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Where science meets the shoreline, Iowa Lakeside Laboratory builds for the future
Construction is underway on a new Innovation and Discovery Lab at Iowa Lakeside Laboratory that will expand hands-on learning for students of all ages. The new space will also support research to better understand and protect the water quality of the Iowa Great Lakes.
Reporter Claims Game Pass Is 'Absolutely Detested' By Some Xbox Studio Leaders
Could it change in the future?
Android Auto is finally getting the Google Maps feature drivers have wanted
Google Maps on Android Auto gets a speedometer two years too late.
By Scrapping Studios and Doubling Down on Decades-Old Franchises, Xbox Is Dismantling Its Future To Rebuild a Past It Can Never Recapture
Xbox's big reset has scrapped studios building original ideas in favour of doubling down on legacy IP - but how will it find its next big franchise if it only focuses on the old?
The Science of Moonshots: Using Evidence to Design Transformative Initiatives
We’ve identified the key ingredients of successful moonshots that meet the moment, and developed recommendations about what future efforts can and should look like.
Building the Future of AI at American Express: Meet Berta Rodriguez-Hervas, SVP of Enterprise AI Platforms
Building the Future of AI at American Express: Meet Berta Rodriguez-Hervas, SVP of Enterprise AI Platforms
School program trains future business leaders — with help from SLO’s Junkgirls
The program is looking to expand, but funding has been an obstacle.
Little bottles are becoming a big business for booze
As drinkers cut back, the future for big booze might be smaller — literally.
"The Gears of War trilogy was largely developed hungover by me" - Cliff Bleszinski reckons with a difficult past while plotting a return to games and a brighter future
Cliff Bleszkinski, the designer instrumental in the creation of Gears of War - the face of the series for three games -…
Conversation With: Dr. Nagaraj Kikkeri, Hinkapin Health
The founder and CEO shares why she thinks healthcare pricing remains broken, what employers are demanding these day, and why compassion over cost should shape the industry's future.
Harvard Scientists Turned a Silicon Chip Into a DNA Factory
Harvard scientists have built a silicon chip that writes DNA using electricity and water, pointing toward a cleaner future for DNA manufacturing and biotechnology.
The supercars and super sports cars utilizing electric power, hybrid technology, as well as gasoline
In recent years, there's been a move toward electric power for supercars and super sports cars, or at least a lot of talk of that.
Samsung Galaxy Unpacked 2026 launch live: Z Fold 8 Ultra, Z Fold 8, Z Flip 8, Galaxy Glasses, and all the news
Samsung is about to launch a whole bunch of devices soon, and we're following it all until it happens!
Windows 11's big 2026 update is almost here, and these 10 things you need to know before upgrading could save you time and frustration
Windows 11 2026 (26H2) Update looks like a new version, but it follows Microsoft's newer approach of smaller, faster upgrades.
Bethesda confirms 'Fallout 5' and 'The Elder Scrolls VI' are built on new Creation Engine 3 — Todd Howard explains the goal to give more power to devs and creators
We spoke to Todd Howard about the power of Creation Engine 3, and how Roblox has validated Bethesda's focus on independent creators.
'It Isn't Something Carved in Stone': Xbox Still Unclear on Future PS5 Ports
Single player games could still come to Sony's console
'It's absolutely exciting!': Astronomers discover an atmosphere around an Earth-like planet in the habitable zone for first time ever
Astronomers have detected helium escaping from the super-Earth LHS 1140 b, providing the strongest evidence yet that a rocky planet in another star's habitable zone has retained an atmosphere for billions of years.
Some Xbox studio leads reportedly "detest" Game Pass — so why did Xbox push ahead with it? "It felt like a race to zero."
In a new podcast, Bloomberg's Jason Schreier shared thoughts from Xbox Game Studios leaders, who reportedly "detest" Game Pass and its impact on perception of value.
Cells from your mother likely infiltrated your brain in the womb, and they could survive for decades, study reveals
Maternal cells that infiltrate children's brains during pregnancy take on different jobs in the brain and may persist into old age.
