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3 Irresistible Benefits Of Hiring Professional Junk Removal Services For Your Home


Rubbish removal is essential not only to keep your home organized but also to keep up with hygiene. Whether you have just moved in or moved out of your home, you need to take care of all the extra trash to keep your space clean. While municipal trash services might come in handy but they usually visit once or twice a week which wouldn't be enough. Also, they have a limit to how much junk they take at one time which makes it more difficult to keep up with the hygiene and cleanliness of the home. However, hiring rubbish removal services can put you at great benefit and ease your life in such situations. Here are a few benefits that would compel you to hire rubbish removal services for your home too.

1. Cost-Effective

While municipal trash services visit one or twice a week, hiring professional rubbish removal services gives you the advantage that your trash gets removed the same day without any further delay. It's affordable and convenient for those who have a disability or lead a busy life. You don't have to lift a finger unless you want to.

The professionals will take care of your junk and dispose of it. In addition, there is no limit of junk removal as set by municipal trash services so you can dispose of all of your home's trash at once without having to be worried about the trash limit.

2. Ensuring Environmental Safety

Many times you want to recycle the trash but don't have time for it. In such situations, hiring professional rubbish removal services can give you the additional benefit of segregating your junk items and disposing of them according to the rules set by authorities. For instance, paper, glass, plastic, metal waste, etc are properly segregated and then those that can be recycled are recycled to ensure environmental safety.

Also, standard measures are taken to ensure proper disposal of junk with minimal impact on the environment. This can only happen when you hire experts in the field and leave things on them.

3. Ensures Family Safety

When you are removing rubbish out of your home, you are exposing yourself not only to hazardous material but also to junk that can lead to abrasions, back strains, bruises, etc. It's difficult to alone remove all the junk out of your house. Hiring a professional rubbish removal service gives you the advantage that the team of experts comes to help you with rubbish removal without you having to move.

You can ensure your family's safety by leaving things in the hands of experts. They know how to deal with various waste items and dispose of them without having an impact on the environment. You'll get a fast and same-day waste removal service to keep up with the hygiene and cleanliness of your home. The professionals will leave your property to look more clean and organized.

 

 

The Benefits of Playing at Sol Casino with Cryptocurrency


Cryptocurrency stands as a transformative power, reshaping multiple sectors, notably digital wagering. Sol Casino, at the forefront of this transformation, offers a seamless and secure online hobby with the integration of cryptocurrency transactions. This paradigm shift not only enhances user experience but also introduces a plethora of benefits that traditional fiat currencies cannot match.


Enhanced Security and Anonymity

Using digital currency provides a high level of security and anonymity. Cryptocurrency transactions rely on blockchain technology, renowned for its strong security measures. The decentralized aspect of blockchain guarantees encrypted and unchangeable transactions, greatly minimizing fraud and unauthorized access risks.


Preserving Player Anonymity

Moreover, these transactions at Sol Casino maintain the anonymity of players. Unlike traditional banking methods, which require personal and financial information, crypto transactions do not divulge user identity. This feature is particularly appealing to players who prioritize privacy and wish to keep their online wagering activities discreet.


Swift Transactions and Reduced Fees


Deposits and withdrawals via cryptocurrencies are typically processed much faster than traditional banking methods. This efficiency ensures that players can fund their accounts almost instantly and enjoy their winnings without unnecessary delays.


Minimized Transaction Fees

Furthermore, digital commerce at Sol Casino comes with the added benefit of reduced fees. Traditional banking methods often incur significant processing fees, both for deposits and withdrawals. In contrast, crypto trades are subject to much lower fees, maximizing the amount available for gambling and winnings.


Crypto-Specific Incentives

The platform recognizes the value of cryptocurrency users by offering exclusive bonuses and promotions to players who opt for crypto transactions. These incentives can include enhanced deposit bonuses, cashback offers, and access to exclusive games and tournaments. Such promotions not only enrich the gaming experience but also provide additional value to cryptocurrency users.


The Best Cryptocurrency Options at Sol Casino

The website Sol Casino supports a range of cryptocurrencies, catering to diverse preferences. Among the most popular options are:

Bitcoin (BTC)

" Ethereum (ETH)

" Litecoin (LTC)

" Ripple (XRP)

" Dogecoin (DOGE)

Each cryptocurrency offers its unique advantages, from Bitcoin's widespread acceptance and Ethereum's smart contract capabilities to Litecoin's fast transaction speeds. Players can choose the option that best suits their needs and preferences.

Traditional payment methods often come with geographical restrictions and exchange rate issues, which can deter or limit players from different regions. Cryptocurrency, by its nature, is borderless, enabling users of the Sol Casino options from across the globe to participate without the hassle of currency conversion or the limitations imposed by regional banking regulations. This inclusivity fosters a diverse gambling community.

The Eco-friendly Aspect

Lastly, the use of virtual commerce options contributes to a more sustainable wagering ecosystem. Digital currencies are often praised for their lower environmental impact compared to traditional banking systems and paper-based currencies. By opting for cryptocurrency, players are part of a forward-thinking community that values innovation, security, and sustainability.

The integration of cryptocurrency at Sol Casino marks a significant milestone in the online wagering industry, offering players enhanced security, anonymity, faster transactions, and exclusive benefits. With a range of popular cryptocurrencies supported, players have the flexibility to choose the best option that aligns with their gaming strategy and preferences. As the digital landscape continues to evolve, the website remains at the helm, providing secure, efficient, and rewarding wagering opportunities for the modern player.

 

 

Casino Movie; Bruno Mars in Casino

Gonzo Casino 'N Gaming Edition

Art Imitates Life and Visa Versa

Everything Is A Gamble

Casino was my last good role, says iconic actress Sharon Stone

Sharon Stone has said she never got a good part again after 1995's Casino and described herself as "the invisible actress".

The Basic Instinct star, now a stunning 66, has since appeared in films such as Catwoman, Lovelace and Basic Instinct 2.

Stone was passed over on snatching an Oscar for Martin Scorsese's crime thriller Casino to Susan Sarandon in Dead Man Walking.

Speaking on high profile Louis Theroux Podcast, Stone disclosed The Godfather director Francis Ford Coppola warned her in advance that this would be the case.

She said: "Francis put his hand on my shoulder and he said: 'I need to talk to you.'

"He said: 'You're not going to win the Oscar.'

'I want you to feel like you're going to cry now. I don't want you to cry in the room, and that's why I'm doing this, and it feels so mean right now.

"'But I didn't win for The Godfather and Marty didn't win for Raging Bull, and you're not going to win for Casino."

Coppola said none of them won because the Academy couldn't "hear opera", she remembered.

"'This is not the level of films they want," she remembers him saying.

Discussing attending the Oscars when she knew she was going to lose, she said: "You have to pretend it's fantastic and it's not fantastic.

"And then I didn't get any good parts ever again for the rest of my entire life."

When Theroux replied: "That can't be true. I'm sure there were other movies you did that were good," she replied: "No, and guess what? I hate it."

She continued: "It's easier to say: 'She's cold', or: 'I don't like her', or: 'She's difficult', or: 'She must be sick', or: 'She's too old', or that 'she's hard to cast', or: 'We don't know what to do with her.'

Stone also touched on her experiences with disgraced and vulgar producer Harvey Weinstein, who is in the clink (jail) for sex offences and with whom she she crossed paths at events for the Aids charity Amfar.

She said: "I had a long time of dealing with Harvey and I'm really glad that he's in prison and I think he should stay there with the rest of the people who are like him. Harvey's a pig. He's an octopus and you're just always getting one of his tentacles off you."

Asked if she was too powerful for him to try to coerce into sex, she said: "He would say things to me like: 'You know, you think you're such a princess, Sharon,' as I would unwind him off me.

"And I'd say: 'Yeah, I think I'm the queen of France. F*** off.'

"But he was certainly comfortable with throwing me across the room. He was physically violent to me on more than one occasion because he was so angry at me because I wouldn't do what he wanted me to do."

News

Work Life Balancing Act For Mr Mars via MGM

News Travels Fast Via Vegas Casinos, Cafe and Dance Floor

Bruno Mars' shocking $50 million gambling debt report sparks wild fan jokes: 'He is high on…'

Bruno Mars owes millions to MGM casino for hefty poker debts, risking long-term partnership

Bruno Mars is renowned for lighting up the stage, but recent reports alleging a staggering $50 million gambling debt at the MGM Grand have fans buzzing for a different reason.

In 2016, the singer-songwriter announced a 'multi-year residency deal' with MGM Grand in Las Vegas. However, the recent report suggests that the collaboration between Mars and the gaming come hospitality and live entertainment hybrid brand has gone south somewhat due to mounting and almost unbelievable debt.

Bruno Mars reportedly in $50 million debt to MGM Grand

On March 16th, it was reported that Bruno Mars now owes millions of dollars to the MGM casino after reportedly accumulating hefty poker debts. The Talking to the Moon singer had a multi-year residency agreement with Park MGM in Las Vegas, where he performed on a regular basis.

Citing that MGM “basically owns him,” they continued, “He earns $90 million a year from the casino deal, but then he has to pay back his debt... after taxes (Mars earns $1.5 million per night).”

What’s going on between Bruno Mars and MGM Grand...

In 2016, it was announced that the hospitality industry had entered into a long-term partnership with Mars, which will feature his exclusive performances across an extensive portfolio of world-class entertainment venues. The president of MGM Grand delivered a statement claiming, “Bruno is among the most talented performers in the world and we are excited to start a long-term relationship with him.” Now, the once mutual relationship appears to have evolved into a feud due to piled-up casino debts.

Bruno Mars’ casino debt sparks meme frenzy

While the 24K Magic singer has never shied away from admitting that he supported himself by playing poker before pursuing music, fans are shocked that news of his casino debt has made its way onto the top of headlines.

“Bruno Mars having $50 million gambling debt lets me know his next album gonna be a classic, real degenerate.” A user wrote on X (formerly Twitter). Others chimed in too, “Bruno Mars needs a movie about his life cause ik my mans be wylin…

50 MILLION DOLLARS in GAMBLING DEBT?”,

“Bruno Mars walking through MGM casino undercover trying to avoid that $50m gambling debt”, “He is high on debt”, “Bruno mars when the dealer gets blackjack.”

Another famous entertainer used to sing something about "Know when to walk away; know when to run".. Was Bruno listening, partying away, both or neither?

Life in the fast lane. Everything is a risk - especially in showbiz circles in a casino no less.

 

 

Casino, Entertainment And Internet Rumors

Casino And Entertainment Giant MGM Denies Claims Bruno Mars Has Debt With Casino

‘Any Speculation Otherwise Is Completely False’

MGM Resorts came to Bruno Mars’ defense on Monday after rumors circulated about the Grammy winner’s debt with the casino.

In the last week, a report from NewsNation made claims and the rounds that Mr. Mars had racked up over $50 million in gambling debt at MGM. They cited an anonymous source close to the situation that said Mars allegedly made $90 million a year through his residencies at MGM but was using a large chunk of that profit to pay off his gambling debt. “[He will] only make $1.5 million per night after taxes,” the report claimed. (“MGM) basically own him,” they added.

A "spokesperson" for MGM Resorts International told entertainment news staple Variety that these allegations are “completely false” as Mars has “no debt with MGM.”

“We’re proud of our relationship with Bruno Mars, one of the world’s most thrilling and dynamic performers,” they wrote in a statement. “From his shows at Dolby Live at Park MGM to the new Pinky Ring lounge at Bellagio, Bruno’s brand of entertainment attracts visitors from around the globe. MGM and Bruno’s partnership is longstanding and rooted in mutual respect. Any speculation otherwise is completely false; he has no debt with MGM. Together, we are excited to continue creating unforgettable experiences for our guests.”

Representatives for Mars declined Variety‘s request for comment and redirected the inquiry to MGM’s previous statement.

Mars has been performing for Las Vegas residencies since 2016 and has a multi-year partnership with MGM Resorts. In addition, Mars and the casino recently partnered to launch the Pinky Ring cocktail bar and entertainment lounge inside the Bellagio Hotel and Casino. The venue features live performances, all curated by Mars.

The chart-topping artiste’s last solo project was 24K Magic in 2016, which included hits such as That’s What I Like and Versace On The Floor.

 

Cryptocurrency News via Media Man and FxPro

FxPro

PxPro: News

 

July 1, 2024

Buyers failed to pick up on the crypto market

Market picture

The crypto market has been enjoying an influx of buyers since Saturday, with a visible acceleration on Monday. Over the past 24 hours, capitalisation has risen 3.6% to $2.33 trillion. Last week’s drop in the crypto sentiment index to 30 (fear zone) reversed the price twice, showing that the market is dominated by a ‘buy the dip’ pattern.

Bitcoin is trading near $63.3K, adding 5% since Saturday morning and reaffirming the importance of support at 61.8% of the Jan-March rally. From another perspective, Bitcoin is adding and bouncing off the lower boundary of the downward channel. Likely, the price is now moving towards the upper boundary at $67K. However, cautious buyers may prefer to wait for confirmation with the price rising above $72-73K - the pivot area of the last four months - which would be confirmation of the start of a new impulsive wave of growth.

Bitcoin ended June down 8.5% to $61.9K. In terms of seasonality, July is considered quite successful for BTC, adding eight times (22.3% on average) out of the last 13 and declining on five occasions (-7.8% on average).

News background

In terms of on-chain analysis, quotes have crossed the realised price level of short-term holders at $62,000, which historically can act as support during corrections in bull markets.

According to Arkham data, German authorities sent another 595 BTC worth ~$36.6 million to crypto exchanges on 26 June. Authorities began actively moving the cryptocurrency on 19 June, when some of it first hit the Kraken and Bitstamp exchanges.

Bitwise forecasts net inflows into spot ETH-ETFs in the US of $15bn in the first 18 months. Bloomberg expects trading in the new product to start on 2 July.

Solana Foundation has launched tools that enable it to turn any website or app into a gateway for cryptocurrency payments and other blockchain transactions.

On 26 June, the Blast development team completed the first phase of an airdrop, distributing 17 billion BLAST tokens (17% of the total issuance). Blast is an Ethereum-based layer 2 (L2) network that was launched in November 2023 by Blur founder under the pseudonym Pacman. In terms of blockchain value locked (TVL), the Blast ecosystem is ranked sixth in the DeFi Llama ranking with a value of $1.58bn.


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Box Office News (North America) - March 17, 2024

1. Kung Fu Panda 4 - $30 million

2. Dune: Part Two - $29.1 million

3. Arthur the King - $7.5 million

4. Imaginary - $5.6 million

5. Cabrini - $2.8 million

6. Love Lies Bleeding - $2.5 million

7, Bob Marley: One Love - $2.3 million

8. One Life - $1.7 million

9. The American Society of Magical Negroes - $1.3 million

10. Ordinary Angels - $1 million

 

 

 

 

Cryptocurrency News via FxPro and Media Man - arch 18, 2024

Crypto market deepens correction

Market picture

The crypto market lost 6% in 24 hours to $2.42 trillion. Solana reversed Tuesday's decline, losing 9% in 24 hours - the last of the major altcoins to fall into a correction.

Bitcoin is down 5% after falling to $64.4K. That's its lowest level in two weeks and 13.5% below its high. A close below $65.5K would signal a move to a deeper level – the classic 61.8% retracement of the rally with a potential target near $60K.

Solana had been above $210, reaching highs not seen since late 2021 before following the general corrective mood of the markets. A classic retracement pattern suggests a downside potential of $168. However, if this level is approached, one needs to look at bitcoin sentiment and global risk appetite to understand whether this support will be strong enough.

Ethereum is under selling pressure and has already pulled back to $3300, erasing all gains since early March. Having fallen below the 61.8% retracement of the rise from the January lows, ETHUSD can only hope for support in the form of the 50-day average ($3080) and $3000 (previous consolidation, plus the round level).

