Cinema Industry Gets Stabbed

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Dec 3, 2020

Went Pro

After announcing that its sold it’s 40 millionth camera and otherwise killed it on Black Friday, shares of GoPro (NASDAQ: GPRO) are up 4% today.

GoPro’s Plus service reached 670,000 subscribers, and the company is confident that they’ll break the 700k mark by year’s end. The Plus service enables users to receive replacements for damaged cameras and upload unlimited videos to a GoPro cloud account.

Looks like even camera companies are SaaS companies now.

Death Of The Cinema

A few weeks ago, we released a long form article on the increasing presence of streaming services in the world and how it was affecting the movie industry as we know it.

Today, HBO Max announced that Warner Bros. would be releasing all of their 2021 movies on the streaming service and in theatres simultaneously. The move by Warner Bros. comes amidst growing COVID19 cases and fear of losing hours of hard work on these movies.

A shift like this from one of the largest players in the movie industry is sure to disrupt how hollywood executives attempt and plan to roll out movies in the future. With more and more movies being released on streaming services, people are watching the newest blockbusters not on the big screen but in the comfort of their living rooms leaving movie theatre owners, desperate to open their doors, out in the cold.

Victory In The Sky

Boeing announced their first order on the 737 MAX since being grounded, today. The titan in the skies announced that Ryanair, an Irish budget airline, ordered 75 of the MAX jets.

This comes as a huge positive for the airline builder after the pandemic halted travel to a grinding stop and after being forced to ground the 737 MAX for nearly two years after a series of accidents.

A Squashed Ant Special Series: Alibaba (4/5)

A significant potential route for Alibaba’s continued growth is through its 33% stake in Ant Financial, the parent company of Alipay, a financial service app spun off of Alibaba in 2014 due to regulatory issues and to allow for a stronger focus on financial services.

With over a billion users in the system, some of Ant Financial’s services allow for paying with your phone, using it for a ride sharing service, access to one of the world’s largest money market funds, and obtaining wealth management services. Additionally, the company also matches small businesses with lenders; in short, its a financial juggernaut.

Last month, shares were supposed to go public on the Hong Kong and Shanghai exchanges, marking the world’s largest IPO… ever. That’s right, it’d have been bigger than Aramco’s nearly $30 billion offering — estimates on Ant had it bringing in nearly $35 billion.

However, Chinese regulators took the IPO as a chance to flex their muscles, halting the operation a few days before it was scheduled to take place. This is indicative of the company’s messy relationship with the state. At once a disruptor and a facilitator for growth, Ant’s climb has been halted, if only for a moment.

Tomorrow, we’ll finish up with a summary of Alibaba and its potential future.

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