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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    The Creator-To-Podcaster Pipeline Is Ready to Explode

    Nat Rubio-Licht
    Nat Rubio-Licht is a freelance reporter with dot.LA. They previously worked at Protocol writing the Source Code newsletter and at the L.A. Business Journal covering tech and aerospace. They can be reached at nat@dot.la.
    The Creator-To-Podcaster Pipeline Is Ready to Explode
    Evan Xie

    It’s no secret that men dominate the podcasting industry. Even as women continue to grow their foothold, men still make up many of the highest-earning podcasts, raking in massive paychecks from ad revenue and striking deals with streaming platforms worth hundreds of millions of dollars.

    But a new demographic is changing that narrative: Gen-Z female influencers and content creators.

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    nat@dot.la

    NASA’s JPL Receives Billions to Begin Understanding Our Solar System

    Samson Amore

    Samson Amore is a reporter for dot.LA. He holds a degree in journalism from Emerson College and previously covered technology and entertainment for TheWrap and reported on the SoCal startup scene for the Los Angeles Business Journal. Send tips or pitches to samsonamore@dot.la and find him on Twitter @Samsonamore.

    NASA’s JPL Receives Billions to Begin Understanding Our Solar System
    Evan Xie

    NASA’s footprint in California is growing as the agency prepares for Congress to approve its proposed 2024 budget.

    The overall NASA budget swelled 6% from the prior year, JPL deputy director Larry James told dot.LA. He added he sees that as a continuation of the last two presidential administrations’ focus on modernizing and bolstering the nation’s space program.

    The money goes largely to existing NASA centers in California, including the Pasadena-based Jet Propulsion Laboratory run with Caltech, Ames Research Center in Silicon Valley and Armstrong Flight Research Center at Edwards Air Force Base.

    California remains a hotspot for NASA space activity and investment. In 2021, the agency estimated its economic output impact on the region to be around $15.2 billion. That was far more than its closest competing states, including Texas ($9.3 billion) and Maryland (roughly $8 billion). That same year, NASA reported it employed over 66,000 people in California.

    “In general, Congress has been very supportive” of the JPL and NASA’s missions, James said. “It’s generally bipartisan [and] supported by both sides of the aisle. In the last few years in general NASA has been able to have increased budgets.”

    There are 41 current missions run by JPL and CalTech, and another 16 scheduled for the future. James added the new budget is “an incredible support for all the missions we want to do.”

    The public-private partnership between NASA and local space companies continues to evolve, and the increased budget could be a boon for LA-based developers. Numerous contractors for NASA (including CalTech, which runs the JPL), Boeing, Lockheed Martin, SpaceX and Northrop Grumman all stand to gain new contracts once the budget is finalized, partly because NASA simply needs the private industry’s help to achieve all its goals.

    James said that there was only one JPL mission that wasn’t funded – a mission to send an orbital satellite to survey the surface and interior of Venus, called VERITAS.

    NASA Employment and Output ImpactEvan Xie

    The Moon and Mars

    Much of the money earmarked in the proposed 2024 budget is for crewed missions. Overall, NASA’s asking for $8 billion from Congress to fund lunar exploration missions. As part of this, the majority is earmarked for the upcoming Artemis mission, which aims to land a woman and person of color on the Moon’s south pole.

    While there’s a number of high-profile missions the JPL is working on that are focused on Mars, including Mars Sample Return project (which received $949 million in this proposed budget) and Ingenuity helicopter and Perseverance rover, JPL also received significant funding to study the Earth’s climate and behavior.

    JPL also got funding for several projects to map our universe. One is the SphereX Near Earth Objects surveyor mission, the goal of which is to use telescopes to “map the entire universe,” James said, adding that the mission was fully funded.

    International Space Station

    NASA’s also asking for more money to maintain the International Space Station (ISS), which houses a number of projects dedicated to better understanding the Earth’s climate and behavior.

    The agency requested roughly $1.3 billion to maintain the ISS. It also is increasing its investment in space flight support, in-space transportation and commercial development of low-earth orbit (LEO). “The ISS is an incredible platform for us,” James said.

    James added there are multiple missions outside or on board the ISS now taking data, including EMIT, which launched in July 2022. The EMIT mission studies arid dust sources on the planet using spectroscopy. It uses that data to remodel how mineral dust movement in North and South America might affect the Earth’s temperature changes.

    Another ISS mission JPL launched is called ECOSTRESS. The mission sent a thermal radiometer onto the space station in June 2018 to monitor how plants lose water through their leaves, with the goal of figuring out how the terrestrial biosphere reacts to changes in water availability. James said the plan is to “tell you the kind of foliage health around the globe” from space.

    One other ISS project is called Cold Atom Lab. It is “an incredible fundamental physics machine,” James said, that’s run by “three Nobel Prize winners as principal investigators on the Space Station.” Cold Atom Lab is a physics experiment geared toward figuring out how quantum phenomena behave in space by cooling atoms with lasers to just below absolute zero degrees.

    In the long term, James was optimistic NASA’s imaging projects could lead to more dramatic discoveries. Surveying the makeup of planets’ atmospheres is a project “in the astrophysics domain we’re very excited about,” James said. He added that this imaging could lead to information about life on other planets, or, at the very least, an understanding of why they’re no longer habitable.

    https://twitter.com/samsonamore
    samsonamore@dot.la

    Three Wishes Cereal Co-Founder Margaret Wishingrad on ‘The Power of No’

    Decerry Donato

    Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.

    Three Wishes Cereal Co-Founder Margaret Wishingrad on ‘The Power of No’
    Provided by BHE

    On this episode of Behind Her Empire, Three Wishes founder and CEO Margaret Wishingrad talks about creating brand awareness and shares the key component to running a successful business.

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