I replaced my notebook with an AI pen for a month
No, you may not borrow my AI pen — here's why I think you should get your own
Google and Apple are clashing with the EU over the future of AI assistants
Google and Apple have a big leg up in the AI race: their control of billions of smartphones around the world.
A new AI benchmark: Betting on the World Cup.
Can AI predict the future? A World Cup betting contest reveals which models make the smartest wagers.
Scientists told them, 'No, it's too dangerous,' but they did it anyway: Inside Japan's super-close asteroid flyby
A last-minute proposal saw Hayabusa2 whizz within just 800 meters of a near-Earth asteroid.
James Webb telescope uses trippy Einstein prediction to probe the farthest reaches of the universe — Space photo of the week
The James Webb telescope peers through a warped bubble of space-time to study galaxies from the first billion years after the Big Bang.
What's the oldest weapon in the world?
There are a few contenders for the world's oldest weapon, and one is over 400,000 years old.
Google Pixel 11 Pro XL vs. Pixel 10 Pro XL: A glowing upgrade
The Pixel 11 Pro XL is expected to improve performance, battery life, and deliver a unique Pixel Glow.
Harry Kane on World Cup future with England
Harry Kane reflects on England's successes and failures at the 2026 World Cup as well as his future with the national team.
This wild Microsoft tech may solve data storage and backup crisis forever
Future data storage backup crises may become a thing of the past, thanks to Microsoft's groundbreaking technology innovation.
Bernie Sanders and AOC bring anti-establishment fight to Michigan
The progressive duo rallied Saturday for Abdul El-Sayed, whose Democratic Senate primary clash with Rep. Haley Stevens represents the latest battle over the party’s future.
Nets' Brown Ranked No. 6 Rookie in Summer League
Mikel Brown Jr. is electrifying Brooklyn fans with elite two-way play, showcasing the shifty shot-creation and defensive length that cement his status as a cornerstone of the Nets' future.
Steam Machine Engineers at Valve Signal Grim Future as Memory Crisis Is 'Still Getting Worse'
Steam Machine engineers at Valve have warned the ongoing memory crisis in tech is "still getting worse" as buyers face already exorbitant prices.
Reds open for business, but could add for the future: Sources
For now, sources indicate the Reds are focusing their efforts on moving players with expiring contracts.
The Clock Is Now Ticking on Netanyahu’s Political Future
Israel’s prime minister is bracing for a fight to stay in power as the parliament dissolves and the countdown to an election begins.
Melissa Gilbert reveals future of 'When Calls the Heart' role
For Melissa Gilbert, some goodbyes truly are a Hallmark moment.
Thoughts on the Eastern Conference and the Orlando Magic
I recently joined my colleagues on the Heat Wave Podcast to discuss the changing Eastern Conference landscape and the Orlando Magic's future in it.
Mentor Shore student takes business idea to Mott Million Dollar Challenge
What started as an assignment in an American Studies class has taken 14-year-old Delayna Sotock on an unexpected whirlwind journey to a national competition and could lead to even bigger things in the future. On June 15 and 16, Sotock…
LSU Football Schedule: Tigers lock in future nonconference games
LSU football added four nonconference games to its future schedules, including the renewal of an old rivalry.
Windows 11’s massive July 2026 update fixes 570 vulnerabilities and shows how AI is quietly reshaping Patch Tuesday itself
Microsoft says AI is reshaping Windows security, and the July 2026 Patch Tuesday update is the first major sign of what's coming.
"There has to be a reason for people to buy an Xbox": Making sense of Microsoft's messy return to console exclusivity
The Saturday Read | Senior leaders across Xbox detail why the platform is returning to console exclusivity, and explain why Gears of War: E-Day and Clockwork Revolution are only the beginning
'A dangerous proposition': How AI is warping the social fabric and the ways we collectively imagine the future
In this excerpt from "Predicted: How AI Is Restructuring Social Life," author Mona Sloane examines how artificial intelligence is reconfiguring our understanding of the world and how we imagine the future.
'Fireball' meteorite that smashed into New Jersey home contains ingredients of life from an ancient proto-planet, study finds
Amino acids and other "pre-biotic" molecules were spotted in a meteorite that crashed into a New Jersey home in 2024.
