Red giant serial1/26/2024 Subscription prices skyrocketed.Īs the Hollywood machine lurches back into production mode, the long-term outlook for television as an art form remains uncertain. (A recent New York Times profile likened the strategy of WBD’s CEO, David Zaslav, to that of the Broadway impresarios who made Springtime for Hitler in The Producers.) The dreaded password-sharing crackdown finally happened. Shows with fervent fan bases didn’t just get canceled after a season or two some disappeared from streaming libraries entirely. Discovery, which had invested heavily in building proprietary streaming services, reversed course by licensing titles to other streamers. Industry giants like Disney and Warner Bros. Even before writers and actors struck for months in a largely successful effort to raise wages, secure residuals from streaming platforms, and place safeguards on such existential threats to their livelihoods as A.I., the streaming wars entered a chaotic new era characterized by cash-strapped studios’ scramble to turn a profit-or at least cut their losses. The Red Sea connects the Mediterranean to the Indian Ocean and Europe to Asia.To say that 2023 has been a tumultuous year for the entertainment industry would be an understatement. The waterway is the main route for about 12 percent of world trade, according to the International Chamber of Shipping. On Wednesday, a coalition of 12 countries, led by the US, issued a statement calling on the Houthis for an “immediate end of these illegal attacks and release of unlawfully detained vessels and crews”, and warned of “consequences”. However, due to continued attacks, many shipping companies are still diverting vessels around Africa. Last month, the United States launched a multinational operation to safeguard commerce in the Red Sea. Since November, at least 25 commercial vessels operating in the southern Red Sea and the Gulf of Aden have been attacked. “While we continue to hope for a sustainable resolution in the near future and do all we can to contribute towards it, we do encourage customers to prepare for complications in the area to persist and for there to be significant disruption to the global network,” Maersk said. The company also rerouted four out of five southbound container vessels already passing through the Suez Canal back north for the long journey around Africa on Thursday. On Tuesday, Maersk said it would pause all vessels that would cross through the Red Sea following an attack on one of its ships, the Singapore-flagged Maersk Hangzhou, by Houthis, and has since begun redirecting ships. Armed men stand on the beach near a commercial ship seized by Yemen’s Houthis off the coast of al-Salif, Yemen The Houthis have said they are targeting vessels linked to Israel in the Red Sea shipping lane in solidarity with Palestinians who are facing relentless bombardment in the ongoing war on Gaza. “The situation is constantly evolving and remains highly volatile, and all available intelligence at hand confirms that the security risk continues to be at a significantly elevated level,” Maersk added. The trip around Africa can add about 10 days to journey times and requires more fuel and crew time, increasing shipping costs. “We have therefore decided that all Maersk vessels due to transit the Red Sea/Gulf of Aden will be diverted south around the Cape of Good Hope for the foreseeable future,” the Danish company said. Keep reading list of 3 items list 1 of 3 Iran deploys warship to Red Sea amid soaring tensions list 2 of 3 US-led coalition warns Houthis of ‘consequences’ after Red Sea attacks list 3 of 3 Al Jazeera challenges White House on escalation of Red Sea tensions end of list
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