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Combat Sports Week At Media Man; Elon Musk's X And Grok Take Publishers, Reporters, Fans Et Al Around The World Of Sports In A TKO Second!: Media Man

October 1, 2024

News

Alex Pereira's Arrival for UFC 307

Alex Pereira, known as 'Poatan', is gearing up for a highly anticipated UFC fight at UFC 307 against Khalil Rountree Jr., scheduled for October 2024. The fight week has begun with both fighters, including notable figures like Jose Aldo, checking in for the event. There's considerable excitement around this match, primarily due to the knockout capabilities of both fighters. Pereira has publicly stated his intention to 'break' Rountree, intensifying the event's buildup. Discussions and analyses have focused on Pereira's recent UFC activities, potential retirement, and the high stakes of the main event, suggesting it could be one of the most thrilling UFC main events recently. Additionally, Khalil Rountree hinted at employing a never-before-seen move during the fight, adding an element of mystery and anticipation. (Grok)

News

UFC 307 and DWCS Week 8

UFC 307 is generating significant buzz, particularly for the main event where Alex Pereira has promised an intense confrontation against Khalil Rountree, vowing to 'break' him. This fight is not only a highlight of the event but also showcases both fighters' formidable striking power, with predictions leaning towards a knockout rather than a decision. Alongside this main event, the UFC community is abuzz with excitement for other matchups, discussing fighters' skills and predicting outcomes. Concurrently, the Dana White's Contender Series (DWCS) Week 8 is taking place, spotlighting emerging talents like Christien Savoie, who are competing for the chance to earn UFC contracts. The DWCS not only serves as a platform for new fighters but also engages fans with live events and betting odds, adding another layer of anticipation and discussion around the UFC's upcoming events. (Grok)

News

UFC 307 Fight Week

UFC 307, scheduled for Saturday, features a highly anticipated main event between Alex Pereira, known for his striking prowess, and Khalil Rountree Jr., who has hinted at a unique move he might employ during the fight. The event has sparked considerable interest among fans and analysts, with discussions focusing on the fighters' capabilities and potential outcomes. Alongside the main event, the Dana White Contender Series (DWCS) Week 8 is also taking place, offering emerging fighters a chance to secure UFC contracts. Notable fighters like Jose Aldo, Kevin Holland, and Stephen Thompson are also highlighted, adding to the excitement with their upcoming matches. The event is set to be broadcast live, with various analyses and predictions circulating among enthusiasts. (Grok)

News

Torrez Finney's Third DWCS Victory

Torrez Finney achieved a significant milestone by becoming the first fighter to win three times on Dana White's Contender Series (DWCS). In his third appearance on DWCS, which took place on October 1, 2024, Finney secured a first-round TKO victory over Abdellah Er-Ramy. This performance not only marked his third win on the series but also showcased his dominant skills, leading to widespread acclaim across social media platforms, particularly X (formerly known as Twitter). Following this victory, there was a consensus among observers and fans that not offering Finney a UFC contract would be an oversight, given his undefeated record and his consistent performance under the DWCS spotlight. This achievement cements his status as a top prospect in the middleweight division, with many expecting him to finally receive a UFC contract. (Grok)

News

Khalil Rountree's Mystery Move at UFC 307

Ahead of UFC 307, Khalil Rountree Jr. has hinted at employing a unique, never-before-seen technique in his upcoming fight against Alex Pereira, the current light heavyweight champion. Rountree, known for his striking prowess, aims to dethrone Pereira with a knockout, seeking to establish himself as a formidable force in the UFC. The event has drawn significant attention, with fans and analysts speculating on Rountree's strategy and the potential outcome of this high-stakes match. Meanwhile, new sparring footage of Pereira with Sean Strickland has been released, showcasing Pereira's skills and improvement in English. Other notable fighters like Kevin Holland and Jose Aldo are also featured in the event, but the main event between Pereira and Rountree remains the focal point, with expectations set high for an explosive encounter. (Grok)

