Snap Reaches 293M Users, Revenue Sharply Increases

Jul

26

2021

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By Troy Warren

Snap Reaches 293M Users, Revenue Sharply Increases

Business, DigitalCityNewsAndTalk, EvanSpiegel, Snap, SnapChat

BY J. CLARA CHAN | HollywoodReporter.Com Troy Warren for CNT The company reported $982 million in revenue for the second quarter of 2021. Snap, the parent company of Snapchat, on Thursday reported a 116 percent increase in revenue in its second quarter and a 23 percent increase in daily active users. The company made $982 million in Q2 and has reached 293 million daily active users, according to a report released ahead of Snap’s earnings call. The company also decreased its net loss to $152 million, compared to $326 million in the previous year. “Our second quarter results reflect the broad-based strength…

Jul

26

2021

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By Troy Warren

‘The Morning Show’ Season 2 Delays Trigger $44M Lawsuit

Business, COVID-19, EntertainmentChubbInsurance, CityNewsAndTalk, covid-19, JenniferAniston, MorningShow, ReeseWitherspoon

BY ERIQ GARDNER | HollywoodReporter.Com Troy Warren for CNT Producers sue Chubb National Insurance over the interruption caused by COVID-19. When you have top notch stars like Jennifer Aniston, Reese Witherspoon and Steve Carell in a show, you want to insure their presence on set. The production vehicle behind The Morning Show has $125 million in cast coverage, plus more for imminent peril to their shooting location. But the Apple+ series is now finding it difficult to get any of that money over COVID-19-related delays to the production of the second season. According to a new suit filed in California federal court, Chubb…

Jul

25

2021

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By Troy Warren

Florida Appeals to Supreme Court Over Cruise Regulations

Business, TravelCityNewsAndTalk, Cruise, FloridaCruiseIndustry

RICH THOMASELLI | TravelPulse.Com Troy Warren for CNT The State of Florida is taking its fight with the Centers for Disease Control and Prevention to the Supreme Court. Florida's attorney general asked the Supreme Court on Friday to step in on an emergency basis to block COVID-19 protocols put in place by the CDC requiring the cruise lines to meet certain conditions before they can sail again. Florida Attorney General Ashley Moody initially won a court ruling when it was determined the CDC protocols for returning cruise ships to the sea were beyond its authority. But when a federal appeals court…

Jul

25

2021

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By Troy Warren

Atlanta: Where metro Atlanta’s big development projects stand

Business, City NewsAtlantaDevelopmentProjects, AtlantaNewsAndTalk

By Andy Peters, The Atlanta Journal-Constitution Troy Warren for AtlantaNewsAndTalk.Com Many of metro Atlanta’s big development projects experienced only slight delays because of the pandemic. Construction proceeded on some of the largest sites, and groundbreaking is expected to begin soon on others. Here is the status of seven of the largest projects in terms of physical size and financial investment, accompanied by architectural renderings from the developers: The Gulch The site of Centennial Yards is a collection of aging parking lots and railroad tracks, loomed over by street viaducts. Financed in part by a $1.9 billion Atlanta municipal bond sale, it is…

Jul

25

2021

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By Troy Warren

Atlanta: Medical marijuana licenses approved for six companies in Georgia

Business, City News, Editors PicksAtlantaNewsAndTalk, GeorgiaApprovesMedicalMarijuana

By Mark Niesse, The Atlanta Journal-Constitution Troy Warren for AtlantaNewsAndTalk.Com ROCK SPRING — Georgia’s medical marijuana board chose six companies Saturday that will be allowed to sell the drug, a decision that will finally give registered patients a legal way to obtain medication first approved six years ago. The announcement is a long-awaited milestone for about 15,000 patients who have been authorized to use medical marijuana oil since 2015 but weren’t permitted to buy it. “It’s a blessing. We’re near the end of the tunnel,” said Jessica Reid of Atlanta, whose 4-year-old son, Emmanuel, takes marijuana oil to treat severe seizures. “It’s the…

