Can Warner Bros. Uncancel J.K. Rowling?
Warner Bros. Discovery CEO David Zaslav wants to breathe new life into the Harry Potter franchise, seeing a new TV show as a potential tentpole in his streaming strategy.
“What was it like taking over this company?” J.K. Rowling asked him, according to a person familiar with the exchange. “What is your ambition?” [WSJ]
“A big part of it is you,” Zaslav replied.
Paramount+ Drops Star Trek Discovery Season 5 Trailer
A lot of Redditors Hate the Reddit IPO
Reddit is much more vulnerable to its users than other social media sites, as various Reddit rebellions have made clear. Its model of community moderation has upsides — it means that the 60,000 mods are more familiar with their community than contractors would be. But Reddit doesn’t pay them and thus will have a harder time controlling them.
If you squint, you can kind of see how Reddit is trying to ameliorate that risk by offering shares to power users. Because they’re shareholders, they’ll want to keep their own shares valuable. That means they’d be less likely to do things that would cut off advertising revenue, like abruptly shutting down a subreddit in protest. [The Verge]
A Look at the Dwindling Best Buy Physical Movie Shelves
The retailer is no longer stocking new releases.
Surging Nvidia Stock Keeps Drawing In More Believers
Nvidia’s historic run is minting profits for investors big and small. Many are betting the boom is just beginning.
They are piling into trades that the chipmaker’s shares, which have more than tripled over the past year, are headed still higher. Some have turned to the options market to look for ways to turbocharge their bets on artificial intelligence after a blockbuster earnings report sent the stock up 17% over the past two days.
The exuberance reflects hope that the company is the vanguard of wide adoption of artificial intelligence—and an intense fear of missing out among investors who have sat on the sidelines while the company’s valuation has eclipsed $2 trillion. [WSJ]
Vin Diesel Says Excitement for Fast & Furious Finale Is “Incredibly Powerful”
In a Friday Instagram post, Vin Diesel shared that the Fast series “grand finale is not just an ending; it’s a celebration of the incredible family we’ve built together.”
Inside Olivia Rodrigo’s Guts Tour!
The 21-year-old pop star, Olivia Rodrigo, kicked the tour off last night in Palm Springs.
