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Miami billionaire Ken Griffin adds $25 million to a South Florida hospital gift
The institute named for him is set to open in 2029
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.
Main Line Health booked a $134 million increase in medical malpractice reserves in fiscal 2026
The large medical malpractice reserve helped turn what would have been a $75 million operating profit into a $33 million loss for the 12 months that ended June 30, Main Line officials said.
Lions Predicted to Land ‘Physical’ Eagles CB Before Trade Deadline
The Detroit Lions are named as a top landing spot for Philadelphia Eagles cornerback Kelee Ringo on the trade market. The post Lions Predicted to Land ‘Physical’ Eagles CB Before Trade Deadline appeared first on HEAVY.
Trump presents National Medal of Science to billionaire Elon Musk and three other tech leaders
President Trump presented the National Medal of Science to Elon Musk, Sergey Brin, Jensen Huang and Lisa Su, and the technology medal to Michael Dell and Satya Nadella, at a White House science summit.
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."
WA ‘millionaires tax’ debate pits budget needs against fears of taxes for all
Despite some heated exchanges and dire forecasts of budget holes and secret tax plans, neither side in the fight over Washington’s new "millionaires tax" landed a knockout blow Thursday night in a Seattle Times-KING 5 debate on a voter initiative...
49ers Called Top Trade Destination for $205 Million AFC Star
San Francisco 49ers urged to explore trade for elite $205 million AFC edge rusher. The post 49ers Called Top Trade Destination for $205 Million AFC Star appeared first on HEAVY.
Floodwaters Overwhelm Thailand
Heavy rains since mid-September have caused widespread flooding that has affected millions of people across the country.
Lions Trade Buzz Heats Up Around $20M Cornerback
Now that the Detroit Lions have moved on from pursuing Joey Porter Jr., it appears the cornerback most connected to the team is Kristian Fulton of the Kansas City Chiefs. Jeremy Fowler of ESPN poured more fuel on the speculation fire by offering Fulton as a strong option to tie to the Lions before the […] The post Lions Trade Buzz Heats Up Around $20M Cornerback appeared first on HEAVY.
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.
PC Shipments Drop 20.1% in Q3 2026, HP and Dell Hit Hardest
Worldwide PC shipments fell a steep 20.1% year over year in Q3 2026 to 62.7 million units, according to preliminary data from IDC, down from 78.5 million in the same quarter last year. It is the second straight quarterly decline, and a much deeper one than Q2, which IDC now lists as a 3.8% drop....
Health Policy Watch | US finally signs health deal with Zambia, but still pursues minerals agreement
In 2024, 84% of Zambia’s HIV programme was funded by PEPFAR – and 1.3 million Zambians are on antiretroviral medicines.
The Wall Street Veteran Trying to Solve the Pentagon’s Missile Problem
In his first interview on the job, Deputy Secretary of Defense Steve Feinberg, a private-equity billionaire, defended his unusual approach.
Can $1 billion power the GOP to victory in the midterms? Some campaigns fear it's too late
Republicans are entering the final month of the midterm campaign increasingly anxious that the $1 billion at their disposal may not be enough to fend off sweeping losses as the party reckons with President Donald Trump's unpopularity, persistent cost concerns and the fallout from the war in Iran.
Bill Nye the Science Guy experiments with prevalent topics at Beyond the Conversation
Bill Nye, known to generations as “The Science Guy,” took the Beyond the Conversation stage Wednesday as Titans filled TSU Pavilions A, B and C, welcoming the legend himself with
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
Online sports betting petitions in Nebraska get another $7 million from DraftKings and FanDuel
National online sports betting apps continue to see a big opportunity with two Nebraska petitions that would legalize and regulate online sports betting in Nebraska, donating a combined $7 million in a two-month period.
Trump bought over $1 million in SpaceX debt days before unveiling space policy
The purchase, revealed in his latest financial disclosure, involved a firm directly affected by his administration’s actions — and led by presidential ally Elon Musk.