News background

According to CoinShares, crypto fund investments rose by a record $2.916B last week, surpassing the previous record set the week before ($2.685B) and continuing significant inflows for the seventh consecutive week. Bitcoin investments increased by $2.896B; Ethereum decreased by $14M, and Solana decreased by $2.7M. Investments in funds that allow shorting Bitcoin increased by $26M.

Bitcoin is in a bullish phase of a cycle like December 2020-January 2021. The current correction is "healthy" and removes some of the leverage in the system, said http://Crypto.com CEO Chris Marszalek.

Rekt Capital warned of a "danger zone" ahead of the upcoming halving in April. Historically, bitcoin has fallen weeks before the event. The depth of the correction was 20% in 2020 and 40% in 2016.

According to new data from Bitcointreasuries, 93.6% of total bitcoins (19,656,760 BTC) have already been mined as of mid-March 2024. Miners have only 1.34 million BTC left to mine, significantly limiting the future supply of the asset.

Ethereum issuance fell to its lowest level since August 2022 following the activation of the crucial Dencun update on 13 March, CryptoQuant noted. According to The Block, the ETH network has reached annual highs in the number of active and new addresses, daily transactions, and transaction volume.

The buzz around meme coins has boosted the token rate of the networks on which they are issued. The Solana (SOL) and Avalanche (AVAX) cryptocurrencies updated local highs. In pre-selling, users send network tokens to a wallet address in exchange for a corresponding number of coins when the meme token is launched. Solana has once again become the trendiest crypto asset among traders, with new Meme tokens appearing almost every minute, according to ContentFi Labs.

(Source: FxPro) with Media Man and Bitcoin News Media

 


 

News Media

Showbiz News from Hollywood; Screenwriters reach tentative deal with studios to end strike

The show must go on - eventually, anyway! With or without a dash of AI et al.

The Writers Guild of America, which represents thousands of Hollywood writers, advised Sunday PM that it has reached a tentative agreement on a new contract with the major entertainment studios, paving the way to end the 146-day strike that has brought television and film production to a standstill. That's right - 146 days! That's some kind of record.

"The WGA and [Alliance of Motion Picture and Television Produces] have reached a tentative agreement," according to an online WGA statement that discloses that more details will follow after the contract language has been finalized...ink had dried, you know the drum.

Though the AMPTP trade alliance of major film and television producers has yet to comment on the development, WGA described the contract to members in a letter as "exceptional." It contains "meaningful gains and protections for writers in every sector of the membership," it said.

The roughly 11,000 writers were demanding "economic fairness," streaming-service residuals and regulation on the use of AI (artificial intelligence) - take that, you bots!

"What we have won in this contract ... is due to the willingness of this membership to exercise its power, to demonstrate its solidarity, to walk side-by-side, to endure the pain and uncertainty of the past 146 days. It is the leverage generated by your strike, in concert with the extraordinary support of our union siblings, that finally brought the companies back to the table to make a deal," it said.

The language of the contract was being finalized, it said, with guild members to vote on whether to accept it in the coming days.

Union members are being advised that "no one is to return to work" unless specifically authorized by the guild.

"We are still on strike until then," it said, though it was suspending picketing.

The Hollywood writers went on strike early May after negotiations with the studios and streaming services fell through, following six weeks of talks, which brought a halt to television productions.

Many insiders as well as regular consumers of streaming media shows and other had noticed a dive in overall quality.

In mid-July, the Screen Actors Guild-American Federation of Television and Radio Artists joined the movement, shutting down any active studio productions.

The deal announced late Sunday does not mean the resumption of Hollywood productions, as SAG-AFTRA members remain on the picket lines, and WAG is encouraging its members to join in the actors' fight.

SAG-AFTRA issued a statement congratulating WGA on the deal it said it would review.

"We remain on strike in our TV/Theatrical contract and continue to urge the studio and streamer CEOs and the AMPTP to return to the table and make the fair deal that our members deserve and demand," it said.

The agreement was reached following a recent breach in a stalemate in negotiations, which began about mid-August.

The two sides were quiet until Sept. 14, when they said they had agreed to return to the negotiating table, and they have been hashing out a deal since Wednesday.

"After a nearly five-month long strike, I am grateful that the Writers Guild of American and the Alliance of Motion Picture and Television Producers have reached a fair agreement and I'm hopeful that the same can happen soon with the Screen Actors Guild," Los Angeles Mayor Karen Bass said in a statement.

"Now, we must focus on getting the entertainment industry, and all the small businesses that depend on it, back on their feet and stronger than every before."

The strike, which has waylaid productions for months, has hurt the bottom line of studios, with Warner Bros. Discovery telling the Securities and Exchange Commission earlier this month in a filing that the strikes have "negatively impacted" the company by a cost of up to $500 million. Some folks in and around the biz are pleased that that likes of a somewhat "woke and broken" Disney had lost so much money.

Under the watercooler Media heard, "More about fairness, distribution of funds, and a fair days pay for a fair days work. We showed the world and this script kind of wrote itself"!

 

If 99pc of start-ups fail, how do AirTree and Blackbird make money?

Starting an ambitious technology company is undeniably hard, but fresh data suggests failure rates aren’t as high as parts of the industry say.

On a darkened screen, a line of text lays out the stakes for The New Hustle, a 2017 documentary series: “Over 92 per cent of start-ups fail. What separates those who don’t?”

Six years later, the production company behind that feature, Founder Films, was back with a new documentary series called Founder on the same topic. This time, the odds seemed to be stacked even higher against start-up founders. “Ninety-nine per cent of start-ups fail,” the on-screen text from the documentary reads.

Apparently, those six years were a grim time for start-ups, whose founders were portrayed as valorous figures surmounting almost impossible odds. Yet between 2017 and early 2022, start-up funding soared in Australia, giving even questionable firms war chests of cash to sustain their dreams for years.

Statistics requested by The Australian Financial Review from the country’s biggest tech venture investors suggest many more start-up companies are staying afloat than the most heightened founder mythology suggests.

The disparate figures reflect an industry that does not have a uniform definition of failure even as commentators contend that failure is discussed too harshly, or too much, or not enough. And they show how failure rates are deployed to either showcase investment performance or valorise founders.

Startmate, the long-running accelerator, has reported that 63 per cent of the more than 230 companies it has a stake in are still active. AirTree Ventures, the large Sydney-based fund that was founded in 2014, said its failure rate – defined using the fairly common rule of investments where it has got back less than it invested – is lower than 20 per cent. Company closures in its portfolio are even lower, at less than 3 per cent.

Blackbird Ventures, meanwhile provided data from its first fund, raised in 2013, where 25 per cent of the companies have closed down, compared with the same number of exits and 10 that are still operating. Square Peg, the third major Australian venture fund, did not make any data available.

Better than regular businesses

Those start-up failure rates compare fairly favourably to the economy as a whole. For the past four years, failure rates for all Australian businesses with staff have hovered around 8 per cent, according to data from the Bureau of Statistics.

But unlike small-business investors who want to preserve capital and grow slowly, venture capitalists bet on a host of companies hoping a small percentage will become enormously valuable in the knowledge many will fail.

That has led some start-up industry figures such as Finder founder Fred Schebesta to argue some high-profile failures should be celebrated to avoid discouraging founders.

James Alexander, a partner at early-stage investor Galileo Ventures, said he did not support the idea of “celebrating” failure, though he acknowledged that founding a business, whether small business or start-up, was very hard.

“Do I think failure is positive? No, I don’t,” Mr Alexander said. “I don’t think [failures] are positive, but I don’t think they’re anywhere near as bad as people make them out to be.”

Mr Alexander’s portfolio has four failures, defined as firms shut down or sold that returned less than invested capital, out of 18 bets. But he said that if one of those surviving companies became a super valuable firm akin to Google, “No one’s going to mind if we lose money on five, 25 or 30 per cent of the investments or even more.”

Founder Films, owned by the founder of $2.7 billion start-up SafetyCulture Luke Annear, declined to comment on its figures, but a spokesman pointed to a 2012 Wall Street Journal article reporting Harvard research that 95 per cent of start-ups fail to hit projected figures. The 92 per cent failure rate number is also all over the internet, with the figure derived from a 2011 report by an organisation called Startup Genome that no longer appears online.

Mr Alexander said that high failure rate figures were a reflection of the way venture firms sought out exceptional results.

“When people throw out these things like ‘90per cent of businesses fail’, I think usually they mean 90 per cent of businesses never become big,” Mr Alexander said.

Murray Hurps, who runs the industry survey project Startup Muster, did not provide data on failure rates because the varying definitions make it hard to collect. But he said that average failure levels were not as useful as understanding the proposition of investing or building an individual firm.

“There are many kinds of lower risk, technology-enabled entrepreneurial pursuits that entrepreneurs should be considering, and more today than there ever were before,” Mr Hurps said.

What Lachlan Murdoch told fundies in Sydney two weeks ago - September 23, 2023

Lachlan Murdoch’s been in and around Australian business circles for most of his working life, but had little to do with the country’s big investors. Until a few weeks ago.

A couple of weeks ago, Lachlan Murdoch, 52, broke cover with Australia’s investor ranks.

Not one to normally front Australia’s fund managers on roadshows, Murdoch was the headline attraction at a small and private dinner held only a few kilometres from his home in Sydney’s inner-east.

The small crowd were all fund managers – big name stock pickers from the larger institutional equities shops in Sydney – most of who had little to do with Murdoch or his father Rupert over the years, and some of who had never met him despite him being in and out of Australian business circles his whole working life.

Murdoch spoke off the cuff. There were no notes or powerpoint slides, no script and no minders, just an update on the family’s two businesses News Corporation and Fox Corporation, and where he wanted to take them.

Perhaps playing to the small crowd, he repeatedly stressed he was 100 per cent focused on creating shareholder value, according to those at the dinner. It was a friendly crowd; money is the name of the game in funds management, and fund managers tend to bow down to billionaires. He was valued at $3.35 billion on this year’s AFR Rich List.

He was clearly proud some of the investments he had overseen – high growth and conviction bets like News Corp’s $13 billion stake in REA Group, student loans business Credible and streaming business Tubi Corporation for example – and gave the impression of a hands-on and pretty passionate senior executive.

He travels back to US head office every second week from his home in Sydney, where his children go to school. When he’s in Sydney, he tends to work New York hours. That’s the sort of stuff that top Sydney money managers are glad they do not have to worry about.

There were no hints about what was to come and fund managers left the dinner not knowing that only a few weeks later, Murdoch would finally get the keys to his father Rupert’s News Corporation.

He was announced as News Corp’s executive chairman on Thursday night, the same role he holds at sister company Fox Corporation, while his 92-year-old father would step off the board and become chairman emeritus of both companies.

Changing of the guard

Lachlan Murdoch’s succession may end a tumultuous 12 months for the family’s two companies. This time last year, the Murdochs were planning to reunite their News Corp and Fox businesses, calling it the next logical step of the strategy that led the media billionaires to sell entertainment giant 21st Century Fox to Disney in 2017 for $US52 billion.

It was about bringing together live sport and news, two things that consumers want immediately and are arguably less discretionary than TV entertainment and movies – but the deal was off a few months later called “not optimal for shareholders of News Corp and Fox at this time”.

In reality, it also faced considerable backlash from investors including Sydney-based Airlie Funds Management, who didn’t want to see News Corp combined with Fox. News Corp owns the company’s stake in REA and Move in the United States, Foxtel in Australia, Dow Jones and HarperCollins, among other businesses, and trades at a significant discount to its asset backing.

Soon after, it also abandoned talks to sell its US digital real estate business Move for about $US3 billion ($4.4 billion).

Murdoch’s comments from the dinner were ringing through those fund managers’ heads on Friday, as they tried to work out what it meant for the future of the family’s media empire.

It was a timely introduction to a man who’s well known in media circles – there are plenty of former News Corp executives who’ll give their two cents worth and recount fronting him when they hadn’t made budget or wanted money for something – but less in local markets.

Those close to him say he’s been fronting investors in the US for a while, just not Australia. Fox Corp isn’t listed in Australia, while News’ ASX-listing is small.

One thing that stuck in the Australian fund managers’ heads were Murdoch’s remarks about M&A.

He said large media sector deals were hard to get past the antitrust regulator in the United States – which is similar to deals in every concentrated sector (banking, energy, tollroads) in Australia.

So, investors are thinking there is unlikely to be any giant strategic pivot in the near to medium term, at least, although are fully aware that deals (big and small) have been a big part of the family business under Rupert Murdoch and Lachlan has been at the table for plenty of them.

“Evolution not revolution” is how his backers were putting it on Friday, pointing out that he’s done a long apprenticeship under his father at News Corp and has been Fox executive chairman since 2105 (it was 21st Century Fox before a $US50 billion sale of its film production business to Disney) . It is still all about news, sport and digital, and looking forwards not backwards.

Closing the gap in value

The ASX-listed shares were up 1.9 per cent to $32.25 in Friday afternoon trade.

Murdoch junior’s most notable was paying about $10 million for a 44 per cent stake in realestate.com.au (later REA Group), following a direct approach from Sydney real estate agent and company director John McGrath, while others for the company include Credible, where loans are up three-times since News Corp’s acquisition, Tubi, which has tripled subscribers.

Of course, it has not been all winners. He’s still remembered for One.Tel, a telecommunications company that collapsed in 2001, and Channel Ten owner Ten Network Holdings, which went into administration in 2017. News Corp’s betting play is also in trouble.

One of his loudest supporters in Australian markets is Sydney stockbroker Angus Aitken, who is known for backing family-led businesses and was quick to tell clients that News Corp was in good hands.

“Lachlan Murdoch has the same entrepreneurial genes as his Dad and has zero to prove, he already has proved himself in spades,” he said in a 1400 word note to fund managers that hit inboxes as the sun rose over Sydney Harbour.

“Anyone who has heard Lachlan talk about these businesses knows he knows these businesses inside out and knows how to allocate capital and back people within these firms with that capital for the long term.”

He said Rupert Murdoch had turned a three-paper tiddler into $US100 billion of assets, if you add the market capitalisations of News and Fox (about $US30 billion) and some of the big asset sales (c$US70 billion). “It is hard to think of anyone who will replicate that in life.”

Lachlan Murdoch will likely struggle to create anywhere near that much value, but he also doesn’t have to. Investors will be happy enough if he can close the discount between New Corp’s share price and asset value – which funds like Melbourne’s L1 Capital have talked about for years. That discount was so glaring that stockbroker UBS for a while was putting out a regulator News Corp note, pointing out the difference between the sum of its parts and share price.

The bigger news on Friday was the end of the Rupert Murdoch-era, after a career stretching seven decades. Lachlan’s ascension to the top of both companies was telegraphed by his father in the past few years. Second son James moved to the fringes of the family business after the Fox/Disney deal in 2019.


'Take it over’: Perth lands WWE’s first Aussie event in six years - September 23

One of the world’s biggest sporting organisations is coming back to Australia for the first time since taking over the MCG in 2018.

The WWE will return to Australian shores for the first time since 2018 in February after the Elimination Chamber event was announced for Perth’s Optus Stadium.

After months of speculation, the sports entertainment behemoth announced that the 60,000 seat stadium would host the live event on Saturday February 24.

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The last time the WWE came down under was in 2018 when the Super-Show Down took over the MCG with Ronda Rousey stunning a packed house before Triple H pinned The Undertaker.

In the meantime, Aussie Rhea Ripley has become one of the sports’ biggest names and is expected to star as the WWE comes back to Australia, while Grayson Walker is also a near certainty to fight.

While the schedule has not yet been released, it will culminate in at least one six-man cage match with some of the promotion’s biggest names set to visit just one month out from WrestleMania 40.

Wrestlers Kofi Kingston and Xavier Woods joined WA Premier Roger Cook for the announcement.

“These are set to be the hottest tickets in town and fans can pre-register and secure their spot from today,” Cook said.

“We expect the premium live event at Optus Stadium will be a sellout with thousands of east coast and international fans flocking to Perth, Western Australia to witness this exclusive show.”

