Disney CEO Hints at Shorter Theatrical Windows for Blockbusters in a Post-Lockdown World
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Disney CEO Hints at Shorter Theatrical Windows for Blockbusters in a Post-Lockdown World
Bob Chapek chimes in on the state of movie releases as new hope arrises for theaters to be reopened soon.
Hollywood studios have been irrevocably altered by the changes wrought by the 2020 global shutdown of theaters. Online streaming has today become arguably the most important entertainment format in the industry, surpassing cinema halls. Keeping this massive change in view, while speaking at the Morgan Stanley Technology, Media, and Telecommunications Conference on Monday, Walt Disney Company chief exec Bob Chapek hinted that there will be no going back to the old method of theatrical distribution.
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(Reuters) - Heavily shorted mortgage provider Rocket Companies saw its stock surge on Tuesday, in an eye-popping move reminiscent of the rallies that powered GameStop GME.N and other so-called meme stocks earlier in the year.
FILE PHOTO: A banner celebrating Rocket Companies Inc., the parent company of U.S. mortgage lender Quicken Loans, IPO is seen on the front facade of the New York Stock Exchange (NYSE) in New York City, U.S., August 6, 2020. REUTERS/Brendan McDermid
Shares of Rocket, the parent company of Quicken Loans, closed up 71.2% at $41.60 after being halted several times for volatility. More than 367 million shares changed hands in the stock’s busiest trading day ever.
Snap CEO Evan Spiegel said that the company’s forecast of multiple years of more than 50% revenue growth is achievable even without any additional user.