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☆ How sustainable diaper brand Kudos is taking on industry giants — with a Target rollout
▼ + stars: | 2024-08-04 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +5 min

Still, plastic diapers from mega brands like Procter & Gamble -owned Pampers and Kimberly-Clark -owned Huggies continue to dominate the market. Kudos Diapers Courtesy: HatchMark StudioIn the three years since its launch, Kudos has raised more than $6 million in funding. Reduce the globe's reliance on fossil fuels by building out new supply chains and developing sustainable products that are just as effective – if not better – than competitors. Even sourcing natural materials for use instead of plastics would be challenging for larger companies because of their scale, Saigal said. The reality is, when natural materials become cheaper than plastic," she said.

Persons: Amrita Saigal, Clark, it'll, Saigal, it's, They're, Pampers Organizations: Environmental Protection Agency, Procter, Gamble, Massachusetts Institute of Technology, CNBC, Precursor Ventures, Xfund, Oversubscribed Ventures, MIT Locations: Kimberly

☆ Top Wall Street analysts like these 3 stocks for long-term prospects
▼ + stars: | 2024-08-04 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

Instead, they should consider the recommendations of top Wall Street analysts, who perform an in-depth analysis of a company's fundamentals so they can highlight stocks with solid long-term growth potential. Here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. However, the growth in YouTube advertising revenue slowed down in the quarter and missed analysts' expectations. Following the results, BMO Capital analyst Brian Pitz reiterated a buy rating on GOOGL stock with a price target of $222. (See ServiceNow Stock Charts on TipRanks)Travel + LeisureThis week's third stock is Travel + Leisure (TNL), a membership and leisure travel company.

Persons: Brian Pitz, Pitz, TipRanks, ServiceNow, Goldman Sachs, Kash Rangan, ServiceNow's, Ivan Feinseth, Feinseth, TNL Organizations: Wall Street, BMO Capital, BMO, YouTube, Tigress, Sports Illustrated Resorts Locations: TipRanks

☆ How a shuttered power plant in Michigan could pave the way for more nuclear energy
▼ + stars: | 2024-08-03 | by ( Spencer Kimball | ) www.cnbc.com time to read: +7 min

The Palisades Nuclear Generating Station in Covert, Mich. John Madill | The Herald-Palladium | APThe Palisades Power Plant on the shores of Lake Michigan had become a piece of history, a relic of an era when nuclear energy was viewed as the future. The new technology, which could become the first of its kind on the U.S. grid, promises to speed deployment of nuclear plants in the future. The U.S. and a coalition of more than 20 other countries pledged in December to triple nuclear energy by 2050. But building new nuclear plants is slow and expensive. SMRs are viewed as an important path to expand nuclear power because they promise to reduce capital costs, a major hurdle to building new plants.

Persons: John Madill, Kelly Trice, Holtec, Gretchen Whitmer, Whitmer, Trice, Jennifer Granholm, Kristen Norman, Chris Womack, " Trice, We've Organizations: Herald, Palladium, Palisades Power, Holtec, Department of Energy, Nuclear Regulatory Commission, Michigan, Training, Bloomberg, Getty, Rystad Energy, Energy Information Administration, Southern Company, Big Tech, Holtec's SMR Locations: Covert, Mich, Lake Michigan, Covert , Michigan, Grand Rapids, U.S, Michigan, Palisades, Pennsylvania, Florida, Turkey

☆ Tesla, Charles Schwab — and now Chevron. Texas is having a moment as companies leave California.
▼ + stars: | 2024-08-03 | by ( Jaures Yip | ) www.businessinsider.com time to read: +2 min

Read previewThe rush of companies leaving California for Texas is becoming a downright stampede. Chevron, which has called California home since 1879 when it began as the Pacific Coast Oil Company, is the latest. California accused Chevron and other energy giants of downplaying the risks of fossil fuels. Chevron joins a raft of other companies that have pulled up stakes in California and left for Texas, which had 52 Fortune 500 companies in 2024. And it had 55 Fortune 500 companies in the magazine's latest tally.

