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NVIDIA's $1 Billion Plan Aims To Supercharge America's AI Science Race
Over the next five years, NVIDIA will invest $1B in US scientific research, embedding its hardware and software across top national laboratories.
50 years ago, my colleagues and I pursued basic research science that became revolutionary
“Basic studies led to clinical and translational advances that no one could have predicted,” Robert Gallo writes of his work with interleukin-2.
Is Academy Sports and Outdoors (ASO) Still Cheap On Earnings?
Academy Sports and Outdoors has delivered solid gains for long term shareholders, which puts a spotlight on whether the current share price at US$52.76 is still well supported by its earnings power. With that kind of track record in the rear-view mirror, the key issue now is what those profits are worth today. A 33.9% return over the past 5 years means long term holders have been rewarded. Fresh buyers need to ask whether the present valuation still lines up with the earnings that underpin...
Sweden’s startups will raise $5 billion in 2026. Our secret sauce is 150 years old
The precedents run so far back that we even have a Swedish word for inventor-founded firms of the late 19th century: snilleföretag or "genius companies."
Anthony Vaccarello Exits Saint Laurent After a Decade
The designer leaned into the glamour and sex appeal of the storied Parisian fashion house. Sales nearly tripled during his tenure before sliding in recent years.
Video. 'Modern-day Thomas Edison': Trump awards Musk top US science medal
Video. Despite the president's glowing words at the award ceremony, Trump and Musk have navigated a rather volatile relationship in recent years.
'Modern-day Thomas Edison': Trump awards Elon Musk top US science medal
Despite the president's glowing words at the award ceremony, Trump and Musk have navigated a rather volatile relationship in recent years.
'Modern-day Thomas Edison': Trump awards Musk top US science medal
Despite the president's glowing words at the award ceremony, Trump and Musk have navigated a rather volatile relationship in recent years.
Inside the deadlock at the world's top climate science body
The decision was expected to take minutes. But after nearly three years of debate, members of the world’s leading authority on climate change still can’t agree on a timeline to publish its next review of the latest science on the warming planet.
Inside the Deadlock at the World's Top Climate Science Body
By Kate Abnett and Sudarshan Varadhan BRUSSELS/SINGAPORE, Oct 9 (Reuters) - The decision was expected to take minutes. But after nearly three years of debate, members of the world’s leading authority on climate change still can’t agree on a timeline to publish its next review of the latest science ...
Rahm Emanuel returns to Chicago, talks mentorship, Bears stadium and political future
Former Chicago Mayor Rahm Emanuel returns to the city he led for eight years, touting his work to expand mentorship programs for local kids.
Rahm Emanuel returns to Chicago, talks mentorship, Bears stadium and political future
Former Chicago Mayor Rahm Emanuel returns to the city he led for eight years, touting his work to expand mentorship programs for local kids.
Starbucks describes talk of possible Chipotle takeover as ‘rumors’
Starbucks CEO Brian Niccol, who took over the company in September 2024, previously served as the head of Chipotle for six years.
WVU Health System welcomes five new hospitals
Five Pennsylvania hospitals joined the WVU Health System on October 1. The system has committed $800 million over five years to modernize the hospitals and expand care.
New Yorkers live 4 years longer than the average American
Apparently, this city has longevity going for it
Punta Gorda business owner reflects on Hurricane Milton’s devastation two years later
Hurricane Milton brought severe flooding to downtown Punta Gorda two years ago, with storm surge waters rising up to three feet and causing significant damage to local businesses.