News

Diyar Nurgozhay's Head Kick KO

Diyar Nurgozhay recently showcased his striking prowess at Dana White's Contender Series, where he secured a notable victory via a head kick knockout against Bartosz Szewczyk during the light heavyweight bout at DWCS 74. This event took place on October 1, 2024, at the UFC Apex in Las Vegas. Nurgozhay, maintaining his undefeated record, delivered the knockout in the second round, further solidifying his reputation in the MMA community. This performance not only electrified the audience but also significantly boosted his potential for earning a UFC contract, given the platform's purpose of scouting new talent for the UFC roster. This victory adds to Nurgozhay's highlight reel, known for his finishing capabilities, as he continues his journey with an eye on the UFC. (Grok)

News

New WWENXT Logo Debuts on The CW

WWE NXT has introduced a new logo as part of its transition to The CW network, marking the beginning of a new era for the wrestling brand. The rebranding, effective from October 1, 2024, aims to evoke a more classic aesthetic. The debut on The CW was highlighted by various wrestling personalities and news outlets, with many expressing enthusiasm for the new look and the show's premiere. The debut episode featured significant matches, including a championship bout and a street fight, indicating a strong start to NXT's new chapter on The CW. (Grok)

News

Roxanne Perez Retains NXT Title with Cora Jade's Return

Roxanne Perez successfully defended her NXT Women's Championship against Giulia in a recent WWE NXT event, marked by an unexpected twist when Cora Jade returned to assist Perez in retaining her title. This intervention was pivotal in Perez's victory, sparking varied reactions among fans. While some expressed disappointment with the match's conclusion and the manner of Giulia's defeat, others were thrilled by Cora Jade's comeback, anticipating new storylines. Despite the controversial finish, the match received praise for its quality. (Grok)

News

Mixed Reactions to New NXT Titles

Based on the information gathered from posts on X and general web sentiment, the introduction of new NXT titles has generated a mix of reactions among fans and observers:

Design Critique: There's a noticeable divide over the aesthetic of the new NXT titles. Some fans have expressed a preference for the previous designs, particularly the "rainbow titles" which were admired for their vibrant yet balanced color scheme. The new designs have been described by some as less appealing initially, but there's an acknowledgment that acceptance might grow over time. For instance, one user likened the transition in perception from the old to the new titles humorously, suggesting that while the initial reaction might be negative, eventual adaptation is expected.

Nostalgia and Change: The change in title designs seems to reflect broader changes within NXT, including its move to The CW network. This shift has stirred mixed feelings, with some fans feeling nostalgic about the "black and gold" era of NXT, which these new titles symbolically depart from. However, there's also excitement about what this change could mean for NXT's future, especially with the involvement of figures like Shawn Michaels in crafting the new era.

Performance and Presentation: Despite mixed feelings about the titles' design, there's a consensus on the quality of the matches and the presentation of NXT on The CW. The debut of NXT on this new platform, highlighted by significant matches like Ethan Page vs. Trick Williams for the NXT Title, and the involvement of high-profile figures or matchups, indicates that while the titles themselves might be divisive, the content and direction of NXT are still highly anticipated and discussed.

Fan Engagement: The new titles have certainly engaged the fanbase, sparking conversations not just about design but about what these changes signify for NXT's identity and its place within WWE's broader ecosystem. This engagement ranges from criticism to cautious optimism, with some fans seeing it as a necessary evolution for NXT to stand out in the crowded landscape of wrestling entertainment.

Cultural and Identity Shifts: There's an underlying discussion about what these titles represent for NXT's brand identity. Some fans have humorously or critically remarked on the choice of design, questioning if it aligns with NXT's desire to carve out a unique identity or if it's merely a shift for the sake of change. This touches on broader themes of brand evolution and fan acceptance of change in professional wrestling.