Persons: —, Greg Abbott tweeting, Chevron, Dallas — Organizations: Service, Chevron, Pacific Coast Oil Company, Business, Gov, Texas, Fortune, Apple, Nvidia, Lone Star State Locations: California, Texas, But Texas, Los Angeles, Silicon Valley, San Ramon, , Texas

☆ He worked at four Big Tech companies. Here's how he went from $200,000 post-MBA at Meta to much more at Google.
▼ + stars: | 2024-08-02 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +5 min

He has since worked at Meta, Visa, and PayPal and is currently a senior product manager at Google. Related storiesHe switched companies because he was looking for a role in product management, his goal even before business school. GoogleDuring the recruitment process at Google, Lin said he applied to other companies for two reasons. Advertisement"This time, when I ended up sharing a competing offer, I actually took my PayPal offer," he said. AdvertisementBusiness Insider has verified his offer letters, employment history, and Google compensation.

Persons: —, Yu Lin, Lin, Meta Lin, Visa Lin, PayPal Lin Organizations: Service, Business, University of Southern, Meta, Visa, PayPal, Google, Yahoo, Nvidia Locations: University of Southern California, Taiwan, Park , California, Sunnyvale , California

☆ Wall Street to Big Tech: Is AI ever going to make money?
▼ + stars: | 2024-08-02 | by ( Clare Duffy | ) edition.cnn.com time to read: +7 min

New York CNN —There’s been one big question on the minds of Wall Streeters this tech earnings season: When will anyone start making actual money from artificial intelligence? But Big Tech still has relatively little to show for all their billions spent in terms of significant revenue gains from AI or profitable new products, and investors are starting to get antsy. Shares of both Google and Microsoft dipped following their earnings reports, a sign of investors’ discontent that their huge AI investments hadn’t led to far-better-than-expected results. She added: “Gen AI is where we’re much earlier … We don’t expect our gen AI products to be a meaningful driver of revenue in ’24. As an example of just how long it can take AI products to come to fruition, take Tesla’s AI-based “full self-driving” technology.

Persons: New York CNN — There’s, ChatGPT, ’, Morgan Stanley, Keith Weiss, Steven Ju, Sundar Pichai, Goldman Sachs, —, ” D.A, Davidson, Gil Luria, Meta, Amy Hood, “, Susan Li, that’s, ” Luria, we’re, Jim Covello, Tesla, FSD, Google’s Pichai, Mark Zuckerberg, — Luria Organizations: New, New York CNN, Big Tech, UBS, Google, Microsoft, CNN, Meta Locations: New York, Silicon Valley

☆ Fast food giants like McDonald's and Chipotle may be forced to hike prices in California again.
▼ + stars: | 2024-08-02 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

The California Fast Food Workers Union is calling for the state's minimum wage to rise to $20.70. Businesses are still adjusting to the latest hike, and this could be a breaking point. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFresh off the heels of a major wage hike in April, California fast food workers are calling for a new one "to keep up with the rising cost of living." The California Fast Food Workers Union presented its demand for a new wage of $20.70 (up from $20) at the first-ever meeting of the newly formed Fast Food Council, KTLA News reported.

Persons: — Organizations: Food Workers Union, Service, Food Council, KTLA News, Business Locations: California

☆ Tech stocks wrap up steepest three-week slump in two years, led by plunge in Amazon and Intel
▼ + stars: | 2024-08-02 | by ( Ari Levy | ) www.cnbc.com time to read: +6 min

Amazon and Apple both reported earnings on Thursday, with Amazon missing on revenue and issuing a disappointing forecast and Apple showing top-line growth of just 5%. The one mega-cap tech company that's yet to release results is Nvidia, which has been the biggest winner in the AI boom. The stock is down 17% over the Nasdaq's three-week slump, though it's still up more than 110% for the year. Intel reported a big earnings miss and announced a mass restructuring that includes eliminating 15% of its staff. CEO Pat Gelsinger told CNBC on Friday that it's the "most substantial restructuring of Intel since the memory microprocessor transition four decades ago."

