Amazon Tightens Deal with Media and Leisure With MGM Deal

Hollywood has spent the last week imagining how Amazon will integrate MGM after the acquisition of the legendary studio, valued at $ 8.5 billion, is completed.

Has Amazon Paid Too Much? What is the fate of MGM film director Michael De Luca? How much will MGM TV boss Mark Burnett put into sales? (The answer: enough to bring his total revenue from multiple sales of his production banner to nearly $ 1 billion.)

The forward-looking question, however, is how Amazon can change once MGM is launched Jeff Bezos‘huge tent of e-commerce, web hosting services and media.

As the details of the MGM deal emerged, speculation also surfaced about Amazon’s long-term plans. Sources close to the situation say there have even been discussions about Amazon eventually spinning off the Prime Video and Amazon Studios units into a standalone entity. However, Amazon sources deny this.

Jeff BlackburnThe return from Amazon to Amazon earlier this month has been interpreted as a sign of impending movement for the device. Blackburn, the Amazon veteran credited with building the company, was on sabbatical for most of 2020, then quit in February. But on May 13, two weeks before the MGM acquisition was announced, Amazon surprised the business world by announcing that Blackburn would once again serve as senior VP of the newly created Global Media and Entertainment unit.

Amazon is already in the middle of a management change, as Bezos is handing over the CEO position to Andy Jassy, ​​the long-standing head of the highly profitable Amazon Web Services division, on July 5th.

Industry sources say Amazon’s top bosses are increasingly paying attention to the regulatory environment in the US and Europe. There is concern among all big tech firms that Amazon, Apple, Google, and Facebook are being viewed as prime targets for breakup efforts, much like how Microsoft fought in the 1990s and early 2000s. The Global Media and Entertainment unit also hosts Audible, Twitch, Amazon Music, and Amazon Games.

Negotiations on the deal, which includes approximately $ 2 billion in MGM debt, have come together quietly for the past nine months or so. Insiders say the majority of the conversation was over phone and video conferencing between Mike Hopkins, Amazon’s senior VP of Prime Video and Studios, and Kevin Ulrich, CEO of Anchorage Capital Group, the mutual fund that was the majority owner of MGM.

Conversations focused solely on the price tag for sale. Decisions about the fate of MGM’s executives and how the studio itself will operate within Amazon Studios’ infrastructure were not addressed. That sparked a tussle between key players like De Luca, Burnett and Amazon Studios director Jennifer Salke, who is now overseeing an original content budget of nearly $ 8 billion, immediately after the announcement. Amazon insiders say they are not considering a scenario that would lead to major changes for Salke.

The only certainty at this stage is that Burnett is poised to come out of the sale with an estimated profit of approximately $ 200 million. He and his wife and business partner Roma Downey were the third largest shareholders in MGM behind Ulrichs Anchorage and Highland Capital Management. The two sold their One Three Media production banner (a joint venture with Hearst) to MGM in two transactions in 2014 and 2015, valued the company at $ 650 million. In 2015, the couple received more than half of their second payout in MGM shares instead of cash. That turned out to be a good bet on sales of $ 8.5 billion.

Ulrich fired former MGM chairman Gary Barber in 2018 after attempting to orchestrate the sale of the studio to Apple for $ 6 billion. At the time, Ulrich was the subject of industrial giggles that he didn’t want to forego red carpets in his entrée, with A-lists and other trappings of Hollywood mogulship.

Sources who worked with the hedge fund manager say he always focused on leaving MGM – at the right time and at the right price. Ulrich’s confidence in MGM’s appeal to buyers as the streaming wars began to rage has been proven by all of the things MGM has not done in the past two years.

MGM has chosen not to open its vault for content licenses or reboots. It did not search its library to develop traits attached to characters in such well-known titles as “Rocky”, “The Pink Panther”, “Legally Blonde”, “Four Weddings and a Funeral”, “RoboCop” and “The Graduate.” “are bound.”

MGM’s revenue could easily have been replenished through content deals for marquee titles. But that would also have locked those assets in the short term with films and television series that would be committed to competing platforms. Part of MGM’s appeal to Amazon was that much of its library has yet to be dismantled for new content offerings. In fact, a source close to the situation says that the greatest asset Amazon is gaining from the deal is not the library per se, but the key to an intellectual property vault that has potential far beyond the existing one Goes beyond MGM’s list of 4,000 films and 17,000 TV episodes.

The James Bond franchise is, of course, the huge exception as it is jointly owned with Eon Prods. ‘ Barbara Broccoli and Michael G. Wilson, who retain their veto rights against the use of Agent 007.

Even without the renowned spy, the abundance of material Amazon gets for its $ 8.5 billion will set the company apart from Netflix and Apple in the race to build global streaming media platforms.

“You only think Amazon paid too much for this deal if you have absolutely no imagination,” says a senior executive who is involved in the deal.

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FCC Adopts New International Sponsorship Identification Guidelines – Media, Telecoms, IT, Leisure

To print this article, all you need to do is be registered or log in to Mondaq.com.

At the end of April 2021, the Federal Communications Commission (FCC) enact new regulations that require broadcast programs sponsored or provided by a foreign government to include a disclosure statement stating the foreign government funding and the foreign country concerned. While US law prohibits foreign governments from directly owning broadcast licenses, there are no restrictions on their ability to enter into agreements with licensees to broadcast programs. Similar to the Foreign Agents Registration Act (FREE) The aim of the new FCC rules is to ensure that the public is informed when a foreign government tries to influence the US public. At the same time, the new regulations go beyond similar disclosure requirements in FARA and burden US broadcasters with considerable duties of care.

The new rules published on April 22nd, 2021 Report and order, comes into force 30 days after the date of publication in the Federal Register.

I. Disclosure Requirements for Foreign Governments and Their Agents

The FCC’s pre-disclosure requirements only required broadcasters to disclose the name (s) of the natural or legal person (s) who pay for or provide paid programming, including paid political programming. As discussed in detail below, the new regulations require disclosure when a foreign government agency directly or indirectly provides material for a broadcast, whether or not that material is paid for programming.

The FCC borrows key definitions from FARA and the Communications Act of 1934. When defining “foreign government agency,” the report and ordinance refer to FARA definitions of “foreign country government,” “foreign political party,” and “agent of a foreign “principal” if that agent is acting as the registered agent of the foreign government or foreign political party (defined in 22 USC §§ 611 (c) – (f)). The FCC also borrowed from FARA and determined that disclosure is required if the foreign principal is directly or indirectly operated, supervised, directed, owned, controlled, financed or subsidized by a foreign government.

The scope of the FCC disclosure rules is broader than that of FARA, and the report and regulation also extends the definition of foreign governmental entities beyond the boundaries of FARA to entities that would otherwise be exempt under FARA. In particular, it includes any entity or individual subject to Section 722 of the Communications Act and who has filed a report with the FCC. Section 722 applies to any US-based overseas media company that: (a) produces or distributes video programs broadcast or intended for broadcast to consumers in the United States by a multichannel video program distributor; and (b) an “agent of a foreign client ”, but for an exception in FARA.

