Intellectual property is the lifeblood of entertainment, and Hollywood badly needs a transfusion.
Stuck recycling the same ideas and producing the same franchises, Hollywood is now looking to podcasts, news articles, and even songs and paintings to dredge up stories that could be hits with global audiences. Finding the right stories and developing them into things that actually exist on screen can be an arduous, money-draining process.
One company thinks it has found an efficient new way to sift through millions of user-generated stories to find the next Hollywood hits: artificial intelligence. And, on occasion, it actually brings fans of those stories into the arcane process of developing them for the screen.
February 25, 2021
Shares of Koss Corp., a maker of headphones, shot up 16.8% to $21.53 today, after an even bigger spike yesterday, making it the latest company to capture the enthusiastic interest of retail investors.
Koss, GameStop, and AMC Entertainment were among the group dubbed “meme stocks” due to the discussions on a section of the online forum Reddit known as r/WallStreetBets. Due to its business history and negative outlook among investors, Koss was considered a candidate for a short squeeze, a trading phenomenon that happens when a stock or other asset quickly rises in value, punishing the traders and hedge funds who short stocks, betting the opposite would occur. Redditors have pounced on several companies with short interest in an attempt to force a short squeeze.
The US post office announced the first part of a plan to transform itself into America's "preferred delivery service," suggesting of course that, currently, it isn't.