The show is expected to reach an audience of one billion people worldwide and Kingston, who is one of the members of The New Day alongside Woods and Big E, said the Elimination Chamber could “totally change the trajectory of whatever is going on in the WWE landscape”.

“Two combatants enter and there are four pods with the other combatants within them,” Woods added.

“As time passes, one of those pods will open until all of their combatants are inside of the ring.

“And then the match officially begins and you lose by pinfall or submission until there is one combatant standing and they are the winner.

“And the reason that this is so intense is because you are waiting for people to get into this match.”

The wrestlers involved are expected to have community activations and meet-and-greets with fans, and Kingston said they “really come into a town and take it over”.

The WWE has recently merged with the UFC, which had a massive show earlier this year in Perth when Alexander Volkanovski lost a controversial bout to Islam Makhachev for the lightweight title.


Expend4bles

A new generation of stars join the world's top action stars for an adrenaline-fueled adventure in Expend4bles. Reuniting as the team of elite mercenaries, Jason Statham, Dolph Lundgren, Randy Couture, and Sylvester Stallone are joined for the first time by Curtis "50 Cent" Jackson, Megan Fox, Tony Jaa, Iko Uwais, Jacob Scipio, Levy Tran, and Andy Garcia. Armed with every weapon they can get their hands on and the skills to use them, The Expendables are the world's last line of defense and the team that gets called when all other options are off the table. But new team members with new styles and tactics are going to give "new blood" a whole new meaning.—Lionsgate

The Unbreakable Bunch

An Alien Force Came To Conquer - They Had No Idea This Bunch Was In Town.

Producers Ray “Glacier” Lloyd and Steve Luther Wilson, aka “Big Sexy” Luther Biggs, trained at the Power Plant and broke into the business about the same time. A decade ago, the two started talking about a movie.

“We had this idea,” says Lloyd, “What if a bunch of pro wrestlers had to step out of their wrestling world and into a fantasy world where they have to battle aliens?”

“We’re both big fans of The Magnificent Seven, The Wild Bunch, The Dirty Dozen, and The Professionals. They were all ensemble casts, and most of them were somewhat diverse. We thought, ‘What if we could make a movie like that and celebrate the wrestling business?’”

Most wrestling movies either focus on the dark side, or they go for the campy humor,” says Lloyd. “They make movies like The Wrestler, which was very good and yes, that is how some guys turn out. Or they make fun of wrestling and wrestling fans. We wanted to celebrate what’s great about being a wrestling fan and what’s fun about the business without making fun of it. We didn’t think that anyone else was going to make a movie like that, and even if they did, they probably wouldn’t get it right.”

“The story changed a lot from that first draft, but we tried to stay true to the essence of the characters and what they stood for,” explains Lloyd.

Ernest “The Cat” Miller

Stan Hansen

Tonga Uli’uli Fifita, aka Haku, aka Meng

Larry Zbyszko

Diamond Dallas Page

David “Gangrel” Heath.

“An ensemble cast like this has never been done in a wrestling film.” says Lloyd. “We also worked with some great actors we cast in the non-wrestling roles. Nicholas Logan did a tremendous job in our movie, and he’s had some great roles before and after The Unbreakable Bunch. I’m excited to see where his career goes.”

“These are men like us who have their life together,” says Lloyd. “They have good jobs, a nice home. You also see how these guys come together to put on a show. It’s a team effort, whether it’s for one night or a tour. Then they all go their separate ways. That’s something we’ve never seen in a movie about wrestling, and we wanted to portray that.”

“Wrestling is at its best when everyone can enjoy it,” says Lloyd. “A lot of the fans I meet at shows and convention are grown ups who were kids when I was first on TV. Now they’re bringing their kids because they want the next generation to enjoy wrestling like they did. There’s definitely some action, but we kept it to a PG or PG-13 level. We really want families to enjoy this picture, even if they don’t watch wrestling.”

“We want this movie to be something that wrestlers and wrestling fans will be proud to recommend to people,” says Lloyd. “At the end of the day, it’s about camaraderie, loyalty, friendship. It’s about the noble side of professional wrestling.”

WWE Hall of Famer Larry Zbyszko via aQ&A on AdFreeShows.com. In addition to taking fan questions, he also talked about the movie, “The Unbreakable Bunch” that Ernest Miller, himself, and several other wrestlers are in:

"Ray Lloyd, Luther Biggs, had been working their butts off for some years to get this movie going. They wrote it, and then they had to get financed. At the end of 2009, we filmed it and it really came out great. I mean, it's a movie about wrestlers saving a town from aliens, but it's not a wrestling movie. It's kind of a science fiction action movie with emotion and you'll find yourself laughing when you don't expect to. I mean, it was really well done. It's a family friendly movie. Nothing dirty, nothing raunchy. I mean, if you're not a wrestling fan, you're gonna love it too because it's not about wrestling. But it was really well done. I've been dying to see it. As soon as we finished it, like at the end of 2019 right before Christmas, a couple of months later this stupid COVID hit and slowed it down a little bit with the editing, but there was the guy alone editing in the booth. So it's finally all done with the editing and the sound and the music and the special effects, and I hear it's going to come out October 13th. I can't wait to see it."

Zbyszko talking about two movies he should have been in:

"I should have been in two big movies. I'll tell you a story quickly. Alright, 1976 or something I was wrestling in California a little bit. I was wrestling a man and I got a message to talk to some producer in the audience. So after the match, I went to talk to this guy. He said, 'Hey, I'm making my first movie. It's a low budget movie, but I'd like to have you in it because I like the way you look and move.' So I said, 'Okay.' So I went down to his office which turned out to be a crap hole and got a script and read it and I'm going, oh my God. Three weeks in the desert shooting this movie for hardly any money for the guy's independent little movie. It's eating babies and stuff. I said, 'Oh God.' So I nicely told the guy I couldn't do it. I was busy. It turned out the guy's name was West Craven and it was his first movie, 'The Hills Have Eyes.' It became a classic and I'm supposed to be it."

"Then some years ago in like the mid 80s or something. I got a message at the NWA office to call Jerry Reed. I'm thinking Jerry Reed? The only Jerry Reed I know is the country western singer, unless it's Jerry Reed the IRS guide. So I call this number and it's Jerry Reed the singer. He says, 'Son, you're my favorite guy.' We talked and he wanted me to be in the last Smokey and the Bandit movie they were going to make because Jackie Gleason just died and they wanted me to play the part of a young a**hole sheriff after the bandit in the last movie. But right when they were going to do the last movie, that's when Burt Reynolds went off the deep end taking all the Halcyon pills and getting divorced from Loni and getting wiped out, so they never made the movie. So I was supposed to be in the Hills Have Eyes and the last Smokey and the Bandit never happened, but The Unbreakable Bunch, I'm in like the whole movie and I can't wait to see the thing."


AEW WrestleDream - October 1, 2023

Broadcast into Australia via FITE

Bryan Danielson vs. Zack Sabre Jr.

Hangman Page vs. Swerve Strickland

AEW Tag Team Champions FTR defend against Aussie Open

ROH Tag Team Champions Adam Cole & MJF defend against The Righteous (Vincent & Dutch)

NJPW Strong & ROH World Champion Eddie Kingston defends both titles against ROH Pure Champion Katsuyori Shibata

TNT Champion Christian Cage defends against Darby Allin in a two out of three falls match

TBS Champion Kris Statlander defends against Julia Hart

Will Ospreay, Konosuke Takeshita, and Sammy Guevara vs. Kenny Omega, Kota Ibushi, and Chris Jericho

Additional matches have been added to next Sunday's AEW WrestleDream card.

Don Callis on Saturday’s Collision revealed that Will Ospreay will team with Konosuke Takeshita and his newest family member Sammy Guevara against Kenny Omega, Chris Jericho, and Kota Ibushi. This stems from events that took place on Friday’s Ramapge, where Omega made the save for Jericho after Guevara and Takeshita jumped Jericho.

In addition, Christian Cage will defend the TNT title in a two out of three falls match against Darby Allin. On Saturday’s Collision, Allin had a three-way title match won between himself, Cage, and Luchasaurus when Cage posted Allin, allowing himself to pin Luchasaurus. In a backstage interview, Tony Schiavone told Cage he would be defending the title at WrestleDream.

Eddie Kingston in a promo revealed that he will be putting up both the ROH and New Japan Strong titles against Katsuyori Shibata at WrestleDream, saying that he wanted a match that would honor Antonio Inoki.


WWE PPVs

Saturday, Oct. 7

WWE Fastlane

Indianapolis

WWE Crown Jewel 2023

November 4, 2023

Riyadh, Saudi Arabia

Saturday, Nov. 25

WWE Survivor Series

Chicago

WWE Survivor Series 2023

November 25, 2023

Rosemont, Illinois (Chicago) - Allstate Arena


Lachlan Murdoch inherits a daunting to-do list. Observers are divided over how he will cope = 23rd September 2023

First among equals is how media mogul Rupert Murdoch once described his eldest son Lachlan, when asked about the succession plan at his global media empire. Now with Rupert’s retirement this week from the boards of Fox Corporation and News Corporation, Lachlan’s position at the top of the family-controlled empire is cemented.

However, 52-year-old Lachlan inherits a daunting task. He takes control of the global newspaper and television businesses as both face major challenges. He becomes head of one of the most influential American media companies as the US goes into perhaps its most important presidential election in recent history. And, his every step will be measured against his father’s legacy.

Former News Corporation executive John Cowley has no doubt that Lachlan is up to the task. “He was trained by the best. His father would have rubbed off on him, but he’s also his own man. He will do a good job,” Cowley said.

Lachlan’s first real job in the Murdoch empire was working for Cowley. It was three decades ago, when at the age of 22, he joined Queensland Newspapers as its general manager. Fresh from having studied philosophy at Princeton University, the young Murdoch would walk the newsroom floor with his shirt sleeves rolled up – exposing a tribal tattoo on his left arm – discussing stories with journalists, much as his father had once done.

Over seven decades, Rupert Murdoch, 92, built a global media empire from a single Australian newspaper. As his business expanded so did his influence and he became one of the world’s most powerful, polarising and right-wing businessmen, owning outlets such as Fox News, the Wall Street Journal, The Times, and The Australian.

R?upert pitted ?Lachlan from an early age against two of his siblings, older sister Elisabeth and younger brother James, to take over the family empire. ?

Lachlan, Elisabeth and James would come and go from the family business, vying for their father’s affection and at times falling out with him. But it would be Lachlan who would return to the fold and stay.?

The Murdoch family governs News Corporation and Fox Corporation through a family trust. Rupert has six children from three wives. The family trust owns almost 40 per cent of the voting shares in both companies.

Each of Murdoch’s children know how difficult it is being the progeny of a successful parent. Put simply, if the adult children of successful parents make good, it’s because of what their parents left them. If they don’t, people ask what’s wrong with them.?

This is what Lachlan is up against, even in his middle age.

Billionaire James Packer can sympathise, as he spent most of the first half of his life being compared against his father – the late media tycoon Kerry Packer.

James multiplied the wealth he inherited from his father. But then his publicly listed Crown casino business became embroiled in a Chinese money-laundering scandal. It was fined, and he sold it, and since then, has focused on private investments.

“Lachlan will do very well. He’s following in a legend’s footsteps, one of the biggest, being Rupert, and that’s never easy,” says Packer, who has been friends with Lachlan for more than three decades. “But I think Lachlan’s ready, and he’s the right man for the job.”

Not everyone agrees.

Rod Tiffen is an emeritus professor at the University of Sydney, who has published books on the news media, including about Rupert Murdoch. He’s critical of Lachlan’s rise to the top of News Corporation and Fox Corporation.

“The idea that a position like that should go by heredity belongs more in the age of Jane Austen than of the contemporary corporate world,” Tiffen says. “It might be okay for the corner store to pass from father to son, but a global corporation should be based on some sort of merit, and not just having the same surname.”

Lachlan becomes chair of News Corporation, which owns newspaper and real estate assets, and also the chair and chief executive of Fox Corporation, which owns Fox News and Fox broadcasting.

In 2019, Fox sold its $US71.3 billion film and television business to Walt Disney, predicting the streaming war that is now playing out, and which has cost companies such as Disney, Netflix and Amazon billions. It was a clever move hailed as Rupert’s crowning achievement.

However, it has left Fox much smaller than many of its peers, with a focus on news and sport. The broadcast and cable TV outlets in the US are declining, and Fox is also competing against bigger players such as Amazon, Netflix, Comcast, Disney and Warner Brothers in securing sporting rights.

The embattled news arm was also sued after broadcasting conspiracy theories and claims of vote rigging promoted by Donald Trump in the 2020 election. Earlier this year, Fox settled a defamation lawsuit with Dominion Voting systems for $US787.5 million ($1.2 billion). It is now facing another lawsuit from a voting machine manufacturer, Smartmatic, which is likely to be at the top of Lachlan’s to-do list to resolve.

?Another problem for Lachlan is that Donald Trump is shaping up as the most likely Republican candidate for the 2024 election, if he’s able to overcome the legal cases that he is facing.

However, it would be hard for Fox News to back him given Rupert has publicly criticised Trump and disowned him.? And yet, much of the Fox News audience are Trump supporters. Fox News will risk alienating its audience more if Trump becomes the Republican candidate, and it doesn’t back him.

News Corporation has real estate assets such as REA Group and owns newspapers such as The Times, The Australian and the Wall Street Journal. The print assets are declining while the digital side of those newspapers has been growing, particularly the Dow Jones group in the US.

Matt Williams is head of Australian equities at Airlie Funds Management. It owns 2 per cent of the voting shares in News Corporation, which he argues remains undervalued. “Over the last ten years management have done a very good job with the Dow Jones business in re-aligning the business from being reliant on advertising to much more now a subscription-based business.”

He says Lachlan has been a good steward of News Corporation, and expects the strategy of that group to remain unchanged.

However, Tiffen expects there will be pressure to shut print newspapers when Rupert dies. “Everyone rightly goes on about what a terrific global media empire Rupert Murdoch has built. On the other hand, if you were writing his obituary now, you would say that he’s lost more money on newspapers than anyone else in history. And chances are that won’t continue after he dies.”

Tiffen expects that Lachlan will not make any significant changes to either Fox Corporation or News Corporation’s strategy while his father remains alive. “It’s much more likely that any changes will have to be after Rupert’s death, and then it’s quite unpredictable.”

The unpredictability is over whether Lachlan’s siblings who have voting rights in the trust – Prudence, Elisabeth and James – will be happy with his leadership of Fox Corporation and News Corporation, and the right-wing agendas they have pursued.

“In the short term, while Rupert’s alive, the other three children are going to be respectful,” says Tiffen. “But after he dies, then Lachlan’s relations with his other siblings will be much more difficult to predict.”

(SMH)


Rear Window - September 14, 1999

Kostya, TAB go down fighting

It had more celebrities than a Saturday night in Atlantic City. In one corner, "Break Even" Bill Mordey; in the other, Russian-born dynamo Kostya Tszyu and a gaggle of heavy-hitters including Packer confidant Theo Onisforou and Jeff Fenech.

Mordey won round one when NSW Supreme Court Justice Russell Bainton last year ordered Tszyu to pay $7.3 million to Mordey's Fightvision Pty Ltd for breach of contract, in the process describing the Russian-born boxer as a "spoiled brat".

Yesterday, round two ended with a TKO to Break Even, who managed to deliver a haymaker to TAB boss Warren Wilson. Having bought Sky Channel from Packer's Publishing & Broadcasting and Rupert Murdoch's News Corp last year, TAB will now have to partially foot a $7.3 million damages bill after three appeal judges found Sky Channel had induced Tszyu to breach his contract with Mordey.

Sky Channel will have to pay the costs of Fightvision's original claim against Sky Channel and its appeal in a result Wilson said was disappointing. TAB is considering whether it has any further legal avenues.

