https://www.theglobeandmail.com/opinion/article-canada-is-no-longer-one-of-the-richest-nations-on-earth-country-after/

“… the problem with Canada’s economy is not cyclical, but secular; not one of utilization, but capacity. It is not so much that growth is temporarily below potential as that potential growth has slowed to a crawl.

More to the point, the economy is now growing slower than the population, which is why per capita GDP is now falling. And it’s per capita GDP that really counts, as far as living standards are concerned.

They are no longer one of the richest countries on Earth. Among the richer countries, they are on course to being one of the poorer.

The economist Trevor Tombe has shown that Canada’s richest province, Alberta, would rank 14th among U.S. states. The poorest five provinces now rank among the six poorest jurisdictions in North America. Ontario ranks just ahead of Alabama. British Columbia is poorer than Kentucky.”

The press release:
http://www.visualeffectssociety.com/system/files/15/files/ves-globalindustrywhitepaper-release.pdf

The white paper:
http://www.visualeffectssociety.com/system/files/15/files/ves-global-vfx-industry-whitepaper.pdf

ves-global-vfx-industry-whitepaper

https://www.ft.com/content/ae756fda-4c27-4732-89af-cb6903f2ab40

From the Financial Times:

The top eight US #media groups plan to spend at least $115bn on new movies and #TV shows next year in pursuit of a video #streaming business that loses money for most of them.

The huge investment outlays come amid concerns that it will be harder to attract new customers in 2022 after the pandemic-fuelled growth in 2020 and 2021. Yet the alternative is to be left out of the streaming land rush.

Most of the companies — a list that includes The Walt Disney Company , Comcast , WarnerMedia and Amazon — are set to rack up losses on their streaming units. Including sports rights, the aggregate spending estimate rises to about $140bn.

But the fact that even the industry leader must invest heavily to churn out shows and keep pace with competitors has caused some investors to ask whether video streaming is a good business.

Netflix is set to spend more than $17bn on content next year — up 25 per cent from 2021 and 57 per cent from the $10.8bn it spent in 2020. The company expects to break even and become free cash flow positive in 2022.

“The market is increasingly concerned there is no pot of gold at the end of this rainbow”, the bank’s analysts said.

www.epicgames.com/site/en-US/news/capturing-reality-is-now-part-of-epic-games