|
Australian
News
Media
Man Blog
News
Sky
News Australia wins Media Man 'News Outlet Of
The Month' award again
Markets/Biz/News/Energy/Resources/Pop
Culture/Politics: Australia, U.S and World
Media
Man Watercooler
Digital Bush Telegraph
November
2025
Nov
12
Heavy
Industry Awards
Mack
Trucks wins Media Man 'Truck Manufacturer Of The Month'
award
Caterpillar
wins Media Man 'Heavy Equipment Manufacturer Of The
Month' award
Bingo
Industries wins Media Man 'Contraction Brand Of The
Month' award
Elders
wins Media Man 'Agribusiness Of The Month' award
Landman
wins Media Man 'Streaming Series Of The Month' award
(Oil/mining industry based story via Paramount Plus)
Media
Google
Finance wins Media Man 'Business News Website Of The
Month' award; Runner-up: Yahoo! Finance
Netflix
wins Media Man 'Streaming Service Of The Month' award;
YouTube and Paramount Plus are runner-ups! Strong
mention: Tubi
News
Markets
Nov
12
Australian
Dollar: $0.6530 USD (down $0.0007 USD)
Iron Ore: $101.70 USD (down $0.45 USD)
Oil: $61.03 USD (up $0.98 USD)
Gold: $4,128.62 USD (up $15.20 USD)
Copper: $5.0675 USD (down $0.0340 USD)
Bitcoin: $102,783.42 USD (down 2.98%)
Dow Jones: 47,905.89 (up 537.26 points)
Bitcoin:
(Near Live) $103,413.09 +1.76%
News
China
plans to limit rare-earth magnets
Sources
have indicated that the Chinese government intends
to implement a 'validated end-user' system for exporting
rare earths. This would allow China to comply with
its commitment to US President Donald Trump to facilitate
rare earths exports while ensuring that these materials
are not bought by companies that are suppliers to
the US military. The US adopted a similar system in
2007, which allows some Chinese companies to buy sensitive
goods under a general authorisation, instead of requiring
individual licences for each purchase. (RMS)
News
BHP
Christmas work order penalty
The
Federal Court has ordered BHP's Operation Services
labour firm to compensate 85 miners who were directed
to work at the Daunia coal mine in Queensland on Christmas
Day and Boxing Day in 2019. Operation Services will
be required to pay a total of $83,700 in compensation,
plus a penalty of $15,000. The Mining and Energy Union's
Queensland president Mitch Hughes says the workers
had been directed to work on the public holidays with
no consultation or agreement. The workers will be
each be paid between $800 and $2,400 each. BHP sold
the Daunia mine to Whitehaven Coal in 2024. (RMS)
Nov
11
BMC
Minerals eyes $500m valuation in ASX float
BMC
Minerals is seeking to raise $100m via an IPO, with
shares to offered to investors at between $1.90 and
$2.30 apiece. BMC's assets include the Kudz Ze Kayah
base metals project in Canada, which is expected to
have an initial mine life of about nine years and
produce copper, nickel and silver. BMC's CEO Michael
McClelland says Kudz Ze Kayah has the potential to
be a globally significant project across a range of
commodities; he adds that most of the capital to be
raised via the IPO will be used for further exploration
at the project. (RMS)
News
ATO
to hold Karara to account
The
latest corporate filings of iron ore producer Karara
Mines show that it posted a loss of $803.4m for the
2024 calendar year. This follows a loss of $410.8m
for the previous year, and Karara has now recorded
a cumulative loss of more than $7.5bn since it began
exporting magnetite in 2013; it also has net liabilities
of $6bn. Karara is a subsidiary of Chinese state-owned
Ansteel Group, and its latest financial report shows
that the company's financial affairs are under scrutiny
by the Australian Taxation Office. (RMS)
News
Corporate
watchdog sues AVZ Minerals
The
Australian Securities & Investments Commission
has commenced legal action against AVZ Minerals for
breaching its continuous disclosure obligations. ASIC
has also accused AVZ of engaging in misleading and
deceptive conduct with regard to the ownership of
its Manono lithium project in the Democratic Republic
of the Congo. ASIC has also named AVZ's MD Nigel Ferguson
and technical director Graeme Johnston in the lawsuit,
alleging amongst other things that they had breached
their directors' duties. AVZ's market capitalisation
peaked at $4.6bn before its shares were suspended
from trading; the company was delisted in 2024. (Roy
Morgan Summary)
News
Lead Up
Nov
10
Sin
City, Sydney, Australia
Digital Bush Telegraph
Mad Monday Money and Minerals
Salt Of The Earth
Markets
(for early Aussie risers)
Australian
Dollar: $0.6491 USD (up $0.0008 USD) Iron Ore: $101.45
USD (down $2.50 USD) Oil (WTI): $59.75 USD (up $0.37
USD) Gold: $4,001.21 USD (up $14.71 USD) Copper: $4.9580
USD (up $0.0110 USD) Bitcoin: $104,511.57 USD (up
2.44%) Dow Jones: 46,987.10 (up 74.80 points)
Bitcoin:
(Near Live) $105,983.29 +3.94%
News
Labor's
energy bill subsidies 'potentially broke the law'
Treasury's
2024-25 annual report has revealed the federal government's
$2.3 billion energy bill subsidies potentially breached
the Constitution, with the subsidies having been announced
by Treasurer Jim Chalmers in the pre-election March
budget. Treasury stated the potential breach had occurred
because it did not secure appropriate written approval
for the payments from Chalmers, while it also disclosed
in the report that two incorrect payments totalling
$25,953 had been made to small businesses under the
government's Small and Medium Enterprise Guarantee
Scheme. (RMS)
News
Bragg
will quit frontbench if Coalition walks away from
net zero, Paris Agreement
Liberal
senator Andrew Bragg says he will quit the Coalition
frontbench if it abandons a commitment to the Paris
climate agreement and net-zero emissions, while he
claims that the Coalition could "do net zero"
better than Labor. Bragg claims that Labor's energy
policies are a disaster and responsible for keeping
energy prices high, while shadow energy minister Dan
Tehan says achieving 'energy abundance' is the best
way to get energy prices down. Tehan has not ruled
out the idea of offering subsidies to coal and gas
producers as a way of achieving energy abundance.
(RMS)
News
Rare
earths fuel US-China power stoush
Rare
earths is the most important aspect of the trade war
between the US and China, according to Kurt Campbell,
who was deputy secretary of the Biden administration's
State Department. Australia has a big role to play
in helping the US reduce China's dominance of the
rare earths market, but its private sector seems reluctant
to fund rare earth projects. Arafura Rare Earths is
one example, with most of the funding for its Nolans
project in the Northern Territory having so far come
from the federal government. (Roy Morgan Summary)
News
Bessent
says new rare earth factory will cut costs, break
China's 'chokehold' on industry
US
Treasury Secretary Scott Bessent says EVAC's new rare-earth
magnet processing centre will help cut costs and break
China's "chokehold" on industry. He says
facilities such as EVAC's will help the US to regain
its independence in rare earths, which he notes are
critical components in nearly every modern product
- from smartphones and cars to wind turbines, fighter
jets and missile systems. Bessent said President Donald
Trump's executive order on rare earths played an important
role in getting the EVAC factory built so quickly,
and that around 800 construction workers helped build
it. (RMS)
News
How
China's rare earth chokehold could strangle Europe's
military buildup
European
governments are racing to re-arm their militaries
as they face up to a more aggressive Russia and an
increasingly isolationist US. However, that push must
overcome a formidable roadblock in the shape of China's
restrictions on exports of critical minerals. The
nation dominates the market for rare earth metals
and permanent magnets, which are used in the production
of missiles, jets, drones and other military hardware.
China has wielded this leverage in its trade wars
with the European Union and the US. The European Commission's
president Ursula von der Leyen contends that the bloc
must secure independence with regard to critical minerals.
In the meantime, European trade officials have been
frantically engaging with their Chinese counterparts
to try to secure the bloc's supply of these minerals.
(RMS)
News
BHP
lifts WA investment to record $944 million
BHP's
latest Community Development Report shows that the
resources group spent $944m on regional development,
Indigenous partnerships and social programs in Western
Australia during 2024-25. Amongst other things, BHP
spent $737m with local suppliers, including $529m
with Indigenous businesses; it also invested $101.2m
in community infrastructure and provided more than
70 community grants across regional areas of the state.
BHP's WA iron ore asset president Tim Day says the
company's investment is aimed at driving long-term
social impact. (RMS)
News
NT
takes aim at Beetaloo critics
Australian-listed
Tamboran Resources is leading the push to produce
gas from the Northern Territory's Beetaloo Basin.
The company aims to commence supplying gas to the
domestic market by mid-2027. However, critics are
concerned about developing the Beetaloo Basin's gas
reserves because it requires the use of hydraulic
fracturing. NT Treasurer Bill Yan says most of this
opposition is being driven by people in NSW and Victoria;
he says they enjoy reliable energy and high living
standards that are made possible by fossil fuels,
while seeking to block the same development in the
Northern Territory. (RMS)
News
Pop
Culture News
Landman
(Paramount Plus)
Plot
Set
against the backdrop of the booming West Texas oilfields,
Landman follows Tommy Norris (Billy Bob Thornton),
a crisis manager and landman for an independent oil
company. Tommy navigates cutthroat deals, family tensions,
and moral dilemmas while trying to keep his business
afloat. The story kicks off with an investigation
into a fatal accident involving an out-of-town lawyer,
weaving in elements of drug cartels.
Landman
is an American drama television series created by
Taylor Sheridan and Christian Wallace, inspired by
Wallace's podcast Boomtown. It explores the high-stakes
world of the oil industry in West Texas, blending
themes of fortune-seeking, corporate intrigue, and
personal drama amid roughnecks, billionaires, and
geopolitical shifts.
The
series premiered on Paramount+ on November 17, 2024,
and has been renewed for a second season.
Landman:
Season 2. Trailer (Paramount Plus)
https://youtube.com/watch?v=mhzQawESdqg
"You
think you understand how this business works, but
you don't." Things are heating up in the final
Landman trailer. Season 2 premieres November 16, 2025,
only on Paramount+.
"Death
and a Sunset"
November 16, 2025
"Sins
of the Father"
November 23, 2025
"Almost
a Home"
November 30, 2025
"Dancing
Rainbows"
December 7, 2025
"The
Pirate Dinner"
December 14, 2025
"Dark
Night of the Soul"
December 21, 2025
"Forever
Is an Instant"
December 28, 2025
"Handsome
Touched Me"
January 4, 2026
"Plans,
Tears and Sirens"
January 11, 2026
"Tragedy
and Flies"
January 18, 2026
News
Gold
Movie
Gold
is a 2016 American epic crime drama film directed
by Stephen Gaghan and written by Patrick Massett and
John Zinman. The film stars Matthew McConaughey, Édgar
Ramírez, Bryce Dallas Howard, Corey Stoll,
Toby Kebbell, Craig T. Nelson, Stacy Keach and Bruce
Greenwood. The film is loosely based on the true story
of the 1997 Bre-X mining scandal, when a massive gold
deposit was supposedly discovered in the jungles of
Indonesia; however, for legal reasons and to enhance
the appeal of the film, character names and story
details were changed.
Trailer
Gold
(YouTube Movies and TV)
https://youtube.com/watch?v=yc0S96OZhi0
Gold
is the epic tale of one man's pursuit of the American
dream, to discover gold. Starring Oscar® winner
Matthew McConaughey (Interstellar, Dallas Buyers Club,
The Wolf Of Wall Street) as Kenny Wells, a modern
day prospector desperate for a lucky break, he teams
up with a similarly eager geologist and sets off on
an amazing journey to find gold in the uncharted jungle
of Indonesia. Getting the gold was hard, but keeping
it would be even harder, sparking an adventure through
the most powerful boardrooms of Wall Street. The film
is inspired by a true story.
News
Best
Quotes
The
best and biggest gold mine is in between your ears."
"You
are a gold mine of potential power. You have to dig
to find it and make it real."
"Your
mind is like a gold mine, if you dig deep you will
find something golden."
"Don't
die without mining the gold in your mind."
"We're
like goldfields. Until we dig deep to find what's
inside us, our true potentials may be hidden forever."
"If
you want to find gold, you've got to love the process
of digging."
"Even
if you're sitting on a gold mine, you still have to
dig."
"Develop
men the same way gold is mined"
"Don't
go into the mine looking for dirt; instead, go in
looking for the gold."
"A
prospector's job is to remove dirt as quickly as possible"
"A
prospector who analyses every speck of dirt won't
find much gold"
"The
world is sitting on a gold mine but knows it not."
"Make new friends, but keep the old; Those are
silver, these are gold."
"All
that is gold does not glitter."
"Gold
is forever. It is beautiful, useful, and never wears
out"
"Gold
is the money of kings"
"Mining
is the art of exploiting mineral deposits at a profit.
An unprofitable mine is fit only for the sepulcher
of a dead mule."
"Anyone
can find the dirt in someone. Be the one that finds
the gold."
"True
gold fears no fire."
"The
desire of gold is not for gold. It is for the means
of freedom and benefit."
"Make
new friends, but keep the old; Those are silver, these
are gold."
"When
taken for granted, gold in one's hand is sometimes
considered like cheap copper – so are people."
Media
Man
Roy
Morgan wins Media Man 'News Services Provider Of The
Month' award; Runner-ups: X, Google News, Yahoo! Finance
News,
Markets, Comms and Culture
May
15, 2025
Sydney,
Australia
Markets
Australian
Dollar: $0.6420 USD (down $0.0050 USD)
Iron Ore June Spot Price (SGX): $101.70 USD (up $2.10
)
Oil Price (WTI): $62.89 USD (down $0.74)
Gold Price: $3,179.41 USD (down $72.13)
Copper Price (CME): $4.6435 USD (down $0.0650)
Bitcoin: $103,541.08 USD (down 0.93%)
Dow Jones: 42,051.06 (down 89.37 points)
News
Australia
Miners,
energy help ASX to sixth day of gains
The
Australian sharemarket posted a modest gain on Wednesday,
with the S&P/ASX 200 adding 0.1 per cent to close
at 8,279.6 points. Fortescue was up 2.2 per cent at
$16.97, Woodside Energy rose 3.4 per cent to $22.31
and the Commonwealth Bank firmed 0.8 per cent to end
the session at $167.50. However, Insignia Financial
shed 15.8 per cent to finish at $3.37 and Aristocrat
Leisure was down 8.9 per cent at $62.10. (Roy Morgan
Summary)
News
Media
CNN
and Fox take on their own legacies with new streaming
services
Fox
Corporation is set to launch its third streaming service
in the US. Fox One will feature content from across
the media group's operations, including news, sport
and entertainment. It will complement Fox Corp's existing
Fox Nation streaming news channel and Tubi, a free
advertising supported general entertainment streaming
platform. Meanwhile, Warner Bros Discovery-owned CNN
plans to launch a news streaming service that will
be bundled with subscriptions to http://cnn.com. Fox
Corp and CNN are both confident that their new streaming
products will not cannabilise the customer base for
their cable TV services. (RMS)
News
Rio
shows we must invest in green iron: Fortescue boss
Rio
Tinto recently advised that the iron content of its
flagship 'Pilbara Blend Fines' product will be downgraded
by nearly one percentage point, to 60.8 per cent;
BHP had previously reduced the iron content of two
iron ore products in 2024. Fortescue CEO Dino Otranto
says the trend underlines the need for Australia to
invest in more domestic refining, in order to produce
higher-grade iron ore. Otranto has indicated that
Fortescue is on track to finish construction of a
green iron plant at its Christmas Creek iron ore hub
and produce commercial quantities of green iron by
the end of 2025. (Roy Morgan Summary)
News
Beware
the rally in iron ore above $US100, it might not last
The
iron ore price has peaked at more than $US101 per
tonne in Singapore trading on Wednesday, which is
its highest level in about six weeks. Factors such
as the easing of trade tensions between the US and
China have bolstered the price of the steel input,
although market watchers say the rebound is unlikely
to be sustained. Headwinds include steel production
cutbacks in China and a looming increase in global
iron ore supply as new projects in Africa start to
commence shipments. (RMS)
News
Core
Lithium plan to revive mothballed Finniss
Perth-based
Core Lithium has advised that it may resume operations
at its Finniss mine in the Northern Territory. The
mine was placed in 'care and maintenance' mode in
2024, in response to a sharp downturn in the price
of lithium. Core hopes a plan to significantly reduce
mining and processing costs at Finniss, while also
boosting productivity, will enable the mine to reopen.
