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☆ How Time magazine made more than $100 million with docuseries for Netflix, Amazon, and more by mining its 100-year-old archive
▼ + stars: | 2022-11-08 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

Time Studios has become Time's biggest driver, generating more than $100 million, or 25% of its revenue. It's sold dozens of projects to the likes of Netflix, Amazon, and HBO, including "jeen-yuhs: A Kanye Trilogy." Time Studios has been developing some projects you might not expect from a 100-year-old legendary magazine brand. And of course there's "jeen-yuhs: A Kanye Trilogy," the doc series about now-disgraced Ye that sold to Netflix for a reported $30 million in 2021 after a robust bidding war. The Benioffs' support has allowed Time Studios to deficit-finance, or self-fund, about half its doc projects, enabling it to move at startup speed.

☆ Maersk sees container demand slowing as recession looms
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +2 min

[1/2] Shipping containers are transported on a Maersk Line vessel through the Suez Canal in Ismailia, Egypt July 7, 2021. REUTERS/Amr Abdallah Dalsh/File PhotoSummarySummary Companies Q3 underlying EBITDA $10.86 bln vs forecast $9.78 blnSees container demand falling 2-4% this yearOSLO, Nov 2 (Reuters) - Shipping group Maersk (MAERSKb.CO) warned on Wednesday of slowing demand for transport and logistics as a global recession looms and cut its forecast for container demand this year, even as it beat third-quarter earnings expectations. Maersk now sees global container demand falling by 2% to 4% this year, citing an unfolding economic slowdown expected to continue into 2023. Reuters GraphicsSkou told Reuters in September he expected ocean freight volumes to be flat or lower this year, though congestion persists in ports and global supply chains. The company repeated it expects underlying EBITDA of around $37 billion this year.

☆ Time Studios made $100 million selling documentaries to Netflix and more. Now it's planning to mine the magazine's 100-year-old archives for fictional storytelling.
▼ + stars: | 2022-10-25 | by ( Lucia Moses | ) www.businessinsider.com time to read: +6 min

Time Studios has become Time's biggest driver, generating more than $100 million, or 25% of its revenue. In its most ambitious move yet, Time Studios is also making a push into fictional storytelling. Ian Orefice, president and COO, Time and Time Studios TimeIan Orefice, president and COO of Time and Time Studios, sees scripted as a "massive opportunity. The Benioffs' support has allowed Time Studios to deficit-finance, or self-fund, about half its doc projects, enabling it to move at startup speed. Time Studios also has a huge promotional advantage in Time's existing audience of some 100 million readers and followers on social media.

☆ Wave of LNG tankers is overwhelming Europe in energy crisis and hitting natural gas prices
▼ + stars: | 2022-10-24 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +2 min

Two LNG vessels that came from the U.S. are underway to Spain's Huelva port. The underlying infrastructure issue is a lack of European regasification capacity due to a shortage of regasification plants and pipelines connecting countries that have regasification facilities. As a result, the amount of LNG on the water — floating storage — increases and in turn drives down the price of natural gas . Energy experts tell CNBC they are keeping an eye on an EU LNG price cap. Russia, which supplies a large portion of natural gas to Europe, cut gas supplies as a response to sanctions after the country's war with Ukraine.

View of a COP27 sign on the road leading to the conference area in Egypt's Red Sea resort of Sharm el-Sheikh town as the city prepares to host the COP27 summit next month, in Sharm el-Sheikh, Egypt October 20, 2022. The Nov. 6-18 summit in Sharm el-Sheikh is the first annual U.N. climate conference to be held after the easing of COVID-19 restrictions. CONCRETE BARRIERAnother concern among activists is the difficulty ordinary citizens may face accessing Sharm el-Sheikh. A petition led by 12 Egypt-focussed rights groups has called on Egypt to address restrictions on civil society, saying "effective climate action is not possible without open civic space". "Certainly we're very alive to the fact that Sharm el-Sheikh is an enclosed space, very controlled, very curated," she said.

☆ Senator blocks $75 million in U.S. military aid to Egypt over rights concerns
▼ + stars: | 2022-10-17 | by ( Humeyra Pamuk | ) www.reuters.com time to read: +3 min

WASHINGTON (Reuters) - Egypt has missed out on an additional $75 million in American military aid after a senior Democratic U.S. senator blocked the funding over concerns about Cairo’s human rights record including holding political prisoners. We all have a responsibility to uphold the law and to defend the due process rights of the accused, whether here or in Egypt,” Leahy said. The United States allocates around $1.3 billion in military aid to Egypt annually. Talks between his office and the State Department failed to resolve the issue, and the $75 million in funding expired on Sept. 30. The State Department did not immediately respond to a request for comment.