Science news this week: Gold tongues discovered in tombs, sugar found in space, a new monkey identified in the Congolian rainforest, and ancient impact crater 'geoguessed' by an amateur astronomer
July 18, 2026: Our weekly roundup of the latest science in the news, as well as a few fascinating articles to keep you entertained over the weekend
Life after Kane - are England facing a false nine future?
Are England facing the prospect of using a false nine up front once record scorer Harry Kane calls time on his international career?
What is the roundest animal?
It's fairly uncommon to find a spherical creature, although they're more common in the sea than on land. So which one is the roundest?
Former Red Wings Defenseman Weighing Hockey Future
The post Former Red Wings Defenseman Weighing Hockey Future appeared first on Detroit Hockey Now. If this is indeed it for Jakub Kindl’s pro hockey playing career, the former Detroit Red Wings defenseman will be […] The post Former Red Wings Defenseman Weighing Hockey Future appeared first on Detroit Hockey Now.
New liquor liability insurance program promises affordable coverage for at-risk businesses
Hundreds of businesses have closed, citing struggles with skyrocketing insurance policies needed to sell alcohol under state mandates. A partnership is working to secure those small businesses in South Carolina's future.
High impact, high science: How First Flight is building North Carolina’s innovation future
First Flight Venture Center has spent more than three decades helping science and technology startups grow into companies that create jobs, attract investment and strengthen North Carolina’s economy.
High impact, high science: How First Flight is building North Carolina’s innovation future
First Flight Venture Center has spent more than three decades helping science and technology startups grow into companies that create jobs, attract investment and strengthen North Carolina’s economy.
Bill Barnwell Makes Bold Claims on Minnesota Vikings Roster
From Justin Jefferson's staggering trade value to surprise inclusions like Donovan Jackson, discover why three cornerstone stars could command an unprecedented haul of future first-round draft picks.
Steph Curry Opens Up About What's Next in His Career
Steph Curry speaks about his future.
The Future of Sports Prep Is Here: Nebraska Robot Prepares National Archery Stage
A robot made by a Nebraska company is helping prepare the stage for some of the country’s top young archers.The Lincoln Sports Foundation is using a GPS-guided
EA Ads Lead Outlines Future of In-Game Ads Across EA's Biggest Franchises
The Game Business interviewed Alexander Dao, Head of EA Ads, and gave use insight into how in-game ads may work, and why they work.
'RNA can do things which we have never seen before': New study challenges assumptions about what RNA was up to at the dawn of life
RNA can fold into more complex configurations than scientists thought, raising questions about how important these 3D structures were when life on Earth began.
Earth's largest particle accelerator opens new window into the early universe just after the Big Bang: 'A culmination of a decades-long quest'
According to one researcher, this observation "promises new insights into the evolution of the early universe."
As a PC Gamer Who Hasn’t Bought a Disc in a Decade, I Think PlayStation All-Digital Future Was a Long Time Coming – but There Are Still Reasons To Be Wary
PC gaming has been all-digital for years, but while Steam proves it can work, PlayStation owners should still be wary of losing physical discs.
'These are striking forecasts': Super El Niño keeps getting even more likely, and it could bring a humanitarian crisis
Forecasts point to the ongoing El Niño rapidly strengthening to a likely all-time record in the coming months, fueling temperature rises and extreme weather.
Alan Rothenberg on Soccer’s American Future
The architect of the 1994 World Cup on soccer's future, MLS growth, franchise values, and the 2026 final.
MEDaL-1 Mars Lander Science Definition Team
[ESA] Join the Science Definition Team (SDT) to help define the Exploration Science Payload for a proposed future Mars lander: MEDaL-1. Full announcement The European Explore2040 strategy expresses a bold […]
The future of oncology: Early-career scientists need mentorship and a new academic model
The early years of a scientific career can be unforgiving. For junior investigators, starting a lab is a high-pressure moment: Securing that first National Institutes of Health grant, publishing meaningful work, and proving they belong. It’s a period marked by uncertainty and, often, anxiety about whether it will all come together. I’ve seen that play […]
'Shared cosmic experience': 'Potentially hazardous' asteroid Apophis could be visible to 90% of Earth's population during ultraclose 2029 flyby, new maps reveal
Researchers predict that up to 7.6 billion people will be able to see the potentially hazardous asteroid Apophis fly past Earth on April 13, 2029. The skyscraper-size space rock will come closer than some satellites, making it clearly visible to the naked eye.