Persons: Stephanie Keith, Josh Koren, Koren, CNBC's, Brian Olsavsky, Meta, Mark Zuckerberg, Zuckerberg, it's, Pat Gelsinger, INTC, Bernstein Organizations: Nasdaq, Bloomberg, Getty, Labor Department, Musketeer Capital Partners, Apple, Amazon, Microsoft, Mizuho, Meta, Wall, Nvidia, Intel, CNBC, KeyBanc, Markets Locations: New York, freefall, U.S

☆ L'Oreal CEO on the Olympics and innovation in beauty
▼ + stars: | 2024-08-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailL'Oreal CEO on the Olympics and innovation in beautyL'Oreal CEO Nicolas Hieronimus speaks with CNBC Squawk Box's Andrew Ross Sorkin in Paris during the 2024 Paris Olympics about the impact of the games on the cosmetic giants' sales, and the latest innovation in beauty

Persons: Nicolas Hieronimus, Box's Andrew Ross Sorkin Organizations: L'Oreal, CNBC Locations: Paris

☆ Why not all semiconductor firms are benefitting from the AI boom like Nvidia has
▼ + stars: | 2024-08-02 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +4 min

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., displays the new Blackwell GPU chip during the Nvidia GPU Technology Conference on March 18, 2024. Current interest in artificial intelligence revolves around two key terms — large language models (LLMs) and generative AI. Not all chip firms are benefitting from the boom in artificial intelligence, earnings show, underscoring the complexities of the semiconductor supply chain and dominance of some companies over others in different parts of the sector. But Nvidia's rival AMD has brought its own chip to market, called the MI300X AI chip, for AI purposes and is beginning to see the rewards. Chip manufacturing and tool companies appear to be benefitting too from the boom in AI.

Persons: Jensen Huang, Meta, ASML Organizations: Nvidia Corp, Blackwell, Nvidia, Technology, Google, Tech, Microsoft, AMD, Samsung, Qualcomm, CNBC

☆ Watch out for the semiconductor supercycle before you start buying stocks like Nvidia
▼ + stars: | 2024-08-02 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +6 min

Nvidia stock prices have more than doubled since the start of the year, and in June, it briefly became the world's most valuable company. "The boom in spending on AI infrastructure has been a major growth driver for the chip industry," Miller said. Zuckerberg even touted Meta's growing stockpile of Nvidia chips in an interview with The Verge in January, adding that he expects the company to own more than 340,000 Nvidia H100 GPUs by the end of 2024. The boom in data center builds has also spurred significant chip demand. Amazon, Meta, and Google are all designing their own AI chips.

Persons: —, Chris Miller, Miller, Meta's Mark Zuckerberg, Tesla's Elon Musk, Zuckerberg, TSMC, Thomas Rupf, Josie Ananto, Parthenon's Ananto, Jensen Huang, Goldman Sachs Organizations: Service, Nvidia, The Fletcher School, Tufts University, Business, New York Times, Bank Asia, Nvidia Semiconductor, Big Tech, Meta, Google Locations: EY

☆ Apple is ignoring generative AI craze, says Needham's Laura Martin
▼ + stars: | 2024-08-02 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple is ignoring generative AI craze, says Needham's Laura MartinLaura Martin, Needham analyst, joins 'Money Movers' to discuss her take on big tech names Apple and Amazon after the tech giants reported their earnings.

Persons: Needham's Laura Martin Laura Martin, Needham

☆ Giants’ Blake Snell throws first no-hitter of career in win over Reds
▼ + stars: | 2024-08-02 | by ( C. Trent Rosecrans | ) www.nytimes.com time to read: 1 min

CINCINNATI — The San Francisco Giants’ Blake Snell threw his first no-hitter Friday night at Great American Ball Park, striking out 11 Cincinnati Reds in the 3-0 victory. Snell got Reds shortstop Elly De La Cruz to fly out to right-fielder Mike Yastrzemski, a defensive replacement. Snell threw 114 pitches and walked three. It was the 18th no-hitter in Giants history, and the 13th time Cincinnati has been no-hit. Last August, the Reds’ Spencer Steer broke up Alex Cobb’s no-hit bid with two outs in the ninth inning.