CEO Paul Brown says the quality of the Finniss deposit
and its proximity to the Port of Darwin gives it an
advantage over rival lithium mines in Western Australia.
(RMS)
News
Australian
Mining News
WA
Mining Conference and Exhibition: Scheduled for October
8–9, 2025, in Perth, this event will focus on
critical minerals, mine waste management, and innovative
technologies shaping the industry’s future. It
aims to be a key platform for networking and industry
insights.
Global
Resources Innovation Expo (GRX25): Set for May 20–22,
2025, in Brisbane, GRX25 will feature industry leaders
like Owen Hegarty, discussing transformation and sustainability
in mining.
Carbine
Resources: The company secured a 21-year mining lease
for its Muchea West silica sand project in Western
Australia, marking a significant milestone.
Federal
Government Cabinet: Following the re-election of Prime
Minister Anthony Albanese, the new cabinet has been
welcomed by mining bodies. The government is pushing
the Critical Minerals Production Tax Incentive (10%
refundable tax offset for processing 31 critical minerals)
and a Hydrogen Production Tax Incentive ($2/kg for
renewable hydrogen).
Prospect
Awards 2025: Nominations are open for the Australian
Mining Prospect Awards, recognizing excellence in
safety, occupational health, and industry leadership.
Legacy
Minerals: The company is advancing the Nico Young
nickel-cobalt project in New South Wales, leveraging
prior work by Jervois Global to reduce costs and accelerate
development.
Rio
Tinto’s Winu Project: Rio Tinto and Sumitomo
Metal Mining signed final joint venture agreements
for the Winu copper-gold project in Western Australia’s
Great Sandy Desert.
Sibanye-Stillwater:
The company reported a 92% increase in zinc production
(25,000 tonnes) at its Century zinc retreatment operation
in Queensland for the March 2025 quarter, with a feasibility
study for the Mt Lyell copper mine in Tasmania due
by late 2025.
Tivan’s
Speewah Fluorite Project: Tivan formed a joint venture
with Sumitomo Corporation, supported by a $5.3 million
investment and government funding, to develop Australia’s
first fluorite operation in Western Australia.
Hillgrove
Resources: The Kanmantoo copper mine in South Australia
produced 811 tonnes of copper in April, with annual
guidance set at 12,000–14,000 tonnes for 2025.
Critical
Minerals and Sustainability: Australia’s mining
sector is poised to lead in the global energy transition,
with growing demand for critical minerals and a focus
on innovation and sustainable practices.
Queensland
Mining Coroner: Wayne Pennell was appointed Queensland’s
first mining and resources coroner to investigate
fatalities and address a backlog of inquests, enhancing
safety accountability.
Social
Media Sentiment: Posts on X highlight ongoing exploration
(e.g., Verity Resources’ Monument Gold Project)
and acquisitions (e.g., Terra Metals’ Dante Project
expansion), reflecting active industry momentum. However,
a 119% mining rate hike by a Goldfields council has
sparked concern among local explorers. (Grok)
News
Pop
Culture/Entertainment
Media
Movies
Network
(1976) - Directed by Sidney Lumet, this satirical
drama follows a TV network exploiting a deranged anchor’s
rants for profit, highlighting media sensationalism.
Stars Faye Dunaway and Peter Finch.
Nightcrawler
(2014) - A thriller by Dan Gilroy about a drifter
(Jake Gyllenhaal) who becomes a freelance crime journalist,
blurring ethical lines for fame. It’s a sharp
critique of modern media’s vulture-like tendencies.
Zodiac
(2007) - Directed by David Fincher, this film chronicles
a cartoonist-turned-detective’s obsession with
the Zodiac Killer, exploring media’s role in
public fear and fascination.
Citizen
Kane (1941) - Orson Welles’ classic traces the
life of a newspaper magnate, loosely based on William
Randolph Hearst, examining media power and personal
ambition.
Sweet
Smell of Success (1957) - A biting satire about a
ruthless press agent and a powerful columnist, showcasing
media manipulation with sharp dialogue.
News
Gold:
Movie
Gold
(2016) is a crime drama inspired by the 1990s Bre-X
mining scandal. Matthew McConaughey stars as Kenny
Wells, a prospector who partners with geologist Michael
Acosta (Édgar Ramírez) to find gold
in Indonesia. After striking it rich, their success
unravels amid fraud and betrayal. Directed by Stephen
Gaghan, the film explores greed and ambition but received
mixed reviews for its uneven tone and pacing. It grossed
$14.8 million against a $20 million budget. Available
on platforms like Hulu or Amazon Prime (check current
listings). (Grok)
News/Profile
Gold
(1974)
Gold
(1974) is a British thriller directed by Peter R.
Hunt, based on Wilbur Smith's novel Gold Mine. Set
in South Africa, it follows Rod Slater (Roger Moore),
a mining engineer, who uncovers a conspiracy to flood
a gold mine to manipulate global gold prices. The
plot involves corporate greed, sabotage, and high-stakes
action, with Slater racing to stop the scheme.
Cast:
Roger Moore, Susannah York, Ray Milland, Bradford
Dillman.
Key
Details: 120 min, rated PG, released August 1974 (UK).
Filmed on location in Johannesburg, featuring intense
mining scenes.
Reception:
Mixed reviews; praised for action and Moore’s
charisma, criticized for pacing and dated elements.
IMDb rating: 5.7/10.
Availability:
Limited streaming; available for rent/purchase on
platforms like Amazon or on DVD.
News
Bitcoin
Movies Streaming
Money
Electric: The Bitcoin Mystery (2024, HBO)
A
documentary by Cullen Hoback exploring Bitcoin’s
origins and the identity of Satoshi Nakamoto. It’s
a thrilling investigation into Bitcoin’s rise
and its potential impact on global finance.
Streaming:
Available on HBO’s streaming platform, Max. Check
JustWatch for additional services or free options
like Apple TV+ trials.
Bitconned
(2024, Netflix) A true-crime documentary about three
individuals who scammed millions in the unregulated
crypto market to fund lavish lifestyles. Streaming:
Exclusively on Netflix.
Banking
on Bitcoin (2016)
A
popular documentary diving into Bitcoin’s impact,
its challenge to centralized banking, and its early
history. It’s a great pick for understanding
Bitcoin’s ethos. Streaming: Available on Amazon
Prime Video (free for subscribers), Fandango at Home,
and for purchase/rent on Amazon, YouTube Primetime,
or Apple TV.
The
Rise and Rise of Bitcoin (2014)
Follows
programmer Daniel Mross and early Bitcoin adopters,
offering insights into Bitcoin’s volatile early
days. Ideal for beginners.
Streaming: Available on Prime Video, Fandango at Home,
and for purchase on iTunes or Amazon.
Bitcoin:
The End of Money as We Know It (2015)
A
concise documentary tracing the history of money and
Bitcoin’s potential to disrupt fiat systems.
Features experts like Andreas Antonopoulos.
Streaming:
Available on Amazon Prime, YouTube, and Fandango at
Home. Free on YouTube in some regions (e.g., Ulterior
States).
Notes
on Streaming with Bitcoin:
Major
platforms like Netflix and HBO Max don’t directly
accept Bitcoin payments. However, you can use crypto
via gift cards purchased from platforms like Bitrefill,
Coinsbee, or eGifter, which offer cards for services
like Amazon, Fandango, or Rakuten, usable for streaming
or movie tickets.
For
example, Bitrefill sells Showtime or Rakuten gift
cards (for US, Spain, Portugal, Italy) payable with
Bitcoin, Ethereum, or Dogecoin.
Crypto
debit cards from providers like http://Crypto.com
or Coinbase can also convert Bitcoin to fiat for subscriptions
or purchases at non-crypto-accepting platforms.
Additional
Tips:
Check
platforms like JustWatch or IMDb for real-time streaming
availability, as services change frequently.
Some
older documentaries, like Ulterior States (2014),
are freely available on YouTube, offering ideological
perspectives on Bitcoin’s early days.
Be
cautious with free streaming sites; some, like Openload
or Streamango, have been linked to crypto-jacking
schemes that mine Monero using your device’s
CPU. (Grok)
Markets
and Cryptos
Markets:
April
23, 2025
ASX
futures up 103 points/1.3% to 7939
AUD -0.7% at US63.68¢
BTC +4.5% to $US91,358
Dow +2.7%
S&P +2.1%
NAS +2.5%
Gold -1.5% to $US3371.27 an ounce
Oil +1.5% at $US67.22 a barrel
Iron ore -0.7% at $US98.65 a ton
Cryptos
Today:
Bitcoin
$91,075.31 USD +4.29%
ETH $1,695.23 USD +7.53%
Tether $1.00 USD -0.02%
XRP $2.16 USD +3.57%
BNB $607.70 USD +1.95%
Solana $144.34 USD +5.47%
USD Coin $0.9994 USD -0.08%
Dogecoin $0.1728 USD +9.13%
Gaming
And Casino News
April
2025
Star
Entertainment is a ‘new operator’ despite
‘sins of the past’
Inside
Asian Gaming Chief Executive Andrew W Scott says Star
Entertainment will have nothing to do with the “sins
of the past”.
“Bally’s
have got the opportunity to say look, we’re a
new operator, we have nothing to do with the sins
of the past,” Mr Scott said.
“I
think they didn’t want to let it rain to receivership
because they felt that would be too complicated, they
wanted to pick it up as a going concern … and
see if they can turn it around.”
News
Star
Entertainment: News
Star
Entertainment Group, an Australian casino operator,
has been in the spotlight in April 2025 due to significant
financial and operational developments. Here’s
a concise overview of the latest news based on available
information:
Financial
Struggles and Rescue Deal: Star
Entertainment
reported a $300 million half-year loss for the period
ending December 2024, driven by a 25% revenue decline
to $650 million. Stricter payment regulations, including
mandatory pre-paid cards to curb money laundering,
have pushed gamblers toward pubs and clubs, hurting
Star’s market share. The company secured a $300
million investment from Bally’s Corporation and
Investment Holdings (linked to the Mathieson family),
with $100 million injected in April 2025, providing
critical liquidity. Star’s cash reserves were
at $98 million as of April 11, 2025, narrowly avoiding
collapse.
Bally’s
Takeover and Overhaul Plans: Bally’s, a U.S.
casino giant, is set to control about 56% of Star’s
capital, pending regulatory approval. Bally’s
chairman, Soo Kim, emphasized a “back-to-basics”
approach, aiming to strip away the luxury focus of
Star’s casinos (Sydney, Brisbane, and Gold Coast)
and make them more accessible, likening them to large-scale
RSL clubs. Kim noted Bally’s history of turning
around distressed properties but acknowledged Star’s
turnaround as a significant challenge.
Operational
and Market Challenges: Star’s Brisbane casino,
Queen’s Wharf, was written down in value, and
its sale to partners Far East Consortium and Chow
Tai Fook Enterprises provided $53 million. The company
faced a trading halt in February 2025 due to delayed
financial reporting, with shares resuming trading
on April 16 at 11 cents, briefly jumping 14% before
crashing. Regulatory issues, including a $100 million
fine and a suspended license, continue to weigh on
the company.
Leadership
and Strategic Focus: CEO Steve McCann highlighted
the “very challenged” trading environment
but is now focusing on revenue growth following the
rescue deal. Bally’s pitched its investment after
Star failed to secure a $940 million lifeline from
Salter Brothers, signaling a shift in strategy to
stabilize operations.
Critical
Perspective: While Bally’s intervention offers
a lifeline, Star’s deep losses and regulatory
burdens suggest a tough road ahead. The shift to a
less glamorous, mass-market model may alienate high
rollers, and stricter regulations could continue to
erode revenue. The narrative of a “rescue”
should be scrutinized, as Bally’s own motivations—acquiring
a distressed asset at a discount—may prioritize
its interests over Star’s long-term viability.
World
News, Biz, Markets, Resources, Politics, Media
April
4, 2025
Tariff
wars made the dollar a risky asset
Gold
Movements
in metals have been monumental. A 3% rise deep into
the region of all-time highs for Gold was followed
by a collapse of more than $100 from $3,170 to $3,050
an ounce. On Friday, trading stabilised near $3100,
minimally adding to levels at the opening of the week.
Tactically,
this is a good time for the bulls to exhale and lock
in profits. This is confirmed by the fulfilment of
an important growth target and the entry into extreme
overbought on weekly timeframes on RSI. Multi-week
corrections started in similar conditions in 2024.
Oil
Oil
took a double hit in the week in less than 24 hours
when it came under pressure from the macroeconomy
due to tariffs and OPEC+ actions. Tired of waiting
for the global economy to accelerate, the Cartel switched
gears in the battle for market share, pledging to
ramp up production faster than the previously announced
plan.
Similar
moments occurred in March 2020 and December 2014.
On both occasions, oil dipped below $30 a barrel before
finding support in the form of coordinated action
by global producers. In theory, coordination is now
at a higher level, but that doesn't negate the powerful
pressures expected due to the trade shock and supply
expansion.
Technically,
oil is breaking through the bottom of the three-year
range, and the 50-week moving average worked as resistance
for the third time since September. (FxPro)
News
Cryptos
Today
BTC.
$83,789.09. 0.70%
ETH. $1,812.44. 0.36.