Industrial projects set the stage for future retail development in Ascension
Industrial investment is fueling commercial real estate growth in Ascension Parish as developers and retailers prepare for continued population and job expansion, Ascension Business Report writes. According to Charlie Colvin, president of Momentum Commercial Real Estate, major projects such as CF Industries and Hyundai’s investments are bringing new workers to the area, which is increasing […]
Bethesda Reveals Roadmap: The Elder Scrolls 6, Fallout 5, Obsidian's New Fallout Game, Several Remaster Projects, and More All Confirmed
Bethesda Game Studios has laid out its roadmap for the foreseeable future. It includes The Elder Scrolls 6, Fallout 5, a new Fallout game from Obsidian, multiple other Fallout projects, several remaster projects, and a live "Fallout Day" in Washington, D.C. in 2027.
U.S. National Science Foundation, NSF National Radio Astronomy Observatory, and U.S. Naval Observatory Partner on Pathfinder for Next Generation Very Large Array
The U.S. National Science Foundation (NSF), the NSF National Radio Astronomy Observatory (NSF NRAO), and the U.S. Naval Observatory (USNO) are advancing a new collaboration to support the future of high-resolution radio astronomy and astrometry, with the development of a pathfinder instrument for the proposed Next Generation Very Large Array (ngVLA).
AMC Entertainment Holdings (AMC) Is Up 8.9% After Debt Refinancing And Note Conversion - Has The Bull Case Changed?
AMC Entertainment Holdings has advanced its balance-sheet overhaul by refinancing US$400 million of high-interest debt on better terms and converting about US$155.8 million of senior secured exchangeable notes into equity, while also preparing to report its second-quarter 2026 results on July 20. These moves reduce long-term obligations and loosen restrictive covenants, potentially giving AMC more room to support core theater operations and future refinancing efforts ahead of its upcoming...
Morgan State University Launches Artificial Intelligence Degree to Prepare Students for the Next Era of Innovation
New Undergraduate Program and Interdisciplinary Risk Management Course Expand Career-Ready Offerings Aligned With the Future of Work and the Demands of an AI-Driven Economy
Energy security starts at home
By Carly West With Colorado’s legislative session behind us and a new group of lawmakers preparing to take office next year, now is a good time to step back and consider a broader question: What role should Colorado play in America’s energy future? For most Americans, energy security isn’t something they think about every day. […]
Bucs' Wirfs Ranked One of NFL's Top-10 Franchise Players
As an elite left tackle with Hall of Fame potential, Tristan Wirfs anchors Tampa Bay’s future while outshining nearly every non-quarterback on this exclusive ranking of cornerstone players.
Did ancient Egyptian princesses use weapons? Controversial study claims they hunted or trained with the military, but not all experts agree.
Nearly 4,000-year-old skeletal remains show that several royal women repeatedly used their upper-body muscles. Researchers link those changes to archery and weapon training, but outside experts urge caution.
Champions to advance public health - Center Times Plus, UT Southwestern
The Peter O’Donnell Jr. School of Public Health recognized outstanding individuals whose work is making a meaningful difference. Honored for their achievements in service, scholarship, innovation, and leadership, these changemakers represent the next generation. Learn more about their goals, passions, and visions for the future of public health.
You can already buy the unreleased Galaxy Z Fold 8 Ultra, provided you have $13,000
Samsung hasn't even unveiled the Galaxy Z Fold 8 Ultra yet, but one company is already selling a $13,000 version wrapped in football history.
Michigan board did not discuss AD Warde Manuel's future at meeting
The University of Michigan Board of Regents did not discuss the future of athletic director Warde Manuel during a Thursday meeting.
