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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
Moses Lin says he'll never consider going back to college, despite being one semester shy of graduating with a bachelor's degree. "I knew that if I went to college and took a traditional route, I'd be hundreds of thousands in debt," he says. Lin started a YouTube channel during college, where he posted acoustic covers of pop songs, and began teaching guitar lessons for money. Now, after years of building his own business as a traveling wedding guitarist and investing his earnings into real estate, Lin, 31, is on track to make $500,000 this year. Lin taught himself everything when it comes to building his business as a wedding guitarist.
Persons: Moses Lin, he'll, Lin, I've Organizations: U.S . Marine Corps, Vanguard University of Southern, CNBC Locations: Vanguard University of Southern California, Ireland, Singapore, Dubai, U.S
Three famed "Big Short" investors say gold remains a top long-term bet. Danny Moses, Porter Collins, and Vincent Daniel went on CNBC to explain why they're bullish. They cite rising debt levels, which they say could result in a "huge debasement" of the dollar. AdvertisementInvestors should be scooping up more gold for the long haul, according to three investors of "Big Short" fame. Collins and Daniel — the co-founders of Seawolf Capital — said they remained long on gold, gold miners, and precious metals like silver in their annual letter to shareholders.
Persons: Danny Moses, Porter Collins, Vincent Daniel, , Vincent Daniel —, Collins, Daniel, Daniel —, Moses, Gold, we've Organizations: CNBC, Service, Treasury, stoke, Seawolf, Moses Ventures Locations: US
"The Big Short" traders Danny Moses, Vincent Daniel and Porter Collins are focused on one of their top long bets: gold. "I just don't think Americans have enough gold in their portfolio," Collins said on CNBC's " Fast Money " in an exclusive interview this week . We are still very long gold , gold miners , Silver , Platinum Group Metals (PGMs) and Bitcoin ," they wrote. In a special email to "Fast Money" on Monday, Moses wrote he has a "large long" in the Sprott Physical Gold Trust . As of Friday's close, the Sprott Physical Gold trust is up more than 16% so far this year.
Persons: Danny Moses, Vincent Daniel, Porter Collins, Collins, Daniel, Moses Organizations: Seawolf, Group Metals, Moses Ventures, Trust Locations: U.S
Lin pours earnings from his day job into real estate. Managing rental properties: 'It's so minimal that I don't even consider it work'The majority of Lin's $1 million net worth is tied up in real estate. He chose to buy in Little Rock, where real estate prices are lower and rent is stable, he says. Lin bought a portfolio of three houses in March 2023, then another building in February 2024. Real estate takes up a lot of Lin's time when he's actively searching for a new place to buy, or when he's dealing with tenant turnover.
Persons: Moses Lin, Lin, Lin customizes, Sophie Epton, influencers, he'll, I'm, — I'm, I've, It's, he's, who's, we're Organizations: CNBC Locations: Southern California, Little Rock , Arkansas, California, Italy, Lake Como, Milan, Ireland, Dubai, Singapore, Chicago , New York, Little Rock
'Big Short' traders say gold is one of their top longs
  + stars: | 2024-07-26 | 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 Email'Big Short' traders say gold is one of their top longsPorter Collins & Vincent Daniel, Seawolf Capital co-founders and Danny Moses join 'Fast Money' to talk the economy, markets, and more.
Persons: Porter Collins, Vincent Daniel, Danny Moses Organizations: Seawolf
Montaque cofounded Group Black in 2021 with the goal of directing $500 million in advertising money to Black-owned media in its first 18 months. With the pledge, Group Black laid out a plan to steer money to Black media owners and acquire media companies. Bough, Group Black's chief strategy officer, was a former Mondelēz and PepsiCo marketer who presented the CNBC reality show "Cleveland Hustles." Various outlets reported that Group Black mounted bids for media companies including the Sports Illustrated publisher Arena Group, the Paramount-owned BET, Vice Media, and Vox Media. Seven former employees described Montaque as an energetic leader but said he was ultimately ineffective in executing Group Black's mission.
