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Warner Bros to release new 'Lord of the Rings' anime blockbuster

Twenty years since the first JRR Tolkien-inspired film trilogy, Middle Earth fans can look forward to more fantasy adventure on the big screen ....

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South Korean designer creates Third Eye – a 'satirical solution for smartphone zombies'

The device opens its translucent eyelid whenever it senses the user s head has been lowered to look at a smartphone. When the user comes within one to two metres of an obstacle, the device beeps to warn of the impending danger.
This is the look of future mankind with three eyes, Paeng, a postgraduate in innovation design engineering at the Royal College of Art and Imperial College London, told Reuters as he demonstrated use of The Third Eye around Seoul.
As we cannot take our eyes off from smartphones, the extra eye will be needed in future.
Paeng s invention uses a gyro sensor to measure the oblique angle of the user s neck and an ultrasonic sensor to calculate the distance between the robotic eye and any obstacles. Both sensors are linked to an open-source single-board microcontroller, with battery pack. ....

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AT&T to combine its media assets with Discovery to create new company

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AT&T, owner of HBO and Warner Bros studios, and Discovery, home to lifestyle TV networks such as HGTV and TLC, said on Monday they will combine their content assets to create a standalone global entertainment and media business.
Discovery chief executive David Zaslav will lead the proposed new company, which will comprise one of Hollywood s most powerful studios, including the Harry Potter and Batman franchises, news network CNN, sports programming and Discovery s unscripted home, cooking and nature and science shows.
Shares in Discovery climbed about 16 per cent to $41.3 in premarket trade but fell 2 per cent afterward as investors digested that it would take time for Discovery to scale up in streaming, said Rich Greenfield, partner at LightShed Partners. ....

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Sovereign funds' direct investments double to $65.9bn in 2020

Institutional investors, including sovereign wealth funds, entered the pandemic with high levels of cash, said the report.
Consequently, they were ready to support local economies or buy opportunistically in distressed international markets in March 2020.
Sovereign funds made $48.6bn in direct equity investments, more than twice the amount deployed in 2019, while $9.1bn was invested in real estate and $8.2bn in infrastructure, the report said.
Many sovereign funds were required to support domestic businesses in the pandemic s wake in 2020. Examples include Turkey s fund injecting 21bn lira ($2.5bn) into three state banks and Singapore s Temasek Holdings supporting a $1.5bn rights issue by Sembcorp Marine. ....

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LG's exit from smartphone business to benefit Samsung, analysts say

Apple tends to cater to the higher end of the (US) market; so it might grab a small portion of LG s sales, Gartner analyst Tuong Nguyen said. It s more likely that Samsung inherits a lot of it because both vendors compete across similar markets.
Globally, LG s market share shrank to 2 per cent in 2020, a massive drop from its status as the world s third-largest smartphone maker behind Samsung Electronics and Apple during its peak in 2013.
The company shipped 23 million phones last year, compared with Samsung s 256 million, according to Counterpoint.
Counterpoint analyst Tarun Pathak said LG was mostly competing in the mid-tier, as its flagship phones received tepid market response. ....

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