Persons: San Francisco Giants ’ Blake Snell, Snell, Elly De La, Mike Yastrzemski, Reds ’ Spencer Steer, Alex Cobb’s, Katie Stratman Organizations: CINCINNATI, San Francisco Giants, Cincinnati Reds, Reds, Giants Locations: Elly De La Cruz, Cincinnati, USA

☆ Rolls-Royce shares soar to all-time high on reinstated dividend, raised profit guidance
▼ + stars: | 2024-08-01 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

Shares of Rolls-Royce jumped more than 11% to hit an all-time high on Thursday after the company reinstated its dividend and raised its profit forecast on the back of strong first-half results. That's up from the £1.7 billion to £2.0 billion forecast in its 2023 full-year results and ahead of market expectations. The firm, which supplies aviation giants Boeing and Airbus, also said it would resume dividends for full-year 2024, starting at a 30% pay-out ratio of underlying profit after tax. "These results and our increased financial resilience give us the confidence to raise our 2024 guidance and reinstate shareholder distributions in respect of the full year 2024 results," Erginbilgic added. Underlying operating profit was £1.15 billion, up from £673 million in the previous year.

Persons: Royce, Tufan Erginbilgic, Erginbilgic Organizations: Royce Trent, Airbus, Lufthansa Technik AG, Royce, London, Boeing Locations: British

☆ Shell beats second-quarter profit expectations, launches $3.5 billion share buyback program
▼ + stars: | 2024-08-01 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +3 min

The Shell logo is displayed outside a petrol station in Radstock in Somerset, England, on Feb. 17, 2024. British oil giant Shell on Thursday posted stronger-than-expected second-quarter profit despite lower refining margins and weaker liquified natural gas trading. The company reported adjusted earnings of $7.7 billion in the first quarter of 2024. Shell said it would launch a $3.5 billion share buyback program over the next three months, a similar scheme as in the previous quarter. British rival BP on Tuesday increased its dividend and extended its share repurchasing program on the back of stronger-than-expected earnings.

Persons: LSEG, Shell's, Shell, Wael Sawan, CNBC's, Sawan, Chandra Asri Organizations: Shell, Chandra, BP, Exxon Mobil, Chevron Locations: Radstock, Somerset, England, Singapore, Rotterdam, Netherlands, Swiss, London

☆ World’s first major AI law enters into force — here's what it means for U.S. tech giants
▼ + stars: | 2024-08-01 | by ( Ryan Browne | ) www.cnbc.com time to read: +8 min

"It is likely to impact many businesses, especially those developing AI systems but also those deploying or merely using them in certain circumstances." For AI applications deemed to be "high-risk," for example, strict obligations will be introduced under the AI Act. watch nowExamples of high-risk AI systems include autonomous vehicles, medical devices, loan decisioning systems, educational scoring, and remote biometric identification systems. Generative AI is labelled in the EU AI Act as an example of "general-purpose" artificial intelligence. General-purpose AI models include, but aren't limited to, OpenAI's GPT, Google's Gemini, and Anthropic's Claude.

Persons: Dado Ruvic, Tanguy Van Overstraeten, Charlie Thompson, Appian, Thompson, Meta, OpenAI's, Google's, Anthropic's Claude, Jamil Jiva, Linedata, GDPR, Jiva Organizations: Reuters, European Commission, EU, CNBC, Microsoft, Google, Apple, Web Services, Big Tech, EMEA, Data, Facebook, Companies, AI Office, Commission Locations: Brussels, EU, Europe

☆ Stock futures slip after Amazon posts results, traders brace for July payrolls report: Live updates
▼ + stars: | 2024-08-01 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange during morning trading on July 31, 2024 in New York City. U.S. stock futures slid on Thursday night as traders considered fresh results from Amazon and Intel. Dow Jones Industrial Average futures lost 143 points, or 0.4%, and Nasdaq 100 futures dropped 0.8%. Even the small-cap Russell 2000 hasn't been spared from the recent tumult, down about 3.3% in the period and on pace for its worst weekly performance since January. On the earnings front, energy giants Chevron and Exxon Mobil will be announcing their quarterly results Friday before the market open.