Trump bucks and the politics of mailing checks
The checks started going out last week, nearly one million of them, and mostly to battleground states. With a return address for the U.S. Treasury and a letter enclosed signed by President Donald Trump, these one-time checks for $500 were ostensibly government rebates for Obamacare enrollees who overpaid. In the accompanying letter, however, Trump attacks his predecessor and talks about his record in office on an important issue he’s not polling well on, which makes it seem more like the most expensive political mailer in U.S. history. The average piece of direct mail costs between 30 cents and $3, according to Mail Processing Associates, a print, mail, and fulfillment company. At $500 a pop plus roughly 50 cents each to issue the paper check, the cost of Trump’s healthcare mailer sent to more than 950,000 enrollees comes in at more than $475 million. Trump’s midterm healthcare message “For years, the Biden Administration overcharged you to fund the operation of HealthCare dot gov,” Trump wrote in the letter. “That money belongs to hard-working Americans, not the Government, and now, I am returning it to you!” In the letter, Trump makes false and misleading claims about his administration’s record on healthcare costs, an issue Democrats have a 20 point advantage on over Republicans, according to a recent poll from KFF, a nonpartisan health policy think tank. Trump touts his administration’s TrumpRX program, which he claims is “delivering massive discounts.” However, new research from KFF found that of a selection of drugs available on the TrumpRX platform, just five were the lowest price, while 13 were the highest price. Trump also falsely claims in the letter that he’s fighting to lower healthcare costs. In reality, average monthly premium payment costs for enrollees rose 58% under Trump while marketplace sign-ups declined 5%, per KFF. Under Trump’s One Big Beautiful Bill Act, it’s estimated 10 million more Americans will be uninsured by 2034. You get a check and you get a check and you get a check Trump’s long promised cash outs to his fans, from his days as a casino operator and gameshow host to his presidency. During the early days of the COVID-19 pandemic in 2020, the first Trump administration made the unprecedented move to put Trump’s name on checks that went out under the CARES Act (notably the $500 refund checks this time around don’t feature Trump’s name). Ever since, Trump’s been chasing that high. In his second term, Trump’s promised more stimulus that never arrived, like refund checks from DOGE cuts and tariffs, while he said at his party’s convention last month that he’d give out $5,000 checks to everyone if Republicans win in November. In reality, DOGE overstated its cost cutting and Trump’s government actually now spends more than former President Joe Biden’s, while Trump’s tariffs actually grew the trade deficit. His proposal for $5,000 checks would add about $1.2 trillion to the national debt. The problem is there’s no money to give. These $500 checks — plus $90 Medicare rebate checks also going out as well as $250 deposited this week in some Trump Accounts for kids courtesy Dell Technologies CEO Michael Dell and his wife Susan — represent the closest Trump’s going to get to making good on his promise to deliver cash fast. And the checks seem especially targeted. Though the $500 checks went out to enrollees in one of 30 states that use the federal HealthCare dot gov marketplace, a Reuters review found 71% of the payments, or $339 million, went to enrollees in 13 states that have the most competitive elections for governor and U.S. Senate. Most Americans don’t buy it Could Trump bucks sway the election? An Economist-YouGov poll found 57% of U.S. adults doubt Trump will deliver on his promise for $5,000 checks, compared to 21% who do. “I’m waiting on my DOGE check and I’m still waiting on my tariff check,” one 2024 Trump voter who’s since turned on him told a recent focus group. “It felt like kind of trying to buy people’s votes, which honestly felt like in elementary when the class president was like, hey we’re going to take you to the water park if you vote for me. It’s like, I don’t think it works like that.” But for voters in swing states who got a check, it could still matter. One survey published in 2022 found receiving a physically personalized check in the mail during the pandemic was associated with a much greater self-reported likelihood of voting for Trump in 2020, and those gains mainly came from out partisans. The issue for Trump comes if these checks are mostly going to Obamacare enrollees whose premiums have gone up by more than just $500 since he took office and who view the money as something like a bribe before the election rather than an actual long-term solution to lowering household costs. Spending $500.50 per mailer would be absurd as a normal campaign expenditure, but since Trump’s checks and letter are a government rebate, his campaign and super PAC didn’t have to spend a dime and he got out his message regardless. If enough voters in key states are swayed by the one-time payment, it could prove to be the best $0 the Trump campaign spent. Subscribe [ ](https://www.yellopolitics.com/p/why-independent-candidates-are-making) [ Why independent candidates are making independence central to their brand ](https://www.yellopolitics.com/p/why-independent-candidates-are-making) Hunter Schwarz · Oct 6 [ Read full story ](https://www.yellopolitics.com/p/why-independent-candidates-are-making) [ ](https://www.yellopolitics.com/p/these-designers-and-grocery-nerds) [ These designers and grocery nerds will brand Mamdani’s NYC grocery stores ](https://www.yellopolitics.com/p/these-designers-and-grocery-nerds) Hunter Schwarz · Oct 2 [ Read full story ](https://www.yellopolitics.com/p/these-designers-and-grocery-nerds) Trump wants to turn his first-ever golf course into a government course for presidents
LMH Health Cancer Center reaccredited for excellence in breast care
The LMH Health Cancer Center has once again earned accreditation from the National Accreditation Program for Breast Centers (NAPBC), a quality program administered by the American College of Surgeons. The recognition follows a rigorous review process conducted every three years and confirms that LMH Health meets national standards for breast cancer care, patient support, quality […]
Beauregard Health System completes emergency department expansion
Beauregard Health System has completed its first major emergency department upgrade in about 30 years, adding exam rooms and a CT scanner to meet rising patient demand.
House Dems reach big in N.C. Are the seats winnable?
The campaign arm of House Democrats, known as the DCCC, has its eyes on some congressional districts in North Carolina that Republicans won by double digits two years ago.
Guest Opinion: Tanya Murren: A Business Owner Invested in Madras—and My Friend
I’ve enjoyed getting to know Tanya Murren and have come to appreciate the energy, creativity and enthusiasm she brings to everything she does. With 38 years of experience building and […]
Cost Concerns Dominate as Public’s Economic Ratings Turn More Negative
The costs of many household essentials are a top economic concern for most Americans – much as they were four years ago on the eve of the last midterm election.