II. Foreign programming requires disclosure if it is paid or political

The new rules apply to all agreements in which a broadcasting licensee makes a discrete block of airtime from his broadcaster available for programming to a foreign government agency in return for compensation. The rules also apply to political programs or programs in which controversial issues are discussed if the broadcast material was made available free of charge by a foreign government agency as an incentive to broadcast the program.

The FCC borrowed the definition of “political program” from the Communications Act, which defines it as any program “that seeks to convince or dissuade the American public about a particular political candidate or issue.” After deliberation, the FCC decided to keep this limited definition of policy programming rather than extending it to all programs of a foreign government agency. The FCC will determine on a case-by-case basis whether an issue is “controversial”.

The disclosure requirements of the new Report and Order focus on leasing contracts between a broadcaster and a third party and therefore do not apply to paid advertisements. However, paid advertisements are still subject to the existing sponsorship identification rules in 47 CFR
Section 73.1212 (f).

III. The broadcaster’s duty of care for new and existing agreements

As this is likely to be a significant burden for broadcasters, the responsibility for disclosure rests with the licensee. In particular, a broadcaster licensee must exercise “reasonable care” to determine whether a foreign sponsorship card is required.

Appropriate care is required of the licensee:

  1. Inform the tenant at the time of the conclusion of the contract and each time the disclosure obligation for foreign sponsorship is extended;
  2. At the time of contract signing and renewal, ask the tenant whether they fall into one of the categories that qualify them as a “Foreign Government Establishment”;
  3. At the time of the agreement and upon renewal, ask the renter if they know if anyone further up the production or distribution chain of the program is (a) qualified as a foreign government agency, and (b) has provided some type of incentive to broadcast the program Has;
  4. If the renter does not indicate that they fall into any of the covered categories, the broadcaster licensee must independently confirm the status of the renter at the time of contract signing and renewal by consulting the FARA website of the Department of Justice and the FCC’s semi-annual US -based foreign media reports and searches for the tenant’s name; and
  5. Document the inquiries and investigations listed above to track compliance.

Appropriate care is required not only with the initial agreement, but also with each renewal. In addition, because the status of a lessee may change during the course of an agreement, the report and order encourages licensees to include in all leases a provision requiring a lessee to discourage any change in status that would trigger the foreign sponsorship identification rules, Report to .

The new requirements for appropriate due diligence will place an additional burden on broadcasters, both on a prospective basis and on existing rental agreements. Current rental agreements must comply with the new regulations, including performing reasonable care within six months of the regulations coming into force.

IV. Disclosure Obligations

The report and order contains the standard language broadcasters must use when disclosure is required. For television programs, disclosure must be in letters of at least four percent of the vertical picture height and be visible for at least four seconds. In the case of broadcasts, the disclosure must be audible. Broadcasters must disclose at the beginning and at the end of a broadcast, unless the broadcast lasts less than five minutes, in which case disclosure at the beginning of the broadcast is sufficient. If a broadcast lasts longer than an hour, broadcasters must provide information at regular intervals and at least once an hour throughout the broadcast.

The required language broadcasters must use is:

The [following/preceding] Programming was [sponsored, paid
for, or furnished,] in whole or in part, by [name of foreign
governmental entity] in the name of [name of foreign
country].

The new disclosure requirements appear to be more demanding than FARA, but if the licensee is also subject to FARA, FARA’s labeling requirements will meet the new requirements, provided the FARA label includes the name of the country of the foreign government agency and complies with the frequency requirements described above.

In addition to the broadcast disclosures, the report and order requires broadcasters subject to these disclosure requirements to make copies of the disclosures in their online public inspection file (OPIF). The disclosures must remain in a folder labeled “Foreign-Government Provided Programming Disclosures”. The information stored in the OPIF must contain the actual disclosure as well as the date and time the program was broadcast. If the program was broadcast more than once, the broadcasters must add each additional date and time to the OPIF. Broadcasters are required to update their OPIFs at least quarterly and there is a two year retention period for disclosures related to the report and the order.

The FCC’s new rules are likely the result of congressional pressure on the FCC to act in this area, and they reflect the increasing scrutiny of the US government’s efforts by foreign governments to influence the American public. Similarly, the Department of Justice has sought to more aggressively enforce FARA’s registration and disclosure requirements for foreign media outlets and US companies that broadcast or disseminate information in the United States on behalf of foreign governments. This is evidenced by the issuance of several letters of assessment by the DOJ-FARA entity in the past three years, which require FARA registration of certain foreign media companies, including CGTN America, RIA Global, RM broadcasting, and Xinhua News. In this way, the report and regulation add to the complexity of an already overcrowded regulatory field related to foreign influence and add detailed disclosure requirements that overlap but are not identical to analogous requirements in FARA. It is also crucial that broadcasters have a substantial and sustained duty of care.

Due to the generality of this update, the information provided herein may not be applicable in all situations and should not be implemented in certain situations without specific legal advice.

© Morrison & Foerster LLP. All rights reserved

Digital Summit on AAPI Illustration in Leisure and Media

Immortal Studios will host a free virtual summit entitled “Reinforcing AAPI Representation in Entertainment and Media: Our Faces, Our Stories, Our Time” on Wednesday, May 26th from 9:30 am to 3:00 pm PST to celebrate Asia-Pacific-American Heritage Month.

Director Jon M. Chu and Senator Mazie Hirono

Partners: Los Angeles Times, NextShark and CAPE (Coalition of Asian Pacifics in Entertainment).

To register, go to www.aapisummit.com

This unique event brings together prominent AAPI storytellers, industry executives, technical innovators and elected officials. By creating conversations with this diverse group and connecting them with the public, the goal is to share ideas, raise awareness, and influence how entertainment is produced and how media cover AAPIs – resulting in AAPIs in adequately presented to an unprecedented level.

The speakers include:

Chris Argentieri, President / COO of the Los Angeles Times

Sewell Chan, Editorial Page Editor, Los Angeles Times

Jon M. Chu, Director of “Crazy Rich Asians”, “In the Heights”

Wenda Fong, producer, CAPE co-founder

It is. Mazie Hirono from Hawaii

Kelly Hu, actor, “Finding Ohana”, “X-Men 2”, “The Scorpion King”

Tasha Huo, writer, “Red Sonja”, “Tomb Raider” (animated), “The Adept”

Bill Imada, Chairman / Chief Connectivity Officer of the IW Group

Christina M. Kim, executive producer of “Kung Fu”

Patrick Lee, co-founder of Rotten Tomatoes

Rep. Ted Lieu from California

Richard Lui, news anchor, MSNBC

Benny Luo, founder of NextShark

Andrew Ooi, CEO of Echelon Talent Management

Pat Shah, Head of Content Collection and Development, Audible

Sanjay Sharma, Founder / CEO of Marginal Mediaworks

Peter Shiao, Founder / CEO, Immortal Studios

Celine Parreñas Shimizu, film scholar and filmmaker

Michelle Sugihara, General Manager, CAPE

Bill Wong, political advisor

Keywords

folks use social media to search out hospitals, drugs

A healthcare worker wearing personal protective equipment (PPE) looks after a Covid-19 patient at a Covid-19 care center set up in the Shehnai Banquet Hall and at Lok Nayak Jai Prakash Narayan Hospital (LNJP ), one of the largest COVID-19 institutions.

