WarnerMedia has come up with a new compensation plan that it hopes will appease filmmakers who were in an uproar about its recent decision to release all of its 2021 movies on its HBO Max streaming service as the same time as in theaters. Under the plan, Warner Bros will guarantee payments to filmmakers and increase the odds of bonuses based on how the movies do. The company will also pay cast...
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Sequoia Capital’s U.S. Partners May Reap China Gains Even After Split
Sequoia Capital on Tuesday told investors that by the first quarter of next year it would fully separate its U.S. and China venture capital operations, ending an 18-year run during which Sequoia Capital China became China’s most successful VC firm and drove outsize returns for Sequoia’s global investors. But the separation, anticipated for years and related to a growing geopolitical...
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Adam D’Angelo is basking in an “ endless summer ” of artificial intelligence. A few weeks before he and 350 industry peers released a bizarre, one-line statement warning that AI could herald a nuclear-level extinction event, the 38-year-old co-founder of Quora told me he actually sees more upside in AI than downside.