Village Roadshow, the co-producer of “The Matrix Resurrections,” is suing Warner Bros, alleging the studio breached its contract by releasing the movie on its HBO Max streaming service as the same time as in theaters, thus hurting box office revenue. Due to COVID, WarnerMedia CEO Jason Kilar made the controversial decision to put all of the company’s movies on HBO Max at the same time as they...
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Introducing The Information’s Generative AI Database
OpenAI’s ChatGPT launched six months ago, igniting a boom in generative artificial intelligence. Since then, all manner of startups have emerged, building technology to compete with ChatGPT and developing services that use generative AI. Despite an otherwise cool funding environment, investors are jockeying to join the action. The most recent sign: The Information reported Wednesday that...
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MoonPay CEO, Other Executives Cashed Out Before Crypto Business Dropped
In November 2021, just as crypto prices were hitting all-time highs, MoonPay—a crypto payments startup that celebrities including Jimmy Fallon and Paris Hilton had praised for its non-fungible token “concierge” service— announced it had completed its first ever outside fundraising: an eye-popping $555 million round at a $3.4 billion valuation from investors including Tiger Global Management and Coatue Management.