Steve Homer, AEG President of UK Touring, Leaving For New Business Venture
Steve Homer, AEG's President UK Touring, is leaving after 10 years of helping lead the promoter's UK business, Pollstar has learned.
A Cult Indie Hit From 17 Years Ago Just Announced A Surprise Sequel
Amanita Design has announced Machinarium 2, a follow-up to the adorable 2009 robot adventure
How the bad science of AI doomerism is good for big business
When Jacob Coxon resigned earlier this month from Anthropic, citing dramatic concerns about AI racing humans toward extinction, it capped several years of public defections by employees warning that the AI companies are moving too fast and taking extraordinary risks.
The Public Health Cost of FDA’s Tobacco Review Delays
When avoidable delays in reviewing cigarette alternatives prolong smoking, they cost lives. Quitting reduces the risk of premature death, while continuing to smoke sustains exposure to the hazards responsible for smoking-related disease. Because cigarette smoking and secondhand smoke cause more than 480,000 deaths annually in the United States, the years-long delay documented in a September...
Tim Cook Explains Why He Stepped Down as Apple CEO Before iPhone Duo Launch
The Independent's David Phelan on Wednesday interviewed Apple's executive chairman Tim Cook at Apple's U.K. headquarters in the Battersea Power Station, and one of the topics they discussed was John Ternus taking over as Apple's CEO. Ternus, who was previously Apple's hardware engineering chief, succeeded Cook as Apple's CEO on September 1. Cook said the transition "started years ago". "It's been an interesting transition," said Cook.
Anthropic Commits $150M To AI Science Mission
Anthropic is committing $150 million over three years to the federal government’s Genesis Mission, expanding access to its Claude AI models.
A new study finds increasing rates of heart failure in young Americans
Death by heart failure is becoming more common in Americans under 65 years old, according to a recent study from the Heart Failure Society of America.
Highest Mortgage Rates in 3 Years Chills the Housing Market
The average 30-year fixed-rate mortgage rose to 7.4 percent, putting more pressure on Americans struggling to afford to buy a home.
Zankov Appoints Jack Tobin Chief Executive Officer and Business Partner, Paving the Way for Continued Global Expansion
Tobin continues to run his own luxury brand development and sales consulting agency, Jack Tobin Agency, which has worked with Zankov for the past two years developing the business.
Nvidia Commits $1B To US Science As CEO Jensen Huang Backs Trump’s Genesis Mission
Nvidia commitment will be dispersed over five years with the aim of advancing U.S. scientific research and computing capabilities.
Eagles’ Pass Rusher Emerges as Potential Trade Candidate Before Deadline
The Philadelphia Eagles and general manager Howie Roseman have never shied away from being active in NFL trade discussions. Over the years, Roseman has had one of the more aggressive mindsets in the trade market. With the 2026 NFL trade deadline coming up after Week 9, it would not be surprising to hear the Eagles […] The post Eagles’ Pass Rusher Emerges as Potential Trade Candidate Before Deadline appeared first on Gridiron Heroics.
NVIDIA Commits $1B to Advance US Science Over the Next 5 Years
Commitments Will Strengthen Fields Critical for US Leadership Including Quantum Computing, Healthcare and Energy Security SANTA CLARA, Calif., Oct. 8, 2026 — NVIDIA today announced commitments valued at $1 billion to build out the United States’ capacity for artificial intelligence research and development in fields critical for U.S. leadership, including quantum computing, healthcare and energy […]
How old is Earth really? Science and religion offer very different answers
Ask how old Earth is and you will encounter two very different answers. Modern geology places Earth’s formation at roughly 4.54 billion years ago, while some Christians who interpret the creation acco...
Nvidia commits $1 billion to US science over five years
“Putting advanced Super Intelligence in the hands of America’s scientists,” says Jensen Huang as Nvidia commits $1 billion.
NVIDIA Announces Five-Year Commitment to U.S. Science Research
NVIDIA on October 8, 2026, announced commitments valued at $1 billion to build out U.S. capacity for super intelligence research and development over the next five years, in fields the company described as critical for U...
Titans Fire Three Business Execs Amid Another Ugly Start
The moves are just the latest high-level exits and shifts in recent years.
Titans Fire Three Business Execs Amid Another Ugly Start
The moves are just the latest high-level exits and shifts in recent years.
NVIDIA Announces $1 Billion Commitment to Advance U.S. Science, Quantum Computing and Super Intelligence Research
NVIDIA commits $1 billion to enhance U.S. scientific research and leadership in super intelligence and quantum computing over five years.Quiver AI SummaryNVIDIA has announced a $1 billion commitment over the next five years to advance super intelligence research and development in the U.S., focusing on key areas like quantum computing, healthcare, and energy security. This announcement was made during the Science: A New Golden Age event in Washin
Rochester native named new leader of Jordan Health
Jordan Health named Rochester native Natasha Jackson as president and CEO, bringing over 20 years of healthcare leadership experience.