Is the stock market a good measure of Trump’s success?
It’s a metric that leaves out small businesses, not to mention many Americans
Oops! Ancient Bronze Age shaman long assumed to be a man was actually a woman, DNA reveals
A DNA analysis of a 4,000-year-old skeleton buried with an elaborate metalworking tool kit near Stonehenge has revealed that the individual, long assumed to be a male shaman, was actually a woman.
Asked & Answered at PTTOW! Entertainment: The $3 Trillion Question Driving the Future of Entertainment
LOS ANGELES, July 16, 2026 (GLOBE NEWSWIRE) -- The entertainment business has always run on separation. On February 25, 2026, PTTOW! pulled that...
'This was one of the most arduous expeditions I've ever done': Scientists confirm that 15-mile-wide pit found on Google Maps is ancient meteor crater
Joël Lapointe was using Google Maps to plan a camping trail through Quebec's Côte-Nord region when he stumbled across a large indentation. Now, scientists have confirmed that the pit was indeed a meteor impact crater that dates back roughly 390 million years.
As fires burn, Boundary Waters businesses confront lost peak season
After days spent evacuating campers from the Boundary Waters as wildfires spread, outfitters and tourism businesses are beginning to consider the financial fallout. With the wilderness closed during the height of the summer season, many are facing mounting cancellations and an uncertain future.
iPhone 18 Pro leaks point to a bigger, better and heavier smartphone from Apple
From camera breakthroughs to a new design, here's everything we know.
Poll: Costs Are the Top Health Care Issue for Voters in the Midterms, But Fraud Tops Republicans' List As Trump Administration Pushes Crackdown
Health care costs top the list of voters’ health care priorities for the midterm elections, though more than half of Republican voters say it is extremely important for candidates to discuss the issue of fraud in government health programs, according to a new KFF Health Tracking Poll. Most voters say there is at least “some” fraud in government health programs, but larger shares of voters see fraud in the tax system, defense, and foreign aid than in federal health programs. The smallest share of voters sees fraud in the ACA marketplaces.
OnePlus officially gives up on the US and Europe
Existing OnePlus devices will transition to Oppo’s ColorOS for future software updates.
Couple making $120,000 with laundromat side hustle as passive business trend booms
The couple hopes the unexpected booming business will create more flexibility and freedom in the future.
Science for the final mile: Researchers gather to shape the future of polio eradication
For more than half a century, scientific discovery has helped protect millions of children from one of the world's most feared diseases. Today, as the world
ZeniMax Online Studios leadership to exit as part of Xbox cuts
There are major changes happening atop Maryland-based ZeniMax Online Studios, developer of the Elder Scrolls Online, Game File has learned. Joe Burba, a 14-year veteran of the studio who was appointed to run it last July, is departing, along with ESO executive producer Susan Kath, studio game director Rich Lambert and production director Ala Diaz. Their roles were listed among hundreds of others cut last week from the Maryland offices of ZeniMax, in a WARN letter sent to the state by ZeniMax and obtained today by Game File. Tonight, BUrbam Kath, Lambert and Diaz notified Zenimax Online Studios workers of plans to “transition” to a new leadership team consisting of promoted ZOS veterans. That transition will occur “over the next few months,” they told workers, according to a copy of the notice reviewed by Game File. “We will remain in place during the transition period to help ensure a smooth handoff.” Last week, Microsoft laid off of 1,600 workers across its vast gaming teams in locations around the U.S. and abroad. Just who has been impacted and how hard various studios have been hit has been emerging day by day. Game File reported last week that Microsoft/ZeniMax notified officials in Maryland that 379 gaming jobs were being cut across the state. They tallied cuts in two locations: one for ZeniMax Media Inc. (covering Elder Scrolls/Starfield/Fallout-maker Bethesda Game Studios and central Bethesda game publishing) and