David Fincher gave some film students an unexpected, but surely welcome, surprise this week when he offered up a masterclass via Zoom, an app seemingly everyone is using these days to stay connected while most institutions are shut down. The 450-plus students of the United Kingdom’s National Film and Television School were treated to Fincher’s […]
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www.slashfilm.com | 3/25/20
The Dow Jones industrial average, after sharp declines from major companies like Apple and Disney, had its worst single-day point drop ever on Thursday, plunging 2,352 points to close at 21,201 points. The 10% fall also represented the biggest single-day percentage drop since Black Monday 1987, when the Dow plummeted 22.5%.
The historic point drop on Thursday comes only days after the previous record was set; fears over the coronavirus outbreak, coupled with an oil price war, sent the Dow down 2,013.76 points on Monday.
President Trump addressed the coronavirus outbreak on Wednesday night and announced the U.S. would ban travel from Europe — except for from the United Kingdom — for 30 days. On Thursday, the Federal Reserve said it would inject $1.5 trillion into Wall Street to curb the “highly unusual disruptions” brought on by the coronavirus. Those plans did little to stop the bleeding on Thursday, though, with several entertainment and tech companies absorbing major hits.
Shares of Disney, which is one of the 30 companies represented by the Dow index, fell 13% on Thursday to $91.81 per share. Less than a month ago, the company was trading near $140 per share, but the combination of coronavirus and the exit of CEO Bob Iger in recent weeks have led to a severe drop. California Governor Gavin Newsom on Thursday issued a directive banning gatherings of more than 250 people, but offered an exemption to Disneyland. “Disneyland, I think, has a thousand people on a ride every hour, and concerts and theaters. They have parades. That’s a nation state campus environment. I mean, that’s a whole different thing,” Newsom explained, according to the LA Times. Disney’s share price did not rebound, even following the governor’s announcement, on Thursday.
Hours later — and soon after markets closed on Thursday — Disney announced it would be shutting down Disneyland through the end of March.
Disney’s 5-day drop, courtesy of Google
Apple shareholders, meanwhile, had a rough day as well, with shares of the tech giant dropping 9.9%; the company closed at $248.23 per share and has dropped more than 20% since trading at its all-time high of about $327 per share in early February. Chief executive Tim Cook warned shareholders last month the company could be especially hit hard by the coronavirus outbreak, which impacted the company’s iPhone production in China.
The S&P 500 and Nasdaq experienced similar drops on Thursday, with both indexes plunging more than 9%.
Theater chains were rocked on Thursday, as movies releases are being postponed and large gatherings are being banned across the globe. Shares of IMAX cratered nearly 26% on Thursday, while AMC Entertainment Holdings fell 20%. Discovery and Fox both dropped more than 7% on Thursday, while shares of Viacom and Lionsgate plummeted more than 17% each.
During a meeting with Irish Prime Minister Leo Varadkar on Thursday, President Trump said he expects the market to “bounce back very big” in the near future.
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www.thewrap.com | 3/12/20
Students at the American Film Institute lead the way for the Academy of Motion Picture Arts and Science’s annual Student Academy Awards.
The Academy named 16 students as winners on Thursday, including three in the narrative category from AFI. The competition received 1,615 entrants from 255 domestic and 105 international colleges and universities, the Academy said.
AFI was the only school to take more than one award. AFI students Asher Jelinsky (“Miller & Son”), Hao Zheng (“The Chef”) and Omer Ben-Shachar (“Tree #3,”) took home awards in the narrative category. Last year, the University of Southern California was the only school to take home more than one award, with four.
Winners of the Student Academy Awards are eligible to compete for Oscars in the Animated Short Film, Live Action Short Film or Documentary Short Subject category. Past winners have gone on to nab 62 Oscar nominations and have won or shared 12 awards.
The 2019 winners join the ranks of such past Student Academy Award winners as Patricia Cardoso, Pete Docter, Cary Fukunaga, Spike Lee, Trey Parker, Patricia Riggen and Robert Zemeckis.
Here’s the full list of winners:
Alternative/Experimental (Domestic and International Film Schools)
Animation (Domestic Film Schools)
Animation (International Film Schools)
Documentary (Domestic Film Schools)
Documentary (International Film Schools)
Narrative (Domestic Film Schools)
Narrative (International Film Schools)
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www.thewrap.com | 9/12/19
The United Kingdom needs to reinvent itself Here we go again, the UK squaring up to another sovereign nation thousands of miles away, with a media campaign of lies to justify another murderous campaign Is it just me or is anyone else starting to question whether the United Kingdom is indeed the bastion of good morals, freedom, democracy and friendly relations which it claims to be? Open the newspaper or turn on the TV and here we go again, this time squaring up to Iran thousands of miles away because Iran seized a tanker in retaliation for Britain seizing an Iranian tanker.
www.pravdareport.com | 7/29/19