USDT. $0.9997. 0.00%
XRP. $2.1330. 2.61%
BNB. $596.22. 0.09%
SOL. $120.95. 3.74%
USDC. $1.0000. 0.01%
DOGE. $0.1696. 3.20%
News
Markets
ASX
200 futures are pointing down 93 points/1.2 per cent
to 7786
AUD
+0.4% to US63.22¢
Bitcoin
-4.7% to $US82,018
Wall
St:
Dow -4%
S&P -4.8%
Nasdaq -6%
VIX +8.26 to 29.77
Gold -0.9% to $US3108.38 an ounce
Brent oil -6.7% to $US69.91 a barrel
Iron ore -1.5% to $US101.25 a tonne
10-year yield: US 4.04% Australia 4.26%
News
Germany
Considers Gold Withdrawal from U.S. Vault
Germany
is contemplating the withdrawal of approximately 1,200
tons of gold, valued at around $124 billion, from
a U.S. Federal Reserve vault in New York. This consideration
comes in the context of recent U.S. tariffs imposed
by President Trump. The decision-making process involves
senior officials from the Christian Democratic Union
(CDU) Party, who are set to lead the next German government
in the Bundestag. The potential repatriation of gold
has not occurred since World War II, highlighting
the significance of the current deliberations. (Grok)
News
Bitcoin
Holds Steady Amid Stock Market Turmoil
On
April 4, 2025, the US stock market experienced a significant
drop, with over $1.5 trillion in value being erased.
Amidst this turmoil, Bitcoin has shown resilience,
maintaining its value around $80,000. Some observers
and investors view this as a sign of Bitcoin decoupling
from traditional financial markets and emerging as
a potential safe haven asset, similar to gold. US
Treasury Secretary Scott Bessent has publicly stated
that 'Bitcoin is becoming a store of value,' reflecting
a viewpoint that is gaining traction among some in
the financial community. (Grok)
News
Coffee
Tariffs Prompt Debate on U.S. Production
The
United States is currently facing a discussion around
proposed tariffs on imported coffee, which could impact
consumer prices. While coffee is grown in the U.S.,
primarily in Hawaii, the production volume is significantly
less than the national demand. Increasing domestic
production to meet this demand presents logistical
and time-related challenges, as coffee plants require
several years to mature and produce a full crop. Opinions
vary on the feasibility and desirability of relying
more heavily on American-grown coffee to circumvent
the potential tariff-induced price increases.
Markets
April
4, 2025
ASX
futures down 74 points or 0.9% to 7805
AUD
+0.6% to US63.35¢
Bitcoin
-4.6% to $US82,296
Wall
St:
Dow
-3.3%
S&P -4.1%
Nasdaq -5.2%
VIX +6.02 to 27.53
Gold -0.7% to $US3112.12 an ounce
Brent oil -6.5% to $US70.09 a barrel
Iron ore -1.5% to $US101.25 a tonne
10-year yield: US 4.05% Australia 4.26%
Cryptos
Today:
BTC.
$81,846.87. 5.49%
ETH. $1,774.30. 6.24.
USDT. $0.9997. 0.02%
XRP. $2.0101. 6.23%
BNB. $587.77. 2.64%
USDC. $1.0000. 0.01%
SOL. $113.95. 12.19%
DOGE. $0.1581. 8.06%
Crypto,
Fintech, Markets, News and Politics via Media Man
March
12/13, 2025
The
crypto bounces back from extreme fear
Market
picture
The
cryptocurrency market bounced 2% in the last 24 hours
to $2.67 trillion. So far, the situation looks like
a small rebound after the collapse. We should not
talk about the beginning of recovery as long as the
market is below its 200-day moving average of $2.83
trillion.
Sentiment
in the crypto market has shifted from dread to fear
at 34. The indicator was last higher more than three
weeks ago, indicating that now is a good time to buy.
However, it's worth paying attention to the nervous
stock market before considering investments in more
volatile cryptocurrencies.
Bitcoin
was climbing above $83,000 on Tuesday, hitting resistance
in the form of the 200-day moving average. If a long-term
trend line is repurposed as resistance, that's a worrisome
bearish fact.
Ethereum
ended Tuesday with growth and was trading near $1900
at the start of Wednesday, but this is a timid rebound
within the steep peak the coin has been in since February
24th and the broader downtrend of the past three months.
News
Background
CryptoQuant
states a sharp drop in open interest in Bitcoin and
Ethereum futures, suggesting a ‘leverage washout’
and a chance of market stabilisation. The Kobeissi
Letter admits a wave of short position unwinding in
risk assets after extreme fear levels are reached.
Clearstream,
the post-trading arm of Deutsche Börse, will
offer cryptocurrency settlement and custody services
to institutional clients as early as next month, starting
with Bitcoin and Ethereum. It then plans to add support
for other cryptocurrencies and services for staking,
lending and brokerage.
Glassnode
notes that Solana fell below its realised price of
$134 for the first time in three years. The metrics
show the average cost for investors to purchase the
coin.
According
to Arkham Intelligence, on 11 March, bankrupt exchange
Mt. Gox transferred 11,501 BTC (~$905 million) to
an unknown address. Mt. Gox-related addresses hold
a total of 35,915 BTC worth $2.89bn. (FxPro)
News
SEC
vs Ripple Case: Negotiations Underway for Settlement
Recent
developments indicate that the legal dispute between
Ripple Labs and the U.S. Securities and Exchange Commission
(SEC) could be nearing a conclusion. Reports suggest
that Ripple's legal team is currently negotiating
more favorable terms related to a $125 million fine
and an injunction on XRP sales to institutional investors.
The anticipation of a settlement has led to increased
interest and speculation within the cryptocurrency
community regarding the outcome and its potential
impact on XRP. (Grok)
News
U.S.
Plans Strategic Bitcoin Reserve Acquisition
Senator
Cynthia Lummis has reintroduced the BITCOIN Act, which
proposes that the United States government purchase
one million Bitcoins over five years to create a strategic
reserve. This legislative move reflects a growing
acknowledgment of Bitcoin as a digital asset for national
economic strategy, garnering support from both traditional
financial sectors and cryptocurrency advocates. Alongside
this, there is an ongoing debate about the implications,
risks, and potential benefits of such a reserve. (Grok)
News
Trump's
Crypto Banking Deregulation
President
Donald Trump is reportedly planning to sign an executive
order that would reverse regulations set by the Biden
administration aimed at restricting banking activities
for cryptocurrency firms. This move could impact how
crypto companies interact with the Federal Reserve,
potentially leading to greater integration of cryptocurrencies
within the traditional financial system. (Grok)
News
Rumble's
Strategic Bitcoin Acquisition
Rumble,
a video platform and competitor to YouTube, has announced
the purchase of 188 Bitcoins for approximately $17.1
million. This acquisition is part of Rumble's strategy
to integrate Bitcoin into its treasury management,
aiming to hedge against inflation and participate
in the growing trend of corporate cryptocurrency adoption.
The move reflects a broader acceptance of Bitcoin
as a legitimate financial asset among companies. (Grok)
News
Trump
Predicts Market Surge Amid Economic Indicators
President
Trump has publicly stated his belief that the U.S.
financial markets are poised for significant growth,
making his comments at an event with business leaders.
This optimistic forecast follows recent economic indicators
showing inflation cooling to levels not seen in years,
despite mixed responses from markets regarding Trump's
economic policies including tariffs. (Grok)
News
Ethereum's
Lowest BTC Ratio Since 2020 Triggers Liquidation Risk
The
Ethereum Foundation faces potential liquidation of
over $100 million in assets if Ethereum's price drops
to $1,100, amidst a historic low in the ETH/BTC trading
ratio not seen since May 2020. This financial maneuver
is part of Ethereum's strategy to manage its treasury
through decentralized finance (DeFi), highlighting
both the risks and innovative approaches to crypto-asset
management in a volatile market. (Grok)
News
Gold
funds burst out of the blocks in 2025 as returns rocket
Australian
gold funds are shaping up for a bumper year as mining
companies start to capitalise on record prices, helping
the stocks to finally catch up to the performance
of the precious metal.
Portfolio
managers were left frustrated last year after a jump
in production costs held back ASX-listed gold producers
from riding the rally in the spot prices to record
levels. The VanEck Gold Miners exchange-traded fund
climbed nearly 20 per cent in 2024 versus a 38 per
cent rally for the gold price in Australian dollars.
But
easing cost inflation that has plagued the mining
sector for the last three years and an ongoing surge
in prices has seen the trend reverse course. VanEck’s
Gold Miners ETF is up 17 per cent already this year
while the Aussie dollar spot price has climbed 6.3
per cent.
Local
fund managers are bullish that gold has much further
to run after the US dollar price climbed above $US2942
an ounce for the first time and the Australian dollar
gold price breached $4500 an ounce.
Victor
Smorgon Partners’ Resource Gold Fund returned
a chunky 13.3 per cent in January and portfolio manager
Cameron Judd believes the valuations of ASX gold stocks
still don’t reflect the outlook for the yellow
metal.
“Gold’s
performance in times of uncertainty or crisis could
see it push towards $US3600,” Mr Judd said. “Despite
the strong gold price performance and fundamentals
supporting further appreciation, gold miners are trading
at discounted valuations on the ASX.”
Wall
Street’s biggest banks believe a $US3000 price
tag is imminent. Citi said it was possible within
the next three months, while JPMorgan has a year-end
target of $US3150. Bank of America said on Thursday
that gold could reach $US3500 an ounce if investment
demand rises 10 per cent this year.
The
unprecedented surge in the gold price has been fuelled
by investors seeking safe haven assets as US President
Donald Trump unleashes aggressive trade and geopolitical
policies. There are fears the president will accelerate
inflation, forcing central banks to raise rates in
a way that damages global growth.
Victor
Smorgon’s top holdings include ASX-listed Vault
Minerals and the world’s largest gold miner,
US-based Newmont, which recently acquired Newcrest.
The fund also owns Australia’s biggest gold miner
Northern Star, which agreed to buy rival De Grey in
a $5 billion deal. (AFR) *Full article and coverag
via subscription to The Australian Financial Review.
News
Australia
Northern
Star paying top dollar for gold rival
Northern
Star has offered $5 billion to buy De Grey Mining,
with De Grey shareholders to vote on the offer on
16 April. De Grey is the company behind the Hemi gold
prospect in Western Australia, which is thought to
hold at least 11 million ounces of gold and which
is slated to produce 530,000 ounces annually in its
first decade of operation. KPMG, which was engaged
to provide an independent assessment of Northern Star's
offer, has valued DeGrey at between $4 billion and
$4.79 billion, inclusive of a premium for control.
It concludes that the offer is "fair and reasonable
and therefore is in the best interests of De Grey
shareholders, in the absence of a superior proposal".
(Roy Morgan Summary)
News
March
12, 2025
Crypto
market tumbles after stocks
Market
picture
Crypto
market capitalisation has been falling to $2.5 trillion
following the rumbling fall of the US stock market.
It is dipping below the peaks of early 2024 and late
2021. Previously, a similar decline would complete
a corrective pullback, attracting buyers. However,
the chances of such an outcome are now lower than
in previous years due to the powerful influence of
traditional financial companies, which has strengthened
the link between the crypto market and stock dynamics.
For
now, though, we can argue that there is less terror
in crypto. The Fear and Greed Index is at 24 (+4 points
for the day), while the low point was a week earlier
at 10.
Bitcoin
slipped towards $76.5K in the early hours of Tuesday
but has popped above $80K at the time of writing,
approaching Monday’s consolidation levels. A
bearish pattern persists on the daily timeframes,
which suggests a strengthening sell-off after a failure
under the 200-day moving average. The scenario of
a pullback to the $70-74K area still looks the most
probable for us. This is all the truer as the consolidation
and rebound in early March has taken the short-term
oversold stance out of the market.
Ethereum
is trying to find a pivot point after falling towards
$1750 at the start of Tuesday. These were the lowest
values in the last 17 months. On weekly timeframes,
the RSI oscillator hit its lowest point since mid-2022
- near the bottom of the bear market. Does this signify
an opportunity for the recklessly bold or a breakdown
in the leading altcoin? We will find out in the coming
days.
News
Background
According
to CoinShares, global crypto fund investments fell
by $876 million last week after record outflows of
$2.911 billion a week earlier. Investments in Bitcoin
fell by $756 million; in Ethereum, by $89 million.
Investments in Solana rose by $16 million, in XRP
by $6 million, and in Sui by $3 million.
As
a result of another recalculation, Bitcoin mining
difficulty increased by 1.43% to 112.15T. The growth
did not compensate for a 3.15% drop two weeks ago.
However, the figure came close to the all-time high
of 114.17T reached in January.
Strategy
(former MicroStrategy) intends to raise $21bn through
the sale of preferred shares as part of its At-The-Market
program. The proceeds will be used to buy Bitcoin
and other corporate purposes. (FxPro)
News
March
11, 2025
US
Senator And Congressman Introduce Strategic Bitcoin
Reserve Bills To Buy One Million BTC
Speaking
at the “Bitcoin for America” summit, lawmakers
announced their plans to create a federal bitcoin
reserve that would see the U.S. buy one million BTC.
Today
at the Bitcoin Policy Institute’s “Bitcoin
for America” summit in Washington DC, U.S. Senator
from Wyoming Cynthia Lummis announced that she is
going to reintroduce her strategic Bitcoin reserve
legislation in the Senate today.
“I
am so pleased to announce that today I will be reintroducing
The Bitcoin Act,” Senator Lummis stated. “And
I’ll be joined here shortly by Senator Justice
of West Virginia, who is one of the cosponsors. And
we have several other additional cosponsors. And a
lot of it is a result of the excitement that’s
been building.” (Bitcoin Magazine). *Full article
via Bitcoin Magazine
News
XRP
wins Media Man 'Crypto Of The Month' award
News
Markets
Australian
Dollar: $0.6317 USD (up $0.0020 USD)
Iron Ore Apr Spot Price (SGX): $100.60 USD (up $0.15
USD)
Oil (WTI): $67.70 USD (up $1.14 USD)
Gold: $2,931.74 USD (up $13.03 USD)
Copper (CME): $4.8425 USD (up $0.0500 USD)
Bitcoin: $82,880.91USD (up 0.32% in last 24 hours)
Dow Jones: 41,350.93 (down 82.55 points)
News
Roy
Morgan wins Media Man 'News Services Company Of The
Month' award
News
Media
Australia
Peter
Dutton More Crypto Friendly And Switched On Than Albanese
(Media Man Group)
News
"Dutton
A Genuine Contender" (Sky News Australia)
March
10, 2025
ASX
futures are pointing up 69 points, or by 0.9 per cent,
to 8011.
All
US prices are as of 4.15pm Sunday in New York:
Bitcoin
-3.7% to $US83,138
On
Wall St: Dow +0.5% S&P +0.6% Nasdaq +0.7%
VIX -1.5 to 23.37
Gold -0.1% to $US2909.10 an ounce
Brent oil +1.3% to $US70.36 a barrel
Iron ore +0.3% to $US100.70 a tonne
10-year yield: US 4.3% Australia 4.4%
January
10, 2025
ASX
futures up 33 points or 0.4%
AUD
-0.3% to 61.98 US cents
UK pound -0.4% to $US1.2309
Bitcoin -2.9% to $US91,275 at 7.23am AEDT
US markets closed for Jimmy Carter’s funeral
Stoxx 50 +0.4% FTSE +0.8% DAX -0.1% CAC +0.5%
Spot gold +0.3% to $US2671.00/oz at 1.55pm in New
York
Brent crude +1.2% to $US77.08 a barrel
Iron ore +1% to $US97.40 a tonne
10-year yield: US 4.69% Australia 4.48% Germany 2.56%
US prices as of 1.59pm in New York
News
TKO
AND WESTERN AUSTRALIAN GOVERNMENT EXPAND PARTNERSHIP
TO BRING UFC AND WWE EVENTS TO PERTH
WWE to Take Over RAC Arena with a Premium Live Event,
Friday
Night SmackDown, and Monday Night Raw
UFC
to Return to Perth with Two Events, Including Blockbuster
Pay-Per-View
PERTH, WESTERN AUSTRALIA AND NEW YORK, NY –
TKO Group Holdings, Inc. (NYSE: TKO), together with
the Western Australian Government (WA Government),
today announced an expansion of their partnership
for Perth to host four additional UFC and WWE events
through 2026.
