ambitious animated film slate,
building on films like Academy Award-nominated Over the Moon, Academy Award-nominated Klaus
and the recently released The Sea Beast -
Clearview AI fined in UK for illegally storing facial images
https://www.bbc.com/news/technology-61550776
Facial recognition company Clearview AI has been fined more than £7.5m by the UK’s privacy watchdog and told to delete the data of UK residents.
The ICO says that, globally, the company has stored more than 20 billion facial images.
Clearview AI takes publicly posted pictures from Facebook, Instagram and other sources, usually without the knowledge of the platform or any permission.
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Netflix Animation’s management reboot and cancellations
https://ca.news.yahoo.com/netflix-animation-erased-executives-fired-220251819.html
Phil Rynda, whose official title is Netflix’s Director of Creative Leadership and Development for Original Animation, was let go this week, along with several of his staff, TheWrap can exclusively report and Netflix has confirmed.
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Netflix shares loss may trigger a free, ad-supported streaming
Announcing its Q1 2022 results, the streaming leader revealed that it had lost 200,000 subscribers in the quarter, prompting an investor sell-off that lopped off more than a third of the SVOD’s value in after-hours trading.
Netflix co-CEO Reed Hastings then revealed in an earnings call that the streamer would roll out cheaper ad-supported versions of its service, with plans being explored “over the next year or two.”
https://www.bbc.com/news/business-61173561
Squeezed consumers are cutting back on streaming services to save money, while some feel there is too much content to choose from amid an avalanche of competition from rivals such as Disney and Amazon.
“Netflix’s wider problem, along with the rest of the sector is that consumers don’t have unlimited funds, and that one or two subscriptions is usually enough,” said Michael Hewson, an analyst at CMC Markets.
Netflix remains the world’s leading streaming service with more than 220 million subscribers. It is increasingly producing its own content and shows such as the Crown, Bridgerton and Squid Game have been global hits.
The firm had enjoyed uninterrupted quarterly growth in subscribers since October 2011 but on Tuesday it admitted it was losing customers to rivals, while struggling to expand due to password sharing.
It also said a decision to raise prices in key markets had cost it 600,000 subscribers in North America alone, while its exit from Russia over Ukraine lost it 700,000.
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Rajiv Talreja on retaining talent through quality of life balance
Industrial revolution: people took a job for survival
Information revolution: people took a job for standard of living
Digital social revolution: people are taking a job for quality of life
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Paramount+ reveals new streaming plans
www.bbc.com/news/entertainment-arts-60401124
Streaming service Paramount+ has announced a huge slate of new shows and films ahead of its expansion to countries including the UK this year.
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Matrix co-producer sues Warner Bros. over same-day HBO Max streaming release
www.cnbc.com/2022/02/07/matrix-co-producer-sues-warner-bros-over-hbo-max-streaming-release.html
“WB’s sole purpose in moving the release date of ‘The Matrix Resurrections’ forward was to create a desperately needed wave of year-end HBO Max premium subscriptions from what it knew would be a blockbuster film, despite knowing full well that it would decimate the film’s box office revenue and deprive Village Roadshow of any economic upside that WB and its affiliates would enjoy,”
“The Matrix Resurrections” disappointed at the box office, partially because of its simultaneous release strategy and partially because its target audience is older than the moviegoers who have been most active in returning to cinemas.
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