Persons: July's, Dow, Quincy Krosby, Arnim Holzer, Russell, " Holzer, hasn't, payrolls, Dow Jones Organizations: New York Stock Exchange, Amazon, Intel, Investors, Dow Jones Industrial, Nasdaq, Apple, LPL, EAB Investment, Chevron, Exxon Mobil Locations: New York City . U.S, Thursday's

☆ 'Internal battle' in Modi's BJP on whether India needs Chinese investments, Natixis chief Asia economist says
▼ + stars: | 2024-08-01 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +5 min

Supporters of Bharatiya Janata Party (BJP) hold party flags as they celebrate Narendra Modi's swearing-in ceremony on June 9, 2024. Sopa Images | Lightrocket | Getty ImagesThere is an "internal battle" happening within India's ruling Bharatiya Janata Party over inviting Chinese investments, as the country strives to become Asia's manufacturing powerhouse, Alicia Garcia-Herrero, chief Asia Pacific economist at Natixis said. This proposal was shot down by Trade Minister Piyush Goyal on Tuesday who said that there was "no rethinking at present" on allowing Chinese investments into India, Reuters reported. Experts told CNBC that Chinese investments are needed in India's solar panel and battery manufacturing sectors — two areas that a report, citing Indian government sources last week, mentioned could see easing restrictions on Chinese investments. India increased scrutiny on Chinese investments into the country, and also blocked several Chinese mobile apps including TikTok following the incident.

Persons: Narendra Modi's, Alicia Garcia, Herrero, Natixis, V Anantha, Piyush Goyal, Modi, Garcia, Rajesh Kumar Singh, Harsh, Pant, Tauseef Mustafa, Jaishankar, Punit Paranjpe Organizations: Bharatiya Janata Party, BJP, Asia, Trade, Reuters, CNBC, Department, Promotion of Industry, Internal, Bloomberg, ICT, Communication Technologies, New Delhi's Observer Research Foundation, Afp, Getty, India's Foreign, Adani Locations: Asia Pacific, China, India, Europe, loggerheads, Eastern Ladakh, Tokyo, U.S, Mundra

☆ We are 'bullish long-term' on both Apple and Amazon, says Albion Financial's Jason Ware
▼ + stars: | 2024-08-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe are 'bullish long-term' on both Apple and Amazon, says Albion Financial's Jason WareJason Ware, Albion Financial Group CIO, joins 'Money Movers' to discuss what investors should expect as tech giants Amazon and Apple are on deck to report their earnings after the bell.

Persons: Albion, Jason Ware Jason Ware Organizations: Apple, Albion Financial

☆ Cruises are more expensive than ever. But a deal isn't impossible — if you have restraint
▼ + stars: | 2024-07-31 | by ( Brittany Chang | ) www.businessinsider.com time to read: +6 min

Cruise lines were just beginning to reactivate their fleets after a tumultuous pause in operations amid the COVID-19 pandemic (remember that?). For the most part, if you want to pay that little but don't want to hunt for a deal, you're better off sticking with Carnival Cruise Line. Your budget vacation might not be so budget-friendly once onboardMass-market cruise lines have increasingly added pricey pay-to-play amenities to their new ships. The 22-year-old vessel is scheduled for many of the cruise line's cheapest-per-day itineraries this year. Carnival Cruise LineAnd while its mini-golf course, shows, and waterslide are free, you'll have to pay extra for the arcade games or to participate in the "Build-A-Bear Workshop at Sea" or "Deal or No Deal" programs.

Persons: —, Brittany Chang, let's, Tynan Smith, Tyanan Smith, Cruise, Carnival's, Josh Weinstein Organizations: Service, Carnival Corp, Royal Caribbean Group, Business, Cruise, Royal, Holland America, WiFi Locations: Holland America, Royal Caribbean, Firenze

☆ Meta set to report second-quarter earnings after the bell
▼ + stars: | 2024-07-31 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +4 min

Meta founder and CEO Mark Zuckerberg speaks during the Meta Connect event at Meta headquarters in Menlo Park, California, on Sept. 27, 2023. Meta is slated to report second-quarter earnings on Wednesday after the close of regular trading. Meta's ad revenue is projected to show an increase of 19% to $37.6 billion, according to StreetAccount. Heading into Meta's report on Wednesday, the digital ad market has shown some signs of weakness. Alphabet reported lower-than-expected ad revenue out of YouTube last week, and on Tuesday, Pinterest issued disappointing third-quarter guidance, leading to a 15% plunge in the stock after hours.