In
addition, under a previous agreement with the WA Government,
RAC Arena will host one UFC FIGHT NIGHT later this
year. In total, Perth will host five UFC and WWE events
over the next two years.
Said
the Hon. Roger Cook MLA, Premier of Western Australia,
"The return of UFC and WWE in 2025 is a major
coup for Western Australia, following the roaring
success of UFC 284 and WWE Elimination Chamber that
collectively injected nearly $50 million into our
economy last year. Both UFC and WWE have proven to
be huge drawcards with a dedicated fan base, and we
expect to see thousands of out-of-state visitors travel
to Perth to attend these blockbusters.
Added
Peter Dropick, Executive Vice President, Event Development
and Operations for TKO, “Perth is a world-class
city, home to many passionate UFC and WWE fans, and
we’re thrilled to expand this partnership with
the WA Government. Perth’s tourism hospitality
is second to none, and UFC and WWE will proudly showcase
the city and its wonderful people to the world through
our global broadcasts reaching more than one billion
homes across 170 countries. We thank Premier Cook
and the WA Government for making this possible.”
WWE’s
return to Perth will feature a massive weekend takeover
later this year across three nights at RAC Arena,
featuring SmackDown®, a Premium Live Event, and
Raw®. These events follow the incredible success
of WWE Elimination Chamber: Perth in February 2024,
which attracted more than 52,000 fans to Optus Stadium
and marked WWE’s long-awaited return to Australia—a
milestone the WA Government played a key role in bringing
about.
In
2024, UFC and the WA Government announced an agreement
to bring two events to Perth over two years. The first
event, UFC® 305: DU PLESSIS vs. ADESANYA, was
a record-breaking achievement, attracting a sold-out
crowd of more than 14,000 fans and setting the mark
for the highest-grossing event in RAC Arena history,
breaking UFC’s own record set in 2023 with UFC®
284: MAKHACHEV vs. VOLKANOVSKI. The second event under
this original agreement with the WA Government, UFC
FIGHT NIGHT, will be held at RAC Arena later this
year.
Details
for all five upcoming UFC and WWE events at RAC Arena,
including ticket on-sale dates, bout cards, and participating
WWE Superstars, will be announced in the months ahead.
Fans
interested in an exclusive WWE presale opportunity
can register now at: wwe.com/WWEAustralia2025.
Likewise,
UFC fans can visit ufc.com/perth
to register for exclusive UFC presale opportunities.
VIP
Experience packages for all these events will also
be available via On Location, TKO’s Official
VIP Experience Provider. These exclusive packages
offer premium seating, VIP access to events, all-inclusive
hospitality, meet-and-greets with athletes and WWE
Superstars, and more. Additional information will
be made available at onlocationexp.com/perth
###
About
UFC®
UFC®
is the world’s premier mixed martial arts organization
(MMA), with more than 700 million fans and approximately
300 million social media followers. The organization
produces more than 40 live events annually in some
of the most prestigious arenas around the world while
broadcasting to over 950 million households across
more than 170 countries. UFC’s athlete roster
features the world’s best MMA athletes representing
more than 70 countries. The organization’s digital
offerings include UFC FIGHT PASS®, one of the
world’s leading streaming services for combat
sports. UFC is part of TKO Group Holdings (NYSE: TKO)
and is headquartered in Las Vegas, Nevada. For more
information, visit UFC.com and follow UFC at Facebook.com/UFC
and @UFC on X, Snapchat, Instagram, and TikTok: @UFC.
About
WWE
WWE®
is an integrated media organization and the recognized
global leader in sports entertainment. The company
consists of a portfolio of businesses that create
and deliver original content 52 weeks a year to a
global audience. WWE is committed to family-friendly
entertainment on its television programming, premium
live events, digital media, and publishing platforms.
WWE’s TV-PG programming can be seen in more than
1 billion households worldwide in more than 20 languages
through world-class distribution partners including
NBCUniversal, The CW, Sony India and Netflix. In the
United States, NBCUniversal’s streaming service,
Peacock, is the exclusive home to all premium live
events, a variety of original programming and a massive
video-on-demand library. Netflix is the exclusive
home for WWE programming around the world, other than
select international markets. WWE is part of TKO Group
Holdings (NYSE: TKO). Additional information on WWE
can be found at wwe.com
and corporate.wwe.com.
About
TKO
TKO
Group Holdings, Inc. (NYSE: TKO) is a premium sports
and entertainment company. TKO owns iconic properties
including UFC, the world’s premier mixed martial
arts organization; WWE, the global leader in sports
entertainment; and PBR, the world’s premier bull
riding organization. Together, these properties reach
210 countries and territories and organize more than
500 live events year-round, attracting more than three
million fans. TKO also services and partners with
major sports rights holders through IMG, an industry-leading
global sports marketing agency; and On Location, a
global leader in premium experiential hospitality.
TKO is majority owned by Endeavor Group Holdings,
Inc. (NYSE: EDR), a global sports and entertainment
company.
Pro
Wrestling
August
- September 2024
WWE
Raw - Bronson
Reed Destroys Seth Rollins with numerous Tsunami's
on RAW
All
Elite Wrestling - Kyle
Fletcher gets a strong promotional push
WWE
- Rhea
Ripley and Damian
Priest are now the Terror Twins; Target Judgment
Day
WWE
- Grayson
Waller and Austin
Theory continue to have miscommunications
WWE
- Dakota
Kai (New Zealand) continues to improve and impress
AEW
-
"Switchblade" Jay White remains one
of the top workers in the promotion and world
Markets
January
4, 2025
ASX
futures up 23 points or 0.3% near 8am AEDT
AUD
+0.2% to 62.16 US cents
Bitcoin
+1.2% to $US98,195 at 8.27am AEDT
On
Wall St at 4pm: Dow +0.8% S&P +1.3% Nasdaq +1.8%
In
New York: BHP -0.8% Rio -0.3% Atlassian +3.3%
Tesla
+8.2% Apple -0.2% Nvidia +4.7% Microsoft +1.1%
Alphabet
+1.3% Amazon +1.8% Meta +0.9%
Mara
+14.1% MicroStrategy +13.2% Iren +8.4%
VIX
-1.8 to 16.13 QQQ +1.6% TLT -0.3%
Stoxx
50 -0.9% FTSE -0.4% DAX -0.6% CAC -1.5%
Spot
gold -0.7% to $US2639.37oz at 4.51pm in New York
Brent
crude +0.9% to $US76.58 a barrel
Iron
ore -2.6% to $US98.30 a tonne
10-year
yield: US 4.60% Australia 4.38% Germany 2.42%
US
prices as of 4.54pm in New York
Markets
and Commodities
November
1, 2024
Australian
Dollar: $0.6579 USD (up $0.0009 USD)
Iron
Ore Nov Spot Price (SGX): $104.10 USD (up $0.30 USD)
Iron
Ore Dec Spot Price (SGX): $103.80 USD (up $0.28 USD)
Oil
Price (WTI): $70.51 USD (up $1.57 USD)
Gold
Price: $2,746.76 USD (down $38.62 USD)
Copper
Price (CME): $4.3600 USD (up $0.0030 USD)
Bitcoin:
$69,991.53 USD (down 2.58% in last 24 hours)
Dow
Jones: 41,763.46 at 4.09pm NY time (down378.08 points
on yesterday's close)
Markets
and Commodities
October
10, 2024
Australian
Dollar: $0.6710 USD (down $0.0040 USD)
Iron
Ore Nov Spot Price (SGX): $105.15 USD (unchanged -
public holiday)
Oil
Price (WTI): $73.36 USD (down $0.55 USD)
Gold
Price: $2,607.14 USD (down $15.75 USD)
Copper
Price (CME): $4.4080 USD (down 0.0605 USD)
Bitcoin:
$60,908.07 USD (down 2.11% in last 24 hours)
Dow
Jones: 42,512.00 at 4.20pm NY time (up 431.63 points
on yesterday's close)
Media
Man is delighted to help assist Australian based pro
wrestling promoters
New
Japan Tamashii (Oceania)
Market,
Commodities and Financial News Snapshot via Media
Man
October
7, 2024
ASX
futures up 26 points or 0.3% to 8215 near 6am AEST
AUD
+0.1% to US68.01¢
Bitcoin
+1.3% to $US62,692
US
10-year yield +13bp to 3.97%
Dow
+0.8% S&P +0.9% Nasdaq +1.2%
FTSE
flat DAX +0.6% CAC +0.9%
Gold
-0.1% to $US2653.60 an ounce
Brent
oil +0.6% to $US78.05 a barrel
Iron
ore -0.3% to $US108.70 a tonne
Markets
and Commodities
October
7, 2024
Australian
Dollar: $0.6786 USD (down $.0054 USD)
Iron
Ore Nov Spot Price (SGX): $108.70 USD (down $0.05
USD)
Oil
Price (WTI): $74.38 USD (up $0.67 USD)
Gold
Price: $2,653.25 USD (down $2.79 USD)
Copper
Price (CME): $4.5675 USD (up 0.0240 USD)
Bitcoin:
$62,679.21USD (up 1.48% in last 24 hours)
Dow
Jones: 42,352.75 (up 341.16 points on Thursday's close)
Energy,
Resources And Mining News: Australia
September
30, 2024
Exports
shock on ore to hit $39bn
Treasurer
Jim Chalmers is set to reveal a final budget surplus
of $15.8bn for 2023-24; this is $6.4bn higher than
was forecast in the budget on 14 May. Chalmers claims
that Labor's second successive surplus is solely due
to lower government spending. However, falling commodity
prices are set to weigh on the budget bottom-line
in coming years. Revised government forecasts show
that resources and energy export earnings will
fall to $372bn in 2024-25, compared with $415bn in
2023-24; the value of iron ore exports is forecast
to fall to $107bn in 2024-25, down from $138bn in
2023-24. Nickel and lithium export earnings are also
expected to fall sharply.
(Roy
Morgan Australia)
News
Minister
told ERA wouldn't sue over lease
Federal
Resources Minister Madeleine King moved to formally
cancel Energy Resources of Australia's long-standing
lease on the Jabiluka uranium deposit in late July.
The Northern Territory government subsequently rejected
ERA's application to renew the lease. It has been
revealed that King's advisers had told her that ERA
would be unlikely to pursue legal action if the Jabiluka
lease was cancelled, given that major shareholder
Rio Tinto opposes mining at Jabiluka without the consent
of the traditional owners. ERA launched a Federal
Court challenge to King's ruling in early August,
claiming that it was denied procedural fairness.
(Roy
Morgan Summary)
News
Telco
turned miner vies for desert gas
Australian-listed
Jade Gas Holdings has a market capitalisation of about
$70m. However, one broker has suggested that this
could potentially rise to around $500m due to its
coal-seam gas project in Mongolia. Jade Gas was initially
listed on the ASX as a Telstra reseller called Westel
Group, before transitioning to a resources group.
Meanwhile, Jade Gas is under scrutiny for commissioning
Hong Kong-based DWK to undertake a drilling program
at its Mongolian tenements; it claimed that DWK had
been drilling gas wells for a decade, but documents
show that the company had not been registered when
Jade announced the contract in June.
(Roy
Morgan Summary)
News
Federal
police drop foreign bribery investigation into Australian
miner
September
28, 2024
The Australian Federal Police launched an investigation
into foreign bribery allegations against Sundance
Resources in 2016. However, an AFP spokeswoman has
advised that the probe has failed to yield sufficient
admissable evidence to refer criminal proceedings
to the Director of Public Prosecutions. The police
investigation centred on allegations that Sundance
had bribed government officials in the Republic of
Congo between 2006 and 2008 in order to advance its
Mbalam-Nabeba iron ore project. The investigation
was complicated by the deaths of several Sundance
executives in a plane crash in the Congo in 2010.
News
Prospector
Mark Creasy wins support for Calidus Resources rescue
September
28, 2024
Creditors of Calidus Resources have backed a proposal
from veteran prospector Mark Creasy to rescue the
failed gold miner from administration. Creasy's proposal
was supported by the majority of Calidus shareholders,
and will result in his West Coast Lending assuming
full ownership of Calidus. The deal with Creasy was
backed after Calidus directors withdrew their support
for an alternative proposal from Petra Capital. West
Coast Lending, which is controlled by Creasy's Yandal
Investments, aims to resume production at Calidus's
Warrawoona gold mine in the Pilbara within months.
(Roy
Morgan Summary)
News
De
Grey quick to snuff out takeover speculation
September
28, 2024
De Grey Mining has dismissed recent media reports
which suggested that the listed gold miner has received
a buyout proposal from Canada-based Agnico Eagle.
De Grey has advised that the article which appeared
in The Australian is 'pure speculation'. De Grey owns
the Hemi deposit in the Pilbara, and it aims to commence
developing a gold mine at the site before the end
of 2024. Agnico Eagle owns the Fosterville mine near
Bendigo in Victoria, and there has been speculation
in recent months that the company is keen to acquire
assets in Western Australia.
News
Victorian
gas projects approved
September
28, 2024
The
federal government has approved two new gas production
licences for Beach Energy near existing projects off
the coast of Victoria. Resources Minister Madeleine
King says gas produced at the Artisan and La Bella
fields will be reserved solely for domestic use and
will help to put downward pressure on gas prices in
NSW and Victoria. The government's decision to approve
the new licences has coincided with the release of
the Australian Competition & Consumer Commission's
latest gas inquiry report, which has warned that the
east coast's gas supply surplus for the March 2025
quarter is likely to be significantly lower than was
previously forecast.
(Roy
Morgan Summary)
Mining via Grok
Mining
refers to the extraction of valuable minerals or other
geological materials from the Earth, which can range
from traditional minerals like gold, silver, coal,
and iron to more modern interests like lithium for
batteries or rare earth elements for technology. Here's
a detailed look into the concept of mining:
Traditional
Mining
Historical
Context: Mining has been pivotal since ancient times,
initially for materials like flint, ochre for body
painting, and later for metals like copper, tin, and
iron which ushered in the Bronze and Iron Ages.
Process:
Modern mining involves several steps: Exploration:
Identifying potential deposits through geological
surveys.
Feasibility Studies: Analyzing the economic viability
of mining operations, including costs, market conditions,
and environmental impact.
Extraction: Methods vary from open-pit mining for
near-surface deposits to underground mining for deeper
ores. Techniques include drilling, blasting, and mechanical
extraction.
