Hollywood unions and the Alliance of Motion Picture and Television Producers inked new safety protocols to enable the return of film and TV productions after six months of inactivity due to COVID-19. The Directors Guild of America, the International Alliance of Theatrical Stage Employees, the International Brotherhood of Teamsters, the Basic Crafts unions and the Screen Actors Guild-American Federation of Television and Radio Artists inked the deal after months of negotiation. On June 12th, the unions adopted the “Safe Way Forward” protocols. Read more

Quibi, the OTT streaming service focused on short-form mobile video founded by Jeffrey Katzenberg and launched in April 2020, is struggling to gain subscribers in a crowded marketplace. According to sources, the company is considering its options, including raising more money, going public via a merger with a special-purpose acquisition company (SPAC) that helps fund deals, or a sale. Sources added that the company has enough cash for several months and is not expected to shut down in the near future. Read more

In response to COVID-19, Facebook chief executive Mark Zuckerberg and chief operating officer Sheryl Sandberg debuted the Facebook Business Suite aimed at small businesses, which are bearing much of the brunt of the pandemic. Yelp data revealed that business closures from mid-July to end of August rose 23 percent; since March, 60 percent of the business closures have been permanent. According to Facebook, the Business Suite is initially available to small businesses but will expand to larger businesses next year. Read more

Microsoft just purchased ZeniMax Media, a large independent game publisher whose studios have produced some of the video game industry’s most notable titles: id Software, which developed “Doom” and “Quake”; Arkane Studios, responsible for “Dishonored” and “Prey”; Tango Gameworks, developer of “The Evil Within”; and Bethesda Game Studios, home of “The Elder Scrolls” and “Fallout.” With regulatory approval expected by the second half of next year, Microsoft paid $7.5 billion in an all-cash deal for the publisher. Read more

Moore’s Law — Intel co-founder Gordon Moore’s prediction that the number of transistors on a chip doubles about every two years — has been the foundation of the semiconductor industry. But, as the industry nears the limits of circuitry and physics of electronics, it’s being replaced by another one: that silicon chips powering AI more than double in power every two years, due to hardware and software. As Moore’s Law was the foundation for improvements in computers, this new law will power the Internet of Things. With its $40 billion acquisition of Arm Holdings, Nvidia could be positioned for a new type of evolution.  Read more