Taylor Swift’s Eras Tour Is Highest-Grossing Concert Film of All Time
Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
Taylor Swift’s Eras Tour Is Highest-Grossing Concert Film of All Time
Taylor Swift’s Eras Tour , Is Highest-Grossing Concert Film of All Time.
'Taylor Swift: The Eras Tour' raked in between
$95 million and $97 million during its opening
weekend, according to AMC Entertainment.
.
Official numbers have yet to be tallied.
It is now the highest-grossing
domestic concert film, .
Topping Justin Bieber's 'Never Say Never,'
which garnered $73 million in 2011, CNBC reports.
.
Swift's film was also released in over
3,850 domestic locations, more than
any other concert film in history.
The film’s debut is an undeniable
tentpole-level success despite the challenges
of predicting what it might achieve.
, Shawn Robbins, chief analyst at BoxOffice.com, via CNBC.
Swift, her fans, and theatrical exhibition
should all be celebrating the results, Shawn Robbins, chief analyst at BoxOffice.com, via CNBC.
It's estimated that 4.8 million people went to
see Swift's concert film over the weekend.
The question now is what the
Swift film will do for an encore
in the coming days and weeks, Paul Dergarabedian, senior media analyst at Comscore, via CNBC.
Reports of a spectacular in-theater
experience bodes well for the long-term
playability of the film and guarantees
the film will easily eclipse the
$100 million mark in the domestic market, Paul Dergarabedian, senior media analyst at Comscore, via CNBC
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Taylor Swift is shaking things up for the start of the European leg of her 'Eras' tour ... introducing a slew of changes for the new shows, and her fans.. TMZ.com
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Key Federal Reserve Inflation Gauge , Rose 2.8% in March.
According to Commerce Department
data released on April 26.
the personal consumption expenditures
(PCE) price index, not including food or energy, rose 2.8% year-over-year in March. .
That exceeded Dow Jones
estimates of 2.7%, CNBC reports. .
When also accounting for food and energy, the all-items PCE measure rose 2.7%,
which was above the 2.6% estimate.
Inflation reports released this morning
were not as a hot as feared, , George Mateyo, chief investment officer at Key Wealth, via CNBC.
... but investors should not get
overly anchored to the idea that
inflation has been completely
cured and the Fed will be cutting
interest rates in the near-term, George Mateyo, chief investment officer at Key Wealth, via CNBC.
The prospects of rate cuts remain,
but they are not assured, and the
Fed will likely need weakness in
the labor market before they
have the confidence to cut, George Mateyo, chief investment officer at Key Wealth, via CNBC.
Consumers continue to spend despite
higher prices, CNBC reports.
Personal spending increased 0.8% in March, while personal income rose 0.5%.
The personal saving rate dropped to 3.2% as more people are having to dip into their savings to cover the cost of living.
The Fed continues to target 2% inflation, which the core PCE has exceeded for
the last three years, CNBC reports.
Credit: Wibbitz Top Stories Duration: 01:30Published
Netflix Exceeds Earnings Estimates , As Subscribers Increase.
Netflix Exceeds Earnings Estimates , As Subscribers Increase.
Netflix released a Q1 earnings report on April 18, indicating that its number of subscribers jumped 16% year-over-year to reach 269.6 million.
Analysts only expected the streamer to have about 264.2 million subscribers, CNBC reports. .
The company also brought in $9.37 billion in revenue versus analysts' expectations of $9.28 billion. .
However, Netflix said that its membership numbers are no longer the main factor contributing to the company's growth.
As a result, the company will stop providing "quarterly membership numbers or average revenue per user" beginning in 2025, CNBC reports. .
Instead, it will divulge "major subscriber milestones as we cross them.".
Price hikes, terminating password sharing
and offering an ad-supported tier are all tactics that have boosted revenue.
Netflix is also seeking to gain traction within the video game space and recently partnered with TKO Group Holdings to offer WWE on the platform.
We’re in the very early days of
developing our live programming and
I would look at this as an expansion of
the types of content we offer, the way
we expanded to film and unscripted and
animation and most recently games, Ted Sarandos, co-CEO of Netflix, via earnings call.
We believe that these kind of event cultural
moments like the Jake Paul and Mike Tyson
fight are just that kind of television, and we
want to be part of winning over those
moments with our members as well, so that
for me is the excitement part of this, Ted Sarandos, co-CEO of Netflix, via earnings call.
As of the morning of April 18,
Netflix's stock was up 27%
Credit: Wibbitz Top Stories Duration: 01:30Published
Google Fires Employees , for Protesting Israel Contract.
