Apple kicked off 2023 by unveiling that CEO Tim Cook had requested a pay cut following a drop in shareholder support for his compensation package. Then, on Dec. 8, Netflix disclosed changes to the streaming giant’s executive pay structure. The overhaul was seen as a reaction to a June vote — during the Writers Guild of America strike — when its shareholders symbolically rejected compensation packages for top execs.
Are other publicly-traded Hollywood giants up next to update their compensation policies in 2024?
Apple and Netflix could simply be seen as special cases, but critics on Wall Street and beyond have in the past urged companies to focus on shareholder friendliness. In November, AMC Theatres shareholders voted against the compensation packages proposed for its executive officers, including CEO Adam Aron, who was paid $23.7 million in 2022.
The parade of Hollywood CEO pay disclosures in regulatory filings in 2023 will be remembered for bad timing (those disclosures...
Are other publicly-traded Hollywood giants up next to update their compensation policies in 2024?
Apple and Netflix could simply be seen as special cases, but critics on Wall Street and beyond have in the past urged companies to focus on shareholder friendliness. In November, AMC Theatres shareholders voted against the compensation packages proposed for its executive officers, including CEO Adam Aron, who was paid $23.7 million in 2022.
The parade of Hollywood CEO pay disclosures in regulatory filings in 2023 will be remembered for bad timing (those disclosures...
- 12/26/2023
- by Georg Szalai
- The Hollywood Reporter - Movie News
San Francisco, Feb 2 (Ians) Amid the ongoing Facebook-Apple war over privacy changes in iOS 14, the social networking giant is showing a prompt to iPhone and iPad users, urging them to allow tracking of their devices to deliver personalised ads.
According to CNBC, As part of this test, Facebook is explaining why it wants to track this activity and asking users to opt in.
These prompts will appear on Apple users' screens immediately before the Apple pop-up appears, the report said on Monday.
Facebook CEO Mark Zuckerberg has argued that the iOS 14 privacy changes will impact the growth of millions of businesses around the world.
The upcoming privacy changes in Apple iOS 14 update will inform users about tracking by third-party advertisers and ask them if they want to allow it.
Facebook at Apple are at the loggerheads for quite some over the upcoming privacy changes.
Taking aim at Facebook last week,...
According to CNBC, As part of this test, Facebook is explaining why it wants to track this activity and asking users to opt in.
These prompts will appear on Apple users' screens immediately before the Apple pop-up appears, the report said on Monday.
Facebook CEO Mark Zuckerberg has argued that the iOS 14 privacy changes will impact the growth of millions of businesses around the world.
The upcoming privacy changes in Apple iOS 14 update will inform users about tracking by third-party advertisers and ask them if they want to allow it.
Facebook at Apple are at the loggerheads for quite some over the upcoming privacy changes.
Taking aim at Facebook last week,...
- 2/2/2021
- by IANS
- GlamSham
San Francisco, Feb 1 (Ians) Apple CEO Tim Cook has been ordered to sit for a seven-hour deposition by a federal judge for the forthcoming case against the Fortnite developer Epic Games.
The ongoing dispute between Epic Games and Apple will go to trial in May 2021, but both sides are preparing by requesting testimonies and depositions, Apple Insider reported on Monday.
In the latest of a series of hearings regarding the preparations, a judge has denied Apple's request that Tim Cook be excused from deposition.
According to legal news site Law360, US Magistrate Judge Thomas S. Hixson has disagreed with Apple's legal argument, claiming that it "limits the length of a deposition, rather than barring it altogether."
He also concluded that Apple's compromise offer of four hours deposition was inadequate, because the case has "less than meets the eye."
"[In] these three antitrust actions," says the court's conclusion, according to Law360, "the...
The ongoing dispute between Epic Games and Apple will go to trial in May 2021, but both sides are preparing by requesting testimonies and depositions, Apple Insider reported on Monday.
In the latest of a series of hearings regarding the preparations, a judge has denied Apple's request that Tim Cook be excused from deposition.
According to legal news site Law360, US Magistrate Judge Thomas S. Hixson has disagreed with Apple's legal argument, claiming that it "limits the length of a deposition, rather than barring it altogether."
He also concluded that Apple's compromise offer of four hours deposition was inadequate, because the case has "less than meets the eye."
"[In] these three antitrust actions," says the court's conclusion, according to Law360, "the...
- 2/1/2021
- by IANS
- GlamSham
San Francisco, Jan 29 (Ians) Taking aim at Facebook, Apple CEO Tim Cook has called for greater scrutiny of businesses built on "data exploitation".