Jul

24

2021

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By Troy Warren

Atlanta: Pandemic and Great Recession worlds apart for commercial real estate

Business, City News, Real EstateAtlantaNewsAndTalk, CommercialRealEstate, Doraville

By Andy Peters, The Atlanta Journal-Constitution Troy Warren for CNT Commuters driving along I-285 for years have seen only a huge, empty field at the long-shuttered General Motors plant in Doraville. That may change soon. Plenty of ideas have been tossed around on how to use the property over the past decade — a new Atlanta Falcons stadium at one point, or a bigger version of Atlantic Station, among others. Now it seems set to become a movie lot, plus a lot more.New owner Gray Television obtained building permits in Junefor the mostly empty 128 acres. Construction of multistorymovie studios is slated to start…

Jul

23

2021

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By Troy Warren

Why Barry Diller Thinks 10 Percent of Theaters Will Remain In the Next Few Years

Business, EntertainmentBarryDiller, CityNewsAndTalk, TheaterBusiness

BY J. CLARA CHAN | HollywoodReporter.Com Troy Warren for CNT "What we think of as a movie is evolving and no longer means what it did just a couple of years ago, pre-pandemic," the former Paramount Pictures and 20th Century Fox chairman says. Barry Diller doesn’t think the movie business is “dead,” as a recent NPR story declared, but the traditional moviegoing experience will continue to transform, resulting in a loss of about 90 percent of theaters worldwide. “Because of streaming, because of the pandemic, because of the enormous production of long-form content … the word movies — what we think of as a…

Jul

22

2021

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By Troy Warren

ATLANTA: Metro Atlanta economy accelerates in June

Business, City News, In The NewsAtlantaGAEconomy, CtiyNewsAndTalk

By Michael E. Kanell, The Atlanta Journal-Constitution Troy Warren for CNT The shipping supply company Uline is hiring. Intent on adding about 100 employees at their Braselton warehouse, the company is luring candidates with starting pay of $24 an hour and the promise of a profit-sharing bonus north of $7,000. It’s a sign of the times — or, at least, the moment. The region is flush with jobs and companies are jostling for workers as the economic recovery from the coronavirus pandemic continues. “Everyone is looking for people,” said Terry Knox, human resources manager at Uline. Metro Atlanta last month added…

Jul

22

2021

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By Troy Warren

Warner Bros. to Produce 10 Movies Exclusively for HBO Max in 2022

Business, Entertainment, In The NewsCityNewsAndTalk, JasonKilar, WarnerMediaCEO

BY ETAN VLESSING, GEORG SZALAI | HollywoodReporter.Com Troy Warren for CNT WarnerMedia CEO Jason Kilar told analysts that his studio's streaming service will continue to stand out from the competition and attract subscribers with day-and-date and exclusive movies. WarnerMedia CEO Jason Kilar insists his studio won’t abandon exclusive releases of tentpole pics at the local theater, but will also produce 10 movies next year exclusively for HBO Max to drive subscriber growth at the streaming service. “The motion picture format absolutely matters,” Kilar told analysts on an AT&T earnings call as he returned to a familiar theme for WarnerMedia: the studio will release certain epic…

Jul

22

2021

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By Troy Warren

Peacock’s Subscriber Bet: Can Streamer Stick Landing at Tokyo Olympics?

Business, EntertainmentCityNewsAndTalk, Peacock, TVStreaming

BY ALEX WEPRIN | HollywoodReporter.Com Troy Warren for CNT NBCUniversal views the Games’ yearlong delay as "an advantage" since it now knows the platform’s user base, but even with a "big event" boost it has a long way to go to catch up to rivals. One of the most anticipated events at the Tokyo Olympics, at least for U.S. viewers, will be women’s gymnastics, with Simone Biles looking to add to her 2016 haul of four gold medals. But if Americans want to watch Biles live, they will have to do so on NBCUniversal streamer Peacock. NBC is betting that Biles and…

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