Coronavirus Updates: USC/UCLA Unite on 3-D Masks; Hollywood Preps for M&A
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- USC, UCLA business school students jointly create a 3-D printed mask in Hack for Hope
- Analyst predicts M&A shakeup as Hollywood grapples with COVID-19 fallout
Analyst predicts M&A shakeup as Hollywood grapples with COVID-19 falloutc0.wallpaperflare.com
MoffettNathanson analyst Michael Nathanson made a rather dire prediction for the future of the entertainment industry: Prepare for Hollywood studios to consolidate through acquisitions as a way to fiscally survive the global coronavirus pandemic. With movie theaters shuttered (for the time being), the streaming world is now the most dominant channel to distribute content. "Heading into 2020, we had argued that the fundamental pillars of media were starting to crack," Nathanson wrote in the Friday report. "Now, we fear that they will crumble as customer behavior permanently shifts to streaming models. The impact should be felt in both the traditional TV ecosystem and the film industry as content producers re-examine the economics of producing linear TV content and feature films. As a result, when this is all done, the top streaming platforms – Netflix, Amazon and Disney – will emerge with the lion's share of scripted content creation." This could have major ramifications for studios like Sony Entertainment, which has long rumored to be on the auction block. Lionsgate, another smaller studio with both film and television assets, could also be eyed as a potential takeover target.
USC, UCLA business school students jointly create a 3-D printed mask in Hack for Hope
Traditional rivals USC Marshall School of Business and UCLA Anderson School of Management united earlier in April to fuel a search for solutions to problems caused by the coronavirus pandemic. The joint effort, an online hackathon called Hack for Hope, involved 600 students from both schools that created 89 projects aimed at helping out during the coronavirus pandemic. Taking away the big prize was a joint project between students at both schools that created 3-D printed, reusable respirator masks that can be easily disinfected. The students also made the print pattern available to others to replicate.
"We were very impressed by the global scope of the teams; they included undergraduates, graduate students and alumni, along with professionals from business, technology, health care, edtech and entertainment," said Elaine Hagan, associate dean of entrepreneurial initiatives at UCLA Anderson School of Management and executive director of the school's Harold and Pauline Price Center for Entrepreneurship & Innovation. "Their ability to provide real-time solutions that have already benefited at-risk community members has given the organizers confidence that we have moved from hope to impact, for which participants should be commended."
Each team was asked to submit a two-minute video describing the problem and their solution. Judges awarded a total of $38,500 in prize money to the most promising projects — specifically, to fund prototype development, proof of concept work or community outreach directed at students or workers in need of extra support at this time.
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The Santa Monica-based movie-ticketing service Atom Tickets has pre-sold more tickets for "Godzilla vs. Kong" than any film since the start of lockdown.
Following a disastrous year for the box office, its performance could be a litmus test for Hollywood and the many theaters that teetered on the brink during the pandemic.
The Theatrical Release Window: Will the Changes Last?<span style="display:block;position:relative;padding-top:56.25%;" class="rm-shortcode" data-rm-shortcode-id="e7bb2683314ede849919cd30d57c4099"><iframe lazy-loadable="true" src="https://www.youtube.com/embed/ZOlPoYDVYwk?rel=0" width="100%" height="auto" frameborder="0" scrolling="no" style="position:absolute;top:0;left:0;width:100%;height:100%;"></iframe></span>
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Sam primarily covers entertainment and media for dot.LA. Previously he was Marjorie Deane Fellow at The Economist, where he wrote for the business and finance sections of the print edition. He has also worked at the XPRIZE Foundation, U.S. Government Accountability Office, KCRW, and MLB Advanced Media (now Disney Streaming Services). He holds an MBA from UCLA Anderson, an MPP from UCLA Luskin and a BA in History from University of Michigan. Email him at samblake@dot.LA and find him on Twitter @hisamblake
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