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    Mergers: Walt Disney bought 21st Century Fox for $52.4 Billion
    • The Walt Disney Company and Twenty-First Century Fox, Inc. (21st Century Fox) today announced that they have entered into a definitive agreement for Disney to acquire 21st Century Fox, including the Twentieth Century Fox Film and Television studios, along with cable and international TV businesses, for approximately $52.4 billion in stock (subject to adjustment). Building on Disney’s commitment to deliver the highest quality branded entertainment, the acquisition of these complementary assets would allow Disney to create more appealing content, build more direct relationships with consumers around the world and deliver a more compelling entertainment experience to consumers wherever and however they choose. Immediately prior to the acquisition, 21st Century Fox will separate the Fox Broadcasting network and stations, Fox News Channel, Fox Business Network, FS1, FS2 and Big Ten Network into a newly listed company that will be spun off to its shareholders.

      Larger and larger they are. And weaker and weaker capitalism becomes.

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    Bricklaying Bot
    1 comment 2 comments Vitaliy_KiselevDecember 13Last reply - December 13 by WalterH Subscribe to this blog
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    Capitalism: Parasites reduced payments for DVD manufacturers
    • The DVD6C Licensing Group consisting of eight developers of DVD technology and formats - Hitachi Consumer Electronics Co., Ltd., JVC KENWOOD Corporation, Mitsubishi Electric Corporation, Panasonic Corporation, Samsung Electronics Co., Ltd., Sharp Corporation, Toshiba IPR Solutions, Inc. and Warner Bros. Home Entertainment Inc. - today announced that it is revising its worldwide joint patent licensing program beginning on and after January 1, 2018, including offering a new license agreement, which offers reduced royalty rates for DVD Players to licensees in good standing.

      Specifically, the revised licensing program provides for the following reduced rates from the current US$1.75 per DVD Player - for DVD Players (DVD-Video Players, DVD-Audio Players, and DVD-ROM Drives) for licensees in good standing, i.e., licensees who have no overdue or incorrect royalty reports or overdue or underpaid royalties (including back royalties) and are otherwise in compliance with their license agreement with DVD6C:

      • US$1.50 per DVD Player for all DVD Players sold or otherwise transferred on or after January 1, 2018.
      • US$1.25 per DVD Player for all DVD Players sold or otherwise transferred on or after January 1, 2019.

      These reduced royalty rates will be available to such licensees for DVD Players sold or otherwise transferred during any reporting period beginning on or after January 1, 2018, provided that the licensee was in good standing as of the due date for payment of royalties for the immediately preceding reporting period. Licensees shall not be considered in good standing for any period for which an audit has revealed an underpayment of royalties of greater than 3%.

    1 comment 2 comments Vitaliy_KiselevDecember 13Last reply - December 13 by Vitaliy_Kiselev Subscribe to this blog
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    Capitalism: Inequality rises - Ferrari happy
    • The manufacturer raised its 2017 profit target last month On 2 November 2017, Ferrari NV, which was spun-off from Fiat Chryslerr, announced a 23% rise in adjusted EBITDA to 778 million euros (629 million euros) for the first nine months of 2017. The company increased its EBITDA target for the full year to 1 billion euros versus the previous estimate of more than 950 million.

      The Ferrari IPO in October 2015 priced at $52/share which was at the top end of the $48-52 range. The stock, which trades under the ticker RACE, has more than doubled to $106.9, valuing the company at $20.2 billion.

      Sales growth is being driven as the population of wealthy individuals surges. The number of millionaires worldwide surged 36 percent to 13.6 million people in the 10 years through 2016 and may rise another 37 percent in the following decade, according to the Wealth Report by real estate company Knight Frank. The number of billionaires increased 45 percent in the period, boosted by gains in the Asia-Pacific area.

      Parasites thrive.

    1 comment 2 comments Vitaliy_KiselevDecember 13Last reply - December 13 by robertGL Subscribe to this blog
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    Hollywood progress: Trump wants Moon films, again
    • President Donald Trump is sending astronauts back to the Moon.

      The president Monday signed at the White House Space Policy Directive 1, a change in national space policy that provides for a U.S.-led, integrated program with private sector partners for a human return to the Moon, followed by missions to Mars and beyond.

      The policy calls for the NASA administrator to “lead an innovative and sustainable program of exploration with commercial and international partners to enable human expansion across the solar system and to bring back to Earth new knowledge and opportunities.” The effort will more effectively organize government, private industry, and international efforts toward returning humans on the Moon, and will lay the foundation that will eventually enable human exploration of Mars.

      “The directive I am signing today will refocus America’s space program on human exploration and discovery,” said President Trump. “It marks a first step in returning American astronauts to the Moon for the first time since 1972, for long-term exploration and use. This time, we will not only plant our flag and leave our footprints -- we will establish a foundation for an eventual mission to Mars, and perhaps someday, to many worlds beyond.”

      I really hope for modern CGI. But you need to be very careful with all this Indian firms who will do actual work :-)

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    Calitalism: Patreon, Paypal and Idiots
    • Well, last week it is lot of various idiots going rounds because Patreon changed fees structure. No, they are right with complains. But it is same as if regularly violently raped girl suddenly started to complain to BSDM.

      So, here is situation with fees (I'll get international situation only):


      Any donation to individual or company (except non commercial) will be charged 4.4% + 4.0% atop exchange course + around $0.3.
      For small $1 donation actual guy will get $0,62, and paypal + banks will keep 38%.

      Old Patreon

      Fees consisted from around 6% processing fees (very fuzzy thing) plus 5% Patreon fees. For any amount it was same.
      For small $1 donation actual guy will get $0,89, and Patreon + banks will keep 11%.

      Reason of sudden Patreon popularity among small creators can be clearly seen now.
      As most of pledges are usually $1, many at $3-10 region (up to 95% frequently).

      Present Patreon

      Fees consist now from 2,9% service fee, 5% Patreon fees and new $0,35 fixed fee imposed on donators. For any amount it was same.
      For small $1,35 donation actual guy will get $0,92, and Patreon + banks will keep 47%.

      Now all the woes become clear (check above for small pledges percentage).
      Idiots keep going rounds and telling that managers are idiots.

      Just valid question remains. What exactly cost even 5% in this transaction (with self cost being tiny fixed number, not depending on sum)?
      Why tolerate such guys? Why going in rounds telling how great it was?

      The slave who drools when smugly describing the delights of slavish existence and who goes into ecstasies over his good and kind master is a grovelling boor.

      V. Lenin.

    4 comments 5 comments Vitaliy_KiselevDecember 10Last reply - December 13 by Vitaliy_Kiselev Subscribe to this blog
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