Persons: Travis Montaque, Weeks, Montaque, Bonin, Black, George Floyd, Breonna Taylor, Richelieu Dennis, Dennis, Ursula M, Burns, Randy Brooke, Ursula Burns, Seth Kaufman, Moët Hennessy, Gamble, Ziff Davis, offsites, Gamble —, Spokespeople, Derrick Johnson, Lionel Hahn, Todd Brown, It's, Christopher Kenna, I'm, Samantha Skey, Black's Travis Montaque, Arturo Holmes, Vivek Shah, Bough, Sheila Marmon, Media's Refinery29, Erika Goldring, Richelieu Dennis who's, Kirk McDonald, GroupM Organizations: Black, Cannes Lions, Business, Black's, SHE, Cola, Walmart, PepsiCo, CNBC, Xerox, Getty, Moët Hennessy North America, Procter, Gamble, NAACP, Urban Edge Network, Corporate America, Association of National Advertisers's Alliance, Inclusive, Multicultural, Diversity Media, Penske Media Corp, Zeta, Fox, Everyday Health, Sports, Arena Group, Paramount, BET, Vice Media, Vox Media, Galore Media, Mirror, Marmon, Media Locations: GroupM, America, Soho, Manhattan, Santa Monica, Cannes
Two Los Angeles-area beaches were shut down for 48 hours after thousands of gallons of sewage spilled into a creek — but that did not seem to bother the crowd of dog walkers, runners, yogis and surfers enjoying the beach early on Tuesday before the day’s heat set in. An estimated 15,000 gallons of sewage — about the volume a backyard swimming pool holds — were discharged on Saturday afternoon in a neighborhood roughly seven miles east of the Santa Monica Pier, entering Ballona Creek, the Los Angeles County Department of Public Health said in a news release. “The cause of the sewage discharge was a broken water main that pushed sand into the sewer, causing the blockage,” the agency said.
Organizations: Santa, Santa Monica Pier, Los Angeles County Department of Public Health Locations: Angeles, Santa Monica, Ballona
Investors who called the subprime mortgage crisis, as chronicled in Michael Lewis's " The Big Short ," revealed how they are now navigating the volatility surrounding the U.S. presidential election and their top investment picks. Top picks The partners of Seawolf Capital said there is one industry that they have been particularly bullish on — shipping. One of the shipping container companies Seawolf Capital owns is Zim Integrated Shipping Services , which has rallied more than 80% this year. The Seawolf Capital partners said they also like gold, which has scored record highs of late. ZIM YTD mountain Zim Integrated Shipping shares in 2024.
Persons: Michael Lewis's, Porter Collins, Vincent Daniel, Danny Moses, Moses, Collins, Donald Trump, Daniel Organizations: Seawolf, Moses Ventures, Seawolf Capital, Zim Integrated Shipping Services, Zim Integrated Shipping
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with 'Big Short' traders Porter Collins, Vincent Daniel, and Danny MosesPorter Collins & Vincent Daniel, Seawolf Capital co-founders and Danny Moses join 'Fast Money' to talk the economy, markets, and more.
Persons: Porter Collins, Vincent Daniel, Danny Moses Porter Collins, Danny Moses Organizations: Seawolf
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Exclusive: ‘Big Short’ traders tackle markets and economyPorter Collins & Vincent Daniel, Seawolf Capital co-founders and Danny Moses join 'Fast Money' to talk the economy, markets, and more.
Persons: Porter Collins, Vincent Daniel, Danny Moses Organizations: CNBC, Seawolf
Among the dozens of sponsors of this summer’s Olympic and Paralympic Games in Paris, one will be by far the most visible and influential: LVMH, the French luxury goods conglomerate. The company has invested 150 million euros ($163 million) in the 2024 Olympic Games, a gamble for a brand that has long marketed its goods to the upper echelons of society. Louis Vuitton created the trunk that carries the Olympic torch and the medal trays for the victory ceremonies. Mr. Arnault is the chairman of Loro Piana and the oldest son of Bernard Arnault, the chairman and chief executive of LVMH. “We decided that if we were going to do it, it was going to be new.