More older vessels on seas raise underwriting risks
Declining ship demolition rates have pushed the average age of merchant ships on their final voyages to 22 years, increasing pressure on underwriters, according to Ilias P. Tsakiris…
How a DSA chapter in Austin is building political power
When the socialists filed into the pews of a church sanctuary in Texas, there were far more than would have attended just two years ago.
William Shatner reflects on 60 years of ‘Star Trek’: ‘A phenomenon that can’t be repeated’
To celebrate 60 years of ‘Star Trek,’ William Shatner discusses the origins of the iconic franchise and his unforgettable run as Captain Kirk.
Business interruption claims soar: Allianz report
Business interruption claims severity is rising sharply, with average claim values rising by more than 30% annually over the past two years, according to a report issued Thursday by Allianz Commercial.
Sandwiches to socialism: How a DSA chapter in Austin is building political power
AUSTIN, Texas (AP) — When the socialists filed into the pews of a church sanctuary in Texas, there were far more than would have attended just two years ago.
Sandwiches to socialism: How a DSA chapter in Austin is building political power
The Democratic Socialists of America has seen its membership more than double to 126,000 over the past two years.
Dodgers NLDS notes: Yoshinobu Yamamoto, Dave Roberts
The Dodgers beat the Braves in four games to win the National League Division Series, and have advanced to their eighth National League Championship Series in the last 11 years with Dave Roberts at the helm. But before we dig into the celebration and aftermath from Game 4, here are a few leftover notes from […]
Whoops! Scientists Might Have Had the Origin of Animals All Wrong.
Molecular clocks push the dawn of animal life back to a frozen world 800 million years ago.
Rice Business Wisdom marks 10 years of bringing faculty research to wider audience
The anniversary issue examines a technology reshaping how people work, learn and make decisions. Featured stories explore how AI and machine learning influence household financial decisions, what drives data center location decisions across the United States and whether generative AI can help organizations sustain creativity over time.
Open science is compatible with research security, says Canada’s chief science advisor
Open science is “not incompatible” with research security and science leaders and policymakers should “demystify” the false dichotomy between the two, according to Mona Nemer, Canada’s chief science advisor. More than a decade ago, EU policymakers were promoting open science, open innovation and open collaboration across the world. It was a political movement that aimed to make scientific research, data, software, publications and methodologies transparent, accessible and reusable for everyone.But that rhetoric has changed over the past few years. After Russia invaded Ukraine in 2022 and Donald Trump came back to power in 2025, international partnerships have become more pragmatic. Countries are trying to implement protectionist policies and governments are increasingly worried about technology espionage. According to Nemer, science can remain open if the sector can come up with improved security protocols that would protect research data from undue manipulation by foreign actors. “If anybody can fiddle with the with the data, then [open science] is actually quite dangerous and quite useless,” she told Science|Business. Universities and research institutions are increasingly vulnerable to attempted espionage and other types of foreign interference. In September, the UK’s domestic counter-intelligence service MI5 issued a security warning against collaborations with the China General Technology Research Institute. And earlier this year, Germany’s Helmholtz Center for Information Security was criticised by federal research minister Dorothee Bär, who told a parliamentary hearing that “existing rules and systems” at the institute “were not suitable” for preventing leaks to China. According to Nemer, universities and research institutions should perhaps follow the example of the private sector, as companies have been able to safeguard their research while still publishing results. “I think that there is a level of research security hygiene that researchers and institutions need to just adopt,” she said. “You don't have to tell Sanofi or IBM how to safeguard their research, which they end up publishing anyway.”While certain areas of research will not be open for collaboration with certain partners, in other areas cooperation is necessary even with researchers based in adversarial countries. “I stress this because politics change,” she said. “Science and politics don't make for good fellows, and whether we like it or not, politics will influence certain things.”Researchers will play an important role in “protecting the integrity of science,” said Nemer. “I think that it's time that there's a commitment to a certain scientific compact, so that citizens don't think that science is actually an open door for espionage and for anti-nationalism.”New partnershipsNemer spoke with Science|Business on the margins of the Hamburg Science Summit on September 17, the day when Canadian Prime Minister Mark Carney called for increased cooperation with the EU, including in science and technology. Canada is looking to strengthen ties with partners in other corners of the world, after the Trump administration threatened to put tariffs on Canadian goods and services and even openly suggested Canada could become the 51st state. In parallel, the US government has indicated it wants to retreat from international science projects, including US collaboration with Europe’s CERN particle accelerator and other big science labs.Related articlesThe stats we need to better understand R&DCanada looks to deepen research and education links with the EUCan researchers trust that AI models won’t leak their ideas?Nemer said the US is still a science “powerhouse,” but Canada and Europe will have to work closely together on global challenges. “It’s important for both [sides], but I think it's also important for the rest of the world, because the cut in funding for development, in health, in regions like Africa and other places, have dramatic effects.” The Trump administration is also planning a review of the Nelson memo, a Biden-era document that mandated that results of federally funded research would be openly available. With that idea being called into question, Nemer said it could be “very disruptive” to scientific collaborations and could jeopardise research on climate change, the Arctic and global health. “When your collaborator suddenly tells you I'm not going to share the data with you as a researcher, if this happens, I think it's very worrisome,” she said. “I'm certainly hoping that a lot of the Canadian institutions, funders, researchers, have started looking at joining forces on databases and using more European research infrastructures,” Nemer added.