Naveen Sharma | SOPA pictures | LightRocket | Getty Images

As India’s devastating second wave of the coronavirus outbreak overwhelmed the healthcare system, desperate users turned to social media to seek help from the public as hospital beds and oxygen supplies became scarce.

People who need help for themselves or their relatives have made inquiries on websites like Twitter, Facebook, WhatsApp, and Instagram. Others gathered information about hospital bed availability, as well as contact details for oxygen cylinder providers and other scarce resources. In many cases, the efforts have helped save lives.

“Quite often we just hear one very dystopian social media narrative in which political polarization is increasing and causing deep levels of social harm,” said Apar Gupta, executive director of Internet Freedom Foundation, a digital freedom organization in India, told CNBC.

“But social media also has the potential to bring people together,” he said, explaining why it is important to fight for the right kind of incentive-based system design and algorithmic accountability when it comes to social media.

“I think this Covid disaster, which continues in India, shows the promise that social media can be used as a tool for organizing relief supplies and calling for greater political accountability at all levels – from our health officials to decision-makers who Set budgets, “said Gupta.

Social media cannot replace the core responsibility of the state to help citizens in times of crisis.

Ankur bisen

Technopak consultant

#CovidSOS

Twitter hashtags like #CovidSOS and #CovidEmergency became popular with users searching for hospital beds, ventilators, and oxygen bottles. The retweet feature helped expand their inquiries.

Strangers banded together to help each other through the unprecedented crisis.

Volunteers have gathered up-to-date information in Google Sheets, which is widely shared on social platforms.

Some set up websites Tracking the availability of vaccines while others created apps This has generated links to Twitter search that users can use to find Covid-19 resources in their cities. Many people also volunteered to prepare homemade meals for patients who were quarantined at home while others offered help with tasks such as grocery shopping.

For its part, Twitter added a Covid-19 resource page expand the visibility of information.

Social media influencers, celebrities, and politicians also participated in the crowdsourcing effort. Some of them helped organize beds and oxygen bottles as India’s daily caseload rose in April and early May.

Although Twitter has become the most visible social media platform in India’s crowdsourcing efforts due to its ability to amplify inquiries and tag influencers and politicians, Gupta said other platforms have been used extensively as well.

He said volunteers also came together in WhatsApp groups to focus on more detailed communities like housing associations and alumni groups. Gen-Z – or those born between 1996 and early 2010 – and younger millennials turned to Instagram, he said.

Daily cases in India have peaked at more than 414,000 new infections per day, which was reached on May 7th. However, experts say the virus is spreading in rural India, where health infrastructure is not prepared for unexpected surges.

On Twitter, which has a greater impact in the urban centers of India compared to rural areas, users have already started gathering resources and initiatives to respond to the outbreak in India’s countryside.

Deficiencies in the Indian health system

Users who turned to social media for help also reflected how ill-prepared the Indian health system was to respond to a sudden response Increase in cases. Growing case numbers and rising death tolls exposed the deep-seated problems that exist in the Indian health system after decades of neglect and underinvestment.

“Social media cannot replace the core responsibility of the state to help citizens in times of crisis,” Ankur Bisen, senior vice president of Indian management consultancy Technopak Advisors, told CNBC. It can only act as a complementary channel and not replace the core functions of the state such as disaster management and health care, he said.

Bisen added that in this case, social media is the only option for many as the other media are lacking – this only poorly reflects how central and state governments are struggling to cope with the Covid-19 crisis, he said .

“The state often has to deal with disasters and ensure that it communicates and comforts the citizens, that the state is watching their backs, which it has not done here,” Bisen said. He added that social media “is always a complementary medium and can never be the main driver in managing disasters”.

Gupta of the Internet Freedom Foundation said some of the volunteers had been threatened by the authorities for their informal and legal efforts.

Local media reported last month Some Covid-19 aid groups that provide hospital beds and oxygen information through messaging apps like WhatsApp, Discord and Telegram disbanded, while some online resource trackers were deleted.

Volunteers complained about police threats demanding their closure – but they did Police denied make such demands. In Uttar Pradesh it is BBC reported Police charged a man who tried Twitter to find oxygen for his dying grandfather.

India’s Supreme Court is said to have said There shouldn’t be a clampdown when people voice their complaints about issues like lack of oxygen and others on social platforms. It came after the federal government under new regulations, ordered social platforms to remove posts critical to dealing with the pandemic, according to the New York Times.

Social media fraud

Another unfortunate outcome was the spread of a black market for resourcesGupta said malicious actors on social media cheated on vulnerable people.

“While social media – Twitter in particular – has broadly mitigated the harmful effects of the current wave, I would say that it has actually saved lives, it has also shown that there is very little tolerance for opinion and expression Freedom of expression exists, “he said.

Additionally, “there are law and order issues that always arise due to social interaction … and certain participants may use them maliciously,” he added.

Gupta added that the efforts of the volunteer groups continue to this day, but state services have also caught up to some extent.

Jessica Simpson posts heartfelt tribute to Eric Johnson on social media | Leisure

Jessica Simpson celebrated 11 years with Eric Johnson through a heartfelt Instagram post.

The 40-year-old singer met Eric in May 2010, and the beloved duo that has Maxwell, nine, Ace, seven and Birdie, two tied the knot in Montecito, California in July 2014.

In addition to a black-and-white snapshot, Jessica wrote on the photo-sharing platform: “11 years of STARK … 11 hearts were filled every year with unconditional, passionate, inspired, fascinating, supportive, beautiful, tempting, adorable, exquisite, sublime , wonderful, honest, happy, adored, ideal, incomparable, powerful, mesmeric, LOVE. Our connected hearts are praised and celebrated on this random day. I knew that the night we met, the fate of you closed it has keys to my searching heart and just held my soul with love and honor. Then, now and for the rest of my life, I am wholly and always yours and you mine. (sic) “

Jessica described falling in love with Eric as the “greatest gift” of her life and her children as “perfect”.

The blonde beauty also wished her husband a happy anniversary in her heartfelt message.