Persons: Louis Vuitton, Chaumet, Carine Roitfeld, ” Antoine Arnault, Arnault, Loro Piana, Bernard Arnault, , Mr, Organizations: Paralympic Games, Eiffel, Games, The New York Times Locations: Paris, Marseille, LVMH
What Is CrowdStrike?
  + stars: | 2024-07-19 | by ( Claire Moses | More About Claire Moses | ) www.nytimes.com   time to read: +1 min
Until Friday morning, many people had either not heard of — or were not thinking about — CrowdStrike. But as flights were canceled, broadcasters went off air, trains did not run and medical procedures were delayed around the world, its name quickly spread around the internet. CrowdStrike, which was founded in 2011, is a cloud-based cybersecurity platform whose software is used by scores of industries around the world to protect against hackers and outside breaches. “Once CrowdStrike is installed, it actively scans for threats on your machine without having to manually run virus scans,” according to an explanation on the University of Denver’s website, which offers the platform to students and staff. Cybersecurity software like CrowdStrike’s has broad privileges to run across a computer system, including into sensitive areas.
Persons: Organizations: University of Denver’s
Netflix just shook up its ads leadership again as ad sales VP Peter Naylor exits. Netflix is launching in-house ad tech and partnering with adtech firms like The Trade Desk. AdvertisementNetflix dominates streaming, but its ads business is still a work in progress. Ad sales VP Peter Naylor is moving on, less than a year after he got a new boss in Amy Reinhard. Reinhard said in a statement that she would be hiring a head of US and Canada Ad Sales to replace Naylor's more global role.
Persons: Peter Naylor, Amy Reinhard, , Reinhard, Jeremi Gorman, Gorman, Naylor Organizations: Netflix, Service, Canada, Business
In Argentina, a Catholic President and His Rabbi
  + stars: | 2024-07-18 | by ( Jack Nicas | Daniel Politi | ) www.nytimes.com   time to read: +1 min
President Javier Milei of Argentina is a Catholic who leads Pope Francis’s native country. He also regularly studies the Torah, attends Shabbat dinner and has said that perhaps his most important adviser is his rabbi. Over the past several years, Mr. Milei has taken an intense and, among most world leaders, unusual interest in Judaism. Mr. Milei has pledged to move Argentina’s embassy in Israel to Jerusalem. And he has appointed his personal rabbi, Shimon Axel Wahnish, as Argentina’s ambassador to Israel.
Persons: Javier Milei, Pope Francis’s, Milei, Moses, Shimon Axel Wahnish Locations: Argentina, Argentine, Israel, Palestinian, Jerusalem
YouTube just took a big victory lap
  + stars: | 2024-07-17 | by ( Amanda Perelli | ) www.businessinsider.com   time to read: +5 min
Their answers have rarely surprised me, and I've heard the phrase, "YouTube is king," too many times to count. YouTube didn't always exude confidenceMusical.ly's 2018 TikTok rebrand launched the platform into stardom, shifting creator and audience attention away from YouTube. AdvertisementThe rise of TikTok forced YouTube to fight for eyeballs by introducing its own short-video feature, YouTube Shorts, in 2021 and developing a new team of partner managers and programs to recruit and retain talent. YouTube Shorts hosted a parking-lot-sized drive-thru activation at VidCon 2022, when TikTok was the title sponsor. With all this, it's no surprise YouTube seems to be taking a victory lap around its competitors.
Persons: , I've, influencers, TikTok, Addison Rae, YouTube isn't, TikTok —, VidCon's, JP Mangalindan, Morgan Stanley, Influencers, they'd, It's, Lucia Moses, it's Organizations: Service, YouTube, Business, Nielsen, Netflix, Spotify, Apple, Disney
Read previewThe battle between streamers for TV ads is ushering in a new push for brand partnerships, from joint marketing campaigns to product placements. It's also bringing in ad chief Peter Naylor's team into conversations brands are having with VP Magno Herran, who's long overseen marketing partnerships. AdvertisementBrand reps looking to discuss partnerships have noticed Netflix and Amazon ad salespeople popping up unexpectedly in meetings. To fuel their efforts, they're hiring legacy TV ad sellers, throwing extravagant TV upfronts presentations, and adding live events and sports to sweeten their offerings for advertisers. AdvertisementApple TV+ doesn't have an advertising tier (yet), but it's pushing more into brand partnerships, recently hiring an Endeavor exec to work on brand deals across its titles.