Bears-Packers Rivalry Explodes as Both Sides Trade Shots
Ben Johnson wanted to revive Bears-Packers. Mission accomplished. For years, the NFL’s oldest rivalry had been defined largely by Green […]
CVS Health (CVS) Stock May Trade Below Fair Value On Integrated Care Push
CVS Health has delivered a 37.5% share price gain over the past three years, which puts fresh attention on a simple question. Is the current US$87.95 price tag adequately explained by the earnings power investors are paying for today? The 37.5% return over three years means anyone buying now needs to judge whether that past performance has already reflected what the business is earning. Recent developments, from extended distribution agreements with Cardinal Health and McKesson to regulatory...
Warner pitches health care expansion as he preps for swan song
Democratic Sen. Mark Warner of Virginia is leaning into a major expansion of U.S. health insurance coverage as he prepares for what’s likely to be his final term in office, in contrast to his earlier years on Capitol Hill marked by a more centrist approach to health care. With health coverage for airport workers being […]
Television Q&A: When will 'The Rookie' be back on patrol?
You have questions. I have some answers. Q: Is “The Rookie” coming back? I think it's been on TV for four or five years, and I can’t find anything about
Sonics artifacts going on display at MOHAI for NBA’s possible return
SEATTLE — When the SuperSonics left nearly 20 years ago, the artifacts that remained behind in Seattle from 41 years of history were entrusted to the Museum of History &
Cybersecurity firm, also North Augusta Small Business of the Year, marks 25 years in the CSRA
Founder Russell Wyatt started PC Techware in 2001, fixing home computers across Augusta. Today, the company serves businesses throughout the CSRA as an all-commercial cybersecurity and IT provider.
F1: Teams to discuss potential budget cap changes
In wake of James Vowles' recent criticisms of the budget cap, Formula 1 is set to evaluate changes to the spending limit at the next F1 Commission meeting. As it stands, all teams are required to spend within a maximum limit of $215 million. The budget cap was introduced several years ago to prevent top …
Waynesboro museum exhibit celebrates 100 years of Wayne Theatre
A new exhibit at the Waynesboro Heritage Museum explores 100 years of the Wayne Theatre and its impact on the community.
Kilgore Tec expands its distribution, workforce
Kilgore Tec Products Inc. is expanding its distribution territory and plans to grow its Spokane Valley workforce by about 40% as the building-envelope contractor targets 100% sales growth over the next five years.
Catching up with: Vestis Manufacturing Inc.
Thirteen years ago, Vestis Manufacturing Inc. was a five-person operation producing and installing fabric awnings for homes and businesses within 100 miles of Spokane. Today, Vestis focuses on manufacturing aluminum canopies, louvered sunshades, and bolt-on balconies for commercial clients…
North East Ambulance Service predicts mental health spike
North East Ambulance Service says mental health care needs will rise over the next few years.
Beloved Belleville gardening business to close after 21 years
After more than two decades helping customers make their yards more beautiful, Sandy’s Back Porch Gardens in Belleville is set to close its doors early next month. “I keep telling people that there are mountains to climb, hills to roam and rivers to raft, and I want to do all those things,” owner Sandy Richter said.
Arcadia marks five years as local entertainment option in Burley
Arcadia has been a destination for nostalgia in Burley for the past five years.
Gas, health care, utilities: high costs squeeze US midterm voters
Former US steelworker Denise Barber retired three years ago, but steep gasoline prices and family healthcare needs are making the Ohio resident consider returning to part-time work to make ends meet."...
Ben Johnson Makes Honest Admission on Packers QB Jordan Love
One of the biggest debates going on between Chicago Bears fans and Green Bay Packers fans is who has the better franchise quarterback. After years of the Packers having the edge, former No. 1 overall pick Caleb Williams has finally given Chicago something to brag about. However, Bears head coach Ben Johnson made it clear […] The post Ben Johnson Makes Honest Admission on Packers QB Jordan Love appeared first on HEAVY.
Arkansas political leaders host remembrance ceremony to honor victims of October 7th, 2023 attack in Israel
Three years ago today, Israel experienced the deadliest terrorist attack in the nation's history, when Hamas and allied militant groups launched an attack and invasion that killed approximately 1,200 Israeli's, and resulted in 251 being taken hostage.
Neanderthal woodworking was far more advanced than we thought, new study shows
Nearly 600 wooden remains from Abric Romaní show Neanderthals used wood for spears and shelter structures between 62,000 and 40,000 years ago.