The stoush began when Tsyzu appealed against last year's decision, claiming the damages awarded against him were excessive. That prompted Mordey's counterpunch, appealing against the cases he lost to the other five defendants: Fenech, Sky Channel, Onisforou, Tszyu's new promoter, Vlad Warton, and Tszyu's company, Tszyu Enterprises.

The NSW Court of Appeal yesterday dismissed Tszyu's appeal. Mordey had a victory against Sky Channel, Warton and Tszyu Enterprises, but struck out against Onisforou and Fenech. Warton and Tszyu Enterprises will be back for a third round after the court ordered a new trial in relation to Mordey's claims.

Mordey and Fightvision had sought compensation from Tszyu for lost promotion revenue after the fighter breached his contract in early 1995 by agreeing to give Optus Vision or Sky Channel exclusive rights to broadcast his bouts.

In his judgement, Justice Bainton found Tszyu entered into a binding three-year contract with Mordey's Classic Promotions in 1992 and that contract contained an option of renewal for two years. The company wound up in 1993 and Fightvision took over its promotions.

Justice Bainton found that the renewal option in Tszyu's contract had been effectively exercised in January 1995, and that the boxer had broken that contract almost immediately.

Fightvision was entitled to recover from Tszyu profits it would have made from promoting his fights from January 1995 to January 1997 in total $7.3 million.

Room with a view? Er, I'll settle for the ground floor, thanks all the same

While travelling always presents its challenges, Rear Window's Tasmanian tourism operative appears to have struck an unusual problem while cycling through the Apple Isle.

During a bracing journey down the Midland Highway from Launceston to Hobart, our peleton wanabee sought refuge at a cosy bed and breakfast in the hamlet of Campbell Town, where the civic motto is: "Reaching out across the land, over the sea, through the air, towards the stars, Campbell Town is reaching out to you."

Noting the prominent "Vacancy" sign, our operative entered, only to be told by the landlady: "Sorry, we have no vacancies."

But what about the sign? "We haven't got around to making a `No Vacancy' sign yet. Getting the floors fixed comes a long way ahead of a `No Vacancy' sign in our priorities."

We'd advise getting a room on the ground floor.

Rupert shows UK interest but his ratings keep falling

Not content with wading into the murky world of Chinese-Tibetan relations, Rupert Murdoch has turned his hand to matters economic.

Murdoch has attacked the Bank of England in the wake of last week's surprise decision to lift British interest rates, expressing dismay that the central bank should be worried about the United Kingdom's 1.5 per cent economic growth when "the US economy is charging along at 4 per cent with no sign of inflation".

In an interview with London's Sunday Business newspaper, Murdoch also attacked UK Chancellor of the Exchequer Gordon Brown, claiming Brown was "wrong" to give the BoE the power to determine interest rate policy one of the central tenets of central bank indepence worldwide.

"We elect governments to govern, not to give up power to faceless bankers," Murdoch reportedly said, highlighting his growing schism with the government of Tony Blair, who only a few years ago attended News Corp's Hayman Island executive love-fest.

Just last week, Murdoch was kowtowing to the Chinese Government, claiming he had heard cynics say the Dalai Lama was "a very political old monk shuffling around in Gucci shoes" and questioning whether Tibet a "terrible old, autocratic society out of the Middle Ages" had any culture before China invaded.

It is all reminiscent of Murdoch's comments at News Corp's 1995 annual general meeting in Adelaide, where he blasted the Australian economy as "a disgrace" as he offered an opinion on all manner of non-media topics.

By 1997, a chastised Murdoch said son Lachlan had told him he was "not allowed" to talk about Australian politics. "I'm now under very strong instructions from my son to keep my mouth shut because I can go back to America and he has to live with what I have said," the elder Murdoch said.

The Sun King might be better off worrying about the performance of his News Corp empire, which recently suffered a hefty drop in profitability and has kicked off the latest United States television season in unspectacular fashion.

Ratings for News Corp's core Fox group are down an average 6 per cent, with not even the 10th series of its old standby, Beverly Hills 90210, improving the situation.

Guess who's late for dinner?

Here's hoping the 2000 Olympics are better organised than Rear Window, which battled the gremlins in yesterday's paper only to have an item about tomorrow night's glamour Australian Olympic Committee 1999 Countdown Dinner run about two weeks too late. Times have changed since the AOC first sought a plug for the function: the dinner is now sold out, with 1,000 people each paying $1,000 to raise a more than $700,000 for the Australian team. A number of team members will be there on the night, with dual gold medallist Kieren Perkins one of the 100 past and present Olympians who will each sit at the tables snapped up by companies including Telstra, CUB and Westfield. Major Olympic sponsor Westpac is holding its own function.

(AFR)

 

High Stakes: The ‘life-or-death’ battle over a company name

Two stars of Australia’s new economy – the similarly named share trading platform Stake and online cryptocurrency casino juggernaut stake.com – are locked in a life-or-death court battle over naming rights amid growing concerns the gambling outfit has major plans for its home country.

Stake the share platform launched legal action in the Federal Court in August seeking to enforce its trademarks and stop stake.com, a multibillion-dollar enterprise, from using that name for its business in Australia.

The fast-growing Sydney-based share trading platform, the third-largest broker in the country, alleges that the casino group stake.com has been breaking Australian consumer law and has misled consumers through the use of its brand in Australia and its marketing, including its sponsorship of the Alfa Romeo team and the sale of apparel.

Stake the share trading platform, which owns the URL stake.com.au, alleges stake.com’s use of the name in Australia has potentially led to consumers believing the two brands are related when they are not.

The share trading platform Stake, founded in 2017 by entrepreneurs Dan Silver and Matt Leibowitz, alleges there is a threat that more consumers could be misled if stake.com is allowed to continue with its plans to grow its business significantly in Australia under the brand name Stake.

The casino group, led by Melbourne-based twenty-somethings billionaires Ed Craven and Bijan Tehrani, is expected to seek to have the matter summarily dismissed.

A spokesperson for stake.com said: “We are aware of a frivolous claim lodged in the Federal Court by Stakeshop, which in part claims that our global Formula One team sponsorship impinges on their ability to sell trucker hats.”

“We are proud of the global stake.com brand. As a group, we abide by the laws of the countries in which we operate, and do not offer our stake.com platform to Australian customers. We believe the claim has no legal merit and will vigorously defend our rights.”

The court case has shed new light on stake.com’s expansion plans for Australia, where it remains blocked to Australian users.

Court documents reveal the casino group has sought to buy the stake.com.au website from the sharemarket trading platform business. According to the court documents, the casino group has also registered several Australian website domains for its Australian expansion and applied to register a slew of trademarks including Stake Australia, Stake Bet and Stake Casino.

The Federal Court action comes after years of simmering tensions between the two groups over the use of stake.com’s name in Australia.

Stake.com was established in 2017 but flew under the radar in Australia until late 2021, when this masthead revealed the local origins of the business that had grown to be one of world’s largest online casinos, processing hundreds of billions of bets on sports, virtual table games and online slot machines.

In early 2022, stake.com signed hip-hop megastar Drake as its lead ambassador. Later in 2022 it signed a multi-year deal to become lead jersey sponsor for English Premier League team Everton FC as well as its sponsorship of Alfa Romeo’s F1 team.

The significant increase in stake.com’s marketing and media presence was noticed at the share trading platform group that built its user base during the COVID-inspired boom in Gen Y and Gen Z investors, thanks in part to its ultra-low cost brokerage fee model, savvy marketing and the broadening into other financial services including a superannuation product.

A spokesman for Stake the share trading platform said that since the group was founded in Australia it had built a client base of more than 500,000 and more than $2.5 billion in assets under management.

“Over the past six years, we have established a trusted and culturally relevant Australian brand that reflects our dedication to meeting customer needs. It permeates all parts of our business, spanning products, content, internal culture, customer interactions and much more, making it our most valuable asset. We are committed to protecting the Stake brand and the high level of consumer trust associated with it,” the spokesman said.

“We are concerned by the threatened use of the Stake brand in Australia by stake.com in relation to gambling, casino and sports betting services, due to the potential for customer confusion and damage to our brand and reputation.”

Stake.com is not available in Australia but according to court documents, the group is already making arrangements for a major expansion in this country and is seeking a sports betting licence.

In October 2022, stake.com casino executive Brais Pena Sanchez contacted Stake share trading founder Silver on LinkedIn and arranged a video conference meeting where the pair discussed Stake the share platform selling its Australian URL, stake.com.au, to the Curacao-registered, Australian-operated casino group.

During those discussions, Sanchez – the casino group’s chief strategy officer – informed Silver that stake.com planned to launch in Australia under the name Stakebet, or similar, according to court documents. A deal never ensued and the website remains owned by the share trading platform.

Tensions flared again in early 2023 after stake.com the casino was announced as the new team sponsor for Formula 1 team Alfa Romeo, sparking a flurry of legal letters between the two groups ahead of the Melbourne race.

According to the court documents, the casino group’s lawyers assured the share trading Stake that it would not use its logo in conjunction with the Melbourne Grand Prix and did not intend to display the name on any vehicles or uniforms or as part of the Alfa Romeo team name.

However, the share trading Stake alleges that during the four days of the Grand Prix, Stake casino logos appeared on banners for official team merchandise, the team display and on signs at the event and in the race program.

In May, Stake.com was applying to register a large number of new trademarks for goods and services. This included Stake Australia, Stake Bookie, Stake Betting, Stake Gaming, Stake Esports, Stake Casino, Stake Sportsbook, Stake Bet, Stake Punt, Stake Sports, Stake Pokes and Stake Slots.

The casino group has also registered a series of Australian website names under the “.au” domain including stakebet.au; stakecasino.au, stakesports.au and playstake.au.

The case continues.

 

Crown to launch digital self-exclusion scheme for casinos - July 2023

People with gambling problems will be able to ban themselves from Crown casinos over the internet instead of having to do so in person, as part of a wider overhaul of the group’s approach to harm minimisation.

Crown Resorts’ new safer gambling program also includes the establishment of a dedicated gambling policy team, which will monitor customer playing behaviour and create interventions to better prevent gambling harm from occurring.

Crown boss Ciaran Carruthers joined the business last year following an overhaul of Crown’s management, after a series of bruising inquiries into the company. Carruthers, who has led other global casino groups including Wynn Macau, said the new leadership of Crown was committed to making gambling safer, even if it meant less turnover in its casinos.

“I have been in this business for 34 years and I can tell you – no one does this,” Carruthers said.

“It is critically important to me that when I look at the long-term viability of this business that people see our resorts as entertainment to enjoy safely.”

Under the changes, customers will be able to block themselves from entering a Crown casino through a new digital self-exclusion portal. Those who wanted to ban themselves from Crown venues were previously required to visit, in person, a designated responsible gambling centre run by the group.

The group has also moved to cashless gaming at Crown Melbourne and Crown Sydney – a condition of its temporary gaming licences in NSW and Victoria– as well as introducing $10 maximum bet limits on poker machines at Crown Perth. The technological overhaul required to facilitate the changes has so far cost the business $13 million.

Carruthers pointed to changes Crown has already made which go beyond government regulation, such as encouraging customers to take breaks every three hours, as an indicator of its commitment to shifting problem gambling patterns.

The group said it wanted to establish advisory panels to work with state regulators and community groups to improve gambling harm education and share its research.

Carruthers conceded some aspects of its new approach to harm minimisation, called Crown PlaySafe, would not be welcomed by heavy gamblers. But he argued the changes would make the casinos more appealing to the general public.

Crown’s new head of gambling policy research, Dr Jamie Wiebe, said the most critical shift in the groups gambling policy was a move away from harm minimisation to prevention.

“We want to prevent a problem from ever happening,” she said.

The new program was unveiled just weeks after the Federal Court determined Crown will pay one of the biggest penalties in Australian corporate history to the financial crimes watchdog, after past anti-money laundering and counter-terrorism failings in its Perth and Melbourne casinos.

The $450 million fine is about five per cent of Crown’s last listed market capitalisation before it was taken private by Blackstone Capital for $8.9 billion in May last year.

In 2019, an investigation by this masthead and 60 Minutes revealed Crown had been infiltrated by international criminal syndicates and money launderers.

Crown was forced to overhaul its board, management and procedures to satisfy the regulators, who approved a conditional licence for Crown to operate its Barangaroo casino in June 2022. The conditional licence is valid until the end of this year.

Carruthers said the integrated hospitality offerings at Crown meant the casino could afford to embrace the shift.

“I want people to enjoy the experience of our casinos whether they’re coming for dining, casino or retail. I’m fairly agnostic across which one of those experience or how many of those experiences you want to enjoy,” he said.


Reclusive Sydney gambling mogul emerges as kingmaker in South Africa -
September 2023

Reclusive online gambling mogul Martin Moshal is playing an increasingly influential role in a push to oust the South African government.

Mr Moshal, who lives on the exclusive Sydney Harbour row of Camp Cove alongside shopping centre billionaire Steven Lowy, is not on many rich lists but has made a fortune from online casino technology.

Herman Mashaba is the leader of ActionSA, one of a handful of opposition parties Mr Moshal has backed in the lead up to the 2024 South African national election. Mr Mashaba, known for taking a tough line on immigration and endorsing hard labour for prisoners, is hoping the gambling tycoon will continue his support.

“I wish he won’t give up on us and help us democratically remove the [incumbent African National Congress] and bring about a peaceful transition... please help ActionSA,” Mr Mashaba said in an interview with The Australian Financial Review.

“I have been lucky to have known Martin long before I went into politics,” he added. “I approached him and he was willing to back me up because he knows me as a capitalist... Martin was one of the first to come to the party.”

President Cyril Ramaphosa’s social democratic African National Congress party is set to come under pressure next year amid South Africa’s dire economic troubles. A senior party official has warned the country could become a failed state.

Mr Moshal is the largest individual political donor in South Africa in the last two years. He has given 46.5 million rand ($3.8 million), according to electoral records analysed by My Vote Counts, a non-profit advocating for more transparency in politics.

“Given the amounts donated it has become clear to us he now has a large stake in our politics,” said Robyn Pasensie, a researcher at the organisation.

The size of Mr Moshal’s wealth is unknown. He is extremely private and only admitted to his ownership of online gambling giant Betway after UK journalists traced his ownership back to offshore trusts. Mr Moshal did not respond to a request for comment.

Aside from ActionSA, Mr Moshal has donated to the Democratic Alliance (DA), Build One South Africa and said he also intends to support the Inkatha Freedom Party. Mr Moshal is ActionSA’s biggest backer. The Australian Financial Review is not suggesting Mr Moshal supports the party’s policies.

“I’m not saying these parties are all perfect, but we shouldn’t let perfect be the enemy of good... They are all far better than the government we have today,” Mr Moshal told The Jewish Report earlier this year.

“Pirkei Avot was my late dad – John Moshal’s – favourite part of the Talmud within which Rabbi Tarfon is quoted as saying, ‘It’s not up to you to finish the task, but you aren’t free to avoid it’.”

Mr Moshal said he believed South Africa needed a new government and was on its way to becoming a failed state.

“[This is a] government that’s corrupt, cannot provide basic security and opportunity to its citizens... we need the change of government and leadership that these parties can provide.”

ActionSA is known for advocating for life sentences and hard labour for serious offenders and also wants to repeal the ANC’s Broad-based Black Economic Empowerment (B-BBEE) policy, a form of affirmative action introduced post-apartheid.

“Martin knows my views on racial policies and how dangerous they are,” said Mr Mashaba, who started off in business and was the founder of African hair care brand, Black Like Me.

ActionSA has also been vocal on immigration, views labelled as “xenophobic” by some critics and politicians.

“We recognise that South Africa was built... on the back of migrants,” said Mr Mashaba. “But they must come here legally... you break our laws, we will send you back to your country, the country where you came from.”

One of South Africa’s main economic problems is mismanagement and corruption inside the country’s electricity utility Eskom. The utility has been forced to implement rolling blackouts, which have further stymied economic growth.

“If Eskom cannot run on a commercial basis then it must die a natural death,” Mr Mashaba said, adding changes were needed to give other companies the opportunity to compete.