Jessica, who was previously married to actor Nick Lachey between 2002 and 2006, wrote on Instagram: “It’s the greatest gift I’ll ever rest until the end of time to get access to your heart where I live Time flies, The perfect children you gave me are getting older, but with you and me there is no time because it only allows space to expand … to expand beyond the horizon just to love and be loved. Congratulations to us, the beauty of us is and forever. (sic) “

Rooster Soup for the Soul Leisure to Take part in J.P. Morgan 49th Annual World Expertise, Media and Communications Digital Convention

Bloomberg

Ladbrokes parents go from prey to hunter in the casino merger boom

(Bloomberg) – Entain Plc, the owner of Ladbrokes betting shops, is considering making an offer on some of William Hill’s assets just months after a $ 11 billion unsolicited bid was rejected by MGM Resorts International. Andersen, who acquired the company in January, plans to investigate William Hill Plc’s assets for sale by Caesars Entertainment Inc. outside the US, including well-known UK real estate. “We’re looking at everything, so we are certainly also looking into whether this could be an interesting opportunity,” she said in a recent interview. A deal would cause massive consolidation in UK betting shops, in which Entain already has a 40% stake. Bloomberg reported last year that the company was also interested in buying William Hill’s non-U.S. Assets under a previous CEO. The global online gaming market is expected to grow in double digits to as much as 158 billion US dollars annually through 2028. This has sparked a global race of casino operators, sports team owners, media companies, and private equity firms looking to build a strong position in the fast-growing business. In January, UK bookmakers Ladbrokes and Coral’s parent company declined MGM’s offer for being too low and named Nygaard-Andersen, an existing board member, as CEO. “I don’t know if you should say exciting, but it was a busy Christmas and part of January,” said Nygaard-Andersen, 52. In April, Entain took control of Enlabs AB, a Swedish online betting company with a large presence in the Baltic States. According to Bloomberg data, the total volume of completed or pending casino deals has increased 33% this year to $ 22 billion. Notable transactions include the merger between Bally’s Corp. and Gamesys Group Plc as well as the acquisition of the Venetian by Apollo Global Management Inc. in Las Vegas. Nygaard-Andersen, whose most recent experience includes running esports teams and tournaments, sees a convergence between online betting and other forms of digital entertainment such as video games. She talks about how games like Take-Two Interactive Software Inc.’s Grand Theft Auto could potentially add a real casino or increase the chances of wagering on Fortnite tournaments. But that’s still down the street. Currently, Nygaard-Andersen and her Deputy CEO and Chief Financial Officer Rob Wood are reviewing deals around the world. April Deal William Hill agreed in April to be acquired by Las Vegas-based Caesars, its sports betting partner, for $ 4 billion in the US Caesars has announced that it will sell its assets outside the US within 12 months to remove debt of $ 2 billion. These companies accounted for more than 80% of William Hill’s sales last year, according to a public filing. The auction is expected to start in about two weeks, and Caesars’ preferred approach is to sell all of the assets together, said a person familiar with the matter. Chad Beynon, an analyst at Macquarie Securities, estimates it is worth about $ 2.5 billion. One hurdle for Entain could be regulatory, said Nygaard-Andersen. Working with William Hill would give the company a large share of the UK market. Caesars did not respond to a request for comment. Apollo, who lost to Caesars in the takeover of William Hill, is also interested in bidding on the non-bidders. US assets and possibly the leading candidate, according to those familiar with the matter. Apollo is also bidding against Entain for the Tabcorp assets. Apollo declined to comment. Other private equity firms may be interested, including CVC Capital Partners, who declined to comment. Blackstone Group Inc. considered doing so, but decided against pursuing the property, according to a person familiar with the company’s thinking. Similar strategy Flutter Entertainment Plc, owner of Paddy Power betting shops in Ireland and the FanDuel brand in the US, outlined a similar position “I don’t think we would acquire a very large number of stores, but we are always interested in our presence in retail, “said Peter Jackson, chief executive officer. “If there were customer databases or other things that we could acquire in European markets, we would look at that.” Another potential candidate for William Hill’s deals is Fred Done, the owner of Betfred, a competing bookmaker who owned approximately 6% of the shares in William Hill prior to the Caesars deal. A representative said he was still considering his position. Nygaard-Andersen, the first woman to run a UK-listed betting company, was unaffected by competition or the challenges of a William Hill deal. And the company still has its online betting company in the US with MGM. The two companies have invested roughly $ 500 million in a company that could now be worth more than $ 10 billion. “We have a variety of options,” said Nygaard-Andersen. “So let’s see.” You can find more stories like this on bloomberg.com. Sign up now to stay up to date with the most trusted business news source. © 2021 Bloomberg LP

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TipRanks

3 trading stocks at rock bottom; Analysts say “buy”