"If a business is built on misleading users, on data exploitation, on choices that are no choices at all, then it does not deserve our praise. It deserves reform," Cook said in his keynote speech at Europe's Computers, Privacy and Data Protection (Cpdp) conference on Thursday.
"The fact is that an interconnected ecosystem of companies and data brokers, of purveyors of fake news and peddlers of division, of trackers and hucksters just looking to make a quick buck, is more present in our lives than it has ever been," he said.
The Apple CEO said that such an ecosystem degrades fundamental right to privacy first and the social fabric by consequence.
His remarks came amid fierce arguments with Facebook over upcoming privacy changes in iOS that that...
"If a business is built on misleading users, on data exploitation, on choices that are no choices at all, then it does not deserve our praise. It deserves reform," Cook said in his keynote speech at Europe's Computers, Privacy and Data Protection (Cpdp) conference on Thursday.
"The fact is that an interconnected ecosystem of companies and data brokers, of purveyors of fake news and peddlers of division, of trackers and hucksters just looking to make a quick buck, is more present in our lives than it has ever been," he said.
The Apple CEO said that such an ecosystem degrades fundamental right to privacy first and the social fabric by consequence.
His remarks came amid fierce arguments with Facebook over upcoming privacy changes in iOS that that...
- 1/29/2021
- by IANS
- GlamSham
Cupertino (California), Jan 28 (Ians) Riding on the stellar performance of iPhones, wearables and services in the festive December quarter, Apple has posted an all-time record revenue of $111.4 billion in its history, up 21 per cent year over year, and quarterly earnings up 35 per cent.
The iPhone business performed extraordinarily well, registering over $65 billion in revenue.
The previous all-time record for iPhone revenue in a quarter was $61.58 billion, which Apple recorded in the first quarter of fiscal 2018.
International sales accounted for 64 per cent of the December quarter's revenue for Apple, the company said in a statement on Thursday.
"This quarter for Apple wouldn't have been possible without the tireless and innovative work of every Apple team member worldwide," said Apple CEO Tim Cook.
During an earnings call with investors, Cook said that Apple crossed 1.65 billion active devices worldwide during the quarter and iPhones account for over 1 billion of those devices.
"We're gratified...
The iPhone business performed extraordinarily well, registering over $65 billion in revenue.
The previous all-time record for iPhone revenue in a quarter was $61.58 billion, which Apple recorded in the first quarter of fiscal 2018.
International sales accounted for 64 per cent of the December quarter's revenue for Apple, the company said in a statement on Thursday.
"This quarter for Apple wouldn't have been possible without the tireless and innovative work of every Apple team member worldwide," said Apple CEO Tim Cook.
During an earnings call with investors, Cook said that Apple crossed 1.65 billion active devices worldwide during the quarter and iPhones account for over 1 billion of those devices.
"We're gratified...
- 1/28/2021
- by IANS
- GlamSham
New Delhi, Jan 28 (Ians) Bullish on India, Apple CEO Tim Cook has said that the online store has received a tremendous response in the country, Apple has doubled its India smartphone share to 4 per cent in the December quarter and the company is ready to launch retail stores in the country in the future.
Apple, which has already started manufacturing certain iPhone models in India, has worked out locations for its retail stores in the country as well.
Apple is likely to open its first physical store in Mumbai this year, according to earlier reports.
"We put the online store there for example, and last quarter was the full first quarter of the online store and that has gotten a great reaction to it and has helped us achieve the results that we got to last quarter," Cook told the analysts on the earnings call late on Wednesday.
"We are...
Apple, which has already started manufacturing certain iPhone models in India, has worked out locations for its retail stores in the country as well.
Apple is likely to open its first physical store in Mumbai this year, according to earlier reports.
"We put the online store there for example, and last quarter was the full first quarter of the online store and that has gotten a great reaction to it and has helped us achieve the results that we got to last quarter," Cook told the analysts on the earnings call late on Wednesday.
"We are...
- 1/28/2021
- by IANS
- GlamSham
New Delhi, Jan 28 (Ians) The active installed base of iPhones has reached a new all-time high, surpassing 1 billion devices globally, the company announced on Thursday.
iPhone revenue was a record $65.6 billion in the December quarter, growing 17 per cent year-over-year as demand for the iPhone 12 family was very strong, despite Covid-19 and social distancing measures.
According to Apple CEO Tim Cook, the company has hit a new high watermark for its installed base of active devices with growth accelerating.
"We passed 1.65 billion devices worldwide during the December quarter. iPhone grew by 17 per cent year-over-year, driven by strong demand for the iPhone 12 family and our active installed base of iPhones is now over 1 billion," Cook informed during the earnings call with analysts.
"The customer response to the new iPhone 12 model's unprecedented innovation from world-class cameras to the great and growing potential of 5G has been enthusiastic even in light of the ongoing Covid-19 impact at retail locations,...
iPhone revenue was a record $65.6 billion in the December quarter, growing 17 per cent year-over-year as demand for the iPhone 12 family was very strong, despite Covid-19 and social distancing measures.
According to Apple CEO Tim Cook, the company has hit a new high watermark for its installed base of active devices with growth accelerating.
"We passed 1.65 billion devices worldwide during the December quarter. iPhone grew by 17 per cent year-over-year, driven by strong demand for the iPhone 12 family and our active installed base of iPhones is now over 1 billion," Cook informed during the earnings call with analysts.
"The customer response to the new iPhone 12 model's unprecedented innovation from world-class cameras to the great and growing potential of 5G has been enthusiastic even in light of the ongoing Covid-19 impact at retail locations,...
- 1/28/2021
- by IANS
- GlamSham
Facebook chief Mark Zuckerberg said the social media giant is taking steps to reduce the amount of political content on its platforms and in its news feeds to channel users to more “healthy communities.”
“What we are hearing is that people don’t want politics and fighting to take over their experience on our service,” he said, clearly worn down by recent events. The commitment was vague. “We are still working through the best way to do this,” he acknowledged Wednesday on long a conference call to discuss quarterly earnings. “We will still let people engage in political groups and discussion if they want to,” he said.
The shift follows a tumultuous election process distorted by misinformation, defined by rising extremism and culminating in a deadly siege of the U.S. Capitol. Zuckerberg did not mention former President Donald Trump’s...
“What we are hearing is that people don’t want politics and fighting to take over their experience on our service,” he said, clearly worn down by recent events. The commitment was vague. “We are still working through the best way to do this,” he acknowledged Wednesday on long a conference call to discuss quarterly earnings. “We will still let people engage in political groups and discussion if they want to,” he said.
The shift follows a tumultuous election process distorted by misinformation, defined by rising extremism and culminating in a deadly siege of the U.S. Capitol. Zuckerberg did not mention former President Donald Trump’s...
- 1/28/2021
- by Jill Goldsmith
- Deadline Film + TV
Apple blew past Wall Street projections for its first fiscal quarter of 2021 thanks to a record haul for its latest iPhone during the holiday shopping period.
Wall Street had forecast Q1 earnings of $1.41 per share for Apple on $103.3 billion in revenue, according to a consensus estimate compiled by Yahoo Finance. This afternoon, Apple reported earnings per share (Eps) of $1.68 on $111.4 billion in revenue, also a record. It was the first time Apple posted a quarterly revenue above $100 billion
Apple released the iPhone 12 a bit later in the year when compared with its previous device launches, nabbing more than $65 billion in the quarter. That topped the previous high of $61.58 billion in iPhone sales for the first quarter of fiscal 2018. Continuing Apple’s record quarter, services revenue for the period rose 24% to $15.8 billion, which was also its best-ever performance in that segment.
“This quarter for Apple wouldn’t have been possible without...
Wall Street had forecast Q1 earnings of $1.41 per share for Apple on $103.3 billion in revenue, according to a consensus estimate compiled by Yahoo Finance. This afternoon, Apple reported earnings per share (Eps) of $1.68 on $111.4 billion in revenue, also a record. It was the first time Apple posted a quarterly revenue above $100 billion
Apple released the iPhone 12 a bit later in the year when compared with its previous device launches, nabbing more than $65 billion in the quarter. That topped the previous high of $61.58 billion in iPhone sales for the first quarter of fiscal 2018. Continuing Apple’s record quarter, services revenue for the period rose 24% to $15.8 billion, which was also its best-ever performance in that segment.
“This quarter for Apple wouldn’t have been possible without...
- 1/27/2021
- by Tim Baysinger
- The Wrap
Apple roared past Wall Street estimates for the holiday fourth quarter, riding sales of new iPhones to total revenue of $111.4 billion, up 21% from the same period in 2019.
Earnings per share in the quarter, which ended December 26, came in at $1.68, up 35% from the year-ago frame. International sales accounted for 64% of the total.
Wall Street analysts had expected revenue of $103.3 billion and earnings of $1.41. It was the first quarter when Apple has recorded $100 billion in revenue.
Sales from the core iPhone line, which was refreshed with a new set of devices last fall, totaled $65.6 billion, far better than the $59.8 billion expected by analysts.
Already a trillion-dollar company, Apple has continued its share price momentum in 2021, rising more than 8% to all-time highs. It closed today down a fraction at $142.06 and remained near break-even after hours.
The coronavirus pandemic has boosted Apple, as with other tech companies whose wares have become increasingly essential for work,...
Earnings per share in the quarter, which ended December 26, came in at $1.68, up 35% from the year-ago frame. International sales accounted for 64% of the total.
Wall Street analysts had expected revenue of $103.3 billion and earnings of $1.41. It was the first quarter when Apple has recorded $100 billion in revenue.
Sales from the core iPhone line, which was refreshed with a new set of devices last fall, totaled $65.6 billion, far better than the $59.8 billion expected by analysts.
Already a trillion-dollar company, Apple has continued its share price momentum in 2021, rising more than 8% to all-time highs. It closed today down a fraction at $142.06 and remained near break-even after hours.
The coronavirus pandemic has boosted Apple, as with other tech companies whose wares have become increasingly essential for work,...
- 1/27/2021
- by Dade Hayes
- Deadline Film + TV
New Delhi, Jan 25 (Ians) Riding on the stellar performance of iPhone 11 and Xr, Apple for the first time doubled its smartphone market share in India to nearly 4 per cent in the festive quarter of 2020, a new report said on Monday.
Despite arriving in October, the iPhone 12 contributed significantly towards the rise of Apple in Q4 (October-December) in the country, according to data provided by market intelligence firm CyberMedia Research (Cmr).
The tech giant registered over 60 per cent growth (yea-on-year) in its India business in the full year 2020 while for the festive quarter, the growth was an impressive 100 per cent (YoY).
The Apple iPad category saw 25 per cent growth (performance-wise) in Q4 and for the full year 2020, it logged 17 per cent growth.
For the calendar year 2020, Apple's total India smartphone share was about 2.4 per cent, which is a significant rise.
The tech giant registered over 60 per cent growth in its India...
Despite arriving in October, the iPhone 12 contributed significantly towards the rise of Apple in Q4 (October-December) in the country, according to data provided by market intelligence firm CyberMedia Research (Cmr).
The tech giant registered over 60 per cent growth (yea-on-year) in its India business in the full year 2020 while for the festive quarter, the growth was an impressive 100 per cent (YoY).
The Apple iPad category saw 25 per cent growth (performance-wise) in Q4 and for the full year 2020, it logged 17 per cent growth.
For the calendar year 2020, Apple's total India smartphone share was about 2.4 per cent, which is a significant rise.
The tech giant registered over 60 per cent growth in its India...
- 1/25/2021
- by IANS
- GlamSham
San Francisco, Jan 21 (Ians) Apple CEO Tim Cook apparently gifted a new $5,999 Mac Pro to former president Donald Trump produced at the Texas factory in the US.
According to Trump's final financial disclosure report, posted on Twitter by New York Times' journalist David Enrich, Tim Apple (as Trump once called him), gave him a $5,999 Mac Pro.
The computer is described as the very first Mac Pro produced at the Flex-run factory in Austin, Texas.
Not just Apple, Boeing and Ford also gifted Trump, according to the filing.
"It's unclear from this filing when these gifts were actually given. Who knows –– maybe yesterday, maybe years ago??," Enrich tweeted.
In order to send a message to companies in the US to bring back manufacturing home and create more jobs, Trump in November 2019 visited Apple's Mac Pro plant in Austin, Texas.
"I would always talk about Apple, that I want to see Apple...
According to Trump's final financial disclosure report, posted on Twitter by New York Times' journalist David Enrich, Tim Apple (as Trump once called him), gave him a $5,999 Mac Pro.
The computer is described as the very first Mac Pro produced at the Flex-run factory in Austin, Texas.
Not just Apple, Boeing and Ford also gifted Trump, according to the filing.
"It's unclear from this filing when these gifts were actually given. Who knows –– maybe yesterday, maybe years ago??," Enrich tweeted.
In order to send a message to companies in the US to bring back manufacturing home and create more jobs, Trump in November 2019 visited Apple's Mac Pro plant in Austin, Texas.
"I would always talk about Apple, that I want to see Apple...
- 1/21/2021
- by IANS
- GlamSham
In the past decade-and-a-half, Apple has built significant influence in the podcasting industry by letting creators reach its large audience of device owners without charging them a dime. But the company’s recent conversations with creative partners about introducing a subscription product to its podcasting business signals that its reign as a benevolent distributor might be coming to an end.
The talks, first reported by The Information, have been ongoing since at least last fall, sources tell to The Hollywood Reporter, and ultimately could end up taking several different forms. Regardless, it’s clear that Tim Cook-led Apple — after spending the last two ...
The talks, first reported by The Information, have been ongoing since at least last fall, sources tell to The Hollywood Reporter, and ultimately could end up taking several different forms. Regardless, it’s clear that Tim Cook-led Apple — after spending the last two ...
- 1/18/2021
- The Hollywood Reporter - Movie News
In the past decade-and-a-half, Apple has built significant influence in the podcasting industry by letting creators reach its large audience of device owners without charging them a dime. But the company’s recent conversations with creative partners about introducing a subscription product to its podcasting business signals that its reign as a benevolent distributor might be coming to an end.
The talks, first reported by The Information, have been ongoing since at least last fall, sources tell to The Hollywood Reporter, and ultimately could end up taking several different forms. Regardless, it’s clear that Tim Cook-led Apple — after spending the last two ...
The talks, first reported by The Information, have been ongoing since at least last fall, sources tell to The Hollywood Reporter, and ultimately could end up taking several different forms. Regardless, it’s clear that Tim Cook-led Apple — after spending the last two ...
- 1/18/2021
- The Hollywood Reporter - Film + TV
Defending his company’s takedown of the controversial Parler app from his online store, Apple CEO Tim Cook told Fox newsman Chris Wallace today that he doesn’t believe freedom of speech and allegedly provoking violence intersect.
Apple, Google, and Amazon Services all took the Parler app offline after the protests at the US Capitol on Jan. 6. Five people died in the confrontations.
“We looked at the incitement to violence that was on there (Parler). And we don’t consider that free speech and incitement to violence has an intersection,” Cook told host Chris Wallace on Fox News Sunday.
Cook said all of the App Store’s services are expected to abide by the terms of service.
“We obviously don’t control what’s on the Internet. But we’ve never viewed that our platform should be a simple replication of the internet. We have rules and regulations, and we...
Apple, Google, and Amazon Services all took the Parler app offline after the protests at the US Capitol on Jan. 6. Five people died in the confrontations.
“We looked at the incitement to violence that was on there (Parler). And we don’t consider that free speech and incitement to violence has an intersection,” Cook told host Chris Wallace on Fox News Sunday.
Cook said all of the App Store’s services are expected to abide by the terms of service.
“We obviously don’t control what’s on the Internet. But we’ve never viewed that our platform should be a simple replication of the internet. We have rules and regulations, and we...
- 1/17/2021
- by Bruce Haring
- Deadline Film + TV
Apple CEO Tim Cook is speaking out against the riot that took place at the U.S. Capitol and defending the decision to remove Parler from Apple’s App Store.
While speaking with Chris Wallace on Fox News Sunday, Cook said it was “one of the saddest moments of my life seeing an attack on our Capitol, an attack on our democracy.”
“I felt like I was in some sort of alternate reality to be honest with you. This could not be happening,” he added.
Following the riot, Apple suspended the conservative leaning social media platform Parler from its ...
While speaking with Chris Wallace on Fox News Sunday, Cook said it was “one of the saddest moments of my life seeing an attack on our Capitol, an attack on our democracy.”
“I felt like I was in some sort of alternate reality to be honest with you. This could not be happening,” he added.
Following the riot, Apple suspended the conservative leaning social media platform Parler from its ...
- 1/17/2021
- The Hollywood Reporter - Movie News
Apple CEO Tim Cook is speaking out against the riot that took place at the U.S. Capitol and defending the decision to remove Parler from Apple’s App Store.
While speaking with Chris Wallace on Fox News Sunday, Cook said it was “one of the saddest moments of my life seeing an attack on our Capitol, an attack on our democracy.”
“I felt like I was in some sort of alternate reality to be honest with you. This could not be happening,” he added.
Following the riot, Apple suspended the conservative leaning social media platform Parler from its ...
While speaking with Chris Wallace on Fox News Sunday, Cook said it was “one of the saddest moments of my life seeing an attack on our Capitol, an attack on our democracy.”
“I felt like I was in some sort of alternate reality to be honest with you. This could not be happening,” he added.
Following the riot, Apple suspended the conservative leaning social media platform Parler from its ...
- 1/17/2021
- The Hollywood Reporter - Film + TV
Seoul/New Delhi, Jan 8 (Ians) Hyundai Motors saw its shares jumped more than 20 per cent after saying it is in "early talks" with Apple for a potential electric vehicle deal.
According to Korea Economic Daily, Hyundai Motor and Apple are likely to jointly develop self-driving electric cars.
The news saw Hyundai Motors share go up to its highest point in eight years.
"Apple is in negotiations with multiple global automakers. Hyundai is one of them and we are in early stages of talks. Nothing has been decided," the South Korean automaker said in a statement.
The official comments came in response to an earlier report by the Korea Economic TV, a unit of The Korea Economic Daily, that Apple has approached Hyundai Motor Group "to propose cooperation in its efforts to develop an electric car as well as rechargeable batteries used in EVs".
Apple is reportedly developing an electric vehicle...
According to Korea Economic Daily, Hyundai Motor and Apple are likely to jointly develop self-driving electric cars.
The news saw Hyundai Motors share go up to its highest point in eight years.
"Apple is in negotiations with multiple global automakers. Hyundai is one of them and we are in early stages of talks. Nothing has been decided," the South Korean automaker said in a statement.
The official comments came in response to an earlier report by the Korea Economic TV, a unit of The Korea Economic Daily, that Apple has approached Hyundai Motor Group "to propose cooperation in its efforts to develop an electric car as well as rechargeable batteries used in EVs".
Apple is reportedly developing an electric vehicle...
- 1/8/2021
- by IANS
- GlamSham
Apple CEO Tim Cook earned $14.8 million in fiscal 2020, up 28% from the year earlier as the company beat its financial targets despite a global pandemic.
The chief executive’s package included a $3 million base salary and $10.7 million in non-equity incentive plan compensation, according to a proxy statement filed Tuesday with the SEC. Other compensation was about $1 million. He earned $11.5 million the previous year.
The CEO to average employee pay ratio, which companies are all required to disclose, was 256 to 1.
CFO Luca Maestri’s package of $26.2 million – up from $25.2 million the year before — included more than $21 million in stock awards. Executives from general counsel Kate Adams, to head of “retail + people” Deidre O’Brian and COO Jeff Williams were similar.
Apple’s performance exceeded target goals for both net sales and operating income, noted the proxy, a report issued annually that includes compensation of a company’s five highest paid executives. Apple...
The chief executive’s package included a $3 million base salary and $10.7 million in non-equity incentive plan compensation, according to a proxy statement filed Tuesday with the SEC. Other compensation was about $1 million. He earned $11.5 million the previous year.
The CEO to average employee pay ratio, which companies are all required to disclose, was 256 to 1.
CFO Luca Maestri’s package of $26.2 million – up from $25.2 million the year before — included more than $21 million in stock awards. Executives from general counsel Kate Adams, to head of “retail + people” Deidre O’Brian and COO Jeff Williams were similar.
Apple’s performance exceeded target goals for both net sales and operating income, noted the proxy, a report issued annually that includes compensation of a company’s five highest paid executives. Apple...
- 1/5/2021
- by Jill Goldsmith
- Deadline Film + TV
Tim Cook made nearly $15 million in 2020. His $14.8 million haul was 28% better than the $11.6 he made in 2019.
Cook’s annual salary remained $3 million per year. His increases in non-equity incentive plan compensation and catch-all category “All Other Compensation” led to the increase.
In non-equity incentive plan compensation, Cook’s take jumped from about $7.7 million in 2019 to $10.7 million in 2020. The “all other” change was a relatively nonmaterial few hundred-thousand bucks.
Cook is actually the lowest paid of the top execs at Apple, which is not new. CFO Luca Maestri, COO Jeff Williams and SVPs Kate Adams and Deirdre O’Brien all made north of $26 million in 2020.
Your iPhone 12 Pro Max upgrade at work, ladies and gentlemen.
Don’t feel badly for Cook. Much of his fortune is just tied up in Apple stock. Along with Arthur Levinson and Al Gore, Cook is one of the largest individual shareholders in Apple.
Apple’s net...
Cook’s annual salary remained $3 million per year. His increases in non-equity incentive plan compensation and catch-all category “All Other Compensation” led to the increase.
In non-equity incentive plan compensation, Cook’s take jumped from about $7.7 million in 2019 to $10.7 million in 2020. The “all other” change was a relatively nonmaterial few hundred-thousand bucks.
Cook is actually the lowest paid of the top execs at Apple, which is not new. CFO Luca Maestri, COO Jeff Williams and SVPs Kate Adams and Deirdre O’Brien all made north of $26 million in 2020.
Your iPhone 12 Pro Max upgrade at work, ladies and gentlemen.
Don’t feel badly for Cook. Much of his fortune is just tied up in Apple stock. Along with Arthur Levinson and Al Gore, Cook is one of the largest individual shareholders in Apple.
Apple’s net...
- 1/5/2021
- by Tony Maglio
- The Wrap
Apple CEO Tim Cook received compensation for the fiscal year ended in September 2020 worth nearly $15 million, up 28 percent from fiscal year 2019.
His $14.8 million pay package compared with $11.6 million in the prior year.
As has been the case in recent years, Cook also received a nine-figure windfall from vesting Apple stock. Cook received more than $281 million in newly-vested Apple stock. Cook’s salary was $ 3 million, with $10.7 million in non-equity compensation and $1 million in other compensation, including air travel and security.
The Cupertino, Calif.-based technology giant disclosed ...
His $14.8 million pay package compared with $11.6 million in the prior year.
As has been the case in recent years, Cook also received a nine-figure windfall from vesting Apple stock. Cook received more than $281 million in newly-vested Apple stock. Cook’s salary was $ 3 million, with $10.7 million in non-equity compensation and $1 million in other compensation, including air travel and security.
The Cupertino, Calif.-based technology giant disclosed ...
San Francisco, Dec 28 (Ians) Reliable Apple analyst Ming-Chi Kuo has claimed that the launch of Apple Car is unlikely to happen until 2025-2027.
In a research note, Kuo said that Apple Car specifications have yet to be finalised, adding that he would not be surprised if the vehicle's launch timeframe is pushed out even farther to 2028 or later.
Kuo cites three main issues with Apple Car: uncertainty about the launch timing, uncertainty about the supplier and vehicle specs, and uncertainty around Apple's competitiveness in the Ev and self-driving car market, reports 9To5Mac.
The analyst further suggested investors avoid buying Apple Car-related stocks at this time stating that the market is "overly bullish" about the Apple Car's launch schedule.
The analyst had predicted a couple of years ago that the Apple Car would launch in 2023-2025. But as per his latest survey, the current development schedule of Apple Car is...
In a research note, Kuo said that Apple Car specifications have yet to be finalised, adding that he would not be surprised if the vehicle's launch timeframe is pushed out even farther to 2028 or later.
Kuo cites three main issues with Apple Car: uncertainty about the launch timing, uncertainty about the supplier and vehicle specs, and uncertainty around Apple's competitiveness in the Ev and self-driving car market, reports 9To5Mac.
The analyst further suggested investors avoid buying Apple Car-related stocks at this time stating that the market is "overly bullish" about the Apple Car's launch schedule.
The analyst had predicted a couple of years ago that the Apple Car would launch in 2023-2025. But as per his latest survey, the current development schedule of Apple Car is...
- 12/28/2020
- by IANS
- GlamSham
New Delhi, Dec 23 (Ians) Tesla CEO Elon Musk said on Wednesday that he offered Apple CEO Tim Cook to sell his electric car company at one-tenth of its current value during its struggling period in 2017 but Cook refused to meet him.
Those were the "darkest days" for Tesla Model 3, Musk admitted in a tweet, and he wanted to sell the company off.
"During the darkest days of the Model 3 programme, I reached out to Tim Cook to discuss the possibility of Apple acquiring Tesla (for 1/10 of our current value). He refused to take the meeting," Musk said in a tweet.
Apple was yet to comment on his tweet.
Musk's tweet came as reports resurfaced that Apple is planning to introduce its first electric, autonomous car in 2024.
Musk had said during a media interview in 2018 that his electric car startup was close to death within "single-digit weeks".
He had previously said...
Those were the "darkest days" for Tesla Model 3, Musk admitted in a tweet, and he wanted to sell the company off.
"During the darkest days of the Model 3 programme, I reached out to Tim Cook to discuss the possibility of Apple acquiring Tesla (for 1/10 of our current value). He refused to take the meeting," Musk said in a tweet.
Apple was yet to comment on his tweet.
Musk's tweet came as reports resurfaced that Apple is planning to introduce its first electric, autonomous car in 2024.
Musk had said during a media interview in 2018 that his electric car startup was close to death within "single-digit weeks".
He had previously said...
- 12/26/2020
- by IANS
- GlamSham
Despite a controversial and flawed launch, Cyberpunk 2077 has sold over 13 million copies thus far.
“Cyberpunk 2077 continues to be lambasted for all the problems experienced attempting to play the game, especially on last-gen consoles, but that hasn’t stopped it selling extremely well. As Eurogamer reports, a regulatory filing released yesterday by developer CD Projekt for its investors, reveals the game has sold over 13 million copies as of Dec. 20.”
Read more at PCMag.
Don’t forget to watch Spider-Man: Into the Spider-Verse on Netflix before it leaves the streaming service on Christmas Day.
“I started 2018 with Black Panther and ended it with Spider-Man: Into the Spiderverse. Phew, what a time to be on Team Representation Matters! I spent a Lot of time in 2018 writing about Black Panther for various outlets, but I never got the chance to fully explore my feelings about Miles Morales freefalling to ‘What’s Up Danger.'...
