The fallout from WarnerMedia’s bold move with its direct-to-streaming strategy is here. The director Christopher Nolan released a scathing statement to the Hollywood Reporter denouncing CEO Jason Kilar’s decision to release its slate of 2021 films concurrently in theateres and HBOMax. In it he said that the decision undermines talent, producers and agents across the industry—and made all the...
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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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