Mr Moshal’s Entrée Capital is one of Israel’s most active funds in the Israeli VC space. He is the beneficiary of a trust which is the largest individual shareholder in Super Group, which became the parent of Betway and online casino brand Spin after a 2022 listing. The group reported net gaming revenue of €1.3 billion ($2.1 billion) in 2022.

“Moshal is one of the least visible betting entrepreneurs in the world,” Guardian reporter Rob Davis wrote in his book Jackpot: How Gambling Conquered Britain.

“Moshal made much of his fortune from his home in Durban where he patented a series of technological solutions for the online gambling world and developed them via his company Microgaming. The company has since become one of the industry’s leading software players”

A philanthropist, he sits on the capital management advisory committee of Sydney’s Moriah College, alongside Steven Lowy and former Babcock & Brown chief executive Phil Green. He is also a life trustee of the Moriah Foundation and previously donated to Israel’s SpaceIL project attempting to land spacecraft on the moon.

 

SkyCity puts aside $45m for potential AUSTRAC penalty - August 2023

SkyCity Entertainment set aside $45 million for a penalty if it is convicted of breaches of anti-money laundering and counterterrorism laws.

The financial crimes watchdog, AUSTRAC, lodged proceedings against SkyCity in December over alleged serious and systemic non-compliance with the laws at its Adelaide casino.

SkyCity said on Monday it was difficult to determine the size and timing of the penalty, given the proceedings are in the early stages. But it decided to lodge a $45 million provision on the basis that each breach attracts a maximum civil penalty of between $18 million and $22.2 million.

“Estimating the potential exposure to penalties with any degree of accuracy at this stage of that ongoing process remains challenging, particularly given the outcome is highly dependent on a range of factors which are not yet known,” a statement said.

AUSTRAC has alleged “serious noncompliance” with anti-money laundering laws against SkyCity, claiming the company allowed 59 suspicious patrons to churn more than $4 billion in dirty cash through its Adelaide casino. The independent review is on hold because of the Federal Court action.

The company cut full-year earnings expectations at an investor day in May, with a slowdown in revenue from the international business and rising legal and compliance costs related to a crackdown on money laundering weighing on its bottom line. Analysts have provisioned about $50 million for the AUSTRAC fine, but there is no guarantee that will be enough.

In late May, SkyCity announced it would hire an independent expert to review its anti-money laundering and counter-terrorism programs. It is still waiting for South Australia’s investigation into whether it should hold a casino licence to recommence.

“Judgements in civil penalty proceedings bought by AUSTRAC to date demonstrate that the Court’s determination of the appropriate penalty ... is very specific to the fact in each case and that the Court will have regard to a broad range of factors,” SkyCity said.

SkyCity’s provision announcement coincided with a $45.6 million write-down of the Adelaide casino licence, which was attributed to the value and timing of future discounted cash flows.

The company said the impairment and provision were non-cash and would not affect earnings for fiscal year 2023. Earnings before interest, tax, depreciation and amortisation remain in line with guidance of $NZ300 million ($276.6 million) to $NZ310 million.

SkyCity’s provision comes a month after the federal court agreed on rival casino operator Crown’s $450 million fine for breaches of anti-money laundering and counter-terrorism laws. The fine is being paid over a two-year period without interest.

Shares closed on Friday at $2.09.


Hotel room rates plummet for F1 Las Vegas Grand Prix weekend - September 2023

Hotel room rates for Las Vegas Grand Prix weekend have fallen by nearly 60 percent in some cases since they were first posted last fall. But an industry expert says that does not necessarily mean interest in the event is failing to meet expectation.

When select Las Vegas resorts in November 2022 opened their booking schedules for race weekend, listed prices were as high as they have been seen in the city’s history. While still at higher than normal rates, a major decrease has occurred.

When a drop in booking pace occurs, it automatically triggers revenue management systems to suggest the lowering of room rates, according to Dr. Mehmet Erdem, professor of hotel operations and technology at UNLV’s William F. Harrah College of Hospitality.


Pennsylvania online casinos cross $5 billion in lifetime revenue - September 2023

Business is booming in Pennsylvania. The Keystone State is the clear market leader when it comes to online casino revenue within the US. After August’s total of $171.9 million, Pennsylvania surpassed the $5 billion threshold for lifetime revenue.

Pennsylvania online casinos are constantly upgrading and adding new content, and customers are responding. It doesn’t appear the market will be slowing down anytime soon, either.

Pennsylvania has set the US online casino revenue record four times over the last 11 months, and almost did so again. August’s revenue total of $171.9 million came second to March’s figure of $181.5 million. It was the second-best month of all time for any state with legal online casinos.


Atlantic City: Five-year turnaround of Ocean Casino Resort among city’s greatest successes - September 2023

In the winter of 2019, if any New Jersey sportsbook had tried to offer odds on the Atlantic City casino hotel then known as Ocean Resort Casino making it through another summer, no gambler in their right mind would have taken the bet.

Fast forward to the end of summer 2023, and the property now called Ocean Casino Resort is one of the city’s best performers. In fact, an argument can be made that Ocean’s rise to the upper echelon of the Atlantic City casino market is the most remarkable turnaround of any gambling parlor in history.

From its failed origins as Revel Casino Hotel to its seemingly doomed trajectory in February 2019, the $2.4 billion casino at the north end of the AC Boardwalk felt almost cursed (if you believe in that kind of stuff). But, apparently, the gambling gods decided Ocean was deserving of a better fate.


Once shunned by casino operators, responsible gaming campaign turns 25

At a time when problem gambling matters were rarely mentioned in gaming company boardrooms, Harrah’s Entertainment decided the issue needed to be raised on casino floors.

But it wasn’t just rival corporate executives that looked askance at the idea of employees learning how to spot signs that a customer might have a gambling problem.

“Our own lawyers tried to block it,” recalled Jan Jones Blackhurst, who was then a Harrah’s senior vice president. With the support of company CEO Phil Satre, she led Harrah’s launch of the casino industry’s first responsible gaming initiative in the mid-1990s.

“We had employees that wanted to be educated on the subject. They wanted to be able to help,” said Jones Blackhurst, who completed two terms as Las Vegas mayor before joining Harrah’s. “Maybe because I came out of politics. You have a responsibility to your communities, your customers and your employees. We believed it was the right thing to do.”


Sportsbooks ratchet up targeted advertising at start of NFL season

Shortly after the NFL forged authorized gaming partnerships with a host of leading sportsbooks in the 2021 offseason, operators began flooding the airwaves with a series of humorous spots that featured celebrities hawking their products.

Caesars Sportsbook spent lavishly on an ad package starring the Manning Brothers and actor J.B. Smoove as the eponymous emperor. During Super Bowl LVII last February, Kevin Hart expressed his displeasure for “taking the under” in a DraftKings spot while standing mere feet from WWE wrestler The Undertaker. Another commercial from FanDuel featured a live field goal attempt by former New England Patriots tight end Rob Gronkowski, one that drifted wide left of the upright at the last second.


Former lieutenant governor calls for Nevada Gaming Commission cyber briefing after MGM and Caesars hacks - September 2023

In light of cyberattacks on MGM Resorts International and Caesars Entertainment, former Nevada Lt. Gov. Brian Krolicki, now a Nevada Gaming Commission member, called for a briefing on the hacking incident to shed more light on what happened and how it can be prevented in the future.

The suggestion comes the same day the Massachusetts Gaming Commission met in executive session “to consider information related to an MGM cybersecurity issue.” It held a similar closed meeting on Monday.

After it returned to the public session on Thursday, the Commission entered into an executive session regarding security at MGM Springfield, according to the Commission agenda.

Krolicki made his comments at the end of Thursday’s five-hour meeting of the Nevada Gaming Commission. Since it was made during the public comment session, the commission could not take up the matter, but it’s likely the issue will return to the Commission and the Nevada Gaming Control Board at some point.

In the latest cyberattack that started being felt Sept. 10 and went into this week, hackers knocked slot machines out of commission and created havoc with ATMs and computer systems. MGM, which is reported by a Wall Street analyst to have lost between $4.2 million and $8.4 million a day with the hack, said its systems were operating normally across their properties nationwide as of Wednesday. Caesars reported it was hacked in late August and had customer information stolen but paid a $15 million ransom that avoided any shutdowns.

In December, the Commission approved cybersecurity regulations for the state’s gaming industry to protect operators’ information systems from attacks that could shutter casinos and compromise customer data. The rules went into effect Jan. 1. That approval came right after BetMGM reported that its customers’ personal information – including Social Security numbers – was obtained in an unauthorized manner and included information on their transactions.

In the regulations, casinos were required to do a risk assessment of their systems by the end of 2023 and take any necessary steps on an ongoing basis to ward off an attack. If any breach was successful that compromised player data, credit card information and other records, including that of employees, properties would be required to report it to gaming regulators within 72 hours.

“It would be important and enlightening given the recent events of the past week regarding cyber security and ransomware in particular at MGM and our friends at Caesars and look at how it impacts our world and regulatory responsibilities,” Krolicki said, later adding, “I think at some point in time when there’s the energy and understanding of what just happened if we could get some kind of briefing of what transpired that’s appropriate for public record and perhaps policies going forward of how do we avoid these things and if they do happen whether the reporting schemes on whether it was immediately reported to the Gaming Control Board. There are a lot of questions and a lot of publicity. It’s a global story, and I just think it would behoove all of us to get a good handle on what just happened.”

The Nevada Gaming Control Board released a statement on Sept. 13 saying Gov. Joe Lombardo and the board “are monitoring the cybersecurity incident with MGM Resorts and are in communication with company executives. Additionally, the Nevada Gaming Control Board remains in communication with other law enforcement agencies.”

Casino consultant Brendan Bussmann, managing partner of B Global, which tracks gaming boards and commissions, said the Massachusetts hearing won’t be the last and expects states across the country to hold similar sessions wanting to hear from MGM executives.

“Nevada is the second regulator that I know has raised their hand on this after Massachusetts,” Bussmann said. “It should be about what happened and how it happened, which should be considered confidential information. This is going to be a question that every regulator for both commercial gaming and tribal gaming is going to be concerned about. Since we’re still trying to figure out what happened, then we can see what tools we need as an industry to beef up our efforts on cyber-related events.”

While everyone is focused today on MGM and Caesars, this is not the first cyber attack, Bussmann said.

“This can go back to the Las Vegas Sands attacks in 2014 from the Iranians and any other data breaches that happened between then and now,” Bussmann said. “I would expect every state at a minimum has MGM and Caesars in it to at least say what happened and what can we do regulatory to help this and what can we do with testing and what can we do IT and host of things.”

Bussmann said the regulators can’t be reactionary but instead should get evidence on how it happened and use the best resources outside of the casino industry, such as security firms, to do it right.

“There’s no one better suited to regulate Nevada on this issue than the Gaming Control Board in working with law enforcement partners across the country,” Bussmann said.

 

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Netflix finally reveals how much it makes from Australians - 1st June 2023

Netflix made more than $1 billion from Australians last year, a figure the company reported for the first time after deciding no longer to funnel revenues through a Netherlands-based subsidiary.

Accounts lodged by the streaming giant show Netflix Australia made $1.06 billion in 2022, up from $30.7 million the year before.

The increase in reported revenue came after the company’s local subsidiary changed how it bills. It now describes itself as a “distributor of access” to Netflix Service as opposed to a provider of services for its parent company.

It was previously estimated that Netflix made between $790 million and $1.4 billion from Australians, but customers were billed by Netflix International BV. But from January 1 last year, customers were billed by Netflix Australia, meaning subscription revenue was recognised and taxed locally.

The accounts, filed with the Australian Securities and Investments Commission, show Netflix Australia paid $966 million to the Netflix Group in distribution fees and other costs, meaning it made just $22.7 million from total revenues of $1.06 billion.

After paying $6.9 million in income tax, it reported $15.8 million profit for the year.

“As Netflix continues to grow and invest in Australia, we want our corporate structure to reflect our business activities here,” a spokesman for Netflix said last year when The Australian Financial Review reported the structural change.

In 2021, Netflix Australia reported $30.7 million in revenue, $2.4 million in profit pre-tax, and $1.5 million in profit after its $868,000 income tax bill.

Netflix does not disclose subscriber numbers for Australia, but the revenue figures included in its latest accounts implies the service has around five million customers locally, if its standard plan, $16.99 per month, is used as a guide. It has four monthly price tiers including a new, cheaper one that now adds some advertising.

According to the Australian Communications and Media Authority, streaming services made a combined $2.49 billion in Australia in 2021.

The disclosure of Netflix’s true Australian revenue comes as the federal government considers introducing quotas that would force streaming companies to spend a certain amount making shows locally.

Some suggestions have been forcing them to spend between 10 and 20 per cent of local revenue on Australian shows, meaning Netflix would be required to spend, depending on the rate, between $100 million to $200 million.

ACMA estimates streaming providers spend $335.1 million on Australian content in the 12 months to the end of June last year, up from $178.9 million the year before.

Netflix has been contacted for comment.

News

Mistakes and miscalculations: How the Murdochs and Fox got it so wrong - 30th May 2023

In August 2021, the Fox Corp. board of directors gathered in Los Angeles. Among the topics on the agenda: Dominion Voting Systems’ $US1.6 billion ($2.5 billion) defamation lawsuit against its cable news network, Fox News.

The suit posed a threat to the company’s finances and reputation. But Fox’s chief legal officer, Viet Dinh, reassured the board: Even if the company lost at trial, it would ultimately prevail. The First Amendment was on Fox’s side, he explained, even if proving so could require going to the Supreme Court.

That determination informed a series of missteps and miscalculations over the next 20 months, according to a New York Times review of court and business records, and interviews with roughly a dozen people directly involved in or briefed on the company’s decision-making.

The case resulted in one of the biggest legal and business debacles in the history of Rupert Murdoch’s media empire: an avalanche of embarrassing disclosures from internal messages released in court filings; the largest known settlement in a defamation suit, $US787.5 million; two shareholder lawsuits; and the benching of Fox’s top prime-time star, Tucker Carlson.

And for all of that, Fox still faces a lawsuit seeking even more in damages, $US2.7 billion, filed by another subject of the stolen election theory, voting software company Smartmatic.

Caught flat-footed

Repeatedly, Fox executives overlooked warning signs about the damage they and their network would sustain, the Times found. They also failed to recognise how far their cable news networks, Fox News and Fox Business, had strayed into defamatory territory by promoting President Donald Trump’s election conspiracy theories — the central issue in the case. (Fox maintains it did not defame Dominion.)

When pretrial rulings went against the company, Fox did not pursue a settlement in any real way. Executives were then caught flat-footed as Dominion’s court filings included internal Fox messages that made clear how the company chased a Trump-loving audience that preferred his election lies to the truth.

It was only in February that Murdoch and his son with whom he runs the company, Lachlan Murdoch, began seriously considering settling. Yet they made no major attempt to do so until the eve of the trial in April, after still more damaging public disclosures.

At the centre of the action was Dinh and his overly rosy scenario.

Dinh, a high-level Justice Department official under President George W. Bush, declined several requests for comment, and the company declined to respond to questions about his performance or his legal decisions. “Discussions of specific legal strategy are privileged and confidential,” a company representative said in a statement.

The second half of 2020 brought Fox News to a crisis point. The Fox audience had come to expect favourable news about Trump. But Fox could not provide that on election night, when its decision desk team was first to declare that Trump had lost the critical state of Arizona.

In the days after, Trump’s fans switched off in droves.

The Fox host who was the first to find a way to draw the audience back was Maria Bartiromo. Five days after the election, she invited a guest, Trump-aligned lawyer Sidney Powell, to share details about the false accusations that Dominion, an elections technology company, had switched votes from Trump to Joe Biden.

Soon, wild claims about Dominion appeared elsewhere on Fox, including references to the election company’s supposed (but imagined) ties to the Smartmatic election software company; Hugo Chávez, the Venezuelan dictator who died in 2013; George Soros, the billionaire investor and Democratic donor; and China.