In summary, while the new NXT titles have sparked a variety of reactions from critique over their design to nostalgia for previous eras, there's an underlying excitement about the narrative and performance aspects of NXT's new chapter. The conversation around these titles encapsulates fans' emotional connection to NXT's history and their hopes or concerns for its future under its new presentation. (Grok)

News

Wes Lee Wins Street Fight at WWENXT

During a recent WWE NXT event, Wes Lee defeated Zachary Wentz in a highly praised street fight. The match, described as both brutal and entertaining, featured intense action characteristic of street fights. Both wrestlers received acclaim for their performance, with fans and commentators noting the match as a highlight of the evening's programming. The fight included dramatic moments, such as Wentz missing a table dive, adding to the spectacle. This victory for Wes Lee was celebrated, with many expressing enthusiasm for the match's quality and hoping for future encounters between the two. (Grok)

News

WWE Bad Blood

WWE Bad Blood is making a comeback in 2024, marking the fourth event under this name and the first since 2004. Here's what you need to know:

Event Date and Location: The event is scheduled for Saturday, October 5, 2024, at the State Farm Arena in Atlanta, Georgia. This date coincides with the 27th anniversary of the first Bad Blood event.

Broadcast Details: Bad Blood 2024 will be available via traditional pay-per-view (PPV) worldwide and will also air on WWE's streaming platforms, specifically Peacock in the United States and WWE Network internationally.

Historical Significance: The original Bad Blood in 1997 introduced the Hell in a Cell match, which has been a staple of the event, including in its previous iterations in 2003 and 2004.

Matches and Card: One of the main matches includes Liv Morgan vs. Rhea Ripley for the Women’s World Championship, with a unique twist where Dominik Mysterio will be suspended above the ring in a shark cage to prevent interference.

There's also speculation and reports about a Hell in a Cell match between CM Punk and Drew McIntyre, though there was some uncertainty about whether this would be the main event or if a tag team match involving Roman Reigns, Cody Rhodes, Solo Sikoa, and possibly Jacob Fatu would close the show. However, recent discussions and fan reactions suggest a strong possibility of Punk vs. McIntyre main eventing due to the historical significance of Hell in a Cell at Bad Blood.

Themes and Anniversaries: The event is not only a nod to its own history but also leverages the anniversary of the first Hell in a Cell match. The involvement of high-profile figures like CM Punk, Drew McIntyre, and the intertwining storylines with Roman Reigns and Cody Rhodes adds layers to the event's narrative.

Fan and Industry Buzz: There's considerable excitement around the return of Bad Blood, especially concerning how WWE will utilize the Hell in a Cell structure this time, given its history with the event. Fan posts on platforms like X (formerly Twitter) show anticipation for the matches, particularly the potential main events, and how WWE might script the outcomes to impact ongoing WWE storylines.

This event represents not just a wrestling spectacle but a significant moment in WWE's calendar, blending nostalgia with current rivalries, making Bad Blood 2024 a must-watch for WWE fans. (Grok)

News

Beterbiev vs Bivol: Clash of the Undefeated

The latest on Beterbiev vs. Bivol, titled "Clash of the Undefeated," centers around their upcoming fight scheduled for October 12, 2024, in Riyadh, Saudi Arabia. Here's what's been circulating and reported:

Fight Details: Artur Beterbiev (20-0, 20 KOs) will face Dmitry Bivol (23-0, 12 KOs) in a unification bout for the IBF, WBC, WBO, and WBA light heavyweight titles, marking a significant event in boxing as both fighters are undefeated.

Beterbiev's Condition: After a knee injury forced a postponement from an initially planned June fight, Beterbiev has confirmed his 100% recovery and readiness for this bout. His approach to training and recovery underscores his intent to maintain his 100% knockout record.

Bivol's Perspective: Dmitry Bivol has expressed that this fight is not personal but a professional challenge to become the undisputed champion. His strategy likely involves his well-known boxing skills, with an emphasis on counterpunching and movement, aiming to possibly outbox or even, as speculated by some like Chris Algieri, potentially knock down Beterbiev.