Processing: Ore is usually refined to extract the
desired mineral, often involving crushing, grinding,
and chemical processes.
Reclamation: After mining, efforts are made to restore
the land, though this aspect has historically been
controversial due to environmental impacts.
Environmental
and Social Impact: Mining can lead to habitat destruction,
pollution (e.g., acid mine drainage), and social displacement.
However, it's also crucial for economic development
in many regions, providing jobs and contributing to
national economies.
Cryptocurrency
Mining
Concept:
In the context of cryptocurrencies like Bitcoin, mining
does not involve physical digging but rather computational
work. Here, miners validate transactions and add them
to the blockchain, a public ledger of all transactions.
Process:
Transaction Verification: Miners collect transactions
into blocks.
Proof of Work: Miners compete to solve complex mathematical
problems (hashing), requiring significant computational
power.
Block Creation: The first to solve the problem adds
the new block to the blockchain, earning newly minted
cryptocurrency and transaction fees as a reward.
Security: This process also secures the network against
fraudulent transactions.
Energy
Consumption: Cryptocurrency mining, especially for
Bitcoin, has been criticized for its high energy consumption,
leading to discussions on its environmental footprint.
Modern
Innovations and Issues
Sustainable
Practices: There's a push towards more sustainable
mining practices, including the use of renewable energy
for operations, better waste management, and rehabilitation
of mined lands.
Critical
Minerals: The demand for minerals essential for technology
like lithium, cobalt, and rare earth elements has
surged, highlighting new challenges in mining ethics,
geopolitics of mineral supply, and the environmental
impact.
Artisanal
and Small-Scale Mining (ASM): Often seen in developing
countries, ASM provides livelihood but also poses
significant health and environmental risks due to
methods like mercury use in gold extraction.
Technological
Advancements: From autonomous mining vehicles to drones
for exploration, technology is transforming mining
operations, making them safer, more efficient, and
potentially less harmful to the environment.
Mining,
in both its traditional and digital forms, remains
a cornerstone of human civilization, supporting economic,
technological, and societal development, while also
presenting ongoing challenges regarding sustainability
and ethics. (Grok)
Roy Morgan is a former Media Man 'News Outlet Of The
Month' award winner
Markets
And Commodities
August
19, 2024
Australian
Dollar: $0.6665 USD (up $0.0055 USD)
Iron
Ore Sep Spot Price (SGX): $92.30 USD (down $1.25 USD)
Oil
Price (WTI): $76.65 USD (down $1.46 USD)
Gold
Price: $2,508.18 USD (up $51.88 USD)
Copper
Price (CME): $4.1505 USD (up $0.0100 USD)
Bitcoin:
$59,792.97 USD (up 0.64% in last 24 hours)
Dow
Jones: 440,659.76 (up 96.70 points on Thursday's close)
Media/Entertainment:
Australia
TV
Week Logie Awards 2024
Winners
Gold
Logie Award for Most Popular Personality on Australian
Television - Larry Emdur
Best
Drama Program - RFDS, Seven Network
Best
News or Public Affairs Presenter - Ally Langon, A
Current Affair, Nine Network
Best
Comedy Entertainment Program - Have You Been Paying
Attention?, Network Ten
Best
Lead Actor in a Drama - Felix Cameron, Boy Swallows
Universe, Netflix
Beat
Scripted Comedy Program - Utopia, ABC
Best
Current Affairs Program - Australian Story, ABC
Best
Lead Actress in a Drama - Deborah Mailman, Total Control,
ABC
Best
Sports Coverage - FIFA Women's World Cup 2023, Seven
Network
Best
Competition Reality Program - MasterChef Australia,
Network 10
Best
Factual or Documentary Program - John Farnham: Finding
The Voice, Seven Network
Best
Miniseries or Telemovie - Boy Swallows Universe, Netflix
Best
News Coverage or Public Affairs Report - Ben Roberts-Smith:
The Truth, 60 Minutes, Nine Network
Best
Structured Program - Gogglebox Australia, Foxtel and
Network 10
Best
Lifestyle Program - Travel Guides, Nine Network
Bert
Newtown Award for Most Popular Presenter - Larry Emdur,
The Chase Australia and The Morning Show, Seven Network
Best
Supporting Actor - Bryan Brown, Boy Swallows Universe
Best
Lead Actor in a Comedy - Rob Sitch, Utopia, ABC
Graham
Kennedy Award for Most Popular New Talent - Felix
Cameron, Boy Swallows Universe, Netflix
Best
Supporting Actress - Sophie Wilde, Boy Swallows Universe,
Netflix
Best
Children's Program - Bluey, ABC
Best
Entertainment Program - The Voice Australia, Seven
Network
Best
Lead Actress in a Comedy - Kitty Flanagan, Utopia,
ABC
UFC
305
RAC
Arena
Perth, Western Australia
Dricus
du Plessis vs Israel Adesanya - Middleweight Title
Kai
Kara-France vs Steve Erceg
Tai
Tuivasa vs Jairzinho Rozenstruik
Mateusz
Gamrot vs Dan Hooker
Li
Jingliang vs Carlos Prates
Junior
Tafa vs Valter Walker
Josh
Culibao vs Ricardo Ramos
Casey
O'Neill vs Tereza Bleda
Jack
Jenkins vs Gavin Tucker
Tom
Nolan vs Alex Reyes
Song
Kenan vs Ricky Glenn
Stewart
Nicoll vs Jesus Aguilar
*correct
at time of publication
Videos
UFC
305 Embedded: Vlog Series - Episode 1
https://youtube.com/watch?v=bdtnIiKbMoA
Champ
Dricus Du Plessis and Israel Adesanya train for their
title bout; Steve Erceg walks his dog; Jairzinho Rozenstruik
eats after training; Tai Tuivasa arrives in Perth;
Carlos Prates hangs out with his mom; Kai Kara-France
gets a haircut. (Credit: UFC)
UFC
305 Embedded: Vlog Series - Episode 2
https://youtube.com/watch?v=SExOmPWMKVU
Champ
Dricus Du Plessis shows off his belt; The City Kickboxing
team trains together; Mateusz Gamrot explores nature;
Carlos Prates gets one last cardio session in at home;
Steve Erceg hangs out with his parents; Tai Tuivasa
has a hard workout session. (Credit: UFC)
UFC
305 Countdown - Du Plessis vs Adesanya
https://youtube.com/watch?v=wLfQ6aHxELY
The
UFC 305 Countdown previews the intense rivalry between
UFC middleweight champion Dricus Du Plessis and former
champ Israel Adesanya ahead of their historic main
event, which marks the first time two African-born
fighters battle for a UFC title. Don't miss the main
card action that kicks off at 10pm ET / 7pm PT on
Saturday August 17. (Credit: UFC)
"Cultural
roots run deep for the people of Africa. The pride
of the nation is echoed through its sporting culture.
In recent years the rise of African fighters in the
UFC has been clear and present" ... Narrator
Websites
UFC
395
http://ufc.com/event/ufc-305
UFC
Official Website
http://ufc.com
UFC
YouTube
http://youtube.com/UFC
Media
Man: Very solid card. History will be made. Pumped!
Mining,
Energy and Resources: Australia and Oceania
August
9, 2024
News
Legal
fees for BHP class action top $680m
Law
firm Pogust Goodhead is representing about 600,000
participants in a class action over Brazil's Samarco
iron ore tailings dam collapse in 2015. The firm estimates
that its legal fees could be around Stg250m, while
total legal fees arising from the case could exceed
Stg350m. Documents filed with the UK's High Court
show that BHP's share of the legal costs have been
forecast at around Stg108m; however, this is just
for the first stage of the trial, and BHP will face
a further legal bill if the resources group is found
liable for the disaster in Brazil. Samarco is a joint
venture between BHP and Vale.
(Roy
Morgan Summary)
News
Win
for Fortescue in private eye battle
Federal
Court judge Brigitte Markovic has dismissed an application
by Element Zero's founders to access the instructions
that Fortescue gave to private investigators who had
been hired to put them under surveillance. Fortescue
alleges that its former employees Bart Kolodziejczyk,
Bjorn Winther-Jensen and Michael Masterman used its
intellectual property to develop Element Zero's rival
green steel technology. Justice Markovic ruled that
the instructions given to the private investigators
are likely to be subject to legal professional privilege.
News
Creasy
in talks for Macquarie's $148m debt at miner Calidus
Macquarie
Bank has a four per cent stake in Calidus Resources,
while it holds $148m of the failed gold producer's
debt. Sources have indicated that Macquarie has finalised
the terms of a deal to sell its Calidus loan at a
price that is at or near its carrying value. The buyer
of the debt is believed to be Yandal Investments,
the private investment vehicle of Western Australian
billionaire Mark Creasy. His deal to acquire Macquarie's
debt could give Creasy an edge over other potential
bidders for Calidus or its assets, which include the
Warrawoona gold project and a 40 per cent stake in
the Pirra lithium joint venture.
News
Win
for Whitehaven, MACH as court rejects climate bid
The
High Court has dismissed the Environment Council of
Central Queensland's application for special leave
to appeal the Federal Court's decision to allow two
NSW coal mine extension projects to proceed. The court
had ruled in May that federal Environment Minister
Tanya Plibersek had acted lawfully in handling the
environmental approvals process for the Whitehaven
Coal and MACH Energy projects. The ECCQ had initiated
legal action against the proposed mine expansions
in 2022.
(Roy
Morgan Summary)
Mining,
Energy and Resources: Australia and Oceania
August
7, 2024
News
Liontown
wants lithium breaks as prices teeter
Association
of Mining & Exploration Companies CEO Warren Pearce
says it is holding talks with the Western Australian
government with regard to royalty relief for lithium
producers. The price of spodumene has fallen to $US870
($1,337) per tonne, and Liontown Resources CEO Tony
Ottaviano contends that the government should intervene
in order to avert a similar crisis to the rout that
hit the nation's industry. He has also suggested that
the federal government should expand its production
tax credit scheme to include the upstream processing
of spodumene.
(Roy
Morgan Summary)
News
MinRes
job cuts add to thousands lost in WA's mining sector
route
A
spokesman for Mineral Resources has confirmed that
the iron ore and lithium producer will reduce its
head count, although the bulk of the job cuts will
be at its Perth head office. Mineral Resources has
not disclosed the extent of the job losses, although
it is believed to be about 100. The move follows the
company's recent decision to mothball its high-cost
iron ore mines in Western Australia's Yilgarn region
and a delay in the expansion of the Wodgina lithium
mine. WA's mining sector has already been hit by massive
job losses in the nickel industry in 2024.
(Roy
Morgan Summary)
News
Iron
ore 'must learn from nickel pain'
Dino
Otranto, the CEO of Fortescue's mining arm, has warned
that Australia risks missing out amid the global shift
to 'green' steel'. He has called for increased collaboration
between industry and government to ensure that the
nation capitalises on the decarbonisation of the steel
industry. He adds that the demise of Australia's nickel
industry provides a timely warning for iron ore producers.
News
Jilted
ERA heads to court over Jabiluka mine axing
Energy
Resources of Australia wants the Federal Court to
undertake a judicial review of the Northern Territory
government's decision to not renew its mining lease
for the Jabiluka uranium deposit. ERA contends that
it was denied "procedural fairness and natural
justice" in the decision to permanently ban mining
at Jabiluka. Amongst other things, ERA has questioned
the haste with which federal Resources Minister Madeleine
King advised the NT government to reject an extension
of the mining lease, which is slated to expire on
11 August.
News
Newmont
fights $130m 'restructuring' tax bill
The
Australian Taxation Office contends that Newmont Corporation
owes it some $132.6m in capital gains tax liabilities
arising from a restructuring in 2011. The tax dispute
is believed to centre on Newmont's decision to consolidate
ownership of its local mines under its Newmont Australia
subsidiary; this included a transaction in which two
of the mining giant's North American subsidiaries
sold their holdings in Newmont Australia back to it.
Newmont contends that the transfer was an internal
restructure rather than a share sale, and it should
therefore not attract capital gain taxes
News
Watchdog
threatens 'critical' Browse
Woodside
Energy's CEO Meg O'Neill has emphasised the importance
of the company's Browse LNG project. She contends
that Browse is the only gas field of sufficient size
to meet the forecast demand for energy over the near-term.
The Browse project's future is under scrutiny following
a preliminary ruling from Western Australia's Environmental
Protection Authority that it presents a "unacceptable
risk" to marine ecology. The EPA is expected
to make a final recommendation on the project in 2025,
although it can be overruled by the federal government.
O'Neill has also defended Woodside's deal to acquire
a low-carbon ammonia project in the US.
(Roy
Morgan Summary)
Media
Man Int
Media
Man Int X
Elon
Musk’s X Files Antitrust Suit Against Global
Advertising Alliance
August
6, 2024
Elon
Musk’s social media platform X has launched a
significant antitrust lawsuit against the Global Alliance
for Responsible Media (GARM) and several of its member
companies, alleging an illegal ad boycott that targeted
the platform. The lawsuit, filed in Texas, is aimed
at GARM, its parent firm World Federation of Advertisers
(WFA), and members including CVS Health, Mars, Orsted
and Unilever.
In
an open letter to advertisers, X CEO Linda Yaccarino
highlighted the reasons behind the lawsuit, stating
that it was a direct response to GARM’s actions
which allegedly cost the company billions of dollars.
“This is not a decision we took lightly, but
it is a direct consequence of their actions,”
Yaccarino wrote. “The illegal behavior of these
organizations and their executives cost X billions
of dollars” per The New York Post.
The
lawsuit is seeking trebled compensatory damages and
injunctive relief, according to a complaint viewed
by The New York Post. GARM, led by Robert Rakowitz,
is an initiative of the WFA, which represents many
of the world’s largest companies and ad organizations,
including Disney and Coca-Cola. Its members control
90% of global marketing spending, nearly $1 trillion
per year.
Yaccarino
emphasized that the issue extends beyond financial
damages. “This case is about more than damages
— we have to fix a broken ecosystem that allows
this illegal activity to occur,” she added.
According
to The New York Post, the suit argues that the boycott
undermined the marketplace of ideas by financially
harming certain viewpoints over others. (Credit: PYMNTS)
Full
article and coverage via PYMNTS
https://pymnts.com/cpi-posts/elon-musks-x-files-antitrust-suit-against-global-advertising-alliance/
PYMNTS
is a former Media Man 'Business News Outlet Of The
Month' award winner and finalist
News
Elon
Musk takes GARM, several companies to court over alleged
advertising boycott of X outlined in bombshell report
August
7, 2024
Tech
billionaire Elon Musk has taken several companies
and an advertising alliance to court over allegations
of a "boycott" of X.
Elon
Musk has waged “war” against advertisers
as his social media platform X filed an antitrust
lawsuit against a global ad alliance and several major
companies, accusing them of illegally boycotting the
site.
X
filed a suit in a federal court in Texas against the
World Federation of Advertisers (WFA), the Global
Alliance for Responsible Media (GARM) and its members
CVS Health, Mars, Orsted and Unilever.