Investing is all about profits, and part of generating profit is knowing when to start the game. The old saying goes that one should buy cheap and sell high, and while it is tempting to simply devalue such clichés, they have passed into the common currency because they embody a fundamental truth. Buying low is always a good place to start when building a portfolio. The trick, however, is to identify the right stocks to buy cheap. Prices fall for a reason, and sometimes that reason is a fundamental obscurity. Fortunately, Wall Streets analysts are busy separating the chaff among the market’s cheap stocks, and some top stock pundits have flagged multiple stocks for big gains. We used the TipRanks database to pull up the data and ratings for three stocks that are currently cheap but may be looking to make a profit. They have received positive reviews and, despite their stock devaluation, hold buy ratings and have an upside potential of over 80%. Vapotherm, Inc. (VAPO) First off, Vapotherm is a medical device manufacturer specializing in high flow, heated, humidified nasal cannulas. These are therapeutic breathing aids with which oxygen-containing air can be delivered directly to the patient’s nose. By heating and humidifying the air, the unpleasant release of dry oxygen is reduced. As expected, Vapotherm has seen heavy sales during a respiratory disease pandemic in recent months – but its share price has been pulling back since early February. Paradoxically, the two events are related. First, Vapotherm’s financial results for the first quarter of 21 were positive. The company’s revenue increased 69% year over year to $ 32.3 million, and Precision Flow base unit installations worldwide increased 73% over the same period. The company’s net loss for the quarter of $ 5.2 million was an improvement on a loss of $ 10.2 million for the year-ago quarter. On the negative side, VAPO shares have fallen from their high in early February. The decline is substantial; The stock has fallen 50% since its peak and is down 34% since the start of the year. The decline in the stock’s value reflects concerns that the company’s flagship is oversold and that customers have bought more equipment than would be needed in normal times for fear of COVID-related respiratory distress. Such is the case of Piper Sandler analyst Jason Bednar. “Stocks have fared significantly worse since early February as many investors questioned the bolus usage dynamics from Precision Flow systems sold to hospitals last year. We understand the logic here, especially for investors with a shorter time horizon, but with a lot of that concern is apparently already being reflected in the stock at current levels. We believe the upside opportunity far outweighs the risk of further downtrend, ”commented Bednar. The analyst added, “We also believe that investors waiting for occupancy trends to bottom out will ultimately miss an initial surge that could occur if HVT 2.0 makes a contribution with a rollout later this year and the market for HVT 2.0 expands to take a clearer shape in 2022 (especially EMS and home care). “To that end, Bednar rates VAPO as overweight (i.e. buy) and its target price of $ 32 implies a robust uptrend of 81% im next year. (To see Bednar’s track record, click here.) Overall, Strong Buy’s unanimous consensus rating for this stock, backed by 4 recent analyst reviews, makes it clear that Bednar is not alone in its bullish view. The average price target here, USD 39, is even more optimistic and indicates an upward movement of ~ 122% from the current trading price of USD 17.65. (See VAPO stock analysis on TipRanks) Emergent Biosolutions (EBS) The next stock we look at, Emergent, is a biopharmaceutical company. The company has several products on the market, including a NARCAN nasal spray for use in patients with opioid overdose and vaccines for smallpox, anthrax and other diseases. Emergent’s development pipeline includes the pediatric cholera vaccine Vaxchora, which is currently in a Phase III study. Several programs, including an anthrax vaccine candidate, a chikungunya vaccine, and a seasonal flu shot, have completed Phase II and are preparing for Phase III. One of Emergent’s key programs is the contract development and manufacturing service, which is being extended to other pharmaceutical companies to manufacture vaccines they have developed. Emergent is part of Johnson & Johnson’s production chain for a COVID-19 vaccine as part of a CDMO plan. The latter is an important point. The J&J vaccine has been linked, at least in some reports, to serious adverse events, particularly blood clots in otherwise healthy recipients. This has resulted in a delay in the manufacture of the vaccine and, consequently, a delay in receiving payments from J&J. This in turn impacted the company’s financials in Q1 21, resulting in lower than expected sales and earnings. Investors are concerned, and the stock is down 33% since the start of the year. Despite the setback, benchmark analyst Robert Wasserman retains a buy rating for EBS shares and a price target of $ 120. If this is correct, the analyst’s target could be an annual return of 101%. (To see Wasserman’s track record, click here.) “EBS remains solidly profitable and, despite lowered expectations for J&N and AZ vaccine deals, expect solid sales growth this year. These stocks remain a bargain on our CDMO / Bioprocessing and could offer value investors a significant upward trend if circumstances change or new business can be made at short notice, “said Wasserman. Overall, the street currently has a cautiously bullish outlook for the stock. The analyst consensus rates EBS as a moderate buy based on 3 buys and 2 holds. The stock is priced at $ 59.59, and the average target price of $ 89.67 suggests upside potential of ~ 50% over the next 12 months. (See EBS stock analysis at TipRanks) Haemonetics Corporation (HAE) For the last stock on our list, we stick with the medical industry. Haemonetics manufactures a range of blood and plasma collection and separation products, software for machine operation and service contracts for maintenance. In short, Haemonetics is a single point of contact for blood donation centers and hospital blood banks. Blood products are a $ 10.5 billion market in the US alone, accounting for 80% of plasma, and Haemonetics has become an integral part of that business. Haemonetics steadily recovered from a decline in sales at the height of the corona crisis, and third quarter fiscal 2021 earnings showed solid results: sales of $ 240 million and earnings per share of 62 cents. While sales fell 7.3% year over year, earnings per share rose 6.8%. Even so, the stock fell sharply between April 15 and April 20, losing 42% of its value in that short time. The reason was simple. One of Haemonetics’ largest customers, CSL Pharma, announced that it has no plans to renew its contract with HAE. This contract for the supply, use and maintenance of Haemonetics’ PCS2 plasma collection system was valued at US $ 117 million and represented approximately 12% of the company’s sales. The cancellation comes with a one-time charge of $ 32 million for other related losses. Fortunately for HAE, the CSL contract doesn’t expire until June 2022, so the company has time to plan and prepare. Analyst David Turkaly reported on JMP Securities: “The announcement gives HAE some time (~ 15 months) to prepare for the expiry and we find that management is consistently strengthening its financial position through levers such as complexity reduction and product has optimization to make significant cost savings, and more of these will likely be used up-front to make up for customer loss. The analyst continued, “While this disappointing decision could affect HAE’s plasma positioning with other fractionators, we continue to believe that giving customers the ability to collect more plasma in less time – and having HAE is a very compelling value proposition.” still contracts and maintains a significant market. Share with many of the major plasma players. ”Accordingly, Turkaly rates HAE as outperforming (ie buying) with a target price of $ 110. This number implies an upward movement of 86% from the current level. (To see Turkaly’s track record, click here.) Overall, HAE has a consensus rating for moderate buying, based on 7 ratings breaking down 5 to 2 in favor of buying across the holds. The stock trades for $ 59.02 and has an average target price of $ 108.67, which is an uptrend of ~ 84% for a year. (See HAE stock analysis at TipRanks.) To find great ideas for trading stocks at attractive valuations, visit TipRanks ‘Best Stocks to Buy, a newly launched tool that brings together all of TipRanks’ stock insights. Disclaimer: The opinions expressed in this article are solely those of the presented analysts. The content is intended to be used for informational purposes only. It is very important that you do your own analysis before making any investment.

Each day Horoscope AstrologyZone® by Susan Miller Honored with Finest Leisure App Award from the 13th Annual Media Excellence Awards