Public and Expert Opinions: There's a mix of predictions and excitement around this match. Some fans and analysts believe Bivol's boxing IQ and defensive skills might give him an edge, while others favor Beterbiev's relentless pressure and knockout power. The discussion often revolves around whether Bivol's style can withstand or adapt to Beterbiev's aggressive tactics.

Undercard and Event: The undercard features notable fights, enhancing the event's appeal. Names like Chris Eubank Jr., Fabio Wardley, and Jai Opetaia add to the night's boxing spectacle.

General Sentiment: The fight is widely anticipated as one of the biggest in 2024, not just for the titles at stake but for the clash of styles and the potential for defining moments in both fighters' careers. The narrative around this fight often highlights the rarity of seeing two such high-caliber, undefeated champions facing off, especially at light heavyweight.

This event is not just a fight for belts but is seen as a significant moment in boxing, where the outcome could solidify one fighter's legacy or dramatically alter perceptions of both in the sport. (Grok)

News

AEW Dynamite 5-Year Anniversary Show

The AEW Dynamite 5-Year Anniversary Show, set for October 2, 2024, at the Petersen Events Center in Pittsburgh, PA, is gearing up to be a landmark event for All Elite Wrestling. Here's what's on the slate based on the latest information:

Main Event: A high-stakes, title-for-title match is scheduled where Bryan Danielson will defend his AEW World Championship against Kazuchika Okada, who is bringing his AEW Continental Championship into the match. However, there's a twist: Okada's championship will only be on the line for the first 20 minutes of the match. If the match goes beyond that, only Danielson's AEW World Championship remains in contention.

Another Title Defense: Will Ospreay will defend his AEW International Championship against Ricochet. This match has been highlighted as part of the anniversary celebration.

Other Matches:
Hangman Adam Page is set to face Juice Robinson. Dr. Britt Baker, D.M.D. will return for a match, although the opponent hasn't been specified in the latest updates provided, there was mention of her facing Serena Deeb in some fan discussions or reports.

Special Features: The episode is not just about the matches but also about celebrating five years of AEW Dynamite. Tony Khan, AEW's President, has teased a significant announcement which could potentially set the tone for the future of AEW. This adds an element of anticipation beyond the in-ring action.

Broadcast Details: The show will have a significant overrun, courtesy of TBS Network, indicating more content than the usual runtime, possibly to accommodate the extra matches or the celebration elements.

This anniversary episode is not just a showcase of wrestling talent but also a milestone for AEW, marking its growth and the journey it has had over the past five years. The inclusion of champion vs. champion matches underscores AEW's commitment to big matches on big nights, promising fans a memorable event to commemorate this occasion. (Grok)

News

Danielson vs. Okada: Title-for-Title Match

On the 5-year anniversary of AEW Dynamite, a significant wrestling event is scheduled for October 2, 2024, in Pittsburgh, PA, where Bryan Danielson, the AEW World Champion, will face Kazuchika Okada, holder of the AEW Continental Title. This match is unique as it features a title-for-title stipulation with a twist: the Continental Championship, which usually has a 20-minute time limit, will only be at stake for the first 20 minutes of the match. However, the World Championship, with its 60-minute time limit, will remain in contention for the entire duration. This setup has sparked varied reactions among wrestling fans, with some questioning the effectiveness of the stipulation, while others are excited about the potential of the match. The event is set to be a highlight of AEW Dynamite's milestone celebration, pitting two of wrestling's top talents against each other in what promises to be a memorable clash. (Grok)

News

Conor McGregor's Stroll on Emirates Pitch

Conor McGregor was spotted walking around the Emirates Stadium pitch following Arsenal's victory over PSG in the Champions League. Videos and photos showed McGregor enjoying himself, including interactions with Arsenal player Declan Rice. This appearance led to various reactions and discussions online, with many finding amusement in McGregor's post-match activities. Meanwhile, Arsenal secured a 2-0 win against PSG, with goals from Kai Havertz and Bukayo Saka. The match also marked the debut of Mikel Merino for Arsenal, who joined from Real Sociedad. Additionally, Thomas Partey was highlighted for his exceptional performance during the game. However, there were concerns about Jurrien Timber, who felt a muscular issue during the match, prompting Arsenal to manage his playing time carefully. (Grok)

Combat Sports News/Profile via Grok

Combat sports encompass a wide range of athletic competitions where the primary objective is to physically subdue an opponent. Here's a brief overview of some popular forms:

1. Boxing

Origin: Ancient Greece, but modern boxing is often associated with 18th-19th century England.