Tech Giants Contribute $2.4 Billion in AI Resources to White House Science Mission
The White House announced Thursday (Oct. 8) that 11 companies have committed a total of $2.4 billion in artificial intelligence, which the administration
Two arrested in alleged $1M fraud investigation tied to Silver Springs business
Two booked in Lyon County investigation involving alleged losses exceeding $1 million
'Freakish' discovery of 9 million-year-old capybara tooth supports idea that Atacama wasn't always a desert
A 9 million-year-old capybara tooth was found in the Atacama Desert, a surprising find given that these rodents love water.
OpenAI's annualized revenue $20 billion less than previously signaled, FT reports
OpenAI's annualized revenue is about $20 billion less than has been previously signaled, the Financial Times reported on Thursday, citing financial documents shared with investors.
David Eccles School of Business announces $10 million Deanship
This transformational gift is a cornerstone of the recently launched Climb to Excellence, a five-year, $37 million fundraising campaign.
SBA Disaster Loans Available for September Flood Damage » CBIA
Business owners can borrow up to $2 million to replace real property, inventory, machinery, equipment, and other physical losses.
U.S. backtracked on critical mineral, data demands in health deal with Zambia
The administration signed a $1.5 billion agreement with Zambia, but only after being forced to abandon controversial data-sharing and resource-access provisions.
Ginkgo Bioworks to Provide Autonomous Lab Access to NSF X-Labs Researchers, Contributing Cloud Lab Time and Protein Testing Services to $1.5 Billion Breakthrough Science Program
Ginkgo Bioworks (NYSE: DNA) today announced that it will provide in-kind access to its autonomous laboratory in Boston to support the National Science Founda...
Retail sales rose nationwide just over 4% in September
The National Retail Federation (NRF) reports total retail sales in September of $560.8 billion, up 0.28% month over month and up 4.05% year over year. The monthly report offers a...
Fact Sheet: Trump Administration Announces the Most Ambitious Set of
At the Science: A New Golden Age Summit, the Trump Administration launched the most ambitious set of science initiatives in decades, representing over $6 billion in investments across the Federal
City council debates higher taxes on big corporations, expanding small business exemptions
The proposal could exempt 18,000 small businesses from city taxes while generating millions in new revenue, but critics warn it could drive companies away.
Aidan Hutchinson Is the NFL’s Best Pass Rusher
Aidan Hutchinson owns a league-leading number that makes the Lions' 2-2 start even harder to explain. #Lions
NU regents to consider increasing Project Health budget by $557M, extending president’s contract
The University of Nebraska Board of Regents will consider extending NU President Jeff Gold’s contract and increasing the $2.19 billion budget for NU’s “Project Health” by 25%.
Fall Sports Update: Women’s Volleyball Swept By Nebraska
Women’s Hockey (2-2) The women’s hockey team got back on track with 5-3 and 4-1 wins over Robert Morris to open conference play. Robert Morris scored two goals in the first minute of Game 1 before the Lions found their legs. Five different Nittany Lions scored the five goals, including freshman Sofia Ismael scoring her […]
England mean business as they seek to avoid a Greek tragedy in World Cup playoff odyssey
England begin their World Cup playoff campaign amid the tranquil surroundings of Heraklion - but this is no holiday for Sarina Wiegman's Lionesses.
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.
Detroit Lions Sign Massive Defensive Lineman Jeffrey M’Ba
The Detroit Lions have signed 6-foot-6 defensive lineman Jeffrey M'Ba to their practice squad. Here's what fans should know.
Federal Policy Changes Could Mean a Loss of Health Insurance for as Many as 3.4 Million Young Adults
Two Urban Institute reports find that recent Medicaid and health insurance policy changes could leave up to 3.4 million young adults uninsured by 2028.…
Joe Rogan renews multimillion-dollar podcast deal with Spotify
Spotify announced that it has renewed its deal with Joe Rogan, who heads the audio company's most popular podcast.
