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Broadway plays — the classic dramatic performances, not high-production musicals — are breaking theatre-revenue records and driving such high demand that ticket prices are soaring to unheard-of heights. Why It Plays: Before the pandemic, Broadway plays had a cultural reputation as an analog art form that seemed to be losing influence (other than big blockbuster […]
United Talent Agency has started to lean on AI to do market research, optimize dealmaking, and collect the currency that now makes Hollywood go round (real-time, complete viewership metrics) partly by using its own AI-powered app. The Big Picture: UTA has been investing heavily in its data and analytics division, the Joe Kessler-run UTA IQ. […]
H&M is jumping into the world of AI by creating “digital twins” of its models that the talent will fully control. Why It Hits: Several fashion companies have already experimented with AI-generated models, which have been met with mixed-to-negative reactions. By experimenting with digital twins that are indecipherable to audiences, H&M hopes to get the […]
Napster is getting a second shot at relevance with its acquisition by 3D-tech company Infinite Reality, which wants to turn the brand into a hub for metaverse-style digital concerts. The Big Play: Napster’s acquisition sits at the intersection of two major trends — the creation of cutting-edge digital concert venues and the re-emergence of platforms […]
Netflix is revamping its gaming plans to focus on titles that can be played on the TV and bring the whole family together. The Big Picture: Netflix won the streaming wars for film and TV (a $100 billion market) but is looking to gaming (a $180 billion market) as its next growth engine. The company has already […]
Norwegian robotics startup 1X announced that it’ll start testing its humanoid robot in private homes by the end of the year. The Big Picture: Robots tidying up around the house — a test at Nvidia GTC showed 1X’s robot vacuuming and watering plants — have been a societal dream since The Jetsons. Whoever can figure out how to make […]
Retailers — from streetwear to luxury to basics — are putting coffee shops inside their brick-and-mortar stores to keep customers around longer and build community. Why It Fits: Post-COVID, people, especially Gen Zers, are gravitating back to “third spaces” — places where people can be social and feel belonging outside their homes. By creating those spaces inside retail […]
As Endeavor goes back to private under PE firm Silver Lake, CEO Ari Emanuel and Executive Chairman Patrick Whitesell are reportedly stepping away from the company they built. The Big Picture: Emanuel and Whitesell are not just two of the most influential agents in Hollywood, leading what is arguably the industry’s biggest agency, but they’ve also transformed into media moguls in […]
A survey by the Global Cinema Foundation found that while many people would love to go to the movies, they feel underserved of the films they actually want to watch more of… so they choose streaming or other forms of entertainment instead. The Big Picture: Recent data shows that while most sectors of mass entertainment have recovered, […]
While there’s been plenty of anecdotal evidence of smartphones impacting our mental health, recent medical studies are showing how smartphone addiction is literally rewiring our brains. Why It Hurts: Expert studies demonstrating how smartphones impact our attention spans, ability to regulate our emotions, and potential for productivity have wide-ranging implications — including a growing no-phones-in-school movement, society’s […]