Rules: Competitors use only their fists, wearing gloves, and aim to score points by landing punches on the opponent's upper body or head. A fight can end by knockout (KO), technical knockout (TKO), or points decision.

2. Mixed Martial Arts (MMA)

Origin: While various forms of mixed combat have existed historically, modern MMA was popularized through events like the UFC starting in the 1990s.

Rules: Allows a mix of striking and grappling techniques from various martial arts. Fighters can win by knockout, submission (tap out), judges' decision, or disqualification.

3. Brazilian Jiu-Jitsu (BJJ)

Origin: Derived from judo in Brazil in the early 20th century, made famous by the Gracie family.

Rules: Emphasizes ground fighting and submission holds. Competitors aim to force a submission through joint locks or chokeholds. Points can also be scored for position control and takedowns.

4. Wrestling

Freestyle and Greco-Roman: Common in the Olympics, Greco-Roman restricts holds below the waist.

Professional Wrestling (Pro Wrestling): More entertainment-focused, with choreographed matches, high flying moves, and storylines.

5. Kickboxing

Origin: A group of stand-up combat sports based on kicking and punching. It evolved from Karate, Muay Thai, and Western boxing.

Rules: Similar to boxing but includes kicks. Variants include allowing knee strikes and elbows (influenced by Muay Thai).

6. Muay Thai

Origin: Thailand, known as the "Art of Eight Limbs" because it uses punches, kicks, elbows, and knees.

Rules: Similar to kickboxing but with a heavier emphasis on clinching (a kind of standing grapple) and use of all eight points of contact.

7. Judo

Origin: Japan, developed by Jigoro Kano in the late 19th century as a physical, mental, and moral pedagogy.

Rules: Based on throws (Nage-waza) and ground techniques (Katame-waza). The objective is to either throw or takedown an opponent to the ground, immobilize them, or force a submission through joint locks or strangles.

8. Karate

Origin: Okinawa, Japan, with influences from Chinese martial arts.

Styles: Many styles with different focuses, but generally emphasizes striking with punches, kicks, knee strikes, and open-hand techniques like knife-hands.

9. Taekwondo

Origin: Korea, developed in the 1940s and 1950s.
Rules: Known for its high, fast, and spinning kicks.

Competitors score points in Olympic Taekwondo for strikes to the torso or head.

10. Krav Maga

Origin: Israel, designed as a self-defense system for the Israel Defense Forces.

Rules: Not typically a sport, but some organizations hold competitions. Focuses on real-world scenarios, aiming to neutralize threats quickly and efficiently.

Each combat sport has its unique culture, training methods, and competitive environments, reflecting diverse historical, cultural, and practical contexts. If you're interested in any particular sport, each has its own set of governing bodies, leagues, and famous athletes or events that could be explored further! (Grok)

Cryptocurrency News via Media Man and FxPro

September 18. 2024

The crypto market gets a boost from stocks

Market Picture

The crypto market has gained 2.1% in the last 24 hours to reach $2.08 trillion. The rise in the stock market has brought buyers back to Bitcoin, which has positively impacted cryptocurrencies. The sentiment index is still in the fear zone, but at 45, it is already close to neutral territory. This shows that it is lagging stocks where sentiment has shifted to 'greed'.

Bitcoin surpassed $60K, accelerating sharply at the start of the US session. The price peaked at $61.3K before retreating to $60.4K at the time of writing.

