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THE PANDEMIC IS CHANGING HOLLYWOOD, MAYBE FOREVER

AppleMagazine

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AppleMagazine #475

“No New ‘Movies’ Till Influenza Ends” blared a New York Times headline on Oct. 10, 1918, while the deadly second wave of the Spanish Flu was unfolding.

THE PANDEMIC IS CHANGING HOLLYWOOD, MAYBE FOREVER

A century later, during another pandemic, movies — quotes no longer necessary — are again facing a critical juncture. But it’s not because new films haven’t been coming out. By streaming service, video-on-demand, virtual theater or actual theater, a steady diet of films have been released under COVID-19 every week. The Times has reviewed more than 460 new movies since mid-March.

Yet until recently — with only a few exceptions — those haven’t been the big-budget spectacles Hollywood runs on. Eight months into the pandemic, that’s changing. Last month, the Walt Disney Co. experimented with the $200 million “Mulan” as a premium buy on its fast-growing streaming service, Disney+ — where the Pixar film “Soul” will also go on Dec. 25. WarnerMedia last week announced that “Wonder Woman 1984” — a movie that might have made $1 billion at the box office in a normal summer — will land in theaters and on HBO Max simultaneously next month.

Much remains uncertain about how the movie business will survive the pandemic. But it’s increasingly clear that Hollywood won’t be the same afterward. Just as the Spanish Flu, which weeded out smaller companies and contributed to the formation of the studio system, COVID-19 is remaking Hollywood, accelerating a digital makeover and potentially reordering an industry that was already in flux.

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As investor enthusiasm for artificial intelligence continues to dominate global markets, questions have begun to surface about whether the current wave of capital and speculation surrounding AI companies has outpaced economic fundamentals.

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CHINA'S NEW FIVE-YEAR PLAN PULLS BACK SUPPORT FOR ELECTRIC VEHICLES AFTER SUBSIDY-DRIVEN EXPANSION

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Apple's services division has quietly evolved into one of the most powerful profit engines in the world — a business so large that its annual revenue now exceeds that of global giants like Tesla, PepsiCo, and Disney.

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APPLE'S PATH TO $4 TRILLION: HOW IPHONE SALES REIGNITED ITS LONG-TERM MARKET ASCENT

Apple has reached a US $4 trillion market capitalization, a landmark built not on a single breakthrough but on almost two decades of steady expansion anchored by the iPhone.

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APPLE PLANS MAJOR OLED EXPANSION FOR FUTURE IPAD AND MACBOOK MODELS

Apple is preparing to bring OLED display technology across its iPad and MacBook lineups, marking one of the most significant shifts in the company's display strategy since the introduction of Retina screens more than a decade ago.

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ADOBE BRINGS YOUTUBE SHORTS INTEGRATION TO PREMIERE PRO, STARTING WITH IPHONE USERS

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U.S. DEPARTMENT OF ENERGY FORMS $1 BILLION PARTNERSHIP WITH AMD TO DEVELOP SUPERCOMPUTERS FOR AI AND RESEARCH

The U.S. Department of Energy (DOE) has announced a landmark $1 billion collaboration with Advanced Micro Devices (AMD) to design and build two next-generation supercomputers aimed at tackling some of science’s most daunting challenges—ranging from fusion energy and cancer research to national security and advanced artificial intelligence.

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MUSK'S NEW GROKIPEDIA PLATFORM CRASHES ON LAUNCH DAY AFTER HOSTING NEARLY 900,000 ARTICLES

Elon Musk’s latest digital project, Grokipedia, experienced a full system outage within hours of its launch this week after its servers were overwhelmed by traffic and database activity.

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