28 Google workers have been fired for protesting
a $1.2 billion contract that the company has with
the Israeli government and military to provide
cloud and AI services, NBC News reports. .
The firings follow an April 16 sit-in at
Google's offices in California, New York and Seattle in which nine workers were arrested.
The group that coordinated the demonstration
is known as No Tech for Apartheid. .
Google issued a statement about the recent firings.
A small number of employee
protesters entered and disrupted
a few of our locations. , Google spokesperson, via statement.
Physically impeding other employees’
work and preventing them from
accessing our facilities is a clear
violation of our policies, and
completely unacceptable behavior. , Google spokesperson, via statement.
We have so far concluded
individual investigations that
resulted in the termination of
employment for 28 employees,
and will continue to investigate
and take action as needed, Google spokesperson, via statement.
No Tech for Apartheid claims that the
workers were fired "indiscriminately.".
This excuse to avoid confronting
us and our concerns directly,
and attempt to justify its illegal,
retaliatory firings, is a lie, No Tech for Apartheid, via statement.
Meanwhile, many of Google's workers have
reportedly quit after experiencing "mental health consequences of working at a company that is using their labor to enable a genocide," No Tech for Apartheid said.
On a personal level, I am opposed
to Google taking any military
contracts — no matter which
government they’re with or what
exactly the contract is about. , Cheyne Anderson, a Google Cloud software engineer based
in Washington who was arrested during a sit-in, to CNBC
Credit: Wibbitz Top Stories Duration: 01:31Published
Amazon Cuts Hundreds , of Cloud Computing Jobs.
An Amazon Web Services (AWS)
spokesperson issued a statement about
the job cuts on April 3, CNBC reports. .
We’ve identified a few targeted areas of
the organization we need to streamline
in order to continue focusing our efforts
on the key strategic areas that we
believe will deliver maximum impact, AWS spokesperson, via statement.
We didn’t make these decisions
lightly, and we’re committed
to supporting the employees
throughout their transition to new
roles in and outside of Amazon, AWS spokesperson, via statement.
Cuts are being made to the store technology division “as a result of a broader strategic shift in the use of some applications in Amazon’s owned as well as in third-party stores,” the spokesperson said.
The layoffs come after Amazon announced that it was ending its Just Walk Out technology in Fresh stores.
The cashierless technology is overseen
by teams within the AWS unit. .
Beginning in 2022, Amazon started
its largest layoffs in history by letting
go of 27,000 roles company-wide. .
So far in 2024, the retail behemoth has cut jobs at Audible, Buy with Prime, Prime Video, MGM Studios and Twitch, CNBC reports. .
This latest round of cuts will
allow U.S. employees to collect pay
and benefits for a minimum of 60 days.
They will also be offered a severance package.
Credit: Wibbitz Top Stories Duration: 01:30Published
UPS to Become US Postal Service’s , Main Air Cargo Provider.
On April 1, United Parcel Service announced
that it will replace FedEx as the primary air
cargo provider for the USPS, CNBC reports. .
On April 1, United Parcel Service announced
that it will replace FedEx as the primary air
cargo provider for the USPS, CNBC reports. .
FedEx is walking away from a
22-year partnership after failing to
secure a better contract with the agency. .
FedEx is walking away from a
22-year partnership after failing to
secure a better contract with the agency. .
In fiscal year 2023, USPS paid FedEx $1.73 billion
for its services, down from the $2.4 billion
FedEx received in fiscal year 2020.
The decrease in payments was partially due
to the postal service using more economical
trucks in place of planes, CNBC reports. .
The parties were unable to reach
agreement on mutually beneficial
terms to extend the contract, FedEx, via securities filing.
Since FedEx will lose nearly $2 billion in annual
business from letting go of the contract, .
hundreds of pilots will likely
lose their jobs, CNBC reports .
Following the announcement, UPS shares
increased 1.4% while FedEx stock dropped 1.6%.
FedEx's current contract is
set to expire on Sept. 29
Credit: Wibbitz Top Stories Duration: 01:30Published
Reddit Prices Shares , at $34 in IPO.
Reddit will go public on March 21 and has priced
its IPO at $34 a share, Yahoo Finance reports.
That is about a $6.4 billion valuation.
A social media company hasn't gone
public since Pinterest in 2019.
Reddit gained increased recognition
amid the meme stock craze of 2021.
Reddit had 500 million site visitors in 2023.
Its revenue increased 20%
from 2022 to $804 million.