Despite some pullback, bitcoin has broken above its 50-day moving average, suggesting significant upside potential. However, it isn't easy to rely on today's technical picture ahead of the Fed's interest rate decision on Wednesday evening. The next important level is likely to be around the $64K, where the late August high and the 200-day average are located.

News Background

JPMorgan sees bitcoin hash rate growth slowing as miner revenues remain at historic lows. Meanwhile, US Bitcoin miners' share of the network hash rate rose for the fifth consecutive month to 26.7%, an all-time high.

MicroStrategy will place $700 million in four-year unsecured convertible notes to acquire additional bitcoins and fund general corporate purposes.

According to Arkham, the Bhutanese government's bitcoin holdings amount to 13,036 BTC ($770 million), almost three times El Salvador's reserves. The country has the world's fourth-largest stockpile of BTCs, derived from mining by a sovereign wealth fund.

The crypto industry is no longer able to provide 'dopamine' to either developers or traders. That is why it is in crisis, said CryptoQuant CEO Ki Young Ju. According to him, the crypto industry is gradually turning into a 'gambling den'.

Developers Curve Finance and TON Foundation will create a platform for trading stablecoins on the TON blockchain. The new initiative will meet the growing demand for stablecoins and increase the liquidity and popularity of the network's Web3 ecosystem.

Movie Box Office (North America)

September 15, 2024

1. Beetlejuice Beetlejuice - $51.6m

2. Speak No Evil - $11.5

3. Deadpool & Wolverine - $5.2m

4. Am I Racist - $4.8m

5. Reagan - $3m

6. The Killer's Game - $2.6m

7. Alien: Romulus - $2.4m

8. It Ends with Us - $2.3m

9. The Forge - $2m

10. God's Not Dead: In God We Trust - $1.5m

others ...

Twisters

Blink Twice

Despicable Me 4

Afraid

Inside Out 2

Coraline

The Crow

Trap

Stree 2

Borderlands

Harold and the Purple Crayon

Cuckoo

Longlegs

The Firing Squad

A Quiet Place: Day One

Bad Boys: Ride or Die

The Fabulous Four

Fly Me to the Moon

Raayan

Bad Newz

MaXXXine

The Bikeriders

Sound of Hope: The Story of Possum Trot

Horizon: An American Saga

The Lion King

Kalki 2898 AD

Kinds of Kindness

The Garfield Movie

Kingdom of the Planet of the Apes

Jatt & Juliet 3

Blue Lock Thee Movie - Episode Nagi

Daddio

Janet Planet

The Watchers

The Exorcism

Thelma

GHOST Rite Here Rite Now

Furiosa: A Mad Max Story

The Fall Guy

The Strangers: Chapter 1

The Lord of the Rings: The Fellowship of the Rings

Haikyuu!! The Dumpster Battle

In a Violent Nature

Ezra

Sight

* Correct at time of publication

News

Box office numbers down approx 70 percent from last year

(References: Wikipedia, Box Office Mojo, IMDb, Deadline and The Hollywood Reporter)

Markets and Commodities

September 11, 2024

Australian Dollar: $0.6650 USD (down $0.0010 USD)

Iron Ore Oct Spot Price (SGX): $91.00 USD (down $1.35 USD)

Oil Price (WTI): $66.31 USD (down $2.49 USD)

Gold Price: $2,516.51 USD (up $11.13 USD

Copper Price (CME): $4.1050 USD (down 0.0365 USD)

Bitcoin: $57,669.72 USD (down 0.38% in last 24 hours)

Dow Jones: 40,736.96 at 4.59pm NY time (down 92.63 points on yesterday's close)

Market, Commodities and Financial News

Snapshot via Media Man

September 11, 2024

ASX futures down 3 points or 0.04% to 7997 near 6am AEST

AUD -0.1% to 66.58 US cents

Bitcoin +1.4% to $US57,885

Dow -0.3%

S&P +0.4%

Nasdaq +0.8%

FTSE -0.8%

DAX -1.0%

CAC -0.2%

Gold +0.3% to $US2514.88 an ounce

Brent oil -3.2% to $US69.52 a barrel

Iron ore -0.8% to $US91.00 a tonne

Movie Box Office (North America)