Bloomberg

Die Biden-Steuerregel würde beim Tod Milliarden von großen Vermögen abreißen

(Bloomberg) – Jeff Bezos hat eine Ex-Frau, eine Freundin, vier Kinder und Milliarden von Gründen, um zu prüfen, ob die Steuerrevision von Joe Biden die Zustimmung des Kongresses erhält. Die Erben des Gründers von Amazon.com Inc. müssen möglicherweise mehr als 36 Milliarden US-Dollar zahlen, wenn Dem Präsidenten gelingt es, eine Lücke zu schließen, die den Reichen hilft, einen Großteil ihres Vermögens beim Tod steuerfrei zu übertragen. Wer nach den geltenden Regeln die 1994 für 10.000 US-Dollar gekauften Amazon-Aktien von Bezos erbt, die heute 180 Milliarden US-Dollar wert sind, erhält einen sogenannten Schritt -auf der Basis, alle Kapitalertragsteuerschuld auszulöschen. Bidens Plan würde diese Lücke schließen und die höchste Kapitalertragssteuer sofort anwenden, wenn Vermögenswerte an wohlhabende Erben übertragen werden. Wenn sich der Steuersatz erhöht – er beträgt 20% für Beteiligungen wie die von Bezos, und Biden hat eine Erhöhung auf 39,6% gefordert -, würde sich auch die eventuelle Steuerbelastung erhöhen. Für Bill und Melinda Gates, die am Montag bekannt gaben, dass sie sich scheiden lassen würden, a Eine Änderung der Aufstockungsregel ist möglicherweise weniger kostspielig. Das Vermögen von Gates im Wert von 145,8 Milliarden US-Dollar ist älter und sie haben bereits einen Großteil ihrer Anteile an Microsoft Corp. verkauft oder gespendet. Aber es bleiben 26 Milliarden US-Dollar an Microsoft-Aktien übrig, und es ist nicht klar, wie das Paar sein Vermögen verwalten wird Der Kongress schätzt, dass die Erhöhung der Steuerbasis für geerbte Vermögenswerte die Regierung jährlich etwa 43 Milliarden US-Dollar kostet. Die Beendigung dieser Praxis und die Erhöhung der Rate würden die größte Einschränkung des dynastischen Reichtums seit Jahrzehnten darstellen und eine amerikanische Wirtschaftslandschaft verändern, die von einigen wenigen wohlhabenden Familien dominiert wird. Ein Amazon-Sprecher antwortete nicht auf per E-Mail gestellte Fragen zu Bezos ‘Aktien. Lesen Sie mehr: Wie die Erhöhung der Erbschaftssteuern funktionieren würde: QuickTakeDie Vorschläge sind weit davon entfernt, zum Gesetz zu werden, obwohl die Demokraten beide Häuser des Kongresses kontrollieren, da sie die Reichen bedrohen Geber beider politischer Parteien, die sich gegen sie eingesetzt haben. Befürworter sagen jedoch, dass die Beseitigung der Aufstockungsregel, die den Nachlassplanern als die Lücke des Engels des Todes bekannt ist, entscheidend ist, um Bidens Vision von Steuergerechtigkeit zu verwirklichen. Andernfalls gehen die Ökonomen davon aus, dass die vorgeschlagene Erhöhung des höchsten Steuersatzes für Kapitalgewinne das Halten von Vermögenswerten bis zum Tod weiter fördern und die Einnahmen für das Finanzministerium verringern würde. Die Aufstockungsregel ermöglicht es den Anlegern, Vermögenswerte praktisch steuerfrei an Erben weiterzugeben und den Steuerpflichtigen zu erhöhen Wert einer Immobilie zum beizulegenden Zeitwert zum Zeitpunkt ihrer Vererbung. Ein Begünstigter, der ein Haus im Wert von 1 Million US-Dollar erbt, das zwei Jahrzehnte zuvor für 100.000 US-Dollar gekauft wurde, hätte keine Kapitalgewinne. Wenn sie später für 1,5 Millionen Dollar verkauft, zahlt sie nur Steuern auf 500.000 Dollar. Die Regel gilt auch für Amazon-Aktien, die seit einem öffentlichen Angebot von 1997 um mehr als 200.000% gestiegen sind, sowie für andere geschätzte Vermögenswerte. Der Joint Committee on Taxation, ein unparteiischer Zweig des Kongresses, schätzt, dass unversteuerte Kapitalgewinne aus geerbten Vermögenswerten anfallen die Hunderte von Milliarden Dollar pro Jahr. Etwa die Hälfte der nicht realisierten Gewinne gehört laut einer Datenanalyse in der Umfrage des Federal Reserve Board zu den Verbraucherfinanzen zu den reichsten 1%. Und nicht realisierte und aufgelaufene Kapitalgewinne machen etwa 40% des Vermögens der obersten 1% aus, wie die Fed-Daten zeigen. Die Aufstockungsregel wurde als staatlich subventionierter Motor zur Anhäufung dynastischer Vermögen und als Grund für die Ausweitung der wirtschaftlichen Ungleichheit kritisiert . Sogar einige prominente Nachlassplaner sagen, dass die Bestimmung, die vor einem Jahrhundert erlassen wurde, um Doppelbesteuerung zu vermeiden, als die Nachlasssteuer nur wenige Befreiungen hatte, diesen ursprünglichen Zweck überlebt hat. Die Anwälte der Milliardäre haben ausgefeilte Strategien entwickelt, um die Nachlasssteuer zu umgehen die Aufstockungszulage ein unlegierter Segen. “Es ist eine enorme Lücke”, sagte Jonathan Blattmachr, Anwalt für Treuhand- und Immobilienrecht und leitender Berater bei Pioneer Wealth Partners, einer Finanzberatungsfirma für vermögende Kunden und Family Offices. Republikaner und einige Unternehmensverbände haben den Biden-Vorschlag kritisiert. Eine Studie von Ernst & Young, die von der Family Business Estate Tax Coalition in Auftrag gegeben wurde, prognostizierte, dass die Abschaffung der Aufstockungsregel Zehntausende von Arbeitsplätzen pro Jahr kosten und 10 Milliarden US-Dollar vom jährlichen Bruttoinlandsprodukt einsparen könnte Vermeiden Sie es von den Ultra-Reichen, die sich eine ausgefeilte Nachlassplanung leisten können, und fallen Sie stattdessen auf kleine Unternehmen und Familienbetriebe, die möglicherweise verkauft werden müssen, um Steuerrechnungen zu bezahlen Das Land verlangt möglicherweise von Familien, Unternehmen zu liquidieren, Vermögenswerte zu nutzen oder Mitarbeiter zu entlassen, um den Steuerschaden zu decken “, sagte Chris Netram, Vizepräsident für Steuer- und Innenwirtschaftspolitik bei der National Association of Manufacturers, der die Steuer von Präsident Donald Trump für 2017 unterstützte Der Plan von Biden ging auf einige dieser Bedenken ein, indem er die ersten 1 Million US-Dollar an ererbten geschätzten Vermögenswerten von den Kapitalertragssteuern verschonte und Familienbetriebe von der Steuer befreit. a und kleine Unternehmen in Fällen, in denen Erben sie weiterhin betreiben. Der Plan wurde von Progressiven begrüßt, die seit langem ein Ende der Vorzugsbehandlung von Kapitalgewinnen fordern. Frank Clemente, Exekutivdirektor von Americans for Tax Fairness, einer mit Gewerkschaften verbündeten Interessenvertretung, sagte, die Kluft zwischen Steuern auf Arbeit und Kapital sei grundsätzlich unfair und der Plan der Regierung ziele einfach darauf ab, „Wohlstand wie Arbeit zu besteuern“. „Unsere zweistufige Das Steuergesetzbuch mit einem Gesetzbuch für Amerikaner der Arbeiterklasse und einem weiteren Gesetzbuch für Sonderpausen für die Menschen an der Spitze hat das Vertrauen der Öffentlichkeit in unsere Steuerstruktur zerstört, das festgelegt werden muss “, sagte der New Jersey-Demokrat Bill Pascrell, Vorsitzender der Unterausschuss für Wege und Mittel des Hauses zur Aufsicht. “Diese Lücke ist eine der Hauptursachen für ein kaputtes System.” Eine Version von Bidens Plan wurde 2015 von Präsident Barack Obama veröffentlicht, starb jedoch auf einem von Republikanern kontrollierten Kongress. Jede wesentliche Änderung der Aufstockungsregel könnte sich ändern Finanzplanung für die reichsten Familien Amerikas, einschließlich der Techniken, mit denen sie jahrzehntelang keine Kapitalgewinne erzielen. „Inwieweit es möglich ist, die Politik zu umgehen, ist dies größtenteils eine politische Entscheidung“, sagte Chye-Ching Huang. Geschäftsführer des Tax Law Center an der New York University School of Law. „Es gibt Möglichkeiten, dies zu entwerfen und umzusetzen, damit keine großen, ineffizienten Steueroasen entstehen.“ Derzeit können wohlhabende Menschen, die Bargeld benötigen, Kredite aufnehmen, indem sie Aktien als Sicherheit verwenden, anstatt Aktien zu verkaufen, was eine Steuerbelastung auslösen würde . Die Technik ermöglicht es Milliardären, ihren Lebensstil zu finanzieren und dann ihr Vermögen an ihre Erben weiterzugeben, ohne jemals Kapitalgewinne zu realisieren. Larry Ellison, der Gründer der Oracle Corp., der 2012 Hawaiis sechstgrößte Insel kaufte, hatte Aktien in Höhe von 17,5 Milliarden US-Dollar für solche Kredite zugesagt Ab September zeigen Zahlen in einer Unternehmensangabe. Die Strategie wurde auch von Elon Musk, dem zweitreichsten Menschen der Welt, und Sumner Redstone, dem ehemaligen Vorsitzenden von Viacom Inc., der im August verstorben ist, angewendet. Wenn sich die Aufstockungsregel ändert, werden Kapitalertragssteuern auf das Vermögen dieser Milliardäre durch den Tod ausgelöst. Als der Mitbegründer von Apple Inc., Steve Jobs, 2011 starb, war sein Vermögen von 10 Milliarden US-Dollar im Vergleich zu den heutigen Tech-Milliardären relativ dürftig. Eine Aufstockung der Basis erwies sich dennoch als wertvoll. Die größte Beteiligung von Jobs war Walt Disney Co., die ihm im Zusammenhang mit dem Kauf von Pixar im Jahr 2006 Anteile einbrachte, das das Animationsstudio Jobs zwei Jahrzehnte zuvor vom Filmemacher George Lucas gekauft hatte. Als Jobs starb, waren seine Disney-Aktien 4,5 Milliarden US-Dollar wert, und seine Apple-Aktien, die aus einer Aktienzuteilung von 2003 stammten, hatten einen Wert von etwa 2,1 Milliarden US-Dollar. Zwischen den beiden Beteiligungen gab es mindestens 5 Milliarden US-Dollar an unversteuerten Kapitalgewinnen bei der Zum Zeitpunkt seines Todes, was bedeutet, dass die Erhöhung der Basis seiner Familie mehr als 750 Millionen US-Dollar an Steuern hätte ersparen können, wie eine Überprüfung der Unternehmensakten zeigt. Das Vermögen von Jobs ging an seine Frau Laurene Powell Jobs über, deren Vermögen seitdem auf 22 Milliarden US-Dollar angewachsen ist. Damit ist sie laut Bloomberg Billionaires Index die 80. reichste Person der Welt. Eine Sprecherin von Laurene Powell Jobs, die Apple-Aktien bei geerbt hätte Die reichsten Familien des Landes haben in den letzten Jahren Millionen von Dollar für die Lobbyarbeit im Kongress ausgegeben, um Versuche, die Steuern auf ererbtes Vermögen zu erhöhen, zu stumpfen, und diese Bemühungen haben sich oft ausgezahlt Die Familie Mars, die ein Imperium für die Pflege von Süßigkeiten und Haustieren aufbaute, leitete den Kampf gegen die Nachlasssteuer während der Präsidentschaft von George W. Bush und setzte sich laut Kongressaufzeichnungen seitdem gegen die Bemühungen zur Erhöhung der Steuern auf ererbtes Vermögen ein. Als Forrest Mars Jr. Als er 2016 starb, hinterließ er seinen Erben ein Vermögen von mehr als 25 Milliarden US-Dollar. Heute gehören laut Bloomberg-Index sechs Familienmitglieder zu den 500 reichsten Menschen der Welt und teilen sich ein Vermögen von mehr als 130 Milliarden US-Dollar. Ein Sprecher der Familie Mars lehnte eine Stellungnahme ab. Verwaltungsbeamte sagen, dass die Beibehaltung der Aufstockungsregel die Bemühungen untergraben würde, durch höhere Steuern auf Kapitalerträge mehr Einnahmen aus den Reichen zu erzielen. Eine Schätzung, die vom Penn Wharton Budget Model, einem überparteilichen Finanzmodell, veröffentlicht wurde Die politische Forschungsgruppe an der Wharton School der University of Pennsylvania stellte letzte Woche fest, dass eine Erhöhung der höchsten Kapitalgewinnrate auf 39,6% in den nächsten zehn Jahren neue Einnahmen in Höhe von 113 Mrd. USD bringen würde – allerdings nur, wenn die Erhöhung der Basis stark eingeschränkt ist. Wenn die Politik unverändert bleibt, würde eine Erhöhung der Kapitalgewinnrate wohlhabendere Menschen dazu motivieren, den Verkauf von Vermögenswerten vor ihrem Tod zu vermeiden, was dem Finanzministerium über einen Zeitraum von 10 Jahren Einnahmeverluste in Höhe von 33 Milliarden US-Dollar kosten würde. Eine weitere Studie, die im Januar vom National Bureau of veröffentlicht wurde Laut Economic Research könnte eine Erhöhung der höchsten Kapitalgewinnrate mehr Einnahmen generieren als vom Kongress geschätzt, da die Eigentümer von Vermögenswerten weniger flexibel sind, wann sie Gewinne erzielen können. Das Eliminieren einer Erhöhung der Basis würde die Flexibilität weiter verringern, heißt es in der Studie: “Sie sagen mir, wenn ich die Rate effektiv verdopple und den Tod zu einem Erkenntnisereignis mache, werden Sie nicht viel Geld damit bekommen?” sagte Owen Zidar, Professor für Wirtschaft und öffentliche Ordnung an der Princeton University und einer der Autoren der Studie. „Ich kann das kaum glauben.“ Aber selbst wenn Bidens Plan angenommen wird, werden Steueranwälte und Wirtschaftsprüfer wahrscheinlich Wege finden, die Flexibilität durch Spenden für wohltätige Zwecke und neuartige Nachlassplanungsstrategien zu erhöhen. „Die Geschichte der Besteuerung reicher Menschen im Laufe der Geschichte ist, dass sie es sind wird immer Wege finden, um Steuern zu umgehen “, sagte John Ricco, Autor der Wharton-Studie. “Dies wird sicherlich die Vermeidungsmöglichkeiten einschränken – vielleicht nicht so sehr, wie die Befürworter des Biden-Vorschlags hoffen, aber es wird etwas Biss haben.” (Fügt einen Kommentar von Vertreter Bill Pascrell im 16. Absatz hinzu.) Für weitere Artikel wie diesen Besuchen Sie uns jetzt unter bloomberg.com. Melden Sie sich jetzt an, um mit der vertrauenswürdigsten Wirtschaftsnachrichtenquelle auf dem Laufenden zu bleiben. © 2021 Bloomberg LP

