WarnerMedia isn’t giving up on releasing movies in theaters. That was the message from the AT&T-owned entertainment company, a day AT&T COO John Stankey said WarnerMedia was reevaluating how it distributes movies in light of changing consumer behavior in the pandemic. In a statement to The Hollywood Reporter, Warner Bros’ chief Ann Sarnoff said the company was committed to the theatrical...
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Genesis Creditors Could Miss Out on Recent Crypto Rally
Crypto prices have risen since parts of crypto lender Genesis filed for chapter 11 bankruptcy last month, lifting the value of customers’ crypto assets stuck in Genesis accounts. That’s not necessarily good news for Genesis’ creditors, however. Creditors are worried that any repayments they get from the bankruptcy will be made in dollars, not the original cryptocurrencies,...
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