NVIDIA Commits $1 Billion to U.S. Science and Quantum Computing
NVIDIA announces a $1 billion five-year commitment to U.S. scientific research, including quantum computing, energy and healthcare.
The New Golden Age of Science: The Trump Administration's Over $6 Billion Investment in Science
The Trump administration has announced a more than $6 billion investment across the Federal Government, industry, academia, and philanthropy as part of “the most ambitious set of science initiatives in decades.” “Under President Trump’s leadership, we are ushering in a New Golden Age of Science powered by super intelligence, a return to merit, and bold […]
Missouri Jury Awards $10 Million In Marijuana Business Ownership Dispute
“We are here trying to get back the business that they stole from us.” By Rebecca Rivas, Missouri Independent A St. Louis jury awarded $10 million Tuesday to three plaintiffs in a sprawling ownership battle over six Missouri cannabis licenses involving more than 20 businesses and individuals. Over a week of testimony, jurors heard about […]
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...
Tri-county region receives over $2M in mental health service funding
SOUTHEASTERN N.C. — New Hanover, Brunswick and Pender counties will see more mental health funding coming their way after the federal government allotted $17 million to the state.
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.
Department of War Announces $350 Million in Quantum Computing Initiati
The Office of the Undersecretary of War for Research and Engineering announced new initiatives and programmatic updates totaling approximately $350 million to strengthen U.S. leadership in quantum
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...
US, Zambia sign $2.49B health financing pact after removing data and specimen-sharing terms
The U.S. and Zambia have signed a $2.49 billion health financing deal after removing clauses on specimen-sharing and patient data
US, Zambia sign $2.49B health financing pact after removing data and specimen-sharing terms
The U.S. and Zambia have signed a $2.49 billion health financing deal after removing clauses on specimen-sharing and patient data.
US, Zambia sign $2.49B health financing pact after removing data and specimen-sharing terms
The U.S. and Zambia have signed a $2.49 billion health financing deal after removing clauses on specimen-sharing and patient data.
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
European Commission allocates €65 million to protect life science data
The European Commission announced the €65 million funding on 6 October 2026 through Horizon Europe
UFC AND CLEVELAND CLINIC RENEW LONGSTANDING PARTNERSHIP
UFC To Provide $1 Million Contribution To Fund Professional Athletes Brain Health Study Through 2030 WWE Joins Study; Zuffa Boxing Athletes Now Eligible To Participate
A $50 Billion Health Fund and Rural America’s Internet Gaps
Awards from a $50 billion federal rural health fund included in the One Big Beautiful Bill Act from July 2025 are now paying for digital health care records and home monitoring devices. But whether
What We’ve Learned From Penn State’s First Five Games
Penn State's 2026 season isn't off to the start many fans had hoped for. New head coach Matt Campbell had his team at 3-0 after a weak non-conference schedule against Marshall, Temple, and Buffalo, but the Nittany Lions are now 0-2 in Big Ten play. The weaknesses of this Penn State team have been exposed …
Arizona Cardinals Daily Links:
How confident should the Cardinals be in rookie left tackle Jayden Williams against the Lions?
Skydance CEO David Ellison: AI is going to transform every part of the business
CNBC’s David Faber and David Ellison, Skydance Chairman & CEO, and Ynon Kreiz, Skydance co-CEO, join 'Squawk Box' to discuss Paramount's $110 billion acquisition of Warner Bros. Discovery, what to expect from the new combined entity, the decision to bring Ynon Kreiz on board, future of the company's linear, streaming and movie businesses, integration of AI, and more.
Q&A: Special Forces vet talks politics and family
Courtesy | Nick Freitas Nick Freitas is an author, political commentator, and social media influencer with more than 2 million Instagram followers. He served in the Virginia House of Delegates as a Republican from 2016–2026 and, before then, was a sergeant and Green Beret in the U.S. Army Special Forces. Freitas gave a lecture on...