‘Fox News did its job, and this is what the First Amendment protects. I’m not at all concerned about such lawsuits, real or imagined.’

Fox’s chief legal officer Viet Dinh

On November 12, a Dominion spokesperson complained to Fox News Media chief executive Suzanne Scott and Fox News Media executive editor Jay Wallace, begging them to make it stop. “We really weren’t thinking about building a litigation record as much as we were trying to stop the bleeding,” said Thomas A. Clare, one of Dominion’s lawyers.

As Fox noted in its court papers, its hosts did begin including company denials. But as they continued to give oxygen to the false allegations, Dominion sent a letter to Fox News general counsel Lily Fu Claffee, demanding that Fox cease and correct the record. “Dominion is prepared to do what is necessary to protect its reputation and the safety of its employees,” the letter warned.

Fox, however, did not respond to the Dominion letter or comply with its requests — now a key issue in a shareholder suit filed in April, which maintains that doing so would have “materially mitigated” Fox’s legal exposure.

Three months after the election, another voting technology company tied to the Dominion conspiracy, Smartmatic, filed its own defamation suit against Fox, seeking $US2.7 billion in damages. Dominion told reporters that it was preparing to file one, too.

Dinh was publicly dismissive.

“The newsworthy nature of the contested presidential election deserved full and fair coverage from all journalists. Fox News did its job, and this is what the First Amendment protects,” Dinh said at the time. “I’m not at all concerned about such lawsuits, real or imagined.”

The Fox legal team based much of the defence on a doctrine known as the neutral reportage privilege. It holds that news organisations cannot be held financially liable for damages when reporting on false allegations made by major public figures as long as they don’t embrace or endorse them.

An early warning came in late 2021. The judge in the case, Eric M. Davis, rejected Fox’s attempt to use the neutral reportage defence to get the suit thrown out, determining that it was not recognised under New York law, which he was applying to the case. Even if it was recognised, Fox would have to show it reported on the allegations “accurately and dispassionately”, and Dominion had made a strong argument that Fox’s reporting was neither, the judge wrote in a ruling.

That ruling meant that Dominion could have access to Fox’s internal communications in discovery.

That was a natural time to settle. But Fox stuck with its defence and its plan.

Treasure trove

At nearly every step, the court overruled Fox’s attempts to limit Dominion’s access to private communications exchanged among hosts, producers and executives. The biggest blow came mid-last year, after a ruling stating that Dominion could review messages from the personal phones of Fox employees, including both Murdochs.

The result was a treasure trove of evidence for Dominion: text messages and emails that revealed the doubts that Rupert Murdoch had about the coverage airing on his network, and assertions by many inside Fox, including Carlson, that fraud could not have made a material difference in the election.

The messages led to even more damaging revelations during depositions. After Dominion’s lawyers confronted Rupert Murdoch with his own messages showing he knew Trump’s stolen election claims were false, he admitted that some Fox hosts appeared to have endorsed stolen election claims.

During Carlson’s deposition last year, Dominion’s lawyers asked about his use of a crude word to describe women — including a ranking Fox executive. They also mentioned a text in which he discussed watching a group of men, who he said were Trump supporters, attack “an Antifa kid”. He lamented in the text, “It’s not how white men fight,” and shared a momentary wish that the group would kill the person. He then said he regretted that instinct.

There is no indication that Carlson’s texts tripped alarms at the top of Fox at that point.

The alarms rang in February, when reams of other internal Fox communications became public. The public’s reaction was so negative that some people at the company believed that a jury could award Dominion more than $US1 billion. Yet the company made no serious bid to settle.

All along, the Fox board had been taking a wait-and-see approach.

But the judge’s pretrial decisions began to change the board’s thinking. Also, in those final days before the trial, Fox was hit with new lawsuits. One, from former Fox producer Abby Grossberg, accused Carlson of promoting a hostile work environment. Another, filed by a shareholder, accused the Murdochs and several directors of failing to stop the practices that made Fox vulnerable to legal claims.

The weekend before the trial was to begin, the board asked Fox to see the internal Fox communications that were not yet public but that could still come out in the courtroom.

The board learned for the first time of the Carlson text that referred to “how white men fight”. Dinh did not know about the message until that weekend, according to two people familiar with the matter.

By the time the board learned of the message, the Murdochs had already determined that a trial loss could be far more damaging than they were initially told to expect. A substantial jury award could weigh on the company’s stock for years as the appeals process played out.

“The distraction to our company, the distraction to our growth plans — our management — would have been extraordinarily costly, which is why we decided to settle,” Lachlan Murdoch said at an investment conference this month.

The text also helped lead to the Murdochs’ decision to abruptly pull Carlson off the air. Their view had hardened that their top-rated star wasn’t worth all the downsides he brought with him.

Still pending is the Smartmatic suit. In April, Fox agreed to hand over additional internal documents relating to several executives, including the Murdochs and Dinh. In a statement reminiscent of Dinh’s early view of the Dominion case, the network said that Fox was protected by the First Amendment.

“We will be ready to defend this case surrounding extremely newsworthy events when it goes to trial, likely in 2025,” the statement said.

News

Lachlan Murdoch explains $1.2b settlement, says Fox News won’t change ‘successful strategy’ - 10th May 2023

Fox News paid $US787 million ($1.16 billion) to settle a recent lawsuit on its reporting after the 2020 election to avoid a divisive trial and lengthy appeals process, its parent company’s chief executive said.

Lachlan Murdoch, executive chairman and CEO of Fox Corp., also noted that a Delaware judge “severely limited” Fox’s defences against Dominion Voting Systems, which said the network defamed it by airing bogus charges of election fraud that it knew was untrue.

Fox Corp announced that it had lost $US50 million the previous three months, which it attributed to the lawsuit settlement. Murdoch, who answered questions from financial analysts, was speaking in public for the first time since the case ended and Fox fired its most popular anchor, Tucker Carlson. Carlson has just announced he is launching a new show on Twitter.

Murdoch said viewers, and investors, should expect no change in direction from Fox News.

“We made the business decision to resolve this dispute and avoid the acrimony of a divisive trial and multi-year appeal process, a decision clearly in the best interests of the company and its shareholders,” he said.

Fox still believes it was properly exercising its First Amendment rights to report on newsworthy fraud allegations made by former President Donald Trump, even though that defence was shot down in a pre-trial court ruling in the Dominion case, Murdoch said.

That’s important, since Murdoch said Fox intends to use the same defence against a similar lawsuit by another elections technology company, Smartmatic. That case is not expected to go to trial until at least 2025, he said.

Despite being asked directly about Carlson’s exit, Murdoch didn’t mention the former prime-time host’s name and referred to his reign obliquely. Fox has not explained why it cut ties with Carlson.

“There’s no change in programming strategy at Fox News,” he said. “It’s obviously a successful strategy. As always, we are adjusting our programming and our lineup and that’s what we continue to do.”

Although hurt by the Carlson exit, Fox News remains the leading cable news network.

Fox has lost viewers following Carlson’s firing. Last week’s substitute host, Lawrence Jones, reached between 1.28 million and 1.7 million last week in a time slot where Carlson usually drew around 3 million, the Nielsen company said.

Yet Fox has gained more than 40 new advertisers in that hour, the network said, confirming a report in Variety. Advertisers like Gillette, Scott’s Miracle Gro and Secret deodorant that had considered Carlson’s show a toxic environment have signed on.

(AP)


News

Jesse Armstrong on the roots of Succession: ‘Would it have landed the same way without the mad bum-rush of Trump’s presidency?’ - 27th May 2023

It has been the TV drama of our time – a brutal, hilarious unpicking of how power works. As the series comes to an end, its creator looks back at its origin and the unholy trinity of men who helped inspire Logan Roy

My first vivid memory of the project that would develop into Succession was trying to get out of it. It was about 2008 and I was on location for the filming of Peep Show, the UK sitcom my longtime writing partner Sam Bain and I wrote together. Between that show and my work on The Thick of It and In the Loop, and a bunch of other things, I was feeling overcommitted. That particular day we were pretending a very normal field in Hertfordshire was a safari park. I sloped off from set and, hiding from imaginary lions, tried to elegantly step away from the project.

I failed. And in the following months as I wrote, slowly, I became certain the script was a dud. It was stodgy and odd. The original idea, a faux-documentary laying out Rupert Murdoch’s business secrets, with them delivered straight to camera, evolved as I worked into a sort of TV play, set at the media owner’s 80th birthday party. Channel 4 were supportive, but it was an odd form, this docudrama/TV-play, and difficult to make happen. Around 2011, after a read-through in London where John Hurt played Rupert, the project essentially died.

My US agent was the first person I recall suggesting a totally different approach. A fictional family, a multi-series US show. For five years or so, I dismissed the idea, certain that a portrayal of a fictional family would never have the power of a real one. Four works changed my mind: HBO’s excellent Robert Durst documentary, The Jinx; Sumner Redstone’s grimly business-focused autobiography, A Passion to Win; James B Stewart’s propulsive DisneyWar; and Tom Bower’s fascinating Robert Maxwell biography Maxwell: The Final Verdict. These turned the idea of doing a media-family drama without a singular real-life model from a terrible betrayal of reality into a tantalising chance to harvest all the best stories. Here was an opportunity to explore all the most fascinating family dynamics within a propitiously balanced fictional hybrid media conglomerate. I took a long, deep dive into rich-family and media-business research.

I talked about this, as-yet-unwritten, idea in half-ironised terms as ‘Festen-meets-Dallas’

When Sam and I decided to bring things to a close on Peep Show, I flew out to pitch this media show around LA. I had a clear idea of where I wanted to develop it, but my agent persuaded me appetites would be whetted if we had a number of potential homes. So I spent three days doing a round of pitch meetings where I talked about this as-yet-unwritten idea in half-ironised terms as “Festen-meets-Dallas”. No stars, Dogme 95 camerawork. Scared of driving on the five-lane highways, I bumped around town in the back of a Honda Civic while a nice young man from my US agent’s mailroom ferried me between rooms stocked with identical tiny bottles of water and executives of vastly varying degrees of interest.

Eventually, I got to HBO, the place I most wanted the show to land, home to The Sopranos and Six Feet Under. I knew they might be receptive. Frank Rich – once known as the “Butcher of Broadway” for his theatre criticism, but now an in-house consigliere – had championed my work there to the boss, Richard Plepler, and I’d previously developed a show with them. So, out the back of a French-style bistro on a three-cappuccino high, I pitched it to their head of drama and comedy, Casey Bloys.

Sometimes a pitch stretches thin and threadbare, the fabric renting as you go, the other party peeping grimly through the holes. Other times, the air thickens, and you can feel the atmosphere in the room turn oxygen-rich as the enthusiasm you are trying to project transforms into an enthusiasm you are actually feeling.

By the time I left LA, HBO had made an offer and Adam McKay, fresh from The Big Short, had said he would be interested in directing. I’d written another Succession forerunner, a script about the US political strategist Lee Atwater, for Adam and his producing partner Kevin Messick. It had been one of the few LA experiences I’d had where the excitement expressed at the start of the project sustained through the writing and attempts to get it made.

This was 2016 and, once back in the UK, I wrote the pilot through the spring and summer in a one-room flat I rented on Brixton Hill, south London, walking across Brockwell Park each morning, listening to podcasts and reading news about the Brexit referendum. Scotland had recently voted by a narrow majority to stay inside the UK and the abiding sense right before the Brexit vote was, yeah, change looms, it glistens, menacingly, promisingly, but it doesn’t happen. Not really. Really, everything stays the same.

But then it did happen. And across the Atlantic, the Trump campaign was igniting – even if initially his candidacy felt like a slightly amusing, slightly too-vivid flash in the pan. Into early autumn, in fact, all serious people were still explaining to one another that Trump couldn’t happen. Although I suppose, looking back, there was a notable lack of detail in terms of the mechanism by which he would be stopped.

I think a lot of the better films and TV shows I’ve been involved with have at their heart a quite simple impulse around which the more subtle layers are spun. In the Loop’s spark was anger at the Iraq war. Chris Morris’s Four Lions I think was driven by his gut feeling that something was very wrong with the way we understood jihadi terrorism in the UK. Peep Show was about oddball male friendship, perhaps even “masculinity”.

I guess the simple things at the heart of Succession ended up being Brexit and Trump. The way the UK press had primed the EU debate for decades. The way the US media’s conservative outriders prepared the way for Trump, hovered at the brink of support and then dived in. The British press of Rothermere, Maxwell, Murdoch and the Barclay brothers, and the US news environment of Fox and Breitbart.

The Sun doesn’t run the UK, nor does Fox entirely set the media agenda in the US, but it was hard not to feel, at the time the show was coming together, the particular impact of one man, of one family, on the lives of so many. Rightwing populism was on the march across the globe. But in the fine margins of the Brexit vote and Trump’s eventual electoral college victory, one couldn’t help but think about the influence of the years of anti-EU stories and comment in the UK press, the years of Fox dancing with its audience, sometimes leading, sometimes following, as the wine got stronger, the music madder. It was politically alarming and creatively appealing: to imagine the mixture of business imperatives and political instinct that exist within a media operation; to consider what happens when something as important as the flow of information in a democracy hits the reductive brutality of the profit calculation inside such a company. How those elements might rebound emotionally and psychologically inside a family as it considered the question of corporate succession.

For Logan Roy, Murdoch, Redstone and Maxwell were my holy trinity of models. But Conrad Black, Brian L Roberts of Comcast, Robert Mercer of Breitbart, Julian Sinclair Smith of Sinclair, Tiny Rowland, Rothermere, Beaverbrook and Hearst all fed in. The three central models were wildly different, of course: the self-made refugee Maxwell and the already-rich Murdoch, a scion of Australian journalistic royalty, both so different from the tough Boston lawyer Redstone who started with a couple of his father’s drive-in cinemas.

But they were connected by a strong interest in a few things: a refusal to think about mortality (Redstone and Murdoch both used to make the same joke about their succession plan: not dying); desire for control; manic deal-making energy; love of gossip and power-connection; a certain ruthlessness about hirings and firings. And most of all, an instinct for forward motion, with a notable lack of introspection.

Perhaps the best part of Redstone’s autobiography for a casual reader is the opening, where he recounts clinging by one hand to a hotel balcony through a fire. Despite suffering third-degree burns over half his body, years of rehabilitation, excruciatingly painful skin grafts, he says this event, after which he made all his biggest business plays, had no impact whatsoever on the trajectory of his life.

Whether due to all this grist, or the aligning of the political planets (in)auspiciously, the pilot came unnervingly easily. Getting names in a script to feel real can be hard for me – they’re a tell-tale sign of whether I’m living inside it. Kendall, Shiv, Roman, Connor. They all felt right straight off the bat. Their inspirations, I suppose, were the children of these magnates: three of the Maxwell kids, the ones closest to the business (the boys, Ian and Kevin) and to their father (Ghislaine). Brent and Shari Redstone, with whom Sumner played a tough and complicated game of bait-and-switch over CBS-Paramount succession. And the Murdoch children, Prudence, Lachlan, James, Elisabeth, Chloe and Grace.

But getting those names for the Roy children made them feel like their own individuals to me. It allowed me to pour in just what I wanted from the real world, fill each with all the faults they might have inherited, while giving me room to add some extra, just for them.

Greg and Tom came fast, too. Tom from two roots. One was thinking about the sort of lunks I’ve occasionally seen powerful women choose as partners. Plausible, manly men with big watches and a soothing affable manner. That mixed with the deadly courtier, a more 18th-century figure, minutely attuned to shifts in power and influence, an invisible deadly gas that occurs in certain confined places and rises to kill anyone unwise enough not to take precautions. A hanger-on sustained by some Fitzgeraldian illusions about the world, a sense that perhaps the rich really are different from us and a romantic ambition to make it in New York City.

Greg, I guess, was a distant relative of the sort of political adviser I had myself briefly been. Gormless, clueless, out of place and gauche. But not without an eye for a deal. And, I hope, a little more wheedling and insinuating than I ever was.

The scenes flowed. I put all research aside and followed my nose and wrote pretty much exactly what I wanted

The charge between these two semi-outsiders struck me from the start as toxic and comic. Tom, the interloper, is like an organism that has found a precarious but rewarding perch above some deep oceanic vent and adapted itself to conditions perfectly. He is not pleased at all to see a similar creature scuttling along hoping to share the same cramped evolutionary niche. That first half-bullying, half-provocative exchange they share in the outfield at a softball game in the pilot landed them right in the middle of a stew they’ve been cooking in ever since.

The scenes flowed. I had eaten a very large amount of research, but once I was writing I put it all aside and followed my nose and wrote pretty much exactly what I wanted. It felt funny but odd and broken-ended, fragmentary, abrupt, oblique and slightly brutal. When I emailed it off, I had the familiar feeling that Adam, Frank and HBO might email back to say not only was it not good, it wasn’t even actually, technically, a script. But their response was frighteningly positive. Almost as though the script was finished, after what was, I thought, a quick first draft. I think every other episode of Succession has gone to at least 30 drafts – usually 50. The pilot barely hit 15.

We had our read-through in New York on US election day 2016. Before we started, I made the sort of joke lots of people made that day, assuming the polls were right and Hillary Clinton was going to squeeze it. That night we gathered in Adam McKay’s apartment to watch the results roll in. Much later, I walked a long walk back from Soho to where I was staying near the United Nations looking at the electoral college numbers projected on to the Empire State Building.

We started filming the next day.

I still wonder whether Succession would have landed in the same way without the mad bum-rush of news and sensation Trump’s chaotic presidency provided. Trump wasn’t the firebombing of German civilians, and nor is Succession Slaughterhouse-Five, but I do sometimes think about Vonnegut saying no one in the world profited from the firebombing of Dresden, except himself.

This is an edited extract from Succession: The Complete Scripts – Seasons One, Two and Three (Faber & Faber), out now at £20 each. To support the Guardian and Observer, order your copies for £17.60 each from guardianbookshop.com.

The final episode of Succession airs in the UK on Sky Atlantic/Now on Monday. Jesse Armstrong donated the fee for this article to the Writers Guild of America strike assistance fund.


News

LIV Golf announces new pay-per-view option - 26th May 2023

"The hope for LIV is to grow off the success first seen on YouTube in 2022, where the league attracted tournament audiences of several hundred-thousand views in the U.S. and abroad."

Going forward, LIV Golf Series events will be available via a pay-per-view option on YouTube.

The new deal was detailed by James Colgan of Golf.com.

“Less than six months after signing a media rights agreement with the CW, LIV announced Friday that it has created a new, pay-per-view broadcast option to run on YouTube,” Colgan reported. “The PPV broadcast will cost $3 per tournament day, LIV said in a release announcing the decision, and will run in addition to the league’s agreement with the CW.”

Colgan also detailed that “A LIV source indicated that the CW is aware of the decision to introduce a pay-per-view model, and that the decision does not violate any of the league’s preexisting broadcast agreements.”

“The hope for LIV is to grow off the success first seen on YouTube in 2022, where the league attracted tournament audiences of several hundred-thousand views in the U.S. and abroad. The league already has its own direct-to-consumer subscription platform, LIV Golf Plus, which the PPV channel will run counter to. LIV broadcasts will continue to be streamed for free on the CW app.”

This announcement comes less than two weeks after a rather embarrassing moment for the tour. One week before LIV’s Brooks Koepka triumphed at the PGA Championship, the Saudi-backed golf series was in Tulsa.

On one hand, it was a perfect showcase event for LIV. Two of its most high-profile players, Dustin Johnson and Cam Smith, went to a three-way playoff (along with Branden Grace). But most of the people watching did not get to see Johnson’s eventual triumph.

The CW, the league’s primary broadcast partner, went away from coverage in the vast majority of its markets, showing “regularly scheduled programming.” Jim Nantz was quick to make a joke at LIV’s expense on the matter at the PGA Championship. The CW also announced a change, saying that all events will be shown to their conclusions going forward.

[Golf.com]

News

WWE Night Of Champions Reportedly Earned Highest Viewership Of Any Saudi Arabia Show - 31st May 2023

According to a report from Fightful Select, Saturday's Night of Champions PLE scored WWE the highest viewership out of any of the company's Saudi Arabia events since the partnership between the two began in 2013. The report states that Night of Champions brought in an 18% increase in viewership compared to last year's Crown Jewel event, and the company is reportedly quite happy with its holiday weekend results.

Night of Champions was headlined by Kevin Owens and Sami Zayn successfully defending the Undisputed WWE Tag Team Championship against Roman Reigns and Solo Sikoa of The Bloodline, with a major angle taking place on the show that saw The Usos turn on Reigns after more than a year of build-up and tension.This marks the second time a tag team match has served as the main event of a major WWE show in recent months. Additional matches on the show included Seth Rollins vs. AJ Styles to decide the first WWE World Heavyweight Champion, a singles match between Becky Lynch and Trish Stratus, and a Backlash rematch pitting Brock Lesnar against Cody Rhodes, among others.

To date, WWE has held nine PPVs and PLEs in Saudi Arabia, along with three house shows. Back in 2019, WWE announced that they had "expanded their partnership" with Saudi Arabia, and that they would be hosting two major events per year in the Middle Eastern nation through at least 2027. Though it hasn't been announced yet, WWE will likely return to Saudi Arabia for another Crown Jewel event later this year.


News

Pat McAfee Comments On Empty Seats At AEW Double Or Nothing - 31st May 2023

All Elite Wrestling's Double or Nothing pay-per-view took place this past weekend at the T-Mobile Arena in Las Vegas, Nevada. During the event, Wrestlenomics' Brandon Thurston tweeted images of empty seats inside the venue. Wrestling Observer's Bryan Alvarez also posted a photo from his ringside position, which showed many unoccupied places behind Orange Cassidy after he retained the AEW International Championship in a Blackjack Battle Royal. Former "WWE SmackDown" commentator Pat McAfee has weighed in with his thoughts.

"Anytime you get a shot away from hard cam, you know what I mean, you can really see a lot of things," McAfee said on "The Pat McAfee Show." "AEW found out this weekend or whatever at one of their events, it's like three quarters of an arena completely empty. They don't want that photo out anywhere."

Ahead of the pay-per-view going live on Sunday night, WrestleTix revealed 10,229 tickets had been distributed for an 11,641 setup inside the T-Mobile Arena, leaving 1,412 tickets available. An Anarchy in the Arena match headlined the show, with Blackpool Combat Club's Bryan Danielson, Jon Moxley, reigning ROH World Champion Claudio Castagnoli, and Wheeler Yuta picking up the win in that bout against The Elite's Kenny Omega, Matt Jackson, Nick Jackson, and "Hangman" Adam Page.

AEW's next major standalone show, All In, which will take place on August 27 at Wembley Stadium in London, England, has currently sold over 65,000 tickets and has a gate of over $8 million. No matches have been announced for AEW's first event across the pond as of this writing. Ticket sales for All In have slowed following an initial surge.


News

WWE-UFC merged company to be called ‘TKO Group Holdings’ - 16th May 2023

A name has emerged for the group.

Coming out of WrestleMania, it was announced by Endeavor that an agreement had been reached with WWE and the company would be merging with UFC to form a new sports and entertainment company.

The deal has not been formally finalized but a name for the merged group has been revealed. CNBC’s Alex Sherman and Mike Calia published a story and an Endeavor spokesperson confirmed to the outlet that the new group is going to be called ‘TKO Group Holdings’.

It will trade under the New York Stock Exchange as ‘TKO’.

The merger between WWE and UFC is being valued at $20 billion. Endeavor CEO Ari Emanuel will be the CEO of TKO Group and Vince McMahon is going to serve as Executive Chairman.


News

Nick Khan Says WWE In Talks With International Cities For 2024 PLEs

It sounds as though WWE will continue expanding its PLEs into international markets next year. Speaking at the JP Morgan Global Technology, Media & Communications Conference, WWE CEO Nick Khan stated that the company was discussing the potential for additional overseas shows in 2024.

"We're in conversations now with a lot of international cities about doing 2024 shows there," Khan said. "Also, part of the intent is to match those up with our media rights, even if they're not up to over-deliver for incumbent partners who can then invite their partners in the international city to the event, and host them. It's good for our overall business." Khan's comments came as part of a conversation about countries offering subsidies to WWE for bringing shows there, as the company brings a great deal of revenue to the city for major events. Khan cited recent events in Puerto Rico as well as the Dallas, Texas area as examples.

Previous rumors pointed toward Australia as a potential location for a future international WWE PLE. However, it's unknown if negotiations with the country have progressed in the months since.

WWE has steadily ramped up its major international shows over the last five years, with the company holding several yearly events in Saudi Arabia, as well as last year's Clash at the Castle and the upcoming Money in the Bank both being held in the United Kingdom. It seems fans around the world should stay on the lookout for upcoming announcements regarding WWE's international schedule in 2024.

News

“We Let People Go”: Months After $21.4 Billion UFC-WWE Deal, Endeavor CEO Recalls “Horrible” Time for Organization - 2nd June 2023

The year 2020 brought unprecedented challenges for individuals and organizations alike, and the UFC was no exception. The promotional frontman Dana White has reflected on those uncertain times and shared the struggles the organization faced in keeping things going. Despite the pandemic, White was determined to keep the show running and provide entertainment for fight fans worldwide. While the rest of the world was shut down, the UFC managed to organize consistent events, albeit on a smaller scale. However, this arduous journey was not without its fair share of hardships.

Ari Emanuel, the CEO of Endeavor, the parent company of the UFC and William Morris Endeavor talent agency, revealed the significant challenges they encountered during the COVID-19 pandemic. Even though Endeavor recently secured a massive $21.4 billion deal to acquire the WWE, during the COVID-19 days, the company found itself at rock bottom struggling to stay afloat.

When Covid-19 posed a threat to the UFC

In an interview on the “Freakonomics Radio” podcast, Emanuel shared how the pandemic affected the company financially. During the interview, podcast host Stephen Dubner asked Emanuel, “Did you think COVID might kill Endeavor?”. Reflecting on this, the 62-year-old CEO replied, “It was bad,” He continued, “I’d never had to fire that many people.”

Emanuel mentioned that the continuation of UFC fights during the pandemic played a crucial role in saving the company, accounting for approximately 70% of their revenue that year. Further talking about the struggles to keep the organization alive during the pandemic, the Endeavor CEO stated, “We had our ESPN deal. We then started making deals for writers. So we stored all the cash. We didn’t let anything out. We let people go, which was horrible, or furloughed them.”

Through the storm, Endeavor’s leadership team, led by Emanuel, proved to be the lighthouse that guided them to safer shores. The UFC’s resilience and the implementation of innovative strategies, such as the ‘Fight Island’ events, not only salvaged the company but also became a beacon of hope for other professional sports leagues.

News

“Very, Very Easy for Jon Jones”: Ex-UFC Star Ruthlessly Shuts Down Tyson Fury Days After Boxer’s Callout of UFC Champ in Ugly Public Feud - 1st June 2023

The claim made by Joe Rogan that Tyson Fury would stand no chance against Jon Jones has sparked an intense and never-ending debate. Recently, another prominent figure from the UFC, the world of mixed martial arts, has jumped into this heated discussion. However, ‘The Gypsy King’ himself strongly opposed the take of the UFC commentator and didn’t hold back in expressing his views. In fact, he went as far as bashing Rogan and proudly proclaimed himself to be ‘the baddest man on the planet’.

As the back and forth continued between Fury and Rogan, UFC president Dana White has stepped in, proposing a potential fight between Fury and Jones. However, the WBC heavyweight champion firmly refused to step into the octagon, dismissing the idea altogether. This decision faced an immediate backlash from fans who had eagerly anticipated the materialization of this debate inside the fighting arena.

Despite the disappointment felt by fans, it becomes evident that the 34-year-old boxer has no intention of venturing into the octagon. On the contrary, a former UFC welterweight challenger believes that Fury would fare well in the realm of mixed martial arts. However, he warns that there may be unforeseen challenges along the way.

Tyson Fury will have a Jon Jones threat in MMA

During a recent interview, the former UFC fighter Dan Hardy shared his reflections on the latest happenings in the combat sports world, ranging from boxing to MMA. However, it was the Tyson Fury-Jon Jones debate that took center stage.

The 41-year-old Hardy began by heaping praise on ‘The Gypsy King’ for his potential in MMA, stating, “Tyson Fury doesn’t come from a boxing background. He comes from a fighting man background. Tyson Fury sees himself as a fighter first that boxes, and I think he looks at mixed martial arts and sees lots of ways he can capitalize on the changing of the rules.”

Continuing his analysis, Hardy mentioned Fury’s collaboration with Tom Aspinall and how he has showcased proficient elbows and knees in the videos shared with him. ‘The Outlaw’ confidently stated, “I feel like Tyson Fury would be really good if he crossed over to mixed martial arts. Of course, there’d be a lot for him to learn. The main issue would be, he’d be very, very easy for Jon Jones to take down. And I think that’s something that Tyson has not experienced and has not and has not really quite comprehended.”

Meanwhile, Jon Jones recently made a strong statement in his heavyweight debut, securing a first-round victory against Ciryl Gane at UFC 285 after returning from a three-year-long hiatus.

This certainly explains Dan Hardy’s warning to Tyson Fury. How do you think ‘The Gypsy King’ would fare in MMA?

News

Dwayne Johnson to Return as Luke Hobbs in New ‘Fast and Furious’ Standalone Film - 7th June 2023

Dwayne Johnson is returning to the “Fast and Furious” universe with a new standalone film, reprising his franchise role as Luke Hobbs.

Universal Pictures announced the project on Thursday. Longtime “Fast and Furious” collaborator Chris Morgan wrote the untitled film’s script. Plot details were not available, though individuals familiar with the deal said the new movie will bridge between the events of the just-released “Fast X” and the upcoming “Fast X: Part II,” which is expected in 2025. Johnson just appeared as Hobbs, a diplomatic security service agent, in a credits scene for “Fast X.”

Johnson will produce the film with Dany Garcia and Hiram Garcia for their Seven Bucks Productions, along with Vin Diesel and Samantha Vincent via their One Race Films. Additional producers include Chris Morgan for his Chris Morgan Productions, Jeff Kirschenbaum for Roth/Kirschenbaum Films and Neal Moritz for Original Film.

Screenwriter Morgan wrote and produced “Fast and Furious Presents: Hobbs & Shaw” and “The Fate of the Furious.” He’s also scripted and executive produced the fifth, sixth and seventh entries in the franchise. Directed by Louis Leterrier, “Fast X” opened at No. 1 around the world in May with $320 million and became the second-biggest global opening of 2023.

Johnson announced Hobbs’ return with a video posted to social media with the caption: “Your reactions around the world to Hobbs’ return in ‘Fast X’ have blown us away. The next ‘Fast & Furious’ film you’ll see the legendary lawman in will be the Hobbs movie that will serve as a fresh, new chapter & set up for ‘Fast X: Part II.'”

“Last summer Vin Diesel and I put all the past behind us,” Johnson added. “We’ll lead with brotherhood and resolve – and always take care of the franchise, characters & fans that we love. I’ve built my career on an ‘audience first’ mentality and that will always serve as my north star.”

Johnson is repped by WME, lawyers Gang, Tyre, Ramer, Brown & Passman, Inc. and The Lede Company.

Seven Bucks has co-produced films like Disney’s “Jungle Cruise” and the DC Studios entires “Black Adam” and “DC League of Super-Pets.” Original series include NBC’s “Young Rock” and “The Titan Games.” Johnson will next produce and star in “Red One” at Amazon Studios and Disney’s live-action “Moana.”

