Christopher Nolan’s epic has now grossed more than $289 million from IMAX screens alone (and over $1.1 billion in total), besting the $256 million lifetime IMAX gross of James Cameron’s Avatar. And releases in China and Japan are still to come. Yes, the format is worth it.
8
Verge Score
You gotta pay to play though.
Srini Gopalan in response to SpaceX saying it plans to “acquire quite a few” of T-Mobile, AT&T, and Verizon’s customers by turning Starlink dishes into tiny cellular base stations using the limited spectrum it acquired from EchoStar:
You’ve got to ask the question of ‘What is the gap in the market that they’re looking to serve? I always prefer starting these conversations back from the customer: Why would a customer buy a new cellular service? Where do they go? What’s their differentiation? It’s clearly not having a broad network.
[Financial Times]
Accell Group is the latest victim of Bikeaggedon: the turmoil created by soaring e-bike demand at the onset of covid, followed by a collapse of the supply chain, and then a period of massive oversupply.
The newly privatized company is now saddled with $18 billion of debt, with annual interest payments of about $1.8 billion. Big changes are coming to justify the deal.
It’s the first company to reach the audio streaming milestone, showing 9 precent year-over-year growth in premium subscribers. Monthly active users climbed to 777 million, up 12 percent since the same quarter last year.
The original satellite internet company “for rural America” has filed for bankruptcy after running out of cash and hemorrhaging subscribers to SpaceX. The service will continue to operate during proceedings, but will pivot away from consumers to focus on businesses and governments. It follows EchoStar’s Dish filing for chapter 11 protection in June.
Only 3,300 more lawsuits to go, all filed by minors claiming that TikTok, Instagram, YouTube, and Snapchat were designed to be addictive, resulting in harm to their mental health. The plaintiffs’ claims against Meta, Google, and Snap are still on track for a bellwether trial in October. The first case to reach trial resulted in a $4.2 million verdict against Meta and $1.8 million against Google.