one for ZeniMax Online Studios (Elder Scrolls Online). More than 200 jobs were cut at the latter. Last week’s totals did not reveal job titles, nor did Microsoft announce any leadership changes in the ZeniMax group. That has now happened. Earlier today, Game File obtained from Maryland officials a breakdown of the 379 impacted roles, which, extraordinarily, included “studio head.” Microsoft later confirmed to Game File which studio head that referred to: ZeniMax Online Studios’. Microsoft has since has notified studio employees and internally announced new leadership. ZOS will now be run by Josh Henderson, previously head of business operations at the studio, and Nick Giacomini, who was promoted to game director for ESO last August. Game File is a reader-supported publication. To receive new posts and support my journalism, please consider becoming a free or paid subscriber. Subscribe Last week’s news of 200+ cuts at ZeniMax Online Studios generated public sympathy for those workers and questions about the long-term viability of the Elder Scrolls Online. ESO is a massively multiplayer online game that inherently persists on the strength of new content being developed for it. Earlier today, fans and workers in Maryland protested the cuts at the ZeniMax teams in a rally organized by the Communication Workers of America, the union that represents many of the impacted employees. Regarding concerns around the game, a community manager stated on Saturday: “The plan is still to deliver great content, and we will hopefully have an update soon.” In their note to the studio today, the outgoing leaders of ZeniMax Online Studios predicted “growth” for the game: We have tremendous confidence in Josh and Nick, the future of this studio, and the continued growth of ESO. With exciting experiences still ahead for our players as we wrap up work for Update 51 and beyond, we believe that your passion, creativity, and commitment to each other and the community will continue serving as the heartbeat of ESO. The list of jobs cut in the ZeniMax WARN notice in Maryland includes several very senior roles, including: Studio Head Studio Operations Director Studio Game Director Studio Audio Director Studio Art Manager Vice President and Controller VP, Global Sales & Business Development While some of those job descriptions match the exiting ZOS leadership team, Game File couldn’t verify if all were from that studio. The full list of cut roles shared by Maryland officials also covers workers at Bethesda Game Studios and its central publishing office. The following is an excerpt: The list of 379 eliminated ZeniMax jobs in Maryland also includes: four animators three bilingual CS (community service) leads for Chinese, Italian, and Japanese a creative director for the Elder Scrolls Online Player Life Cycle two food service workers seven producers more than 60 senior QA testers. and many others The WARN notice states that almost all of the 379 workers were notified of their layoff on July 6. In fine print, it states: “Approximately 9 employees were notified of the elimination of their position prior to July 6, 2026.” A 2021 mega-merger scaled back Microsoft announced in 2020 that it intended to buy ZeniMax and its network of game studios in 2020, and closed the $7.5 billion deal in March 2021. The purchase, which preceded Microsoft’s acquisition of Activision Blizzard, added several award-winning studios to Microsoft’s portfolio, including Bethesda (Elder Scrolls, Fallout), Arkane (Dishonored), and id Software (Doom). The studios’ output since then included a 2024 Game of the Year contented from MachineGames in the form of Indiana Jones and the Great Circle along with Starfield from Bethesda and the poorly-received Redfall from Arkane Austin. In recent years, a Microsoft repeatedly in cutback mode closed ZeniMax’s Tango Gameworks (which was reconstituted by Krafton) and closed Arkane Austin. The Xbox cuts last week have hit the ZeniMax group hard, with 158 jobs eliminated in Texas, many of them at id, and 379 from the ZeniMax teams in Maryland. Xbox also said last week that it would be entering a consultation process around Arkane Lyon, a process expected to end in a sale, shutdown or other form of divestment. The Lyon team has been working on a game tied to Marvel’s Blade vampire-hunting super-hero.