The
suit comes after a report from the US House of Representatives
Judiciary Committee found GARM and its members “directly
organised boycotts” and employed other indirect
tactics to target disfavoured “platforms, content
creators” and news organisations to demonetise
them.
It
alleges that GARM’s boycott led advertisers to
pull money from X under the guise of “brand safety”
concerns.
X’s
CEO Linda Yaccarino argued this tactic hindered users
on the social media platform from accessing a wide
breadth of ideas by funding alternative viewpoints.
“The
consequence - perhaps the intent - of this boycott
was to seek to deprive X’s users, be they sports
fans, gamers, journalists, activists, parents or political
and corporate leaders, of the Global Town Square,”
she wrote.
“To
put it simply, people are hurt when the marketplace
of ideas is undermined and some viewpoints are not
funded over others as part of an illegal boycott.”
Mr
Musk shared his colleague’s statement to the
platform and boldly declared: “We tried peace
for 2 years, now it is war.”
He
later encouraged “any company who has been systematically
boycotted” to file a suit.
Following
his post, video sharing platform Rumble joined Mr
Musk’s lawsuit, claiming it has also been impacted
towards GARM’s alleged skew away from right wing
voices and ideologies.
The
platform announced its move on X where it accused
GARM of being “a conspiracy to perpetrate an
advertiser boycott of Rumble and others, and that's
illegal”.
Since
Musk took over the social media platform in October
2022, X has suffered a serious dive in ad dollars
with the platform taking in US$2.5 billion in 2023,
according to Bloomberg.
This
was down from the US$1bn it was bringing in every
quarter of 2022.
Musk
triggered controversy again in November 2023 when
he endorsed an anti-Semitic conspiracy theory that
Jewish communities push “hatred against whites”.
The
X owner responded: “You have said the actual
truth,” sparking an advertiser exodus that was
reported to have lost the company as much as $75m,
per The New York Times.
He
made headlines again in the same month after blasting
advertisers boycotting the social media platform,
boldly declaring: “Go f**k yourself”.
“If
somebody is going to try to blackmail me with advertising,
blackmail me with money, go f**k yourself. Go f**k
yourself. Is that clear? I hope it is,” he said.
(Sky News Australia)
Full
article and coverage via Sky News Australia
https://www.skynews.com.au/business/media/elon-musk-takes-garm-several-companies-to-court-over-alleged-advertising-boycott-of-x-outlined-in-bombshell-report/news-story/7bac6243aada770042d14ca84afc23e7
Technology
News (Media Man Int) https://mediamanint.com/news3.html
Advertising
News (Media Man Int) https://mediamanint.com/advertising_news.html
Media
News (Media Man Int) https://mediamanint.com/news2.html
Yahoo
Finance wins Media Man 'Business News Outlet Of
The Month' award
PYMNTS
wins Media Man 'Businees News Outlet Of The Month'
award
Market,
Commodities and Financial News Snapshot via Media
Man
August
7, 2024
Australian
Dollar: $0.6520 USD (up $0.0024 USD)
Iron
Ore Sep Spot Price (SGX): $102.85 USD (down $0.70
USD)
Oil
Price (WTI): $72.96 USD (down $1.02 USD)
Gold
Price: $2,389.45 USD (down $19.96 USD)
Copper
Price (CME): $4.0095 USD (up $0.0085 USD)
Bitcoin:
$56,485.71 USD (up 3.10% in last 24 hours)
Dow
Jones: 38,997.66 at 5.02pm NY time (up 294.39 points
on yesterday's close)
(Roy
Morgan Summary)
The
Australian Financial Review - Media and Marketing
News
Corp puts Foxtel up for sale after asset review
By
Sam Buckingham-Jones
August
9, 2024
News
Corp, the publishing and broadcast giant controlled
by the Murdoch family, has put its majority-owned
Australian pay television platform Foxtel up for sale
after a nine-month strategic review of its assets.
Outlining
its financial results on Friday, News Corp said there
was “third-party interest” in Foxtel, which
owns a pay TV business, streaming services Binge and
Kayo Sports, and aggregation platform Hubbl.
“We
are confident in the company’s long-term prospects
and are continuing to review our portfolio with a
focus on maximising returns for shareholders,”
News Corp chief executive Robert Thomson said.
“That
review has coincided recently with third-party interest
in a potential transaction involving the Foxtel ...
We are evaluating options for the business with our
advisors in light of that external interest.”
News
Corp owns 65 per cent of Foxtel, and Telstra owns
the rest.
Foxtel
has spent the past decade pivoting to the streaming
era, building Kayo and Binge – which have much
leaner profit margins – while preserving its
legacy base of around 1 million subscribers who pay,
on average, $90 a month. It has grown its total paying
subscription base to 4.7 million people.
Any
sale of Foxtel would have a flow-on effect on long-term
content deals, multi-billion dollar sports rights
packages, and more.
Mr
Thomson told analysts that News Corp had a “significant
overture that we are naturally assessing”, but
declined to provide further details.
“We
have full faith in the potential of Foxtel and the
talented team at Foxtel,” he said. “On behalf
of shareholders, we have to evaluate any interest
… You’ll have to stay tuned. Not indefinitely,
not perpetually, not ad infinitum.” (Credit:
The Australian Financial Review) @FinancialReview
Full
article via subscription to The Australian Financial
Review
https://www.afr.com/companies/media-and-marketing/news-corp-puts-foxtel-up-for-sale-20240809-p5k0yv
Media
Man Int
Subscription
News (Media Man Int)
https://www.mediamanint.com/subscription_news.html
#NewsCorp
#Foxtel #FoxtelNews #FoxtelGroup #AFR #FinancialReview
#Kayo #KayoSports #Binge #Hubbl #SubscriberTV #PayTV
#subscription #subscriptionnews #TV #mediabusiness
#medianews #businessnews #biz #newswire #newsfeed
#trend #trends #Australia #media
Gold
News
Blogs
Media
Man Business Blog
Media
Man News Blog
Websites
The
Sydney Morning Herald - Gold
The
Sydney Morning Herald - Currencies
The
Sydney Morning Herald - Mining
The
Australian Financial Review - Commodities
Market
Index - Gold
MarketWatch
- Futures
Fatured
Websites
FX
Pro
NASDAQ
Mining.com.au
The
Australian Mining Review
FOX
Business FOX
News - US Economy
Daily
Updates via Media
Man Int X
FxPro
- Gold
Business
News: Australia
(Roy
Morgan Summary)
ASX
to fall as investors await big tech earnings
July
22, 2024
Futures
pricing suggests that Australian equities will shed
about 0.8 per cent when the market opens on Monday,
following a negative lead from Wall Street. A dearth
of local economic data means that investors will be
focused on offshore markets over the coming week;
the quarterly reporting season in the US is likely
to attract scrutiny, with two of the seven major technology
companies set to release their latest financial results
in coming days. The S&P/ASX 200 fell 0.8 per cent
to 7,961.6 points on Friday.
(Roy
Morgan Summary)
News
Lithium
stocks targeted by short sellers
Australian
Securities & Investments Commission data has revealed
that seven companies on the ASX had more than 10 per
cent of their shares reported as shorted as at 12
July, compared to just one in the previous year. Companies
involved in the mining of lithium and other materials
used in the manufacture of electric vehicles account
for seven of the 10 most shorted stocks on the ASX,
with 21.06 per cent of Pilbara Minerals shares reported
as shorted. Oscar Oberg from Wilson Asset Management
says Pilbara Minerals' reported short position is
unheard of; he adds that Pilbara Minerals is being
shorted because demand for electric vehicles is not
as strong as had been forecast.
News
Mortgage
cliff turns into a subsiding wave
PEXA
Group's chief economist Julie Toth believes that the
rush for Australians to refinance their mortgage loans
has peaked. She adds that rather than a 'mortgage
cliff', the nation has experienced only a 'wave' as
borrowers have shifted their loans to variable interest
rates after their fixed-loan period expired. Toth
adds that there has been a slight increase in mortgage
arrears and distressed sales in response to the Reserve
Bank's aggressive monetary policy tightening cycle;
she expects arrears to remain stable if there are
no more interest rate increases.
News
CSR's
insulation price rise 'could be gouging'
Insulation
distributor Consolidated Energy alleges that building
materials group CSR misused its market power to 'gouge'
suppliers with huge increases in the price of insulation;
it is seeking internal documents and board papers
in order to prove its claim. Consolidated Energy is
asking the Federal Court to grant its request that
CSR be required to hand over information relating
to price increases between June 2021 and June 2022;
Consolidated Energy alleges that CSR was limiting
supply to distributors and imposing big price increases
in order to benefit its own business.
News
Coal
boss: use gas to ease the transition
Data
from the Australian Energy Market Operator has revealed
that no renewable energy project that was in the commissioning
stage reached full output in June. This was despite
an increase in renewable energy projects being ready
to come online, prompting calls from Delta Electricity
CEO Richard Wrightson for gas to be included in the
federal government's Capacity Investment Scheme. With
Delta being the owner of the Vales Point coal plant
in NSW, Wrightson says gas is the only technology
available now that can solve the firming problem,
but it is the only technology that is being supported
by the government's scheme.
News
Fortescue
now marching 'to the one beat'
July
20, 2024
(Roy
Morgan Summary)
Andrew
Forrest surprised investors at its 2020 AGM when he
outlined a vision for the iron ore mining company
that would see it become a green energy behemoth.
He said Fortescue would be targeting production of
as much as 235 gigawatts or renewable energy, more
than five times the capacity of Australia's National
Electricity Market at the time. However, Forrest has
now conceded it cannot achieve its target of producing
15 million tonnes of green hydrogen a year by 2030
because of soaring energy costs, although he contends
Fortescue's green energy dream is still alive. Fortescue
will now bring its iron ore and green energy units
back together, with Forrest saying that all of the
company are "all marching in the same direction,
to the same drum beat".
(Roy
Morgan Summary)
Commodities
News: Gold via Media Man and FxPro
July
7, 2024
Weakness
in gold's growth
Gold
has lost 0.9% since the start of Monday, almost back
to the point where it was trading before the release
of jobs data on Friday. Perhaps the very first market
reaction to the data release highlighted the mindset
of key market participants: they are ready to sell.
Gold
has been on an upward trend since the last few days
of June, leading the price up 4% to $2390 at its peak
on Friday. This can largely be attributed to the dollar's
1% decline, as gold often moves with a higher amplitude.
Weak
employment figures also pushed up the gold price on
Friday, leading to a weaker dollar and bringing the
start of rate cuts closer. However, we note the momentum
of the 0.8% decline in gold in the first moments after
publication.
The
subsequent market reaction was a "worse is better"
style: the weakness in the labour market increased
expectations of a rate cut soon, which boosted risk
appetite. But this is a very unsustainable play, as
not all the negativity in the macro economy is disinflationary.
Just the opposite, we saw confirmation of wage growth
(4.1% y/y) above inflation (3.3% y/y). At the same
time, the previous months' hiring figures were revised
downward, and the unemployment rate reached a 31-month
high.
Thus,
the economic situation is deteriorating faster than
inflation is slowing. A key rate cut, in this case,
would be an attempt to support economic growth rather
than remove excessive tightness in monetary policy.
That is, the chances of a cut for "bad"
reasons rather than good ones are growing, which is
negative for risk appetite in the medium term.
On
the charts, gold has so far hit resistance at $2390,
which also caused a local reversal in April. Further
improvement in risk appetite in global financial markets
cannot be ruled out and may be helped by the reporting
season. Gold's ability to gain strength above $2390
could serve as an important price signal, heralding
a fresh assault on historical highs near $2450.
However,
we see more chance of further pressure on the gold
price. We see the 50-day moving average at $2340 as
the first signalling point. If this line is stormed
without bullish resistance, the price could quickly
retreat to the $2300 area, which is crucial for determining
the dynamics for the coming months. A fall below it
would be seen as a break of the bullish trend since
October when the Fed first signalled its willingness
to cut rates.
Markets
and Commodities
July
9, 2024
Australian
Dollar: $0.6735 USD (down $0.0003 USD)
Iron
Ore Aug Spot Price (SGX): $108.75 USD (down $1.50
USD)
Oil
Price (WTI): $82.30 USD (down $0.86 USD)
Gold
Price: $2,358.93 USD (down $32.66 USD)
Copper
Price (CME): $4.6035 USD (down $0.0645 USD)
Bitcoin:
$56,215.84 USD (down 1.75% in last 24 hours)
Dow
Jones: 39,344.79 (down 31.08 points on Friday's close)
(Roy
Morgan Summary)
Economic
conditions (including inflation and prices) are the
biggest challenge facing Australian farmers
A
special Roy Morgan survey of Australian farmers shows
a majority of farmers (57%) say the biggest challenge
they are facing is economic conditions (including
inflation/prices), up 8% points from a year ago and
up a large 22% points from 2022.
In
a clear second place is Government policy mentioned
by 23% of farmers, almost doubling from a year ago
(up 11% points from 2023) and up by 17% points from
2022. Over the last two years Government policy has
increased from equal fifth to a clear second place
in the list of challenges.
Staffing
issues, including finding sufficient labour for their
farms, are the third most prominent issue and mentioned
by 18% of farmers as the biggest challenge they face,
up 5% points from a year ago.
Filling
out the top five issues were weather, mentioned by
16% of farmers, business viability, also at 16% and
somewhat surprisingly, climate change, mentioned by
only 7% of farmers and down from a year ago.
News
Finance
/ World Business News
Euro,
Gold, Crypto and more via Media Man and FX Pro
A
strong current account surplus may not help euro
The
eurozone's current account surplus climbed to a six-month
high of 31.9bn in December. Analysts, on average,
had expected a decline to 20.3 bn from 22.5 bn the
previous month. The current level was seen in the
eurozone during the relatively benign pre-Covid period
and sometime before Natural Gas prices spiked in the
second half of 2021.
The
normalisation of the surplus is good news for the
single currency, as it means more net capital inflows
into the region. But this growth has been fuelled
by falling imports, which can be the result of lower
commodity and energy prices (which is a very good
thing), but also partly indicative of a slowdown in
domestic demand. This threatens to translate into
economic contraction in the coming months.
The
euro area experienced periods of severe import contraction
in late 2008 and early 2010, and in both cases, the
economy experienced a severe downturn. Back in 2008,
all this was accompanied by the collapse of the euro.
Gold
Gold
rises but within a downward channel
Gold
rallied for the fourth consecutive session to reach
$2023, recovering almost all the losses suffered the
week before on the back of the inflation report. Gold's
ability to rally suggests continued domestic demand,
as some investors are clearly rushing to buy back
any losses.
At
the same time, however, we note that since the beginning
of the year, gold has been characterised by solid
selloffs on the news, forming a smooth downtrend.
In the context of this downtrend, a rise to $2040-2045,
which is the upper boundary of the bearish range,
looks quite acceptable.
The
area around $2035 - the highs of two weeks ago - also
appears to be a crucial intermediate level. Confident
buying from this level would be the first important
signal that the recent correction is over and that
gold is ready to make a fresh assault on the highs.
Much
more important, however, will be the behaviour of
gold as it approaches the $2050 level, where the reversal
of the decline in late January took place.
