So at 2pm I just put on Merrell black suede slip-ons, Carharrt utility pant, a submariner sweater, merino scarf and watchcap, leather gloves, slipped the wired mp3 player into the side pocket of the utility pant, and listened to two new music purchases while I walked into town, had a glass of wine and chatted with some people downstairs at the deli, wrote some notes on a new project, bought some cheese and walked home again.
“I wouldn’t look at this as a change in approach for Netflix movies or for Warner movies,” he said. “I think, over time, the windows will evolve to be much more consumer friendly, to be able to meet the audience where they are quicker … I’d say right now, you should count on everything that is planned on going to the theater through Warner Bros. will continue to go to the theaters through Warner Bros., and Netflix movies will take the same strides they have, which is, some of them do have a short run in the theater beforehand. But our primary goal is to bring first-run movies to our members, because that’s what they’re looking for.”
During its bid against Paramount and Comcast for Warner Bros. Discovery, Netflix assured company executives it would uphold existing agreements requiring theatrical movie releases if the deal went through. No surprise, looks like he lied.
That escalated since this morning.
All told, the company has lost more than $70 billion since the beginning of 2021 on its enormous long-term VR bet, a staggering sum that has left investors itchy and unimpressed as Zuckerberg has failed to convince the public of the high-fidelity virtual spaces he long insisted we’d be choosing to spend most of our time in.
Now, as Bloomberg reports, the company’s executives are eying gigantic budget cuts, as high as 30 percent, for the teams responsible for its Meta Horizon Worlds product and Quest VR headset — another nail in the coffin for Zuckerberg’s obsession that has been a major thorn in the sides of investors for years now. Layoffs could start as soon as January, but final decisions have yet to be made.
In fact, following Bloomberg‘s reporting, Meta’s stock jumped over four percent on Thursday, underscoring the degree to which shareholders have grown fed up with the company trying to make the metaverse happen.
Feedbin just went down, but apparently it’s just me. Which might be just as well, because if I see one more clickbaity fake-outrage gibbering about Pantone’s choice for Pantone Colour Of The Year then I might just delete everything anyway.