The circuit in 2019 will raise pricing for its ticket app, where it has proven most popular.
In a crucial period with the midterms less than a month away, some in the White House are worried that the president is losing a prime-time megaphone to his base.
Perhaps I’m wrong, but in the past I don’t recall any of the networks carrying full coverage of any rallies like these except perhaps the nominating conventions; even then they did it somewhat begrudgingly or only with partial coverage? At best, the coverage of these was small individual soundbites of candidates. Fox news has obviously and sadly been using them more for entertainment value than for any news value they might have had. Could this new coverage be coined liefotainment? There certainly isn’t any journalistic value in full coverage. I wonder if they’ll be carrying flaming-cross to flaming-cross coverage of KKK rallies next?Syndicated copies to:
You may have noticed that big things are happening at Pandora. Earlier today, we announced that we’ve entered into an agreement to be acquired by SiriusXM, in an all-stock transaction, valued at approximately $3.5 billion. Here’s what this means for our listeners, and why we’re excited: First...
Bookstores have become cultural Rorschach tests. After the past decade or so, you’ve either been traumatized by watching your favorite store go dark, or you’re fine with the coffee and craft cocktails now served alongside exquisitely curated books.
This fall begins a new era, or maybe a retro one, marked by the reemergence of national bookstore chains and two prototype stores opening next month. In New York, Shakespeare & Co. is growing to three locations, laying the groundwork for its national expansion, while Indigo, Canada’s largest bookstore chain, is opening its first U.S. store in New Jersey, staking its claim before growing west. Both believe there’s big potential in general bookstore chains despite wildly different ideas about how we buy books.
MoviePass announced a movie theater subscription plan that seemed too good to be true in 2018. As it turns out, it was. As the service bled cash, subscribers were actually the ones taking the hit, with their subscriptions being swapped, changed, or even revoked entirely. So while MoviePass isn’t the movie industry’s savior, it could illuminate a path forward for theaters to take control of their own destinies.
For almost 25 years, Shane Smith’s plan was that, by the time the suckers caught on, he’d never be stuck owning the company he co-founded.
A fantastic article.
This reminds me a lot of the recent Theranos stories and book. It’s sad how companies don’t do enough due diligence on potential investments like this. When I think about how much basic work and discussion Marcus Lemonis does for $100,000 investments, I’m appalled to hear what people are doing for multi-millions. It’s stunning that a company can get to this size and be worth nearly nothing. Using the relative size (ie number of employees) of business units like human resources and legal within a particular industry could be a reasonable guide for the internal management of a company.
This is also a good example that while investments may give a company a particular valuation, it can rarely be the actual potential present value of the company. As a result, workers who are working for near free plus stock should be paying closer attention to company internals to know that their stock portion is going to be completely worthless.
Worse, I’m always pained to hear that young people (rich or otherwise) are essentially giving away their work and sweat equity away for free to big companies that could easily pay them. Eventually the pendulum is going to swing back the other way and companies are going to need to pay more.
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“Shane would always say that young people are the No. 1 bullshit detector, which was annoying once you realized that the thing he mastered is getting young people to buy shit,” says a recently departed senior employee.
Restrictions and no longer selling its one-movie-per-day plan, are bad signs
Sad to hear this is happening. Hopefully they can hang along to get the expected economies of scale they were aiming to get before they go under. Of course, somehow the market is going to equilibrate on them.Syndicated copies to: