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Millions of business owners are about to retire. They should sell to their employees
A once-in-a-generation wealth transfer is underway. There's a bipartisan tool to ensure that transition builds broader prosperity.
Welcome to sport’s ultimate taboo where athletes risk it all for millions in Las Vegas
The Enhanced Games promise human advancement and world records but critics fear more worrying effects
Forza Horizon 6 Nears 5 Million Sales, 42% on Xbox
Forza Horizon 6 recently launched on PC and Xbox Series consoles on May 19 to impressive player counts on Steam, and it has largely retained those concurrent player counts, returning to around 280,000 peak concurrent players daily throughout its launch week. It makes sense, then, that sales figures ...
Browns rumor reveals Cleveland's interest in $67 million Dolphins QB
The Cleveland Browns were interested in adding a recently signed Miami Dolphins quarterback to their roster this offseason.
A Colorado startup just raised $30 million on a quiet bet that astronauts won't actually be the ones building the moon's first permanent base — robots will get there first
The first permanent structures on the moon will almost certainly be built by robots, not astronauts. That is the bet Lunar Outpost, a Colorado-based robotics company, just convinced investors to back with a $30 million Series B — funding aimed at delivering a new lunar rover called Pegasus by the end of 2027, with a […]
42 scientists warn Ireland over accounting trick that could add 9 million tons of pollution
"What worries us as scientists is that other countries are now seriously weighing these targets."
Scientists discover giant sea predator Tylosaurus rex that terrorized ancient oceans
A colossal new sea predator named Tylosaurus rex has been identified from fossils found in Texas, revealing a brutal 43-foot-long hunter that ruled ancient oceans 80 million years ago. The discovery not only introduces one of the biggest mosasaurs ever known, but also shakes up long-standing ideas about how these marine reptiles evolved.
4 AI Prompts to Build a One-Person Business in 2026 (No Team, No Funding, No Guessing)
Find the bottleneck that could become your next multimillion-dollar idea.
How $200 million will be doled out to Wyoming health care providers
The federal Rural Health Transformation Program funds come after months of negotiations, which led Wyoming to drop a planned investment fund. Instead, the state will focus on basic care.
St. Paul business owner charged in $4M Minnesota Medicaid fraud scheme
A St. Paul business owner is facing federal charges after prosecutors said she stole millions from Medicaid by fraudulently billing for services, including some which were never provided.
Santa Cruz | Seabright businesses brace for Murray Street Bridge closure
In early June, the Murray Street Bridge will completely close to allow the next phase of construction in a $50 million seismic retrofit project. The eastbound lane is set to reopen in mid-September. The looming closure has business owners…
Trump administration releases $40 million for Colorado water project
The Trump administration on Friday released $40 million, clearing the way for a water district and its partners to finish funding the purchase of some of the state’s most senior Colorado River water rights, Gov. Jared Polis announced. Federal funding for the Shoshone water rights owned by Public Service Company, a division of Xcel Energy, […]
ABC7 Sports Overtime with Dionne Miller: May 22, 2026
On the latest ABC7 Sports Overtime, Dionne Miller discussed the latest with the Cubs and White Sox, Northwestern women's lacrosse making it to the Final Four, and the Bears rookies' progress this offseason.
Frozen Microbes From The Distant Past Threaten To Wake Up, Ready To Infect People, Plants, And Animals
Despite lying idle for millennia, the pathogens can still be infectious.
Ex-Proud Boys leader Enrique Tarrio tells PBS News he believes he's owed tens of millions from DOJ fund
The former leader of the extremist, far-right group that played a major role in the Jan. 6 insurrection says he’s “excited” about the announcement of a $1.776 billion fund for people who believe they are victims of the justice system.
Forza Horizon 6 Races Toward Estimated 5M Sales and $325M in Week One Despite Game Pass Cannibalizing Some Sales
Forza Horizon 6 is reportedly nearing 5 million copies sold and $325 million in gross revenue in its first week on store shelves.
Gov. Mills on backing Pingree: ‘She’s got a solid mind’
Pingree is a former Maine House speaker who served in the Mills administration, leading the Office of Policy Innovation and the Future. She is also the daughter of U.S. Rep. Chellie Pingree. On Tuesday, Mills formally endorsed Hannah Pingree to succeed her in the Blaine House.
Riverhead Board Unswayed By Public Objections to Taking of Science Center Property
The Riverhead Town Board seemed unmoved by hours of comment at a public hearing Wednesday evening on its plan to take the property adjacent to the Town Square owned by the Long Island Science Center through eminent domain. In 2020, the Science Center had proposed to build a new 24,000-square-foot, $13.5 million attraction at the
Families push WA to open a dormant mental health facility
The $42 million campus in Vancouver was supposed to serve 48 patients, but hasn't been able to open.
KC's mental health crisis center gets another year
The city is stepping in with a $1 million contract to keep KC-ATC running as the original Ascension funding winds down.
Aaron Rodgers’ 2026 Steelers Contract Incentives Revealed
Aaron Rodgers could earned $2.5 million in incentives next season, but he has his work cut out for him to hit those benchmarks.
Congress revives stalled housing legislation, though snags remain
A rare show of bipartisanship before midterm elections while the country is short millions of units for people to live
Auditor warns El Paso ISD health insurance fund is $19 million short amid deficit
As the El Paso Independent School District grapples with a $52 million budget deficit, it also has another problem.During the
Iconic UW–Madison Science Hall to get major makeover thanks to $85.2M donation
MADISON (WKOW) — The University of Wisconsin–Madison will renovate its historic Science Hall starting in 2027 thanks to an $85.2 million gift from alumni John and Tashia Morgridge.
Preserving the future of vaccine science in the USA
Nature Microbiology - Vaccines have saved an estimated 154 million lives in 50 years, yet that infrastructure is under threat. We highlight the global impact of vaccine scientists who trained in...
Healthcare CEO apologizes for coverage problems
Two weeks after NBC News reported on coverage issues being had by beneficiaries of TriWest Healthcare Alliance, the company’s CEO has released a letter apologizing to the healthcare administrator’s 4.2 million beneficiaries. NBC News’ Erin McLaughlin reports in our series “The Cost of Denial.”
Springfield High School of Science and Technology unveils $3 million amphitheater
Springfield High School of Science and Technology unveiled a new $3 million amphitheater on Thursday morning.
15 individuals indicted in alleged health-care fraud scheme in Minnesota
The Justice Department on Thursday announced that 15 people were charged in connection to an alleged $90 million healthcare scheme in Minnesota following a joint investigation with the FBI. “The de…
Jacksonville man sentenced to prison after not paying $3.7 million in business taxes
Military healthcare contractor issues apology to 4 million beneficiaries
The apology came two weeks after an NBC News investigation into the benefits program.
Federal case alleges $30 million theft by health payment CEO
Patrick Alan Bucknum, 55, was charged with wire fraud May 7 in federal court in Spokane. Prosecutors say he embezzled money out of his firm to the tune of $24
SBA To Double To $10 Million Maximum Loans For Some Small Businesses
The change, taking effect on July 4th, will benefit businesses that need expensive equipment or real estate.
$85.2 million gift from John and Tashia Morgridge will support Science Hall transformation
The historic building will undergo renovation starting in 2027 to restore its iconic exterior, modernize its interior to support learning and research.
Indian Gen Zers turn online parody account into political movement: the Cockroach Janta Party
Memes mocking corruption, joblessness and political dysfunction have flooded social media, where millions of users are adopting the cockroach.
'Ultimate entertainment destination': Folsom bowling center proposes $6 million expansion with arcade, outdoor entertainment area
Waste Watch: How community colleges spent taxpayer-funded mental health recovery dollars
WLOS News 13 provides local news, weather forecasts, traffic updates, notices of events and items of interest in the community, sports and entertainment programming for Asheville, NC and nearby towns and communities in Western North Carolina and the Upstate of South Carolina, including the counties of Buncombe, Henderson, Rutherford, Haywood, Polk, Transylvania, McDowell, Mitchell, Madison, Yancey, Jackson, Swain, Macon, Graham, Spartanburg, Greenville, Anderson, Union, Pickens, Oconee, Laurens, Greenwood, Abbeville and also Biltmore Forest, Woodfin, Leicester, Black Mountain, Montreat, Arden, Weaverville, Hendersonville, Etowah, Flat Rock, Mills River, Waynesville, Maggie Valley, Canton, Clyde, Franklin, Cullowhee, Sylva, Cherokee, Marion, Old Fort, Forest City, Lake Lure, Bat Cave, Spindale, Spruce Pine, Bakersville, Burnsville, Tryon, Columbus, Marshall, Mars Hill, Brevard, Bryson City, Cashiers, Greer, Landrum, Clemson, Gaffney, and Easley.
Who won 'Survivor 50'? Champion claims $2m prize after Jeff Probst accidentally spoils major reveal.
Five castaways entered the finale with $2 million on the line after a season packed with blindsides, surprise twists and celebrity cameos.
Liberty Science Center Genius Gala raises record $3.2M (photos)
Liberty Science Center raised a record $3.2 million at its Genius Gala in Jersey City to support STEM education and expansion plans.
Seaport Entertainment Seeks New Path With Closure Of Food Hall
Seaport Entertainment's sale of 250 Water Street has eliminated $61.3 million in debt and $7 million of annual cash burn. See why SEG stock is a Hold.
Assassin's Creed Black Flag Resynced Will Feature 8 New Endgame Missions That Pit Edward Kenway Against A Historical Pirate Hunter
Enter Robert Miller.
Mental health support expands following deadly floods in Texas Hill Country
The Community Foundation has allocated $5 million in grants to 15 nonprofits and pledged an additional $10 million over two years to support long-term mental health recovery following the Hill Country flood.
Cockroach Janta Party (CJP): How Abhijeet Dipke's collective became an online sensation
A satirical collective named after the cockroach has got millions of online followers in less than a week.
Dark money group funds Nebraska initiative to limit sports participation to biological sex
Filings with the Nebraska Accountability and Disclosure Commission show that Fairness for Girls raised $3.1 million in just two months from one single donor: A 501(c)(4) nonprofit called Restore the Good Life Inc.
D-Wave Quantum and Department of Commerce Sign Letter of Intent for $100 Million in CHIPS and Science Act Funding to Accelerate U.S. Leadership in Quantum Computing
D-Wave Quantum Inc. (NYSE: QBTS), (“D-Wave” or the “Company”), the only dual-platform quantum computing company providing both annealing and gate-model syste...
Drug-enhanced sports: 'Clown show' or the future?
More than 40 athletes, most using performance-enhancing drugs, will compete in the Enhanced Games in a competition that seeks to upend sporting norms.
Complex animals evolved up to 10 million years earlier than previously thought, fossil discovery shows
Trove of fossils discovered in Canada sheds light on "when life first became large, complex and unmistakenly animal."
RFK Jr. fires leaders of group that sets guidelines for health screenings
The Trump administration has fired the two leaders of an influential health group that determines when insurance must provide free preventive care like mammograms for millions of Americans.
Blue Jays pitcher José Berríos undergoes Tommy John surgery
A two-time All-Star, Berríos has a 7-year, $131 million contract that runs through the 2028 season.
Runoff surprises and shockwaves: What Tuesday’s results may reveal about Georgia’s political mood
According to the Georgia Secretary of State's website, with a nearly 28% turnout of active voters, more than two million people cast a ballot in the May 19 Georgia primary election. A panel of political analysts discussed what the results and voter turnout will mean for the November midterm election.
Essentia Health-Virginia breaks ground on new emergency department
Essentia Health staff, community partners, local leaders and elected officials gathered Wednesday, May 20, to break ground on a new emergency department at Essentia Health-Virginia, marking the start of construction on a $13 million project that will improve the patient experience and strengthen emergency care on the Iron Range.
Silver & Black Gala unites stars, alumni and community to support Nevada mental health initiatives
The Raiders played host to the third annual Silver & Black Gala on Sunday night at Allegiant Stadium, a power-packed event that raised $2.5 million to help benefit mental health initiatives across Nevada.
Who’s Lining Up for a Cut of Trump’s Big New Slush Fund
One ally of the president is already seeking $2.7 million. There will likely be many more.
When Did Crabs Evolve Their Iconic Sideways Scuttle? Scientists Traced It to a 200-Million-Year-Old Common Ancestor
The findings suggest that their famous lateral movement evolved just once. It may have helped the animals rapidly spread and diversify because traveling in two directions meant they could easily escape predators
NIH awards $50 million to UMass Center for Clinical and Translational Science
The UMass Center for Clinical and Translational Science has been awarded a seven-year, $50 million renewal of its Clinical and Translational Sciences Award.
MAPS 4 Mental Health Crisis Center final plans approved
MAPS 4 includes $12.27 million to build the new crisis center and expand access to critical mental health and substance use intervention resources for Oklahoma City residents. The Arnall Family Foundation also contributed $3 million to the project.
Embracer Group announces plans to spin-off Fellowship Entertainment
Structural change announced alongside Q4 results showing a 24% net sales decline and $765.2 million non-cash impairment
I was bought out of the family business for $160,000. My relatives each made $3 million when it sold. Was I cheated?
‘Was I cheated?’
‘Whimsy,’ a New Trend, May Be a Life Raft for Gen-Z and Millennials
To a younger generation, the word describes a playful response to a difficult world — even if it might strike some as a precious form of capitalism.
WHO expert: ‘Declaring climate change a global public health emergency would be a turning point’
Air pollution, heat waves and infectious diseases: climate change is a health crisis that requires action now to save millions of lives, warn scientists and former health ministers.
May 20, 2026: The political unknown shaking up the GOP primary for governor; climate-proofing Denver's urban trees; what's wrong with the 'tree of heaven'
Victor Marx has millions of followers online but is a new face in Colorado politics
Rousey's return draws US-record MMA viewership for Netflix
The first live MMA event broadcast on Netflix — featuring a double-comeback bout between Ronda Rousey and Gina Carano — attracted the most U.S. viewers in the sport's history. Netflix and Jake Paul’s Most Valuable Promotions reported on Tuesday that Saturday's event in Inglewood, California, drew as many as 17 million viewers worldwide, including a peak of 11.6 million in the U.S. The U.S. figure surpassed the previous MMA record of 8.8 million in 2011 for UFC on FOX 1.
Dodgers activate Eric Lauer, option Wyatt Mills
The Dodgers on Tuesday activated pitcher Eric Lauer, the left-hander they acquired from the Toronto Blue Jays on Sunday for cash considerations. Right-hander Wyatt Mills was optioned to Triple-A Oklahoma City. After a 3.18 ERA and 3.88 xERA in 2025 for the Blue Jays, Lauer this year had a 6.69 ERA and 5.86 xERA in […]
Paducah Sports Park to host first tournament in new facility this weekend
Crews are still finishing parts of the $65 million complex, but officials say the park is ready to welcome teams beginning Saturday.
UC faculty and staff rally for state investment in science
President Milliken joined Senator Scott Wiener, UAW President Shawn Fain and hundreds of UC employees in rallying for investment in research.
Discord enables end-to-end encrypted voice and video calling for every user
Good news! Discord's hundreds of millions of users now have their communications scrambled, so not even Discord can see them.
Affordable Care Act enrollment projected to plunge by 5 million as costs spike, analysis shows
The report found that ACA program enrollment could shrink by more than 20% and that those who remain covered are paying more, with average deductibles growing by over $1,000.
✍🏼Galván confirms new River deal until 2028
The 26-year-old midfielder will remain tied to the Millonario for two more seasons. With president Stefano Di Carlo leading the way, Tomás Galván has confirmed his contract renewal with River until ...
Trump-backed Navy SEAL vet delivers major blow to Massie in fiery GOP primary
Trump targeted GOP critic Rep. Thomas Massie in Kentucky's record-breaking $32 million House primary, backing former Navy SEAL Ed Gallrein to unseat him.
Tuesday concerts returning to Millsboro’s Cupola Park
Summer nights can be a little more magical with live music. And, once again, the Town of Millsboro will welcome the public to relax and jam at their 2026 Tuesday-night
You probably don't need a 1,000 Hz gaming monitor
LG's latest hits one frame per millisecond at a full 1080p resolution.
Data center politics and Kirk Bangstad’s attention-seeking run for governor (with Emily Mills!)
Dan Shafer is a journalist from Milwaukee who writes and publishes The Recombobulation Area. In 2024, he and the publication joined Civic Media, where he is currently a Contributing Editor. He’s written for The New York Times, The Daily Beast, Heartland Signal, Belt Magazine, WisPolitics, and Milwaukee Record. He previously worked at Seattle Magazine, Seattle […]
New business investing $56 million in Fenton to make plant-based milk
An international food manufacturer is building a new plant in Fenton to make a component of plant-based milk through a new process.
Forget the feed: Status AI raises $17M to turn social media into interactive entertainment
Interactive social media site Status announced Tuesday $17 million in combined seed and Series A funding, with investors including General Catalyst, YC, LightShed Ventures, and Abstract.
Forget the feed: Status AI raises $17M to turn social media into interactive entertainment
Interactive social media site Status announced Tuesday $17 million in combined seed and Series A funding, with investors including General Catalyst, YC, LightShed Ventures, and Abstract.
Mills endorses former administration official Hannah Pingree for governor
Gov. Janet Mills announced her official endorsement Tuesday for Hannah Pingree to succeed her in the Blaine House.
Businesses face varied futures as Boomers sell, retire
About 6 million small- and medium-sized businesses could be up for sale in the next decade.
Mainstream anime moments create big business opportunities
Anime has gone mainstream in the United States, drawing millions of fans who spend big money on conventions, streaming, gaming, and merchandise. But anime is no longer reserved just for cosplayers. Now, businesses and sports franchises are increasingly tapping into anime culture to grow audiences, strengthen fan loyalty, and create new revenue opportunities.
Renderings Reveal Barclays Center Renovations In Prospect Heights, Brooklyn
Renderings have been revealed for the $150 million renovation of Barclays Center designed by Populous in Prospect Heights, Brooklyn.
Lauxera Capital Partners raises a hefty €520M for health, medtech companies
Lauxera Capital Partners has nearly doubled the size of its first funding drive with a €520 million ($605 million) raise for health and medical technology companies. | Lauxera Capital Partners has nearly doubled the size of its first funding drive with a €520 million ($605 million) raise for health and medical technology companies.
Scientists Simulated 30 Million Different Routes To The Moon From Earth And Found The Most Efficient One Yet
Astronauts have been taking short routes to the Moon, but there’s a more efficient way.
Gen Z’s Political Gender Divide Is Now Showing Up in Schools
Young men and women split sharply in 2024. Teachers and students say that rift is reshaping classrooms, friendships and dating.
U.S. Senate to examine sports gambling’s ‘mental health crisis’
Americans wagered a record $165 billion on sports in 2025, while nearly 20 million people reported "problematic gambling behavior."
Millions expected to lose Affordable Care Act coverage as costs spike
Congress’s refusal to continue pandemic-era subsidies for ACA beneficiaries is taking a big bite out of consumers’ pocketbooks.
Steep drop in number of people with Affordable Care Act health coverage, analysis finds
Enrollment in Healthcare.gov and the other marketplaces is plunging by 5 million, the new paper from KFF finds. Last year, Congress failed to make a deal to keep the coverage more affordable.
Jacobs Entertainment teases new additions to Reno's Neon Line District
a once dilapitated portion of downtown reno... Breathing new life after a $400 million investment. And more development could be on the way in the future: (lklv
High school sports results, playoff schedule for Monday, May 18, 2026
MONDAY’S RESULTS Baseball WPIAL CLASS 6A PLAYOFFS Quarterfinals Butler 3, Mt. Lebanon 2 Canon-McMillan 16, Seneca Valley 1 (4) North Allegheny 2,...
Casino operator Jacobs Entertainment celebrates $400M completion in downtown Reno
Jacobs Entertainment officials were joined Monday by local dignitaries and community leaders to celebrate the completion of J Resort's $400 million, five-year p
Jacobs Entertainment celebrates the completion of Phase One in Downtown Reno
Jacob’s Entertainment is celebrating the completion of Phase One, following a $400 million investment and five years of revitalizing the historic 4th Street in Downtown Reno.
What Flutter Entertainment (FLUT)'s Strong Q1, Leadership Shuffle and Buyback Completion Means For Shareholders
In early May 2026, Flutter Entertainment plc reported Q1 2026 revenue of US$4,304 million versus US$3,665 million a year earlier, alongside lower net income of US$218 million, refreshed full‑year revenue guidance, leadership changes at FanDuel and the international division, and completion of a US$1,241.88 million share buyback program. At the same time, stronger‑than‑anticipated Q1 operating performance, new FanDuel loyalty and product features, and a reconfigured management team sharpened...
The Adventures Of Elliot: The Millennium Tales New 'Prologue Demo' Released
Play it right now!
The Adventures of Elliot: The Millennium Tales ‘Prologue Demo’ now available
Publisher and developer Square Enix, and developer Claytechworks have released the “Prologue Demo” for HD-2D action RPG The Adventures of Elliot: The Millennium Tales for PlayStation 5,…
Portland groundbreaking pub The Sports Bra seeks to raise $1.2 million in uncommon crowdfunding model
Investors can commit as little as $250 for a stake in the bar that helped cement Portland’s reputation as a women’s hub.
Hidden GI struggles in children with autism spark $12.9M Duke-UNC Health study
A Raleigh fourth grader is helping researchers highlight a hidden struggle for many children with autism: chronic GI issues. Duke Health and UNC Health are launching a $12.9 million national study aimed at improving treatment options.
UC faculty and staff rally for state investment in science
UC President James B. Milliken and other leaders urged state lawmakers to pass SB 895, bipartisan legislation that would place a $12 billion bond to fund scientific research across California on the November 2026 ballot.
New renderings released for $250M entertainment district proposed near Louisville Slugger Field
Updated renderings released Friday offer a new look at the proposed $250 million entertainment district planned near Louisville Slugger Field.
New renderings released for $250M entertainment district proposed near Louisville Slugger Field
Updated renderings released Friday offer a new look at the proposed $250 million entertainment district planned near Louisville Slugger Field.
Whoa! Netflix is Sending Narnia Heading to Theaters...What This Means for the Future of Film
(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.) Here’s a funny thing about the debate over whether streamers should release their movies in theaters first: Both sides think the other side represents the “conventional wisdom”. If you’ve been reading me for any amount of time, or even just scanned my front page, you know I think movies make more money by having a robust theatrical window compared to going straight-to-streaming. I’ve published thousands of words on this topic. And for years, I felt like I was standing up to a wave of opposition. See, while the “put your films in theaters to make money” take was obvious at any point before 2019, post-streaming revolution, most of the trendy thinkers took the opposite point of view. Big names argued that Netflix putting their film straight-to-streaming (“S-to-S” from here on out) actually made more money. Netflix was “disrupting” theaters, just as they disrupted Blockbuster Video, and since innovation is always good, this too was a great idea. This thinking then leaked into the mainstream business outlets like the Wall Street Journal and Bloomberg. I read many articles whose take boiled down to “Netflix makes tons of money from S-to-S releases” and “theaters were in structural decline” anyways. Covid-19 shutting down theaters and the 2023 strikes shutting down film production seemingly justified this point of view, as the box office struggled to return to 2017-2019 heights. Yet I’ve also read folks arguing the opposite point: the conventional wisdom says to put films in theaters! From some writers’ points of view, “everyone” actually agrees/agreed with my “send your films to theaters” take—especially the stodgy traditional studios—and folks still didn’t understand Netflix’s genius. I feel like, for the last two years, many people have argued this point as if it’s conventional wisdom. You know what? I may have been wrong. At this point, the “S-to-S strategy makes money” might be the minority viewpoint. Especially with the news this month that Netflix will put at least one film—Greta Gerwig’s Narnia film The Magician’s Nephew—in theaters in 2027 for a full 49-day run is big news. So that’s the story of the week, but I’ll also explain why they’re making this move now and why Netflix may not completely embrace theaters, along with other topics, like how I don’t buy Disney’s “super app” strategy, the latest good news out of the unions, my take on the latest attacks against free speech, and a whole lot more. Let’s get started. Subscribe Most Important Story of the Week - Netflix Goes to Theaters! Listen, I promise not to victory lap too hard today. As I just wrote, I’ve argued against sending films straight-to-streaming for—checks calendar—eight years now. Since 2018. Yikes. That’s a long time. And for years, others painted my thinking as “conventional” in that I was standing up for the status quo against trendy, cool disruption. And that’s not cool! But math is math, and I never could make the S-to-S numbers work. The only thing that ever enabled that model was Wall Street’s brief exuberance for it. It seems like the heads of Netflix now agree with me. (There were always rumors that former head of film for Netflix Scott Stuber argued internally for theatrical releases as well.) As they announced: “The Magician’s Nephew_—the first film in a Narnia series of films—will open on 12-Feb-2027, with a 49 day theatrical exclusive run.”