BUSINESS

Photo Credit: Disney

In the world of cinematic magic, not all spells cast a profitable enchantment. Disney’s animated feature ‘Wish’ serves as a testament to this reality, having conjured up a global box office of nearly $255 million. Despite this seemingly impressive figure, the film is labeled a financial disappointment, with a reported net loss of $131 million.

Photo Credit: Huawei

The US government has recently taken action to revoke certain licenses that permitted American chip manufacturers to export specific goods to the Chinese technology company Huawei. This decision comes in the wake of Huawei’s unveiling of an AI-enabled computer that utilizes a chip developed by Intel. The Department of Commerce, however, has not disclosed which specific licenses have been cancelled.

Photo Credit: Nissan Motor Corp

On Thursday, Nissan said it nearly doubled its full-year net profit in 2023-24 but forecast a dip of around 10 percent for the current financial year.

Photo Credit: Tik Tok

TikTok is taking legal action against the U.S. government in an effort to prevent a nationwide ban. The lawsuit, filed by TikTok and its Chinese parent company ByteDance, challenges a law that could force the app’s divestiture or outright ban if certain conditions are not met within a specified timeframe.

Photo Credit: Honda

Honda, a Japanese auto giant, on Friday logged a record annual profit thanks to improving global vehicle sales, but issued a cautious outlook for the current fiscal year.

Photo Credit: Disney

How would you feel if marvel studios released only three movies and two shows per year?Well it just did.During Disney's quarterly earnings call on Tuesday, CEO Bob Iger announced a new strategy for Marvel to reduce output and focus on quality. Iger stated that the MCU will be shrinking, with a new mission to drop the number of Marvel TV series to two per year and the film output to no more than three movies per year.

Photo Credit: Apple

Apple’s latest iPad Pro commercial stirred up quite a storm. In this ad, the company showcased its ultra-thin iPads by using an industrial crushing machine to compress various creative objects as "All I Ever Need is You" played in the background . These objects included books, paint cans, statues, musical instruments including a piano, an old model TV and an arcade game.

Photo Credit: Sony

Sony Pictures Entertainment, in collaboration with Apollo Global Management, has entered formal negotiations to acquire Paramount Global. This development follows the expiration of Paramount's exclusive discussion period with Skydance Media, as reported by The New York Times.