Four Ohio college basketball teams play Outdoor exhibition
CareSource Invitational event University of Dayton head coach Anthony Grant started four years ago after his daughter died by suicide.
‘What happens inside these walls matters’: Hinds Community College leaders mark opening of new Health Sciences Complex
The college broke ground on the project two years ago.
Mia Goth files for divorce from Shia LaBeouf nearly 10 years after the actors married
Mia Goth has filed for divorce from Shia LaBeouf nearly 10 years after they married | WBBM Newsradio 780 AM & 105.9 FM
Who Won August and September: Original Films or Franchises?
(Welcome to the Entertainment Strategy Guy, a newsletter on the entertainment industry and business strategy. I write a weekly Streaming Ratings Report and a bi-weekly strategy column, along with occasional deep dives into other topics, like today’s article. Please subscribe.) I just heard someone say that if you’re reading a pundit or data analyst, and they don’t tell you that they got anything wrong, they’re not a pundit but an “influencer”. I agree with that. You have to tell your audience when you get things wrong, or they won’t (or shouldn’t) trust you as much. Today, we’ve got another edition of “What I Got Right, What I Got Wrong”. In general, I’m patting myself on the back (and patting very hard) about a few things like IP at the box office, LIV golf, horror films, crowdfunding movies, superheroes, and old people going to the theaters. That said, I also made a couple of data mistakes on the streaming bubble popping and HBO’s datecdotes, so I’m not perfect. But first, I need your feedback... Subscribe Follow-Ups: What Should We Call Mid-Budget Movies Which Aren’t Cinematic Enough for Theaters But Are Too Expensive to Make Money on Streaming? After I asked for feedback on what we should call straight-to-streaming films that are too big to pencil out on streaming but not really big enough to resonate in theaters, I got some great suggestions from you all, including... “Moldilocks” from John Aboud “Little Big Indie” from Travis Frick1 “Midflicks” from Jonathan Funke. “Extra-Medium” from Jona Nwuke. (Read the explanation in the footnote.) Between these and Brandon Katz—who suggested “Bermuda Budget Triangle”, “The Platform Gap” and “The Distribution Deadzone”—we’ve got some excellent suggestions. And they’re better than my suggestion, the “Streaming Budget Dead Zone”, so let’s take a poll! The winning entry becomes the new term. Loading... RIGHT: LIV Golf is Fully Bankrupt…Is Anyone Else Next? A few years ago, I was always a bit perplexed at all the articles I’d read praising LIV Golf and their strategy to disrupt the PGA. LIV Golf, a brand new professional golf league, offered PGA stars ten times what they made on the PGA Tour to join their new league. And folks praised this strategy for its initial “success” in that a lot of big names did indeed leave the PGA. Yeah, of course the players came over. LIV Golf paid them so, so, so much more! But LIV Golf hadn’t discovered a way to increase potential revenue. So think about this in basic business terms… They paid much more in costs… …but had no real way to increase revenue. That’s not a strategy! That’s deficit financing. It won’t work unless you bankrupt the competition (and then turn around and pay those same golfers much, much less). It’s not a sustainable strategy and only lasts as long as the company/person/nation backing it decides they’re cool with losing money. For LIV Golf, that meant Middle East oil wealth, in particular Saudi Arabian money. Clearly, the current Iran War has hurt Middle East finances, so they need to trim their more exorbitant spending. And LIV Golf was part of that trimming. This should be a major warning for others. TGL’s parent company, TMRW Sports, just got a $1 billion valuation, despite TGL’s (the indoor golf league) horrible TV viewership of less than half a million viewers per match. Unrivaled, the women’s basketball league, just secured a $650 valuation, despite its horrible TV viewership and a new rival (Project B) entering the scene next year. To relate this to streaming, Hollywood should ask which streamers may have wealthy patrons funding their losses. (Let’s be clear: Google, Amazon and Apple.) Could those patrons lose their appetite? For Amazon, probably not. But Apple has a new boss, so maybe! WRONG: My Analysis of the Streaming Bubble Was Missing a Week I’m going to be congratulating myself a lot today, but I make mistakes too, like this data goof. When I last compiled the data on the decline in TV shows, I was missing one week at the end of June. If you look at the first image, you can see that one week was mislabelled as “July”. Mainly, this image got updated to show a 27% decline, not 29%: This change doesn’t really impact the overall analysis, but it is two percent better. By the way, through the third quarter, the decline increased and it’s now a 30% decrease since 2022. (I’ll write/visualize this in an upcoming article.) But I want you to trust me and my data. Especially these days, when many people are using LLMs that I know are inserting faulty data into their charts, I want to keep earning my audience’s faith. So that’s the accurate data. RIGHT: IP Remains Very, Very Popular In July, I wrote a giant (and I mean giant) article on Backrooms, Obsession, and the box office, going over what we know, what we don’t know about what works in theaters, looking at YouTubers, IP, the horror genre, comic book movies, and a whole lot more. The month of August really tested a lot