The States Try to Topple WarnerMount…Thus Begins the Local Antitrust Era
(Welcome to the “Most Important Story of the Week”, my bi-weekly strategy column analyzing the most important (but often not buzziest) news story of the last two weeks. I’m the Entertainment Strategy Guy, a former streaming executive who now analyzes business strategy in the entertainment industry. Please subscribe.) Well, it looks like it’s time for another strategy column. Can I finally avoid writing about M&A? No, it seems I cannot. Admittedly, I’m a week early with this column, since I usually put it out every other week. But this news couldn’t wait. This will make three “Most Important Stories” in a row with a merger or acquisition as its centerpiece. First, Roku-Fox (an acquisition), then Comcast-NBCUniversal (a divestment!), and now the State AGs and the WGA’s lawsuits against Paramount’s pursuit of Warner Bros. Discovery (antitrust). M&A is usually the “most important” topic any given week, simply because a giant company merging or breaking up (or preventing those outcomes) can have the biggest impact on the streaming board. If you think about these companies as players in a game, changing the number of players is one of the biggest changes you can make. I shouldn’t really complain, either, since this lawsuit is very good news for customers and suppliers (econ speak for talent, workers and indie studios in Hollywood). So let me answer some questions about this potential trial, along with (shudder) making some heavily caveated predictions. I’ll also look at whether Hollywood must consolidate, whether or not the states can win, trouble at X-Box, Netflix’s YouTube binge, and more. Plus, I have five images that visualize this merger and the harm, including three brand new data looks you’ve never seen before. Subscribe Most Important Story of the Week - Can The States and the WGA Stop Hollywood’s Consolidation (Crisis)? If every other newsletter and news outlet is writing about the same story, I try to avoid writing about it as well, but I can’t ignore a story this consequential. The story of the last year was the fate of Warner Bros. Discovery, and this development potentially extends that saga into 2027. As I tried to figure out my angle, I realized, like my last column, I’m again faced with a series of questions. These questions, though, are much more forward-looking. Will the states win? Will the WGA win? If so, what happens to Warner Bros. Discovery? Either way, will this chill the market for future mergers? So you know what that means: predictions. About the future, no less, the hardest thing to predict.1 Just remember: nothing here comes with a guarantee. And the more confident someone is in their predictions, the less you should trust them. This situation is incredibly fluid, nuanced, uncertain and tenuous. So let’s try to explain what may happen. Question: Why File this Lawsuit? I’ll admit, a few months back, I was fairly pessimistic about the fate of this lawsuit. Rumors had started bubbling up that the state Attorneys General (in particular California) wanted to settle with either some minor divestments (usually CNN) or behavioral remedies. And that tracked for me: the states usually settle lawsuits, like the recent John Deere right-to-repair suit. Yet, they plan to fight this. (As they did the LiveNation-Ticketmaster monopolization trial and the Nexstar-Tegna merger.) Honestly, that also makes a ton of sense. Frankly, this move is just good politics for these State AGs. Most are still running for higher and higher office in blue states—some folks have emphasized that only Democratic AGs joined this suit, but given the Ellison/Trump ties, and fears of retribution, that tracks—and a high profile case like this will help them move up the electoral ladder, especially since Paramount and its leadership (the Ellisons, father and heir) have sided with the other side of the political aisle. That makes them unsympathetic to Democratic voters and Hollywood workers in particular. Why did this lawsuit happen? In addition to the very real concerns about industry consolidation, this is why. That said, I don’t think we would have seen this lawsuit for Netflix and Warner Bros., simply because they’re more sympathetic and aligned with Democrats. But those consolidation concerns are real. The “town”—meaning Hollywood and such—really is seeing the damage of mergers on this industry. That’s why the WGA also filed its own lawsuit in defense of workers as well. (Wildcard: What about Europe? Will they try to stop the deal, too? There have been some rumors out of the UK they may try to fight the deal, and UK enforcers just stopped a Getty Images-Shutterstock tie up, so there is precedence. This argument could go either way, though. On one hand, the EU doesn’t need to step in, cause they states are handling it. On the other hand, this could make the EU’s case easier. Just imagine if both sides coordinated. I’ll simply say, “We’ll see!”) Question: Will The State AGs or the WGA Win? Can the state AGs play David to Paramount-Skydance’s Goliath here? That’s really the whole thing, isn’t it? If you know this result, you could