Consolidation
at this level would confirm the breakdown of the downtrend
and set the stage for a move towards $2100 and the
subsequent renewal of historic highs.
However,
as long as gold is trading within the downtrend, there
is a greater chance of a breakdown or even an acceleration
of the downtrend.
Among
the fundamental factors, the potential for growth
could be provided by the fall in the dollar if Fed
officials show a softening of their position, bringing
the start of interest rate cuts closer.
On
the bearish side, equities could come under pressure
following the optimistic rally in the tech giants
and the news of a sharp slowdown in economic activity.
We also do not rule out the possibility that the recent
support measures for the Chinese stock market and
property sector will cool demand for gold as a safe-haven
for investors from that part of the world.
Websites
The
Sydney Morning Herald - Gold
The
Sydney Morning Herald - Currencies
The
Sydney Morning Herald - Mining
The
Australian Financial Review - Commodities
Market
Index - Gold
MarketWatch
- Futures
Profiles
Markets
Business
Gold
Mining
Currency
Jewelry
Luxury
World
Australasian
Gaming Expo
Advertising
Promotions
Gold
is a chemical element with the symbol Au (from Latin:
aurum) and atomic number 79. This makes it one of
the higher atomic number elements that occur naturally.
It is a bright, slightly orange-yellow, dense, soft,
malleable, and ductile metal in a pure form. Chemically,
gold is a transition metal and a group 11 element.
It is one of the least reactive chemical elements
and is solid under standard conditions. Gold often
occurs in free elemental (native state), as nuggets
or grains, in rocks, veins, and alluvial deposits.
It occurs in a solid solution series with the native
element silver (as electrum), naturally alloyed with
other metals like copper and palladium, and mineral
inclusions such as within pyrite. Less commonly, it
occurs in minerals as gold compounds, often with tellurium
(gold tellurides).
Gold
is resistant to most acids, though it does dissolve
in aqua regia (a mixture of nitric acid and hydrochloric
acid), forming a soluble tetrachloroaurate anion.
Gold is insoluble in nitric acid alone, which dissolves
silver and base metals, a property long used to refine
gold and confirm the presence of gold in metallic
substances, giving rise to the term 'acid test'. Gold
dissolves in alkaline solutions of cyanide, which
are used in mining and electroplating. Gold also dissolves
in mercury, forming amalgam alloys, and as the gold
acts simply as a solute, this is not a chemical reaction.
A
relatively rare element,[6][7] gold is a precious
metal that has been used for coinage, jewelry, and
other arts throughout recorded history. In the past,
a gold standard was often implemented as a monetary
policy. Gold coins ceased to be minted as a circulating
currency in the 1930s, and the world gold standard
was abandoned for a fiat currency system after the
Nixon shock measures of 1971.
In
2020, the world's largest gold producer was China,
followed by Russia and Australia.[8] A total of around
201,296 tonnes of gold exists above ground, as of
2020.[9] This is equal to a cube with each side measuring
roughly 21.7 meters (71 ft). The world consumption
of new gold produced is about 50% in jewelry, 40%
in investments and 10% in industry.[10] Gold's high
malleability, ductility, resistance to corrosion and
most other chemical reactions, and conductivity of
electricity have led to its continued use in corrosion-resistant
electrical connectors in all types of computerized
devices (its chief industrial use). Gold is also used
in infrared shielding, production of colored glass,
gold leafing, and tooth restoration. Certain gold
salts are still used as anti-inflammatories in medicine.
(Wikipedia)
News
Trends Bitcoin
News Cryptocurrency
News
Sky
News Australia - Business News
The
Sydney Morning Herald - Business
News.com.au
- Finance - Business
The
Australian Financial Review - Companies
AFR
- Companies Index
The
Australian Financial Review - Media and Marketing
Valuetainment
- Business
Financial
Times
In
economics, a commodity is an economic good or service
that has full or substantial fungibility: that is,
the market treats instances of the good as equivalent
or nearly so with no regard to who produced them.
The
price of a commodity good is typically determined
as a function of its market as a whole: well-established
physical commodities have actively traded spot and
derivative markets. The wide availability of commodities
typically leads to smaller profit margins and diminishes
the importance of factors (such as brand name) other
than price.
Most
commodities are raw materials, basic resources, agricultural,
or mining products, such as iron ore, sugar, or grains
like rice and wheat. Commodities can also be mass-produced
unspecialized products such as chemicals and computer
memory.
Hard
and soft commodities
Soft
commodities are goods that are grown, such as wheat,
or rice.
Hard
commodities are mined. Examples include gold ,silver,
helium, and oil.
Energy
commodities include electricity, gas, coal and oil.
Electricity has the particular characteristic that
it is usually uneconomical to store, and must therefore
be consumed as soon as it is produced.
(Wikipedia)
Features
Sports
Business Daily
Sports
Business Coverage Here
Media
Business
Big
Tech
Gold
News
SEO
News
AI
News
News
Finance
/ World Business News
Euro,
Gold, Crypto and more via Media Man and FX Pro
A
strong current account surplus may not help euro
The
eurozone's current account surplus climbed to a six-month
high of 31.9bn in December. Analysts, on average,
had expected a decline to 20.3 bn from 22.5 bn the
previous month. The current level was seen in the
eurozone during the relatively benign pre-Covid period
and sometime before Natural Gas prices spiked in the
second half of 2021.
The
normalisation of the surplus is good news for the
single currency, as it means more net capital inflows
into the region. But this growth has been fuelled
by falling imports, which can be the result of lower
commodity and energy prices (which is a very good
thing), but also partly indicative of a slowdown in
domestic demand. This threatens to translate into
economic contraction in the coming months.
The
euro area experienced periods of severe import contraction
in late 2008 and early 2010, and in both cases, the
economy experienced a severe downturn. Back in 2008,
all this was accompanied by the collapse of the euro.
Gold
Gold
rises but within a downward channel
Gold
rallied for the fourth consecutive session to reach
$2023, recovering almost all the losses suffered the
week before on the back of the inflation report. Gold's
ability to rally suggests continued domestic demand,
as some investors are clearly rushing to buy back
any losses.
At
the same time, however, we note that since the beginning
of the year, gold has been characterised by solid
selloffs on the news, forming a smooth downtrend.
In the context of this downtrend, a rise to $2040-2045,
which is the upper boundary of the bearish range,
looks quite acceptable.
The
area around $2035 - the highs of two weeks ago - also
appears to be a crucial intermediate level. Confident
buying from this level would be the first important
signal that the recent correction is over and that
gold is ready to make a fresh assault on the highs.
Much
more important, however, will be the behaviour of
gold as it approaches the $2050 level, where the reversal
of the decline in late January took place.
Consolidation
at this level would confirm the breakdown of the downtrend
and set the stage for a move towards $2100 and the
subsequent renewal of historic highs.
However,
as long as gold is trading within the downtrend, there
is a greater chance of a breakdown or even an acceleration
of the downtrend.
Among
the fundamental factors, the potential for growth
could be provided by the fall in the dollar if Fed
officials show a softening of their position, bringing
the start of interest rate cuts closer.
On
the bearish side, equities could come under pressure
following the optimistic rally in the tech giants
and the news of a sharp slowdown in economic activity.
We also do not rule out the possibility that the recent
support measures for the Chinese stock market and
property sector will cool demand for gold as a safe-haven
for investors from that part of the world.
Cryptocurrency
Crypto
market growth halted amid capital inflows
Market
picture
The
crypto market has corrected 0.46% in the last 24 hours,
fluctuating within a narrow range without a clear
direction. Bitcoin is down 1% but up 3.7% over seven
days, Ethereum is flat for the day but up 10.6% over
the week. The top coins are mixed with BNB +2% and
Solana -2.5%.
Bitcoin
is currently drawing its fourth daily candle with
opening and closing levels close to each other. Such
sideways consolidations are characteristic of strong
bull markets, as opposed to corrective pullbacks on
smoother rallies.
Ethereum
hit local highs on rumours of a positive regulatory
decision before the end of March. Bloomberg analyst
James Seyffarth bet 4 ETH that the SEC will not approve
a spot Ethereum ETF next month.
According
to data from CoinShares, investment in crypto funds
rose by a record $2.452 billion last week, following
inflows of $1.116 billion the previous week.
Bitcoin investments increased by $2.424 billion, Ethereum
by $21 million, Cardano lost $6 million, and Solana
lost $1.6 million.
Since
the beginning of the year, crypto funds have seen
inflows of an impressive $5.2 billion, with total
AUM rising to $67 billion, the highest since December
2021.
News
background
Bitcoin
will see institutional support in the next three to
six months, according to Coinbase. Bitcoin ETFs could
eventually become a major competitor to gold funds.
According to IntoTheBlock, there is an 85% chance
that Bitcoin will reach a new all-time high within
the next six months. Five factors could contribute
to this: the halving of the price, ETFs, monetary
easing, the US election, and companies accumulating
BTC as part of their treasuries.
Former
CIA contractor Edward Snowden, who has been living
in Russia since 2013, called bitcoin the most significant
achievement of the financial system in the entire
existence of money and means of exchange.
Amberdata
admitted that Ethereum will outpace Bitcoin in terms
of growth due to more constructive deflationary policies.
The supply of ETH has been decreasing since September
2022, thanks to the update of The Merge, as well as
the implementation of a mechanism to burn part of
the commissions. During this time, around 0.36 million
ETH, or 0.3% of the total supply of 120 million coins,
have been removed from circulation.
Via
Roy Morgan Research and Media Man social media
Copper,
gold, and Bitcoin rise; Iron ore and oil fall; ASX
to fall in response to selling on Wall Street; US
vetoes Arab-backed UN resolution demanding ceasefire
in Gaza; Assange's lawyers warn that he risks 'flagrant
denial of justice' if he is tried in US
Latest
updates on Key Economic Indicators
21
February 2024
Roy
Morgan Summary
Australian
Dollar: $0.6550 USD (up 0.0011 USD)
Iron Ore Mar Spot Price (SGX): $120.85 USD (down $6.40
USD)
Oil
Price (WTI): $78.27 USD (down $1.02 USD)
Gold
Price: $2,024.37 USD (up $6.43 USD)
Copper
Price (CME): $3.8595 (up $0.0465 USD)
Bitcoin:
$52,059.35 (up 0.35% in last 24 hours)
New
report reveals Roy Morgan is one of Australia's leading
data companies - with in-depth information on millions
of Australians based on their Helix Personas
Market
Research Update
20
February 2024
Roy
Morgan Summary
Roy
Morgan leads the way as one of Australia's leading
data companies. A special in-depth report into Australia's
leading data companies interviewed Roy Morgan CEO
Michele Levine and Executive Chairman Gary Morgan
about the role the company plays in compiling data
and building profiles of different Australians. One
of Roy Morgan's key products is 'Helix Personas' which
profiles people under headings such as "young
and platinum", "smart money", "cautious
conservatives", "fair go", "working
hard" and nearly 50 other personas. For example,
the "young and platinum" group love their
mobile devices and are "always on the hunt for
the shiny, new and cool" and "making the
rent". Their income is around the $64,000 a year
mark and they can often be found "living a conventional
life centred around family".
Roy
Morgan CEO Michele Levine confirmed that the Helix
Personas market segments are based on statistical
information, not data from individual people. "It's
totally ethical. Unlike Facebook or any of these things,
it's not any particular individual", Roy Morgan's
chief executive Michele Levine, said.: 38,582.12 at
3.22pm NY time (down 45.87 points on Friday's close)
Roy
Morgan wins three-year contract to deliver domestic
tourism statistics for Austrade
21
February 2024
Roy
Morgan Summary
From
2025, Roy Morgan will provide Austrade with the world's
best practice survey methodology, big data integration
and modelling techniques to deliver accurate domestic
tourism statistics. Roy Morgan has reimagined the
future of domestic tourism statistics to move Austrade
and its stakeholders to the forefront of tourism intelligence
with a new platform that will drive the future of
Australia's tourism industry, which is estimated to
be worth in excess of $160 billion. Portia Morgan,
the Head of Client Services at Roy Morgan, says that
using face-to-face interviewing, which is the gold-standard
for surveying the population, enhanced with big data
and cutting-edge data science techniques, Roy Morgan
will be delivering a future-proofed system that will
be cost effective, reliable, and accurate. She adds
that Roy Morgan has been delivering survey-based tourism
insights via its Holiday Tracking Survey for 20+ years
and the company is thrilled to be working with Austrade
and the broader industry to provide a deeper of understanding
of how many people are travelling, where they go,
what they do and how they spend their valuable tourism
dollars.
Anti-mining
PM pushes BHP's cash offshore
Roy
Morgan Summary
It
is somewhat hypocritical of the federal government
to flag possible support for Australia's nickel industry,
given that Labor's anti-mining legislation may jeopardise
the expansion of BHP's copper operations in South
Australia. BHP is still likely to proceed with an
expansion, but the previously touted investment of
between $10bn and $15bn is now only a 50 per cent
chance. The new labour laws in the government's industrial
relations reforms mean that BHP is now more likely
to redirect much of this capital investment to its
criticals minerals projects in other countries; rival
miner Rio Tinto is already doing this.
More
than 2.7 million New Zealanders now read newspapers
and magazine audiences surge to over 1.7 million
21
February 2024
Roy
Morgan has released its readership results for New
Zealand's newspapers and magazines for the 12 months
to December 2023. The data shows that 2.73 million
New Zealanders aged 14+ (64.4%) now read or access
newspapers in an average 7-day period via print or
online (website or app) platforms. In addition, 1.71
million New Zealanders aged 14+ (40.3%) read magazines,
whether in print or online either via the web or an
app. The New Zealand Herald is still the nation's
most widely-read publication, with a total cross-platform
audience of 1,720,000 in the 12 months to June 2023
- almost five times as many as the second placed Dominion
Post with a readership of 341,000. Meanwhile, New
Zealand's most widely read magazine is still the driving
magazine AA Directions, which had an average issue
readership of 379,000 during the year to December
(an increase of 63,000 on a year ago).
These
are the latest findings from the Roy Morgan New Zealand
Single Source survey of 6,254 New Zealanders aged
14+ over the 12 months to December 2023.
New
report reveals Roy Morgan is one of Australia's leading
data companies - with in-depth information on millions
of Australians based on their Helix Personas
Market
Research Update
20
February 2024
Roy
Morgan Summary
Roy
Morgan leads the way as one of Australia's leading
data companies. A special in-depth report into Australia's
leading data companies interviewed Roy Morgan CEO
Michele Levine and Executive Chairman Gary Morgan
about the role the company plays in compiling data
and building profiles of different Australians. One
of Roy Morgan's key products is 'Helix Personas' which
profiles people under headings such as "young
and platinum", "smart money", "cautious
conservatives", "fair go", "working
hard" and nearly 50 other personas. For example,
the "young and platinum" group love their
mobile devices and are "always on the hunt for
the shiny, new and cool" and "making the
rent". Their income is around the $64,000 a year
mark and they can often be found "living a conventional
life centred around family". Roy Morgan CEO Michele
Levine confirmed that the Helix Personas market segments
are based on statistical information, not data from
individual people. "It's totally ethical. Unlike
Facebook or any of these things, it's not any particular
individual", Roy Morgan's chief executive Michele
Levine, said.