Fidelis Care Earns 4 Stars in NCQA's Medicaid Health Plan Ratings 2026
/PRNewswire/ -- Fidelis Care, a statewide health plan with more than 2 million members in New York State and a Centene Corporation company, announced today its...
One Doctor, Eight Billion Patients: After Stepping Back From The WHO Race, What I Stand For In The AI Society
The core of my policy manifesto, One Doctor, Eight Billion Patients, is a single proposition: Universal Intelligence Coverage (UIC) for health. Universal
Syracuse’s largest hospital-based behavioral health unit starts work on $25 million makeover
The $25 million upgrade will improve care for some of the region’s most vulnerable patients.
Images: Science Square's latest jobs hub arrives on Westside
One of the world’s leading battery makers officially cut the ribbon this week on a $56-million, jobs-producing investment into research and development at the cusp of Georgia Tech.Spread across four stories where English Avenue meets Midtown, Duracell’s Global Innovation Center for Research and Development marks a key addition for Science Square, an 18-acre, mixed-use district expected to produce 500 homes, retail, and nearly 2 million square feet of lab and office space across multiple phases.
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.
2026 Election Preview: Billionaires, AI, and Generational Change
A panel of top political reporters unpack the key races and issues shaping California’s 2026 election.
News | Major South East business park hits market with £63 million price tag
JLL and CBRE mandated on Bourne Business Park ultimatum
7 US multimillionaire donors gave $189 million to universities in 2026, far more than Africa’s 23 billionaires publicly gave to science and research
Africa’s universities and research institutions continue to operate with far less funding than those in developed economies, even as several of the continent’s richest individuals have added billions of dollars to their fortunes in 2026
One Health: The Big Philanthropy Billion-Dollar Blind Spot
Why implementing One Health at all levels of society should be an irresistible proposition for philanthropy.
Sporticast: Can the Premier League Thrive With Fewer Stars?
On the 593rd Sporticast episode, Lev Akabas, Justin Birnbaum and Jacob Feldman fill in for Scott and Eben to discuss a week’s worth of sports business news. Justin recently published Sportico‘s annual list of the world’s highest-paid soccer players, with Cristiano Ronaldo leading the way with roughly $300 million in earnings. Only one of the …
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 …
‘Medicare for All’ Is Back. Now Comes the Hard Part.
At a time when more than 100 million Americans carry medical debt, it’s easy to get behind a promise of free, or free-ish, no-hassle health care. But turning an inspirational slogan into law gets gnarly.
How does one of downtown New Orleans' biggest office space holders see the market?
Lahaksy is at the helm of nearly 1.5 million square feet of downtown office space.
A $3.5M hangar is underway at StanCraft Jet Center
Construction of a new $3.5 million hangar is underway at the StanCraft Jet Center, a full-service fixed base operator at the Coeur d’Alene Airport.
Meta VP: AI in advertising and the rise of single-person billion-dollar company
Businesses must stop using AI to optimize old processes and start reimagining how they compete.
BBC Sport weekly quiz: What was odd about Lionel Messi's Argentina debut?
How much attention have you paid to what has happened in the world of sport over the past seven days?
Gov. Stein and NCDHHS announces $17 million for rural mental health services
North Carolina will invest more than $17 million to expand rural mental health and substance use services in multiple ENC counties, including crisis-response te
Arkansas Children’s Northwest completes major expansion
Arkansas Children’s Northwest in Springdale completed an $82.7 million expansion, adding 15 inpatient beds and 50,000 square feet of new space, and renovating 23,000 square feet. On Wednesday (Oct. 7),...
Baptist Health Breaks Ground on New Home of Kenneth C. Griffin Neuroscience Institute and Announces $75 Million Total Gift to Neuroscience Research and Care - Florida Hospital News and Healthcare Report
Stephen Blumenthal, Board Chair, Baptist Health Foundation ,Alex Villoch, Chief Executive Officer, Baptist Health Foundation ,Michael McDermott, M.D., System Chief Executive of Baptist Health Brain & Spine Care, Chief Medical […]
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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