☆ Explainer: When EU embargo comes, where will Russia sell its crude oil?
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +4 min

Register now for FREE unlimited access to Reuters.com Register"Russian Urals oil has always been a grade for Europe. It’s much easier for it to negotiate private deals than publicly commit to some price limitation dictated by the West," another trader involved in Russian oil trading told Reuters. Russia also supplies Europe with around 3.2 million tonnes of oil per month via the Druzhba pipeline. "Small players are definitely not enough for Russian oil to be absorbed. China is the last resort for the Russian oil or Moscow has to cut output eventually," a third trader involved in the Russian oil market said.

☆ Egypt's Suez Canal fee hike won't have a 'massive' impact on trade flows, analyst says
▼ + stars: | 2022-09-19 | by ( Lee Ying Shan | ) www.cnbc.com time to read: 1 min

Egypt announced on Saturday that it will raise transit fees in 2023 for all types of vessels passing through the Suez Canal. According to a statement released by the Suez Canal Authority, transit fees for tankers passing through the canal will rise by 15%. The increase for dry bulk carriers and tourist ships is 10%. "The increase is inevitable and a necessity in light of the current global inflation rates," the authority's chief, Osama Rabiee, said in the statement. He added that the decision factored in the impact of increased energy prices.

☆ Nava comercială eşuată în Canalul Suez a fost deblocată după aproape o săptămână
▼ + stars: | 2021-03-29 | by ( Onixmedia Srl | ) diez.md time to read: +1 min

Nava comercială eşuată în Canalul Suez a fost deblocată luni, după aproximativ o săptămână, a anunţat Inchcape Shipping Services, astfel că circulaţia este aşteptat să fie reluată curând. Nava de 400 de metri cu peste 16 000 de containere la bord a fost deblocată la ora locală 04.30 şi a fost asigurată la acel moment, Inchcape, prestator de servicii din domeniul maritim, a anunţat pe Twitter. Nava Ever Given a rămas blocată pe diagonala sectorului sudic al canalului marţea trecută, oprind traficul pe ambele sensuri între Europa şi Asia. BREAKING : EVER GIVEN ship has been UNSTUCK & Moving into #Suez Canal after 6 Days!! Leth Agencies din Egipt a scris pe Twitter că ea a fost parţial repusă pe punctul de a pluti, aşteptând confirmarea oficială a Autorităţii Canalului Suez.

Persons: Joyce, Osama, Preţul Organizations: Suez Canal Locations: Canalul Suez, circulaţia, Inchcape, Europa, Asia, Suez, Egipt

☆ The US had a plan in the 1960s to blast an alternative Suez Canal through Israel using 520 nuclear bombs
▼ + stars: | 2021-03-25 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +4 min

A declassified memorandum reveals a 1963 US plan to create an alternative to the Suez Canal. A cargo ship is currently stuck in the Suez Canal, blocking the vital shipping routeTop editors give you the stories you want — delivered right to your inbox each weekday. The historian Alex Wellerstein called the plan a "modest proposal for the Suez Canal situation" on Twitter on March 24, 2021. It suggested that an "interesting application of nuclear excavation would be a sea-level canal 160 miles long across Israel." The laboratory noted that there were 130 miles of "virtually unpopulated desert wasteland, and are thus amenable to nuclear excavation methods."

Persons: —, Alex Wellerstein, Lawrence Organizations: Service, Twitter, US Department of Energy, Lawrence Livermore National Laboratory, US Atomic Energy Commission, Forbes, Atomic Energy Commission Locations: Suez, Israel, Aqaba, Central America

☆ Criza din Canalul Suez continuă, nava de 400 de metri eșuată nu a putut fi încă mutată: Imagini surprinse din satelit
▼ + stars: | 2021-03-25 | by ( ) www.jurnal.md time to read: +3 min

Sursa foto: twitter.com/capellaspaceCriza din Canalul Suez continuă, nava de 400 de metri eșuată nu a putut fi încă mutată: Imagini surprinse din satelitCriza din Canalul Suez continuă. Autorităţile nu au reuşit încă să mute nava de 400 de metri care a blocat coridorul. A massive 400 meter-long container ship, Ever Given, is stuck in the #Suez Canal, blocking traffic in one of world’s busiest maritime trade routes. The ship can be seen in this Planet Dove satellite image captured yesterday, March 23rd. Capella’s #SAR constellation captures the Ever Given container ship blocking the Suez Canal with very high resolution 50 cm imagery as of 9:36am local Egyptian time.

Persons: Brent Organizations: Suez Canal, 23rd Locations: Canalul Suez, Suez, Orientul Mijlociu, Mexicului, Rusia, Africii

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