News

13 States Comment On Possibility Of Allowing Gambling On WWE Matches

In March 2023, CNBC reported that WWE was working toward legalizing gambling on wrestling matches, enlisting the services of accounting firm Ernst & Young, with Michigan, Colorado, and Indiana mentioned as the initial targets. As of now, betting on WWE matches is only available at offshore sportsbooks like BetOnline.ag, based out of Antigua, and Bovada, based out of Latvia. Betting on matches in America would open up new streams of revenue for WWE and add some mainstream legitimacy to the sports entertainment powerhouse.

Since that report broke, however, it's been nothing bad news for WWE in the gambling department. Dave Meltzer has reported that WWE's efforts aren't going well — Colorado denied talking to WWE and said that "By statute, wagers on events with fixed or predicted outcomes ... are strictly prohibited in Colorado." Indiana told Casino.org that it had "no interest in approving wagering on scripted events," and Michigan also denied any recent talks with WWE, while New Hampshire Lottery Commission executive director Charlie McIntyre deemed it "very unlikely" betting on WWE gets approved in New Hampshire.

In light of this, Wrestling Inc. reached out to multiple states about the possibility of legalized betting on WWE matches. Each gambling commission was asked 1) how likely WWE would be to succeed if they pitched gambling on matches to them, and 2) if there were any regulations, laws, or statutes that barred betting on something with predetermined outcomes. 13 states -– Arizona, Connecticut, Iowa, Maine, Maryland, Massachusetts, Montana, New Jersey, New Mexico, Ohio, Oregon, South Dakota, and Washington -– responded. While their responses varied slightly, overall, they paint a picture of increasingly fewer opportunities, and increasingly more obstacles, for legal gambling on WWE matches to get approved.

At least three states say they wouldn't allow gambling on WWE as a matter of policy, even if there are no explicit laws against it.

Kerry Hemphill, Manager of Sports Betting Product at the Oregon Lottery, made it clear that gambling on WWE wouldn't be allowed as a matter of policy in the Beaver State: "Although there is no law or statute that forbids it, Oregon Lottery sports betting policy is to not accept wagers on scripted events with predicted outcomes."

Seth Elkin, Assistant Director of Communications for Public Affairs for Maryland Lottery and Gaming, also told us his state had made a determination on the matter. "Maryland's sports wagering law and regulations prohibit forms of wagering that are contrary to public policy or unfair to bettors," he said. "We've determined that it is unfair to bettors, and therefore not in the public's interest, to accept wagers on sports entertainment events that have predetermined outcomes, like professional wrestling."

Meanwhile, a representative from the South Dakota Department of Revenue simply said, "WWE wrestling matches would not be eligible for sports wagering in South Dakota."

Iowa and Ohio say no to betting on predetermined events

Two more states said that predetermined events weren't permitted, but made a point to highlight policy and procedure. Brian J. Ohorilko, Administrator of the Iowa Racing and Gaming Commission, also shot down gambling on wrestling for the time being.

"Predetermined events are not permitted in the State of Iowa," he told Wrestling Inc. "Iowa law defines and permits professional sporting events and sports-related events; however, fixed or predetermined outcomes are not explicitly permitted. As such, and for other integrity concerns, the commission has not permitted predetermined events in any of the approved wagering markets."

Ohorilko also brought up the process that would be required for any kind of legalization: "From a practical standpoint, any request would need to come with a legal opinion as to how this would be permitted under Iowa law," he said. "It would need to go through legal review with consultation from the AG office. If legal review passes, the commission would still need to review policy and integrity concerns with respect to the activity having predetermined outcomes. Approval would be needed before this type of wagering activity could take place."

Ohio tells a similar story. Jessica Franks, Director of Communications for the Ohio Casino Control Commission, pointed us towards Rule 3775-11-01 of the Ohio Administrative Code — the process for adding to Ohio's catalog of wagers and events. She said the Commission's review of such requests includes, but is not limited to, the following criteria:

The quality of the governing body's documented integrity program.

The general availability of information related to the governing body.

The professional or skill level status of athletes.

The history of integrity related to events sanctioned by the governing body.

This already puts the WWE in shaky territory, but it's seemingly locked out for good with the following consideration: "Please note that the Commission will not approve requests for wagers/events involving 'Events which are pre-recorded or in which the outcome has been otherwise previously determined.'"

Arizona and Connecticut have laws against betting on fixed outcomes

At least two states have laws in place that would ban gambling on WWE matches.

Max Hartgraves, Public Information Officer at the Arizona Department of Gaming, provided a straightforward statement: "Arizona statute prohibits gambling on fixed events."

Meanwhile, when asked how likely WWE would be to garner approval for gambling on matches, Kaitlyn Krasselt, Communications Director at Connecticut Department of Consumer Protections, said "I cannot speculate on that." That said, she did inform Wrestling Inc. about state regulations on gambling: "Connecticut law only allows wagering on sporting or athletic events. WWE is sports entertainment. The 'matches' are predetermined by the company and are scripted. There is no regulation body for professional wrestling, and WWE is one of several companies that offers this type of entertainment. With a predetermined outcome, this would not be considered a sport. It is considered entertainment. Wagering on the Oscars, for example, is also not permitted in Connecticut."

That last part is significant, since CNBC's report mentioned that WWE executives were using Oscar betting as an example for regulators.

Maine and Montana agree with most of their colleagues

Two states specifically cited the statements from Colorado, Indiana, Michigan, and New Hampshire in their responses. After hearing that four other states had expressed skepticism over betting on WWE, Maine Gambling Control Unit Executive Director Milton Champion said, "On the surface, without looking into the matter, I would concur with my colleagues. Operators will submit with their application events that they want to take wagers on, and I shall approve them."

Daniel Iverson, Content Manager for the Montana Lottery, said something similar. "Montana does not intend to add WWE markets, for the same reasons our counterparts cited," he advised, before directing any questions on state law to the Montana Department of Justice Gambling Control Division.

New Jersey and Massachusetts punted, for now

Two states we contacted declined to comment on the matter, not wanting to address issues that haven't come before them yet. Thomas Mills, Communications Division Chief of the Massachusetts Gaming Commission, said, "I appreciate your question, but am unable to speculate on a hypothetical action the Commission may or may not take."

Dan Prochilo, Public Information Officer at the New Jersey Attorney General's Office, responded that "The Division of Gaming Enforcement (DGE) cannot comment on any hypothetical discussion with an operator or league about future sports betting opportunities." He added that "In New Jersey, an entity seeking permission for a contest to be authorized for wagering on a sports event is required to submit its proposal to DGE for evaluation and approval pursuant to state law and regulations."

Prochilo also provided the state's legal definition of a "sports event" for the purposes of gambling. Notably, it includes the phrase "A 'sports event' shall include any live competition or talent contest, including awards competitions[.]"

New Jersey and Massachusetts are two of the only states that allow betting on the Oscars, with New Jersey okaying it in 2019 (the first state to do so) and Massachusetts greenlighting it in 2023. It's unknown if WWE will approach either state or how each state would respond, but at bare minimum, WWE's argument to treat wrestling like the Oscars for betting purposes might carry some weight.

Washington and New Mexico illustrate the challenges of Tribal gaming

Washington is unique among the states who responded to us, in that sports wagering is only available on Tribal lands yet still regulated by the state. Sports wagering was legalized, subject to terms of Tribal/State Compacts, on Tribal lands in 2020. All wagering, even online betting, must take place on Tribal lands, and each casino decides bets within certain limitations. The Angel of the Winds Casino and Resort and the ilani Casino Resort, for example, don't 100% overlap on sports offered for betting.

But WWE, or any wrestling, won't be joining those offering under current rules and regulations. Dan Wegenast, Agent In Charge for the Tribal Gaming Unit of the Washington State Gambling Commission, pointed Wrestling Inc. towards the Tribal/State Compacts for sports wagering. He also stated that "Washington State law and the Tribal/State Compacts for sports wagering ... prohibit wagers on events with known outcomes."

To further illustrate the complications of garnering approval for gaming on Tribal lands, a representative from the New Mexican Gaming Control Board told Wrestling Inc. that sports betting is illegal in their state, but legal with some Tribes. That said, New Mexico does not regulate Tribal gaming, meaning that approval would likely have to be worked out with each Tribe individually.

There are other obstacles, too

It's worth noting that gambling laws are constantly changing. Many states without gambling –- such as North Carolina -– have spent years hammering out legislation that would approve gambling off Tribal lands. Additionally, for states with legalized gambling, internal policies are not inherently laws, and can be subject to change under the right circumstances.

That said, even if WWE manages to get gambling on matches approved anywhere, that's only one part of the battle: They still need casinos and/or sportsbooks to be willing to accept wagers at all, and there's resistance in this field, as well, as demonstrated in subsequent coverage from CNBC. FanDuel deems it unlikely that they'd ever accept bets on WWE, noting that the Academy Awards –- which held once per year -– are vastly different than dealing with WWE's weekly programming. Additionally, when BetCEO Adam Greenblatt was asked if he had any interesting in accepting bets on WWE, he responded "NFW."

Between the overwhelming majority opinions of the 13 states who responded to Wrestling Inc., the states that have already responded, and the reluctance of sportsbooks to include anything that looks less than credible, WWE faces an increasingly uphill battle if they want to make betting on wrestling matches legal anywhere in the United States.

 

 

News

News.com.au holds number one news traffic ranking in April for fourth consecutive month - May 22, 2023

 

News.com.au has retained the number one news website traffic ranking for the fourth month in a row, reaching 12.71 million Australians in April.

The latest Ipsos Iris report showed the news website has resolidified its market-leading stance, although there was a three per cent dip month-on-month in unique audience. Average time on site per person, sitting at 29 minutes and 55 seconds, also slipped modestly compared to March.

Oliver Murray, news.com.au editor, pointed out April was a month when many should’ve switched off to enjoy Easter and the school holidays.

“It’s testament to our team that we kept serving up news they needed to read,” he said.

That content offering drew in the largest and most engaged audience in the news category, he pointed out – six in 10 online Australians.

“We saw a 17 per cent month-on-month increase in our sports audience to become the number one sports brand, driven by our NRL and AFL coverage,” Murray said.

“Australians also turned to us for travel news, reaching an audience of 2.541 million and leading the travel news category.”

The gap between news.com.au and rival ABC News, sitting in second spot, is sizeable. The national broadcaster’s web offering attracted the eyeballs of 11.14 million Aussies.

Rounding out the top five was nine.com.au with 10.73 million unique viewers, 7news.com.au on 10.06 million, and Daily Mail Australia on 8.35 million.

The Ipsos Iris report found 20.2 million people used a news website or app in April, with engagement increasing by 1.2% to almost six hours per person, per month.

Major news events ranging from the death of comedian Barry Humphries to the arrest of former US President Donald Trump and the federal budget helped fuel the increase, it said.

The report called out travel-related browsing in the month, given Easter and the school holidays, with 16.9 million Aussies aged 14 and above visiting a travel website or app in April.

Those in the 55-plus age bracket spent the most time browsing – 33% more than those under 55 – while women were more likely to use travel sites and apps than men. People aged 25 to 39 are the largest cohort engaging with travel content online.

(News.com.au)

News

Sydney Morning Herald is the country’s best-read masthead May 22, 2023

 

The Sydney Morning Herald has retained its position as Australia’s top masthead, with more readers across all platforms than any other over the 12 months to March this year.

Total News figures from the industry’s official data provider, Roy Morgan, showed 7.7 million people, or about one in three Australians, read the masthead. It puts the Herald ahead of its traditional NSW rival, the News Corp-owned Daily Telegraph, which has 3.98 million readers.

The Herald’s sister paper, The Age, cemented its place as the most-read Victorian masthead with 5.2 million readers, and the outlets’ Good Weekend magazine was the premier Saturday insert. It had an average print readership of 754,000 people, up 4 per cent for the quarter.

Print was a particular bright spot for this masthead, with the Monday to Friday newspaper recording 17 per cent growth year over year and quarterly growth of 4 per cent, taking its average readership per edition to 417,000. It marks the sixth consecutive quarter of growth for the physical newspaper, while the Sun Herald’s Sunday print edition was steady, up 1 per cent, to a readership of 423,000. In the last four weeks, an average of almost 1.9 million people read the printed paper.

The Herald and Age’s Good Food and Traveller titles had audiences of 1.49 million and 1.56 million, respectively, each month. Sunday Life had an average issue print readership of 419,000, and Domain defied a softening real estate market, seeing annual growth of 7 per cent and quarterly growth of 5 per cent, to record an average issue print readership of 537,000.

“I am proud of our team for achieving such a strong result, particularly given the challenging environment all publishers are finding themselves in right now,” Herald editor Bevan Shields said.

“The Herald continues to set the benchmark for quality journalism in Australia and I want to thank our subscribers and readers for their continued support for what we do.”

Roy Morgan’s data covers all news brands and digital news websites and tracks audiences on Apple News and Google News.

(The Sydney Morning Herald)

 

News

Financial Review most-read business masthead. By Sam Buckingham-Jones - May 22, 2023

 

The Australian Financial Review is the country’s most-read premium business masthead, reaching a print and digital audience of 3.5 million people, figures released by Roy Morgan show.

More than 1.1 million people read the print edition of the Financial Review over the past four weeks, and the masthead reported its third consecutive quarter of growth and a year-on-year increase of 6 per cent. The Australian suffered an annual drop of 17 per cent in print readership for the same period.

The Financial Review’s combined print and digital audience fell slightly from last quarter, from 3.6 million to 3.5 million, but the decline was smaller than rivals.

The AFR Weekend print edition readership grew 59 per cent, on the Roy Morgan figures, and 11 per cent in the last quarter. The weekend and weekday print editions have recorded their highest quarterly result since 2018.

The Australian Financial Review Magazine recorded a print readership of 481,000, after quarter-on-quarter growth of 12 per cent and annual growth of 14 per cent. This is AFR Magazine’s highest quarterly result since 2018.

“After the hit from COVID-19, it’s encouraging to see readers return to the newspaper edition of the nation’s premium business, finance and political publication,” said the masthead’s editor-in-chief, Michael Stutchbury.

“That’s an endorsement of the newsroom’s journalism, including our breaking and ongoing pursuit of the PwC tax scandal.

“At the same time, the Financial Review continues to hold the most digitally focused readership of any newspaper brand as we increase our share of that national market.”

Nine’s total publishing assets – including the Financial Review, nine.com.au, The Sydney Morning Herald, The Age, WA Today, Domain Digital and more, reach a de-duplicated audience of 16.6 million Australians across print and digital.

ThinkNewsBrands, a group representing news publishers, says 16.5 million Australians read news each week and 20.6 million or 96 per cent of Australians read news each month.

The Total News readership figures are produced each quarter by Roy Morgan for ThinkNewsBrands.

(The Australian Financial Review)

 

News

Bikini, swimsuit, lifestyle bloggers and influences gone wild online; Instagram, Instamodels, Facebook fashionistas

How this bikini babe makes $215K a year on Instagram - August 2017

A day in the life of Natasha Oakley: Australia’s most famous bikini blogger - 6th August 2017

Preity Üpala wins Media Man 'Blogger Of The Month' - August 2017

World Supermodel Australia 2017

Pirelli calendar campaigns

 

 

 

Bikini besties Tash Oakley and Devin Brugman make waves on Bondi - 7th March 2016

 

 

 

Published on 29 Mar 2016
Natasha Oakley and Devin Brugman talk fitness and their new activewear line, Monday Active with E! news host Ksenjia on Bondi Beach.

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Definition of Blogging

On a Web site, a blog, a short form for weblog, is a personal journal that is frequently updated and intended for general public consumption. Blogs generally represent the personality of the author or the Web site and its purpose. Topics sometimes include brief philosophical musings, commentary on Internet and other social issues, and links to other sites the author favors. The essential characteristics of the blog are its journal form, typically a new entry each day, and its informal style.

The author of a blog is often referred to as a blogger. People who post new journal entries to their blog may often say they blogged today, they blogged it to their site, or that they still have to blog.