Persons: , who've, It's, Peter Naylor's, Magno Herran, Lauren Anderson's, Alan Moss, Jennifer Verdick, Elisabeth Daniels, Maisel, They're, Jen Cowan, Libby Bush, Bush Organizations: Service, Netflix, Business, MGM Studios, WWE, Cannes, Brands, Amazon, Marriott, PQ Media, Talent, CAA, Ally, Apple, Endeavor Locations: Banks
Kids increasingly prefer to zone out for hours watching free short-form videos instead of full-length TV episodes and movies. In April, Nielsen estimated, kids 2 to 11 watched three times as much YouTube as Disney+ content. Kids watching Disney clips on YouTube may have no need for Disney+. 5 spot for kids' entertainment on YouTube in 2023, according to Tubular, a social video analytics company. Kids preferring short-form videos on YouTube over full-length episodes and movies is a problem that Disney doesn't seem to be able to solve.
Persons: Bob Iger, Bob Chapek's, Iger, Taylor Swift, Nelson Peltz, Disney, Alexia Raven, it's, Gen Alpha, , Liz Huszarik, Nick Macknight, King, Aladdin, Justin Timberlake, Zendaya, Ariel, Bernstein, Discovery's Max, Florida's Gov, Ron DeSantis, Macknight, Lucia Moses Organizations: Disney, Epic Games, Investors, Disney Channel, Nielsen, YouTube, Warner Bros, Discovery, Media, Comcast, Paramount, Google, Netflix, Moonbug Entertainment, Disney's, Hulu, Marvel, Lucasfilm, Florida's, Pixar, Dallas, Business Locations: WarnerMedia, Dallas
It started with an old double-decker bus. About 20 years ago, a group of friends who had met while following the Dutch soccer team around the world decided over beers that it would be fun to buy an old bus. They would paint it orange, the Dutch national color. They would outfit it with a bar and some very strong loudspeakers, and then they would take it on the road to watch their team. But the bus is no longer just a bus.
Persons: Organizations: Dutch soccer Locations: Dutch, Germany
The authorities in England were hunting on Wednesday for a man who was suspected of killing three women the previous night with a crossbow and possibly other weapons in a small, leafy town north of London, according to Hertfordshire Police. The police said they arrived at the scene just before 7 p.m. local time on Tuesday and found three women with serious injuries. The BBC reported that the victims were the wife and two daughters of one of its horse-racing commentators. “As we’ve just reported, the three women killed in a crossbow attack in Bushey, near Watford, are Carol Hunt, the wife of the BBC commentator John Hunt, and two of their daughters,” the broadcaster wrote. The police were searching for Kyle Clifford, 26, they said, warning people that “he may be in possession of a crossbow, do not approach.” It was not immediately clear on Wednesday what the relation was between Mr. Clifford and the three women.
Persons: we’ve, Carol Hunt, John Hunt, Kyle Clifford, Clifford Organizations: Hertfordshire Police, BBC Locations: England, London, Bushey, Watford
Mark Rutte rode off into the sunset on his bicycle last week, making a carefully choreographed exit from Dutch politics, which he has dominated as prime minister for nearly 14 years. Mr. Rutte, known as a flexible pragmatist, will bring his experience at conciliation to the 32-nation military alliance when he takes over as secretary general from Jens Stoltenberg on Oct. 1. Beyond that challenge, NATO faces a Russian government forging stronger ties with China and Iran, even as Beijing tries to dominate Asia and Tehran expands its nuclear program. Leading member states like France and Germany are dealing with the empowerment of far-right parties with clear sympathies for Moscow. And there are new demands to spend more money on the military.
