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THE PANDEMIC IS CHANGING HOLLYWOOD, MAYBE FOREVER

Techlife News

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November 28, 2020

“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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BMW electric vehicles in the United States can now use Tesla’s Supercharger network following a recent rollout of compatibility updates and connector adoption that enable cross-brand charging access.

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FORMER APPLE CO-00 JEFF WILLIAMS NOMINATED TO THE WALT DISNEY COMPANY BOARD AS AN INDEPENDENT DIRECTOR

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DISNEY AGREES TO $1 BILLION EQUITY INVESTMENT IN OPENAI AND LICENSING DEAL FOR SORA AI TO USE ICONIC CHARACTERS

The Walt Disney Company said Thursday that it will make a $1 billion equity investment in OpenAI and has reached a licensing agreement that will allow the use of characters from its major entertainment franchises in OpenAI’s generative artificial intelligence tools, including the Sora video generator and ChatGPT image features.

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INSTAGRAM TESTS AUTO-GENERATED HEADLINES TO BOOST POST DISCOVERABILITY

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SPACEX SAID TO BE PREPARING A 2026 IPO AS VALUATION EXPECTATIONS RISE

SpaceX is reportedly preparing to pursue an initial public offering in 2026, according to new indications circulating among investors and advisors familiar with the company’s long-term planning.

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APPLE'S ORIGINALS EARN MULTIPLE GOLDEN GLOBE NOMINATIONS AS THE STUDIO CONTINUES EXPANDING ITS PREMIUM SLATE

Apple's expanding film and television division secured a wide set of Golden Globe nominations this week, spotlighting the reach of Apple TV's drama and documentary catalog as the service enters its fifth year of original programming.

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