According to an S-1 filing, Reddit said that its "content is particularly important" for the world of artificial intelligence.
We are exploring business
opportunities in licensing data
for purposes including machine
learning, business analysis, display
and training generative AI models, Reddit, via S-1 filing.
1.76 million shares have been set aside for eligible Reddit users and moderators. .
Headline venture partner Kamran Ansar
said the decision lends itself to volatility. .
You may see a big run up in
the stock price and a drop, Headline venture partner Kamran Ansar, via statement.
Because this has such a rabid
community around it, the Reddit
users, you could see Reddit itself
ironically become a meme stock
the way that you saw happen
with like AMC and GameStop, Headline venture partner Kamran Ansar, via statement
Credit: Wibbitz Top Stories Duration: 01:30Published
Another week comes to a close ... and, TMZ's got you covered with some of the hottest takes on television. Check out the best from the last week. On "TMZ Live,".. TMZ.com
Justin and Hailey Bieber , Make Big Pregnancy Announcement.
'E Online' reports that Hailey
and Justin Bieber are expecting
their first baby together. .
The happy couple shared the
news on Instagram on May 9.
The Grammy winner and the Rhode Skin
founder revealed the news with a video
of their Hawaiian vow renewal. .
The news comes almost six years
after the couple wed at a New York City courthouse in September of 2018.
One year later, the couple celebrated their marriage
with a lavish wedding ceremony in South Carolina.
One year later, the couple celebrated their marriage
with a lavish wedding ceremony in South Carolina.
The 'Love Yourself' singer first hinted at the couple's
plans to start a family in October of 2019, posting
a video of a father with his child, writing "this is
something I look forward to" on Instagram. .
The 'Love Yourself' singer first hinted at the couple's
plans to start a family in October of 2019, posting
a video of a father with his child, writing "this is
something I look forward to" on Instagram. .
In February of 2020, Justin explained in an interview
with Zane Lowe that he and Hailey wanted to "enjoy
being married for a little bit" before having kids.
In February of 2020, Justin explained in an interview
with Zane Lowe that he and Hailey wanted to "enjoy
being married for a little bit" before having kids.
In an appearance on Ellen DeGeneres' talk show,
Justin noted that the couple doesn't have
a set number of kids in mind, saying , "I'd love to have myself a little tribe, but yeah,
it's her body and whatever she wants to do.".
In an appearance on Ellen DeGeneres' talk show,
Justin noted that the couple doesn't have
a set number of kids in mind, saying , "I'd love to have myself a little tribe, but yeah,
it's her body and whatever she wants to do.".
In the Amazon Prime documentary, 'Justin
Bieber: Our World,' the couple gave fans
a glimpse of their family planning discussion. .
In the Amazon Prime documentary, 'Justin
Bieber: Our World,' the couple gave fans
a glimpse of their family planning discussion. .
My intention for 2021 is to continue
to set goals and have fun while
doing them. Make sure I put
my family first. And, hopefully,
we squish out a little nugget, Justin Bieber, 'Justin Bieber:
Our World', via Amazon Prime.
My intention for 2021 is to continue
to set goals and have fun while
doing them. Make sure I put
my family first. And, hopefully,
we squish out a little nugget, Justin Bieber, 'Justin Bieber:
Our World', via Amazon Prime
Credit: Wibbitz Top Stories Duration: 01:34Published
Justin Bieber's mom, Pattie Mallette, is over the moon about her son's huge baby announcement -- but she's even more excited about becoming a grandma. Mallette.. TMZ.com
A Bieber baby is on the way! Justin and Hailey Bieber are expecting their first child together. The pop superstar and model-turned-beauty mogul shared the news on Instagram with a sweet video and a series of photos capturing Hailey's baby bump. It appears the pair celebrated the news by renewing their vows, as the video footage they shared features them standing with a pastor.
Credit: The Hollywood Reporter Duration: 01:00Published
12:35 PM PT -- Sources with direct knowledge tell TMZ ... Hailey Bieber's a little over six months pregnant, so sounds like she's entering the third trimester.. TMZ.com
It’s Friday, October 27th and we’re breaking down all the new music you need to know. Taylor Swift’s ‘1989 (Taylor’s Version)’ is finally here, Rema released his highly anticipated EP..
Taylor Swift , Is Now a Billionaire.
Follow the 33-year-old's recent tour success, Swift's net worth is now $1.1 billion, 'Bloomberg' reports. .
Meanwhile, the U.S. leg of the 146-date
Eras Tour..
Credit: Wibbitz Top Stories Duration: 01:30Published
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