of my theses and, being honest, mostly supported my arguments. Let’s start with IP. Looking at 8-Aug (the weekend after Spider-Man: Brand New Day came out) to 18-Sep (the weekend that Resident Evil came out, which I think provides a nice bookend to this time period), there were seven films based on pre-existing IP: Resident Evil (2026) ($126 million) Practical Magic 2 ($65 million) _Insidious: Out of the Furthe_r ($65 million) Coyote Vs. Acme ($59 million) Paw Patrol: The Dino Movie ($53 million) Tony ($15 million) Super Troopers 3 ($7 million) Compare those to the notable original films from the past month—I actually could have included more movies, but here are just thirteen, bringing us to an even twenty films—including.... The End of Oak Street ($54 million) Buddy ($26 million) Mutiny ($15 million) By Any Means ($15 million) The Dog Stars ($14 million) Runner ($14 million) One Night Only ($11 million) Hope ($8 million) Spa Weekend ($7 million) The Uprising ($6 million) Teenage Sex and Death at Camp Miasma ($6 million) Onslaught ($3 million) Eli Roth’s Ice Cream Man ($2.8 million) Here’s that in chart form: Five of the top six films in this time period were all based on IP. I made a big chart of films that grossed over $200 million at the box office before Spider-Man: Brand New Day and The Odyssey hit theaters. Let’s update that chart! By the way, if you want to see how I categorized each film—so another bar chart—here it is: I know that many of my fellow critics/pundits/analysts dislike films based on IP and how Hollywood is making so many of them. And I’m sympathetic to this point of view. As I’ve written many, many times before, you need a balance between existing franchises, new IP, and original films. And Hollywood clearly needs to make more films like Resident Evil (a well-made film from a visionary director) and fewer Practical Magic 2’s (which didn’t get critical or customer buzz). But at some point, critics and pundits need to contend with what audiences are telling them: Movie-goers aren’t showing up to original films. Audiences are speaking with their dollars, telling you they want more IP and franchises. You can try to convince studio heads to make fewer IP-based films and franchises, but the data and numbers aren’t there. Instead, critics need to work harder to convince audiences to show up for original films. Aim your ire/concern at the average person, not studio heads.2 Because they’re just making the films that audiences are telling them to make. WRONG: Original Horror Films Didn’t Break Out I’ll be honest, even though I wrote an article casting some skepticism on the horror genre in July, if you asked me to make a prediction, I would have predicted that, in August, a new, original horror film would have blown up. No, seriously, I just assumed that Obsession and Backrooms presaged a change in audience behavior. But none of the buzzy new original horror films from August—Teenage Sex and Death at Camp Miasma, Onslaught (not an action film in spite of the ads), The End of Oak Street, Eli Roth’s Ice Cream Man, or _Buddy—_broke out. To be clear, exactly one of those films (Buddy) had good “ROI”, but again—I try to be specific in my language—none were “popular” in any broad sense of the word. None of them will be “saving” movies theaters like Backrooms or _Obsession_helped save the summer. The new Insidious film and Resident Evil, both based on IP, were far and away the biggest horror films since July. (We’ll see if this changes in October/Halloween season.) RIGHT: Stay Skeptical about Crowdfunding... I’ve long been skeptical about crowd-investing platforms as one of Hollywood’s saviors, mainly because there’s so much hype/buzz. People need to stay more skeptical about more things, explaining both the potential upside but also the downsides. In particular, the media often hypes crowdfunding at the start and never checks in on the actual results after they’ve come in later. And August gave us our first update! _Ice Cream Man—_directed by Eli Roth—grossed $6 million off of a $5.5 million budget. This is a production of The Horror Section, which was one of the first “crowd investing” studios with 2,400 investors, which means that 2,400 investors probably lost money. They certainly aren’t getting as great of returns as if they had just invested their dollars in the stock market. Hopefully Stiletto (Tagline: “Someone’s Going to Make it Rain Blood!”) does better next month. WRONG: Another Data Goof Here’s another data error. When the first episode of House of the Dragon came out, HBO put out that it had 21.5 million viewers in the first three days, and I read that to mean in the US…but no, it was global. So my US-only datecdotes charts shouldn’t have included it. We never got US-only numbers for the first episode, but for the final episode, HBO put out that it had 11 million US viewers. (And that global dropped to 21 million viewers.) Here’s the updated chart (which I’ve since used in the Streaming Ratings Report): Still, this show is absolutely huge. RIGHT: Superhero Films Remain Very, Very Popular After Supergirl flopped, I read a few takes that “comic book movies are going the way of the Western”. Post-Spider-Man: Brand New Day, that take didn’t age well. To be fair, I have a very nuanced take on the superhero genre right now; it’s down right now, for a lot of reasons. But it’s not “dead”. Maybe _Spider-_Man is just a really popular character? I saw that take, and it’s a fair counter-argument. (But pundits arguing that superhero movies were dead should have mentioned this $1.5 