August 18, 2024

1. Alien: Romulus - $41.5m

2. Deadpool & Wolverine - $29m

3. It Ends with Us - $24m

4. Twisters - $9.8m

5. Coraline - $8.4m

6. Despicable Me 4 - $6m

7. Trap - $3.4m

8. Inside Out 2 - $3.2m

9. Stree 2 - $2.6m

10. Borderlands - $2.4m

others...

Harold and the Purple Crayon

Cuckoo

Longlegs

The Firing Squad

A Quiet Place: Day One

Bad Boys: Ride or Die

The Fabulous Four

Fly Me to the Moon

Raayan

Bad Newz

MaXXXine

The Bikeriders

Sound of Hope: The Story of Possum Trot

Horizon: An American Saga

The Lion King

Kalki 2898 AD

Kinds of Kindness

The Garfield Movie

Kingdom of the Planet of the Apes

Jatt & Juliet 3

Blue Lock Thee Movie - Episode Nagi

Daddio

Janet Planet

The Watchers

The Exorcism

Thelma

GHOST Rite Here Rite Now

Furiosa: A Mad Max Story

The Fall Guy

The Strangers: Chapter 1

The Lord of the Rings: The Fellowship of the Rings

Haikyuu!! The Dumpster Battle

In a Violent Nature

Ezra

Sight

* Correct at time of publication

Movie Box Office (North America)

August 4, 2024

1. Deadpool & Wolverine - $97m

2. Twisters - $22.7m

3. Trap - $15.6m

4. Despicable Me 4 - $11.3

5. Inside Out 2 - $6.7m

6. Harold and the Purple Crayon - $6m

7. Longlegs - $4.1m

8. The Firing Squad - $1.6m

9. A Quiet Place: Day One - $1.4m

10. Bad Boys: Ride or Die - $601,000

others...

The Fabulous Four

Fly Me to the Moon

Raayan

Bad Newz

MaXXXine

The Bikeriders

Sound of Hope: The Story of Possum Trot

Horizon: An American Saga

The Lion King

Kalki 2898 AD

Kinds of Kindness

The Garfield Movie

Kingdom of the Planet of the Apes

Jatt & Juliet 3

Blue Lock Thee Movie - Episode Nagi

Daddio

Janet Planet

The Watchers

The Exorcism

Thelma

GHOST Rite Here Rite Now

Furiosa: A Mad Max Story

The Fall Guy

The Strangers: Chapter 1

The Lord of the Rings: The Fellowship of the Rings

Haikyuu!! The Dumpster Battle

In a Violent Nature

Ezra

Sight

* Correct at time of publication

News

Box office numbers down approx 70 percent from last year

(References: Wikipedia, Box Office Mojo, IMDb, Deadline and The Hollywood Reporter)

Market, Commodities and Financial News

Snapshot via Media Man

July 29, 2024

ASX futures up 60 points or 0.8% to 7938 near 3am AEST

AUD +0.2% to 65.48 US cents

Bitcoin -0.6% to $US67,636

Dow +1.6%

S&P +1.1%

Nasdaq +1%

FTSE +1.2%

DAX +0.7%

CAC +1.2%

Gold +1.0% to $US2387.19 an ounce

Brent oil -1.5% to $US81.13 a barrel

Iron ore +2.5% to $US102.40 a tonne

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Battle for the sports entertainment dollar; Australian and international opportunities, threats and unknowns

Advertising and media rights, plus ticket sales, make the world go round for WWE, UFC, Bellator, Boxing, Australian cricket under pressure for men and women competitors

How UFC Got Social Media Right; WWE taking the fight online via social media and people power

Powerhouse': WWE, UFC merge to create $21b sporting giant

Media Man Int

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

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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)

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)

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