Persons: Mark Rutte, Rutte, Jens Stoltenberg Organizations: NATO, Soviet Union, Ukraine, Russia’s Locations: Europe, Washington, China, Iran, Beijing, Asia, Tehran, France, Germany, Moscow, Hungary, Turkey
Read previewAn uptick in disciplinary actions during Emma Tucker's reign at The Wall Street Journal has unnerved the newsroom, and now a former Journal reporter has filed a lawsuit challenging them. The lawsuit, filed by Stephanie Armour, alleges that she was fraudulently targeted for dismissal starting in April 2024 despite excelling in her job. Some said they saw the moves as a way to get rid of high-earning employees who are protected from being fired without cause by Journal publisher Dow Jones' union, IAPE. It was formed after Rupert Murdoch's acquisition of Dow Jones in 2007 to allay concerns of Dow Jones' longtime former owners, the Bancroft family. Dow Jones and editorial leadership haven't immediately responded to requests for comment from Business Insider.
Persons: , Emma Tucker's, Stephanie Armour, they've, Dow Jones, Jodi Green, Rupert Murdoch's, Bancroft, Tucker's, Damian Paletta, Janet Adamy, Armour, Paletta, Amour, I'd, I've, Robert Housman, Housman, haven't, Tucker, Lucia Moses Organizations: Service, Wall, Business, Dow, Journal, Dow Jones & Co, Washington, District of Columbia, Hill Partners Locations: lmoses@businessinsider.com
A Manhattan street erupted in anger on Monday when a man in a wheelchair was taken into custody in the killing of a young woman, whose body had been found wrapped in a blue sleeping bag days before. Some got close enough to punch him in the face, grab his jeans and rip the back of his blue-and-yellow striped shirt. Officers and emergency service workers held out their arms to keep the crowd at bay. Some of the loudest screams were from Ms. Williams’s mother, Nicole Williams. Neighbors said he and Yazmeen Williams were a couple, but the family said they were not familiar with him.
Persons: Yazmeen Williams, Williams’s, Nicole Williams, , , Neighbors Locations: Manhattan
All in all, Group Black said it planned to deploy $500 million in Black-owned media by the end of 2022. Some brands have provided updates on their commitments since, but gains by Black-owned media companies have been uneven overall. Group Black's idea was to help steer ad dollars to its member companies and use some of the ad dollars to buy stakes in media companies. It listed among its founding member companies Essence, which is part of Dennis' company, Sundial Media; podcast company Pod Digital Media; and lifestyle media company She Media. Various outlets also reported that Group Black sought to acquire stakes in media companies including Sports Illustrated publisher Arena Group and Vox Media.
Persons: , Travis Montaque, Montaque, Montaque hasn't, Kerel Cooper, Dan Bisgeier, Delida Costin, Mike Owen, Ryan Robertson, Marchelle Wright, Ashley Banks, Cooper, Holler, Richelieu Dennis, Bonin, Black, George Floyd, Breonna Taylor, Ursula Burns, Fortune, Seth Kaufman, Moët Hennessy, Dennis Organizations: Service, Business, Black, Xerox, Moët Hennessy North America ., Media, Pod Digital Media, Sports, Arena, Vox Media Locations: Black
Both companies made a splash at this year's upfront presentations, where streamers make their pitches for the nearly $70 billion in annual TV ad spending and advertisers seek to lock down the bulk of their annual TV ad commitments. But among newer streamers, it's Amazon that's winning advertisers' wallets, several ad buyers told Business Insider. AdvertisementAmazon's big increase in ad inventory and lower ad prices, of about half the ad rate ($30 per 1,000 impressions) that Netflix sought when it launched its ad tier in 2022, put pressure on other TV ad sellers to lower their prices. A second ad-holding-company exec said they expected Amazon to be the third or fourth biggest TV ad seller in the upfronts, behind traditional TV stalwarts NBCUniversal and Disney and potentially YouTube. Data has shown that people watch three times as much Netflix as they do Prime Video, although Prime Video viewing is growing.
Persons: , execs, NBCUniversal, They're, catchup, Netflix's, Max, Ed Papazian Organizations: Service, Netflix, Amazon, Business, Disney, Warner Bros, gunning, Sports, NBA, NFL, NASCAR, National Women's Soccer League, National Basketball Association, WWE, Fox, Wall Street, Prime, NBC, Media Dynamics
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