Coronavirus Updates: Lockdowns Accelerate Activision Earnings; Tom Cruise Teams Up With Elon Musk

Coronavirus Updates: Lockdowns Accelerate Activision Earnings; Tom Cruise Teams Up With Elon Musk

Here are the latest headlines regarding how the novel coronavirus is impacting the Los Angeles startup and tech communities. Sign up for our newsletter and follow dot.LA on Twitter for the latest updates.

  • Activision trounces earnings expectations as world turns to video games amid lockdown
  • Tom Cruise, Elon Musk: There's no coronavirus restrictions filming in space

    Activision trounces earnings expectations as world turns to video games amid lockdown

    live.staticflickr.com

    Activision Blizzard, the video game juggernaut behind the Call of Duty franchise, reported first-quarter earnings that sailed past expectations. It wasn't totally unexpected, given the effects the coronavirus lockdown has had on everything from video game publishers to streaming services. The Santa Monica-based company posted earnings of 65 cents a share on revenue of $1.8 billion. Shares soared 5% in after-hours trading.


    "Our goal to connect the world through epic entertainment is more important to our players than ever before," said Chief Executive Bobby Kotick in a statement. "We delivered strong financial results for the first quarter, and are raising our full-year outlook. I have been awestruck by the strength of our employees and their families during this difficult time."

    Kotick also raised the company's full-year outlook, pinning the robust earnings prediction on an increase in video game downloads and purchases. The surge in video gaming comes amid a dearth of options for Americans looking for entertainment with theaters shuttered and restaurants/bars still a long way off from re-opening.

    Tom Cruise, Elon Musk: There's no coronavirus restrictions filming in space

    upload.wikimedia.org

    Hollywood is having some issues with how to film blockbusters in the U.S. with the coronavirus shutting down productions. Tom Cruise, who has done most of his own stunts, has an idea. Go to space.

    The actor is partnering with NASA to make his next action movie shot on board the National Space Station, according to Deadline Hollywood. The Hollywood trade reported that Cruise and Elon Musk's SpaceX were in the early stages of teaming up with the U.S. space agency for an action-adventure feature film that would be shot in outer space. No word on the plot yet. "NASA is excited to work with @TomCruise on a film aboard the @Space_Station," NASA administrator Jim Bridentsine tweeted on Tuesday. "We need popular media to inspire a new generation of engineers and scientists to make @NASA's ambitious plans a reality."

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    How Women’s Purchasing Power Is Creating a New Wave of Economic Opportunities In Sports

    Samson Amore

    Samson Amore is a reporter for dot.LA. He holds a degree in journalism from Emerson College. Send tips or pitches to samsonamore@dot.la and find him on Twitter @Samsonamore.

    How Women’s Purchasing Power Is Creating a New Wave of Economic Opportunities In Sports
    Samson Amore

    According to a Forbes report last April, both the viewership and dollars behind women’s sports at a collegiate and professional level are growing.

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    samsonamore@dot.la
    LA Tech Week Day 5: Social Highlights
    Evan Xie

    L.A. Tech Week has brought venture capitalists, founders and entrepreneurs from around the world to the California coast. With so many tech nerds in one place, it's easy to laugh, joke and reminisce about the future of tech in SoCal.

    Here's what people are saying about the fifth day of L.A. Tech Week on social:

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    LA Tech Week: Six LA-Based Greentech Startups to Know

    Samson Amore

    Samson Amore is a reporter for dot.LA. He holds a degree in journalism from Emerson College. Send tips or pitches to samsonamore@dot.la and find him on Twitter @Samsonamore.

    LA Tech Week: Six LA-Based Greentech Startups to Know
    Samson Amore

    At Lowercarbon Capital’s LA Tech Week event Thursday, the synergy between the region’s aerospace industry and greentech startups was clear.

    The event sponsored by Lowercarbon, Climate Draft (and the defunct Silicon Valley Bank’s Climate Technology & Sustainability team) brought together a handful of local startups in Hawthorne not far from LAX, and many of the companies shared DNA with arguably the region’s most famous tech resident: SpaceX.

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