(Credit:
Roy Morgan Research)
Roy
Morgan Summary
Roy
Morgan leads the way as one of Australia's leading
data companies. A special in-depth report into Australia's
leading data companies interviewed Roy Morgan CEO
Michele Levine and Executive Chairman Gary Morgan
about the role the company plays in compiling data
and building profiles of different Australians.
One
of Roy Morgan's key products is 'Helix Personas' which
profiles people under headings such as "young
and platinum", "smart money", "cautious
conservatives", "fair go", "working
hard" and nearly 50 other personas. For example,
the "young and platinum" group love their
mobile devices and are "always on the hunt for
the shiny, new and cool" and "making the
rent". Their income is around the $64,000 a year
mark and they can often be found "living a conventional
life centred around family". Roy Morgan CEO Michele
Levine confirmed that the Helix Personas market segments
are based on statistical information, not data from
individual people. "It's totally ethical. Unlike
Facebook or any of these things, it's not any particular
individual", Roy Morgan's chief executive Michele
Levine, said.
(Credit:
Roy Morgan Research)
Media
Man
Warrner
Bros
Profile
In
2010, the Warner Bros. Pictures Group broke the all-time
industry worldwide box office record with receipts
of $4.814 billion, which surpassed the prior record
of $4.010 billion (set by the Studio in 2009). Warner
Bros. also established a new industry benchmark for
the international box office with a total of $2.93
billion (marking a record third time of crossing the
$2 billion threshold) and retained its leading domestic
box office ranking with receipts of $1.884 billion.
2010 also marked the 10th consecutive year Warner
Bros. Pictures passed the billion dollar mark at both
the domestic and international box offices. Warner
Home Video was, once again, the industry’s leader,
with an overall 20.6 percent marketshare in total
DVD and Blu-ray sales. The companies comprising the
Warner Bros. Television Group and Warner Bros. Home
Entertainment Group remain category leaders, working
across all platforms and outlets, and are trendsetters
in the digital realm with video-on-demand (transaction
and ad-supported), branded channels, original content,
anti-piracy technology and broadband and wireless
destinations.
The
Warner Bros. Pictures Group brings together the Studio’s
motion picture production, marketing and distribution
operations into a single entity. The Group, which
includes Warner Bros. Pictures and Warner Bros. Pictures
International, was formed to streamline the Studio’s
film production process and bring those businesses’
organizational structures in line with Warner Bros.’
television and home entertainment operations.
Warner
Bros. Pictures produces and distributes a wide-ranging
slate of some 18-22 films each year, employing a business
paradigm that mitigates risk while maximizing productivity
and capital. Warner Bros. Pictures either fully finances
or co-finances the films it produces and maintains
worldwide distribution rights. It also monetizes its
distribution and marketing operations by distributing
films that are totally financed and produced by third-parties.
The Studio’s 2011 slate includes “Sucker
Punch,” “The Hangover Part II,” “Green
Lantern,” “Harry Potter and the Deathly
Hallows – Part 2,” “Happy Feet 2”
and “Sherlock Holmes: A Game of Shadows.”
Warner
Bros. Pictures International is a global leader in
the marketing and distribution of feature films, operating
offices in more than 30 countries and releasing films
in over 120 international territories, either directly
to theaters or in conjunction with partner companies
and co-ventures.
New
Line Cinema, part of Warner Bros. Entertainment since
2008, coordinates its development, production, marketing,
distribution and business affairs activities with
Warner Bros. Pictures to maximize film performance
and operating efficiencies. Highlights of New Line’s
2011 release slate, distributed by Warner Bros., include
“Horrible Bosses,” “Final Destination
5,” “A Very Harold & Kumar 3D Christmas”
and “New Year’s Eve.”
The
Warner Bros. Television Group oversees and grows the
entire portfolio of Warner Bros.’ television
businesses, including worldwide production, traditional
and digital distribution, and broadcasting. In the
traditional television arena, WBTVG produces primetime
and cable (Warner Bros. Television and Warner Horizon
Television), first-run syndication (Telepictures Productions)
and animated (Warner Bros. Animation) programming,
which is distributed worldwide by two category-leading
distribution arms/operations (Warner Bros. Domestic
Television Distribution and Warner Bros. International
Television Distribution).
Among
the primetime series produced by divisions of the
Warner Bros. Television Group are “Two and a
Half Men,” “The Big Bang Theory,” “The
Mentalist,” “Mike & Molly,” “Fringe,”
“Gossip Girl,” “The Vampire Diaries,”
“Nikita,” “The Middle,” “Southland,”
“The Closer,” “Rizzoli & Isles,”
“Supernatural,” “The Bachelor,”
“Pretty Little Liars,” “Randy Jackson
Presents America’s Best Dance Crew” and
many more. Also produced by the company are first-run
syndicated programs such as “The Ellen DeGeneres
Show,” “TMZ” and “Extra,”
among others, as well as animated shows “Scooby-Doo!
Mystery Incorporated” and “Young Justice.”
WBTVG
is an innovative leader in developing new business
models for the evolving television landscape, including
ad-supported video-on-demand, broadband and wireless,
and has digital distribution agreements in place with
all of the broadcast networks. Internationally, the
Studio is one of the world’s largest distributors
of feature films, television programs and animation
to the worldwide television marketplace, licensing
some 50,000 hours of television programming, including
more than 6,000 feature films and 50 current series,
dubbed or subtitled in more than 40 languages, to
telecasters and cablecasters in more than 175 countries.
WBTVG
provides original shortform programming for the broadband
and wireless marketplace through its Studio 2.0 digital
venture, and its digital media sales unit is devoted
specifically to multiplatform domestic advertiser
sales for both broadband and wireless. WBTVG continues
its strategic expansion into digital production and
distribution with the launch of several advertiser-supported
entertainment destinations, including TheWB.com, a
premium, video-on-demand interactive and personalized
network and KidsWB.com, a premium destination built
around youth-oriented immersive entertainment.
The
final component of WBTVG is broadcasting: The CW Television
Network, launched (in partnership with CBS) in September
2006 with quality, diverse programming, is targeted
to the 18–34 audience.
Warner
Bros. Animation’s combined classic and contemporary
library currently boasts 14,000 animated episodes
and shorts which air on domestic broadcast networks,
as well as cable networks and in direct-to-video releases
around the world. The classic library includes such
brands as Looney Tunes, Merrie Melodies, Hanna-Barbera
and Ruby-Spears as well as such beloved characters
as Bugs Bunny, Daffy Duck, Sylvester, Tweety, Taz,
Tom and Jerry, Popeye, Batman, Superman, the Flintstones,
the Jetsons and Scooby-Doo.
Warner
Bros. Home Entertainment Group brings together Warner
Bros. Entertainment’s home video (Warner Home
Video), digital distribution (Warner Bros. Digital
Distribution), interactive entertainment/videogames
(Warner Bros. Interactive Entertainment), direct-to-consumer
production (Warner Premiere), technical operations
(Warner Bros. Technical Operations) and anti-piracy
(Warner Bros. Anti-Piracy Operations) businesses in
order to maximize current and next-generation distribution
scenarios. WBHEG is responsible for the global distribution
of content through DVD, electronic sell-through and
transactional VOD, and delivery of theatrical content
to wireless and online channels. It is also a significant
worldwide publisher for both internal and third party
videogame titles.
In
2010, Warner Home Video dominated the U.S. market
as the number one company in total sell-through video
(DVD and Blu-ray combined) with 20.6% marketshare,
theatrical catalog, TV on DVD, non-theatrical family
and animation, Blu-ray and VOD. WHV has been the number
one studio in overall DVD sales 14 consecutive years,
and is also the leading studio in the international
home video space.
With
more than 3,700 active licensees worldwide, Warner
Bros. Consumer Products licenses the rights to names,
likenesses and logos for all of the intellectual properties
in Warner Bros. Entertainment’s vast film and
television library. With a global network of offices
and agents in key regions throughout the world, including
North America, Latin America, Asia and Europe, WBCP
maintains an ongoing commitment to expand and build
the power of its core brands’ recognition in
the international marketplace through strong and creative
merchandising, promotional marketing and retail programs.
DC
Entertainment’s DC Comics has been in continuous
publication for more than 60 years, and is the leading
comic book publisher in the industry and the creator
of some of the world’s most recognized icons.
DC’s characters continue to headline blockbuster
feature films, live-action and animated television
series, direct-to-video releases, collectors’
books, online entertainment, digital publishing, countless
licensing and marketing arrangements and, most recently,
graphic novels. DC continues to attract new readers
and fans all over the world with its signature characters
Superman, Batman, Wonder Woman and Justice League
leading the way.
Warner
Bros. International Cinemas provides a true state-of-the-art
movie experience to audiences in Japan with more than
60 multiplex cinemas and more than 600 screens internationally.
One of the pioneers in multiplex development for the
international marketplace, WBIC is continually exploring
new markets for expansion. (Credit: Warner Bros. Entertainment)
Press
Release
09
August 2010
MICROGAMING SET TO LAUNCH THE LORD OF THE RINGS™:
THE FELLOWSHIP OF THE RING ONLINE VIDEO SLOT GAME
First Title to Utilize Proprietary Cinematic Spins™
Technology Allowing Players to Experience the Film
with Every Spin
ISLE
OF MAN – Microgaming today announced the imminent
launch of a new flagship game, The Lord of the Rings:
The Fellowship of the Ring Online Video Slot Game.
This slot game is the first to utilise Microgaming’s
new Cinematic Spins™ technology, allowing gamers
to see clips from the films with every spin.
The
Lord of the Rings: The Fellowship of the Ring is a
new online slot game that is part of a multi-year
licensing agreement Microgaming signed with Warner
Bros. Digital Distribution in 2009. The company is
developing a series of cutting-edge, graphic rich
video slots based on this popular movie trilogy and
will use animation material, themes, and characters,
from the trilogy of The Lord of the Rings™ motion
pictures that include The Lord of the Rings: The Fellowship
of the Ring, The Lord of the Rings: The Two Towers
and The Lord of the Rings: The Return of the King.
These online slot games will be available to adults
only in countries where online gaming is permitted.
The
Lord of the Rings: The Fellowship of the Ring is the
first online video slot to use Microgaming’s
Cinematic Spins™ state-of-the-art gaming technology.
This allows movie clips to act as moving backgrounds
behind the reels during spins providing players an
unprecedented level of excitement and immersion.
Win sequences and expanding wilds also use cinematic
clips, instead of traditional animated graphics. The
slots feature famous scenes from the film including
Ringwraiths during the attack at Weathertop, Balrog
in the Mines of Moria, and Uruk-hai in the woods of
Middle-earth. Players will also enjoy seeing characters
from the films that include Frodo, Aragorn, Saruman
and the deadly Black Riders.
Roger
Raatgever, CEO Microgaming comments: “Microgaming
has always been ahead of the curve with innovative
offerings, but this game really does push the boundaries
of what an online slot can do. The Lord of the Rings:
The Fellowship of the Ring looks and feels like an
extension of the big screen film experience and we’re
confident that our operators will see a great deal
of demand from their players, when the game is released.
This is an important deal for Microgaming and highlights
our commitment to partner with the right brands, at
the right time. The Lord of the Rings is one of the
most successful and well loved brands on the planet
and we are excited about combining this widespread
appeal with Microgaming’s groundbreaking software.”
The
Lord of the Rings Trilogy generated $3 billion in
worldwide box office receipts and was nominated for
a total of 30 Academy Awards®; of which they won
17, including Best Picture.
-
Ends -
Notes to editors:
*Cinematic Spins is a trademark held by Microgaming
©
2010 New Line Productions, Inc. All rights reserved.
The Lord of the Rings: The Fellowship of the Ring,
The Lord of the Rings: The Two Towers, The Lord of
the Rings: The Return of the King and the names of
the characters, items, events and places therein are
trademarks of The Saul Zaentz Company d/b/a Middle-earth
Enterprises under license to New Line Productions,
Inc.
For
further information please contact:
Duncan Skehens / Laura Moss/ Lyndsay Haywood
Lansons Communications
020 7490 8828
DuncanS@lansons.com / LauraM@lansons.com / LyndsayH@lansons.com
Warner Bros. Digital Distribution
Peter
Binazeski
818-977-5701
peter.binazeski@warnerbros.com
About Microgaming (www.microgaming.com)
Since the company developed the first true online
Casino software over a decade ago, it has led the
industry in providing innovative, reliable gaming
solutions. Thanks to an unrivalled R&D programme,
that averages 60 games per year and a unique ‘partnership’
approach to working with operators; Microgaming software
powers over 160 market-leading online gaming sites.
The company’s front and back-end software supports
multi-player, multi-language games - over 500 of them,
all uniquely branded and provides platforms for land-based
and wireless gaming. Microgaming powers the world’s
largest Progressive Jackpot Network and has paid out
over €265million. In May 2009 it created the
biggest ever online jackpot winner with a single payment
win of €6.37m.
As
a founding member of eCOGRA, Microgaming is at the
forefront of an initiative focused on setting the
highest standards in the gaming industry, and leads
in the areas of fair gaming, responsible operator
conduct and player protection. Microgaming has been
awarded eCOGRA’s Certified Software Seal following
a rigorous onsite assessment to ensure that the development,
implementation and maintenance of the software is
representative of industry best practice standards
Microgaming licensees are therefore eligible to apply
for the eCOGRA Safe & Fair Seal.
About
Warner Bros. Digital Distribution
Warner Bros. Digital Distribution (WBDD) manages Warner
Bros. Home Entertainment Group's (WBHEG) electronic
distribution over existing, new and emerging digital
platforms, including pay-per-view, electronic sell-through,
video-on-demand, wireless and more. WBDD also oversees
the WBHEG's worldwide digital strategy, partnerships
in digital services and emerging new clients and business
activities in the digital space.
News
2009
With
Time Warner sitting on $7 billion in cash, the
Marvel deal has ignited rumours of a second wave
of consolidation in the media industry. Dream
Works Animation, home of Shrek, is seen as a potential
takeover candidate, as is MGM with its huge library
of classic films. The games firms Electronic Arts
and Take Two Interactive, with its Grand Theft
Auto franchise, are also being touted as potential
buys.
Profile
Warner
Bros. Entertainment, Inc. (also known as Warner
Bros. Pictures, or simply Warner Bros.) is one
of the world's largest producers of film and television
entertainment.
It is a subsidiary of Time Warner, with its headquarters
in Burbank, California and New York City. Warner Bros.
has several subsidiary companies, including Warner
Bros. Studios, Warner Bros. Pictures, Warner Bros.
Interactive Entertainment, Warner Bros. Television,
Warner Bros. Animation, Warner Home Video, TheWB.com
and DC Comics. Warner owns half of The CW Television
Network.
Founded in 1918 by Jewish immigrants from Poland,
Warner Bros. is the third-oldest American movie studio
in continuous operation, after Paramount Pictures,
founded in 1912 as Famous Players, and Universal Studios,
also founded in 1912.
|