_ I’m a little surprised at how little coverage this big change actually got. Credit to Bloomberg for leading with it and Matt Belloni’s The Town for highlighting it with the provocatively titled podcast “Hell Hath Frozen Over”. But after that? Instead of getting as much coverage as, say, the FCC’s latest egregious crackdown on free speech, this news story got crickets. But it’s massively more important for the future business of entertainment. So let’s start with the obvious question… Why Put Your Movies in Theaters? So…why should Netflix put (some!) of their movies in theaters? Well, I’ve already written that in a very, very, very long article from 2022: [ ](https://entertainment.substack.com/p/the-data-is-in-theatrical-films-massively) [ The Data Is In: Theatrical Films Massively Outperform Straight-To-Streaming Films ](https://entertainment.substack.com/p/the-data-is-in-theatrical-films-massively) Entertainment Strategy Guy · April 5, 2023 [ Read full story ](https://entertainment.substack.com/p/the-data-is-in-theatrical-films-massively) To summarize, theatrical runs make much more money, especially blockbusters, because they earn more money per viewing,1 and that helps boost home entertainment sales. Theatrical films also perform as well or better than the streaming-only films. Now, partially this is driven by increased marketing for said films, but said marketing ultimately boosts the awareness of the movies and drives improved streaming and library performance as well. Again, I’ve made this case after reviewing the economic models and streaming data for years. Just last week, Emily Horgan also made the case for kids films! Yes, it is probably conventional wisdom, but that’s also because it’s true! I’d also argue we’ve seen a lot of data in the various studios’ behavior. As I’ve noted before, the more a studio needs to make money, the likelier they are to put films in theaters. As such, Disney, Universal, Warner Bros., Paramount and Sony all send their major films to theaters. Even if they once made a big S-to-S push (*cough* Disney *cough*), they’ve since relented and returned to theaters. The tech companies don’t need to make money, per se, so it took them years to embrace theaters. Apple doesn’t need to make money because it doesn’t disclose their (likely) Quibi-sized losses each year. (They fear bad press more than losing money.) Amazon announced two years ago that they planned to make Amazon-MGM Studios/Prime Video profitable on its own, and guess what? Now they’re putting films in theaters. That leaves Netflix. They’re in between the “no need to make money at all” and the “desperately need to make money to offset linear TV declines”, so they had less pressure to put some films in theaters. Plus, for years, they were the sexy disruptor, and Wall Street rewarded them for that. (Honestly, they still do.) Yet, even Netflix likely saw the money they were leaving on the table (I’ve estimated it at an easy billion dollars before) so they changed their course. I heard one pundit argue that, because Netflix already makes so much money, they don’t need to make more money, which sort of goes against everything I’ve ever learned about business and economics. Again, to be super-nuanced, sending “films to theaters” does not mean EVERY film. TV movies have been a thing for decades. Lifetime films, Hallmark holiday films, Disney Channel Original Movies, and so on, don’t need theatrical runs. But films above a certain budget level (say $25 to 50 million) almost certainly need theaters to maximize their revenue. The Scenarios (with a Dose of Skepticism) Now time for some skepticism: it won’t surprise me at all if Netflix re-changes course. Specifically, Netflix announced that their Narnia film will go to theaters. And I’d bet anything we see KPop Demon Hunters 2: The Huntering2 also goes to theaters, cause it’s the surest hit outside of a Disney animated sequel right now. But how much does Netflix truly commit to theaters? They’ve already tried to emphasize that this is a one-off move. I see three broad scenarios:
Murdoch Children’s Research Institute secures $5M grant to prevent childhood disease
Prime Minister Albanese announces a $5 million grant for MCRI to launch a pioneering research team focused on preventing childhood health conditions.