make a lot of money. When things are uncertain, it’s tempting to shrug and say, “Eh” meaning it’s a 50/50 proposition. I wouldn’t, though. When in doubt, you should expect that the merging parties succeed. AT&T did successfully buy Warner Bros., after all, and Disney bought Fox without any challenges. Many judges are extremely sympathetic to mergers, and I’d bet the state AGs get a judge who will allow the merger. (Even Obama-appointed judges often allow mergers.) As I understand it, we’ll see two main attacks. First, theatrical films. The AGs are arguing that, when it comes to share of box office and the number of both “wide releases” and blockbuster (or “tentpole”) films, the merging parties will have over 27% market share. Now, the Supreme Court once ruled from on high that any merger that exceeds 30% is presumptively illegal, but that’s guidance, not an ironclad bar. Still, the states will have to argue that this is close to having too much power, and with that power, this will likely further worsen the theater/studio splits in particular. Indeed, as Matthew Stoller pointed out, “just five studios are responsible for 95% of all blockbusters; if this merger goes through, then Paramount and Disney will control 60% of that.” So yes, movie studios will be very concentrated after this merger. Want me to visualize some of that? Well, here’s the share of films that grossed over $200 million at the domestic box office since 2022. (Note: this isn’t all films released in over 3,000 screens, but it is a good look at market power.) First, here are the 43 films by studio: Notice all the blue (Disney), orange (Universal), and purple (Warner Bros)? Yeah, those studios are powerful, and this combines Paramount with one of them. Here’s the look by studio and share of the films that grossed over $200 million: Now, if you look at that and also think, “Huh, should we break up Disney?” I’m with you. I’ve seen some folks poo-poo this idea that this is a real category, but it is! For an upcoming article, I’ve been pulling data on the share of top 100 films at the box office as a share of total box office, and it’s massive. Here’s the chart: (This analysis looks at The-Number’s top 100 films and total domestic box office each year.) To be clear, tentpoles make up 80.7% of the box office each year, so I do think it’s a genuine market. (To be clear, films grossing over $50 million make up 80% of the domestic box office, and films grossing over $100 million make up 64.1%.) I mean, the top 100 films at the box office make up 95% of each year’s grosses. Worse, the combined studios will likely cut output to flex that market power. Everyone can just look at what happened to Disney and Fox to see the precedent. (With fewer films, the remaining theaters have to give more for those few films that remain.) Here’s an image I’ve used a lot, the share of wide-release films from Disney and Fox over time: The AGs will also argue that this consolidation will also impact the cable industry. In this case, the consolidation is actually worse, but that environment is…complicated. Paramount will argue that the cable industry is shrinking. That said, predictions that cable will “go to zero” also don’t look very well supported by the data, as the declines are shrinking, meaning “cable” or “vMVPDs” will likely stabilize at some point. Can the state Attorneys General win on those two main arguments? I honestly don’t know. Again, I’d bet no, since history in general supports that, but it depends on the judge/jury and how they interpret the arguments. Notably, Paramount won’t face accusations about monopoly power in other areas, like streaming, news, sports rights, or vertical integration. I tend to disagree with leaving out sports rights, but I also see the appeal for a simpler case. The states also aren’t really pushing novel theories about labor harm either, which should help. (By the way, Sean McNulty at The Ankler wrote a great run through of potential options, and Capitol Forum also wrote a great paper on theatrical consolidation. Both these pieces predated the lawsuit. Matthew Stoller is also out with his analysis of the pros and cons of the case too.) In some ways, the WGA’s case is even stronger. Quoting Sean McNulty’s summary: “The WGA is citing WARNAMOUNT as crossing a 30% market share in multiple sectors, a number that the Supreme Court has precedent for deeming “presumptively anticompetitive” in a market. According to the WGA numbers, WARNAMOUNT would have represented: - 35% of film writing jobs between 2021 and 2024 - 36% of TV writing projects between 2022 and 2025 - 38% of overall deals between 2021 and 2024” Notably, antitrust enforcers did win recently in the Penguin-Simon & Schuster merger by focusing on labor impact, so don’t count this thinking out. (Wildcard: Will the states try to get a jury trial? Most likely no, they’ll let a judge handle it. If I’m them, though, I’d try to put this in front of a jury. Juries tend to understand monopoly power in a more realistic way than judges faced with legions of economists.) Question: What if They Win? What if They Lose?
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