The studio with the highest box office haul last year was one that delayed most of its film slate to 2021. After combing data from Comscore, Sony emerged as the top earner in a year marred by a global pandemic. The studio represented 22.2% of the domestic film market, with just under $500 million in ticket sales.
Multi-million dollar bet of Spotify into podcasting may not be working out, Citi analysts wrote in a note to clients Friday. “The cadence of Premium gross additions (through 3Q20) and app download data (through 4Q20) do not show any material benefit from recent podcast investments (that began in 2019,” the analysts wrote. The firm downgraded the stock to Sell from Neutral.
On Friday European stock markets traded in negative territory as a reemergence of Covid-19 cases in China pulled back the positive sentiment generated by U.S. President-elect Joe Biden’s $1.9 trillion stimulus plan. The pan-European Stoxx 600 fell 0.3% in early deals, with oil and gas stocks shedding 0.8% to lead losses as all sectors and major bourses slid into negative territory.
U.S. automakers are suffering from the deepest sales decline in decades, the country is still politically divided and it’s in the middle of COVID pandemic. But if U.S. officials can quickly rollout a Covid-19 vaccine and stabilize the nation, automotive executives and analysts have reason to hope U.S. vehicle sales will return to some form of normalcy this year.
WeRide a China’s driverless car start-up has raised $310 million in a new round of funding as it pushes to commercialize its technology. Yutong Group, a Chinese company that manufactures commercial vehicles including electric buses, lead the funding round.
Google will pause political advertisements along with any referencing “impeachment, inauguration or protests at the U.S. Capitol” beginning Thursday. “We regularly pause ads over unpredictable, ‘sensitive’ events when ads can be used to exploit the event or amplify misleading information,” Google said in a statement Wednesday.
Facebook and other United States tech giants could face a flurry of new cases in Europe regarding data privacy, after a top court said that any regulator in the region should be able to bring about new proceedings.