Prince Williams joins social media boycott to finish racism in soccer | Leisure

Prince William joins the social media boycott led by British footballers this weekend to respond to racism within the sport.

The Duke of Cambridge is the President of the British Football Association (FA) and has announced that he will use his platform to remain silent on social media with “the entire football community” over the weekend and raise awareness of “the ongoing abuse” to get hone online from players and many others in the football community ”.

William posted on Friday (04/30/21) on the KensingtonRoyal Twitter account, where he wrote: “As President of the FA, I am joining the entire football community in the social media boycott this weekend.”

He then published a picture of his tweet on Instagram, as well as a caption that explained the power failure in more detail.

The headline read: “This weekend we are joining the UK football community to join forces in a social media boycott from Friday April 30th 3pm through Monday May 3rd 11:59 pm the football community. “

William was active on social media this week as he celebrated his 10th wedding anniversary with his wife, Catherine, the Duchess of Cambridge.

The couple marked their special day with the unveiling of two new romantic photographs.

One picture – taken in the courtyard – was shared on social media, revealing that filming was “before” its 10th anniversary, while the other garden photo was labeled with bride and groom emojis.

William and Catherine later posted a video of themselves with their children – Prince George, seven and Louis (three) and Princess Charlotte (five) – as they thanked those who sent their good wishes.