billion counter-argument…) But is it just Spider-Man? The next Avengers film already has $50 million in pre-sales (and I was skeptical that that film would do well) and the Avengers: End Game re-release topped the box office two weekends ago (over three original films). And I wouldn’t bet against Batman or Superman. So maybe it’s just Spider-Man, Batman, Superman and the Avengers. Oh, and Deadpool, of course. And Black Panther. And Wolverine. And probably the X-Men. Plus a well-made Wonder Woman or the Hulk film could break out. But that’s it! It’s just those ten characters/teams. Oh, what’s that? Lanterns is also doing well on HBO? (See previous section…) To be fair, I’m actually pretty sympathetic to the argument that more popular characters—like Spider-Man and Batman—anchor more popular films. In fact, I made that exact argument three years ago when I first wrote about the “Marvel-cession”. In many ways, you can blame The Guardians of the Galaxy for fooling Marvel Studios (and the rest of us) into believing that any character could pop. It turns out, the list of iconic characters is probably smaller than most people think. But it’s probably too early to say that superhero films and comic book movies are dead unless “death” means a slight decline over a longtime. RIGHT: Who Killed Theaters? Old People I get frustrated whenever I see headlines or analysis about how young people are “returning” to theaters. As I’ve detailed(for years), young people have always powered the US box office, despite narratives about “kids these days” and their “phones”. Really, what’s changed post-2020/pandemic is that old people aren’t going to the movies nearly as much. This summer, I saw a movie (from an older director) in a theater near a retirement community, and multiple older people at the theater were talking about how this was their first time seeing a movie in years. I dislike personal anecdotes, so YouGov can fill in the data, best summarized by this headline: “Who killed movie theaters? Not the youths”. According to them, 64% of people aged 18-29 have seen a movie in the last year, but only 30% of 65-and-older. 20% of 18-29 have seen a movie in theaters in the last week and 42% in the last month. Here’s the polling data: Most concerning? Many Americans (17%) think theaters are a worse or much worse experience than watching films at home. Slight WRONG: Hadestown Opens Big A live theater capture of the Broadway musical, Hadestown, made $20 million at the US box office, which begs the question: was I wrong to be skeptical about musicals a few years ago? Yes and no. On the one hand, $20 million is a far cry from being “popular”, so yeah, the genre isn’t that popular overall and Hadestown is one of the more popular musicals from recent years (i.e. the “Taylor Swift Data Fallacy” in action). On the other, I doubt filming this cost all that much, and I don’t think that they spent much on marketing, so this is a good source of ancillary revenue. Smaller Updates WRONG: As I mentioned in a Streaming Ratings Report, I underestimated the budget for Enola Holmes 3. It probably cost more like $50 million, if not more. But... I’m not sure that it really matters? At sub-10 million hours, prices have to come down to make this work. WRONG: Netflix is giving Ink a 27-day in theaters! To quote the kids/YouTubers these days, let’s go! Now I might actually have a chance to see Danny Boyle’s latest in theaters. I’d complained about this in a “Coming Soon” section, but I was heartened to read that Netflix is giving multiple films longer theatrical windows this year. RIGHT: Netflix is sending 4-5 films per year to theaters. Netflix is slowly but surely sending more and more films to theaters, as I cautiously predicted earlier this year. For now, it’s just three big films and a number of awards contenders, but still, this is great news. And they’ll be releasing box office grosses! Just this week, Ted Sarandos confirmed that KPop Demon Hunters 2 will come to theaters (and my guess is it performs in the box office top ten at a minimum). WRONG: Angel has 3 million subscribers! How do I know this? Well, they told Deadline, who reported it. I marked this as “wrong”, since they’ve doubled their subscribers in one year but, you know, they don’t really have a hit film to speak of and they’re still losing money. WRONG: Furious was only renewed for one more season. I accidentally wrote “two more seasons” in my latest “Renewals, Cancellations, Un-Orders and Removals Update”. RIGHT: House of David is ending with its third season. In July, Prime Video renewed House of David for a third season, as I just wrote in my latest “Renewals and Cancellations” report. Well, now it’s ending after that third season. Why? As I’ve been writing, its viewership wasn’t great. I got feedback that this show didn’t cost very much, but it cost enough that its limited viewership didn’t save it. WRONG: Adults was a Hulu original! So I missed Adults when it first came out last year; I saw that it aired on FX and just assumed that it was a linear-first program. Turns out, it aired three episodes on FX, but binge-released the rest of its episodes the next day on Hulu. Huh. So I should have covered it last year! But I just wrote about it. 1 “When I was a kid in the 90s, if you wore a t-shirt to school that wasn’t too big and also wasn’t too small, but somehow didn’t quite fit, we’d say you were wearing an “extra-medium” shirt.” 2 As always, a huge exception is Disney, which barely makes anything original anymore.
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