Persons: Mark Zuckerberg, LSEG, Meta, Zuckerberg, Emily Chang, Sundar Pichai, Pichai, Pinterest, Julia Brau Donnelly Organizations: Meta, Google, YouTube, Labs, Revenue, Quest VR, Microsoft Locations: Menlo Park , California

☆ Nvidia is the early winner in Big Tech's latest earnings season
▼ + stars: | 2024-07-31 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +1 min

Big Tech companies are reporting earnings this week, and there's already one early winner: Nvidia. Microsoft said it was spending big on buying tech to power its AI — tech made by Nvidia. AdvertisementA slew of Big Tech companies are reporting earnings this week, and already at least one clear winner has emerged: Nvidia. Nvidia makes a good chunk of the technology used to power AI. Tech giants are expected to be grilled on their AI spending in this week's earnings calls, and some already have been.

Persons: — Organizations: Big Tech, Nvidia, Microsoft, Service, Tech

☆ This AI-powered financial advisor has quickly gained $20 billion in assets
▼ + stars: | 2024-07-31 | by ( Hugh Son | ) www.cnbc.com time to read: +5 min

Westend61 | Getty ImagesAn automated financial advisor called PortfolioPilot has quickly gained $20 billion in assets in a possible preview of how disruptive artificial intelligence could be for the wealth management industry. The world's largest wealth management firms have rushed to implement generative AI after the arrival of OpenAI's ChatGPT, rolling out services that augment human financial advisors with meeting assistants and chatbots. "People are fed up with cookie-cutter portfolios," Harmsen told CNBC. Global Predictions targets people with between $100,000 and $5 million in assets — in other words, people with enough money to begin worrying about diversification and portfolio management, Harmsen said. After realizing it could have a broader use, Harmsen began building a team for Global Predictions, including three former employees of Bridgewater Associates, the world's largest hedge fund.

Persons: PortfolioPilot, Alexander Harmsen, OpenAI's, Morgan Stanley, Harmsen, we'll Organizations: Global, Morado Ventures, NEA Angel Fund, CNBC, Bank of America, Bridgewater Associates Locations: San Francisco

☆ Microsoft and other tech giants' AI capex is not sustainable: Analyst
▼ + stars: | 2024-07-31 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicrosoft and other tech giants' AI capex is not sustainable: AnalystGil Luria of D.A. Davidson says that customer demand for AI services is continuing to drive Microsoft and other hyperscalers' unsustainable levels of spending.

Persons: Gil Luria of D.A, Davidson Organizations: Microsoft

☆ Nollywood aims to become a global cultural phenomenon like Afrobeats
▼ + stars: | 2024-07-30 | by ( Stephanie Busari | ) edition.cnn.com time to read: +6 min

New Orleans, Louisiana CNN —Nollywood, Nigeria’s vibrant film industry, is setting its sights on achieving global recognition akin to the meteoric rise of Afrobeats. As the third-largest film industry in the world by number of films produced annually, Nollywood has long been a significant cultural force within Africa. Global aspirationsToday, Nollywood is not just about entertainment; it’s about cultural representation and storytelling on a grand scale. Nollywood at the Essence Film FestivalAt the Essence Film Festival, a recent addition to the wider festival celebrating Black culture and achievements, Nollywood stars and stakeholders discussed their vision for international expansion. 3 on Netflix’s global film charts in 2023, garnering over 20 million views worldwide.

Persons: Louisiana CNN —, Nollywood, ”, Toyosi Etim, “ Afrobeats, Simisola, Uche, Omotola, “, , “ I’ve, ” Gbadamosi, Disney’s, it’s, Effiong, Moses Babatope, FilmOne, Babatope Organizations: Louisiana CNN, Netflix, Good Media, CNN, Essence, Academy, Hollywood, Nile Media Entertainment Group, Disney, Warner Bros Locations: Orleans, Louisiana, Africa, New Orleans, New Orleans , Louisiana, scriptwriting

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