They titled the video: “Thank you everyone for the kind news on our wedding day. We are very grateful for the 10 years of support we have received in our family life. W & C (sic) ”

AWS Launches New ‘Amazon Nimble Studio’ and ‘AWS for Media & Leisure’ Initiative

AWS announced the general availability of Amazon Nimble Studio, a new service that allows customers to set up a studio to produce content in hours instead of weeks. The elasticity gives them almost unlimited scalability and access to rendering on demand. With Amazon Nimble Studio, customers can quickly engage and collaborate with artists from anywhere in the world and produce content faster and more cheaply. Artists have access to accelerated virtual workstations, high-speed storage, and scalable rendering in AWS ‘global infrastructure so they can create content faster. There are no upfront fees or obligations to use Amazon Nimble Studioand customers only pay for the underlying AWS services they use.

To bring high quality visual effects, animation, and creative content to life, studios have historically relied on high-performance local workstations connected to shared file storage systems via low-latency local networks. The increased consumer appetite for premium content and experiences has resulted in increased demand for computationally intensive rendering of visual effects and animations. This ever-growing demand is causing content production studios to outbid their compute, network, and storage infrastructure for peak capacity, which is proving expensive, difficult to manage, and difficult to scale. For example, a typical animated feature film now generates 730 terabytes of data and up to half a billion files. This requires more than 150 million computational hours and the coordination of hundreds of artists and engineers. Consumer demand for more content has also meant studios needing to attract talent from around the world who then need powerful workstations, specialized software, and high-speed storage and networking. All of these limitations can lead to production delays, increased costs, and missed opportunities for content production studios.

Additionally, AWS announced AWS for Media & Entertainment, an initiative that will make it easier for industry customers to discover, implement, and deliver specially designed AWS features and partner solutions for their highest priority workloads. This enables them to create compelling content faster. Invent new customer experiences, expand direct-to-consumer offerings, and improve media supply chain efficiency. AWS for Media & Entertainment hosts the broadest and deepest industry-specific cloud capabilities, including purpose-built media and creative services, hardware, solutions, tools, and partners. AWS for Media & Entertainment also sets up dedicated resources in each industry solution area to help customers reduce time to value by leveraging in-house resources, AWS Professional Services, and 400+ industry-specific Independent Software Vendor (ISVs) partners and more than 100 system integrators (SIs).

With Amazon Nimble Studio, customers can create a new content production studio in just a few hours. The creative talent then has instant access to high-performance workstations powered by Amazon Elastic Compute Cloud (EC2) G4dn instances with NVIDIA Graphical Processing Units (GPUs), Amazon FSx shared file storage, and ultra-low latency streaming over the global AWS network become. Amazon Nimble Studio enables content production studios to start with as few resources as necessary, scale those resources when the needs are highest, and shut them down when projects are complete. Content production studios can take remote teams from all over the world on board and give them access to exactly the right amount of high-performance infrastructure for only as long as necessary – without having to procure, set up and manage local workstations, file systems and low sites -Latency- Network. Amazon Nimble Studio supports both Windows and Linux operating systems, so artists can work with their favorite third-party creative applications.

Studios can also use custom software applications and embed them into Amazon Nimble Studio via Amazon Machine Images (AMIs) for seamless migration from on-premises to cloud infrastructure. Amazon Nimble Studio is the latest AWS solution for media and entertainment customers. It is part of the AWS Thinkbox Deadline Render Management application as a core function to support content creation. Leading media and entertainment companies such as Discovery, Disney, EuroSport, Formula 1, FOX, HBO Max, Peacock and Weta Digital use specially engineered AWS solutions that enable content creators, rightsholders, producers and distributors to reinvent five key business areas in the industry can accelerate: content production, direct-to-consumer and over-the-top streaming (OTT), broadcast, media supply chain and archive as well as data science and analytics.

“Amazon Nimble Studio will change the way customers produce content using a cloud-based production pipeline,” said Amazon Kyle Roche, Head of Content Production Tech, AWS. “To date, studios have struggled to keep up with the ever-increasing demand for creative content, which has resulted in an exponential increase in the processing power required to create content – accelerating workstation obsolescence and storage and rendering capacity charged on site. We’re excited to introduce you to Amazon Nimble Studio, a new transformation service for the creative community built for the cloud to make producing the content consumers want to see much faster, easier, and less expensive. “

Amazon Nimble Studio is available today in six AWS Regions and AWS Local Zones: US East (N. Virginia), US West (Oregon), Canada (Central), Europe (London), Asia Pacific (Sydney), and US Local Zone (Los Angeles), further support for the region coming soon.

Anjekumi connects players and enables them to play games from anywhere in the world on next generation devices. “With Amazon Nimble Studio, we can focus on the creative outcome rather than the technical journey as it solves some key issues in our production pipeline,” said Kurt Rauer, CEO of Anjekumi. “Our business is global and with Amazon Nimble Studio we can involve creative people worldwide without the friction that comes with it.”

California State University is a public university system in California with 23 campuses. “As the largest public higher education system in the country, the California State University system prides itself on having an innovative mindset in media and entertainment education that empowers a majority minority and a diverse student population,” said Dina Ibrahim, executive director of San Francisco State University . “AWS is a perfect partner to find a way forward for our creative programs as we are looking to move more of our educational experience to the cloud in the near future. Solutions like Amazon Nimble Studio give our students easier, hands-on access to the latest tools in content creation technology that better position them for career success. “

Evil Eye Pictures is an Oscar and Emmy award winning animation, visual effects, and design studio based in San Francisco, CA. “We like to go beyond the traditional and rely on new technologies that support innovative storytelling,” he says Dan Rosen, Co-Founder and Executive Creative Director of Evil Eye Pictures. “By adding Amazon Nimble Studio to our arsenal, we can more easily scale projects and collaborate with the best talent no matter where they are.”

Shomen Productions is a virtual animation and VFX studio that uses a global talent pool to create branded content. “We believe that the future of production will consist of dispersed teams and agile studios. The geographical access to a provided talent pool is no longer an obstacle to creativity, ”he says James Bennett, Founder and Director of VFX & Animation, Shomen Productions. “With a production solution like Amazon Nimble Studio, your team can scale production resources at will and collaborate efficiently over long distances. The ability to work remotely with creatives scattered around the world as easily as if they were sitting next to you has tremendous power. We believe Amazon Nimble Studio will be as important to creative production as iTunes is to the music industry. “

Sinking Ship Entertainment is an Emmy award-winning production and new media company based in Toronto. “We have been watching the development of Amazon Nimble Studio with excitement and look forward to adding it to our workflow,” he says Shervin Shahidi, Director of Digital Transformation, Sinking Ship Entertainment. “It will add dynamic elasticity to our skills and allow us to expand our talent pool to include artists around the world.”

Spire Animation Studios is a new feature animation studio. “Spire Animation was founded to empower world-class creative and technical talent to create a variety of high-end animated entertainment for the global audience,” he says Brad Lewis, Co-Founder and Chief Creative Officer of Spire Animation Studios. “By leveraging next-generation technologies like Amazon Nimble Studio and real-time game engines, we are rethinking the process of content production even when our artists are not in the same location.”