“Cyberpunk 2077 continues to be lambasted for all the problems experienced attempting to play the game, especially on last-gen consoles, but that hasn’t stopped it selling extremely well. As Eurogamer reports, a regulatory filing released yesterday by developer CD Projekt for its investors, reveals the game has sold over 13 million copies as of Dec. 20.”
Read more at PCMag.
Don’t forget to watch Spider-Man: Into the Spider-Verse on Netflix before it leaves the streaming service on Christmas Day.
“I started 2018 with Black Panther and ended it with Spider-Man: Into the Spiderverse. Phew, what a time to be on Team Representation Matters! I spent a Lot of time in 2018 writing about Black Panther for various outlets, but I never got the chance to fully explore my feelings about Miles Morales freefalling to ‘What’s Up Danger.'...
- 12/23/2020
- by Ivan Huang
- Den of Geek
The entertainment business is by definition unpredictable. That’s what makes it such a magnet for the best and the brightest, the bold and the brazen, the born innovators and entrepreneurs.
Efforts to forecast the future are often folly, because the path is determined by financial agendas and the interests and discretionary income of American and, increasingly, global consumers.
But just because something is hard to do well doesn’t mean we shouldn’t try. With the hellacious year of 2020 drawing to a close, Variety’s in-house team of soothsayers gathered around a virtual crystal ball to make some educated guesses about what the next 12 months will bring.
After enduring the pain of the pandemic, which has accelerated disruption in every facet of the industry, readers will forgive us for accentuating the positive and looking for some rainbows after an awful torrent of rain.
The Business
• Nothing created more opportunity,...
Efforts to forecast the future are often folly, because the path is determined by financial agendas and the interests and discretionary income of American and, increasingly, global consumers.
But just because something is hard to do well doesn’t mean we shouldn’t try. With the hellacious year of 2020 drawing to a close, Variety’s in-house team of soothsayers gathered around a virtual crystal ball to make some educated guesses about what the next 12 months will bring.
After enduring the pain of the pandemic, which has accelerated disruption in every facet of the industry, readers will forgive us for accentuating the positive and looking for some rainbows after an awful torrent of rain.
The Business
• Nothing created more opportunity,...
- 12/23/2020
- by Cynthia Littleton
- Variety Film + TV
Apple CEO Tim Cook seems to have personally killed an Apple TV+ series about Gawker, according to Ben Smith of The New York Times.
Apple TV+ had commissioned a series from Gawker Cord Jefferson and Max Read about the gossip website and “had completed several episodes,” according to Smith’s reporting. Read was once Gawker editor-in-chief.
“Then, an Apple executive got an email from the company’s chief executive, Tim Cook,” the New York Times wrote. “Mr. Cook, according to two people briefed on the email, was surprised to learn that his company was making a show about Gawker, which had humiliated the company at various times and famously outed him, back in 2008, as gay. He expressed a distinctly negative view toward Gawker, the people said. Apple proceeded to kill the project. And now, the show is back on the market and the executive who brought it in, Layne Eskridge,...
Apple TV+ had commissioned a series from Gawker Cord Jefferson and Max Read about the gossip website and “had completed several episodes,” according to Smith’s reporting. Read was once Gawker editor-in-chief.
“Then, an Apple executive got an email from the company’s chief executive, Tim Cook,” the New York Times wrote. “Mr. Cook, according to two people briefed on the email, was surprised to learn that his company was making a show about Gawker, which had humiliated the company at various times and famously outed him, back in 2008, as gay. He expressed a distinctly negative view toward Gawker, the people said. Apple proceeded to kill the project. And now, the show is back on the market and the executive who brought it in, Layne Eskridge,...
- 12/14/2020
- by Tony Maglio and Lindsey Ellefson
- The Wrap
New Delhi, Dec 4 (Ians) Apple has announced that the developers in its new small business programme can now sign up to receive 15 per cent more from sales of their apps on App Store.
Apple last month unveiled a new developer programme to reduce the charge by half for small businesses that earn up to $1 million in revenue from January 1, 2021, after facing flak for the App Store's 30 per cent standard commission for paid app revenue and in-app purchases.
The Cupertino-based iPhone maker said on Thursday that enrollment is now open for the new App Store Small Business Programme, designed to accelerate innovation and help propel small businesses forward.
"Featuring a reduced commission rate of 15 per cent on paid apps and in-app purchases, this programme helps you invest more resources into your business so you can continue building great apps," the company said in an update.
The vast majority of developers on...
Apple last month unveiled a new developer programme to reduce the charge by half for small businesses that earn up to $1 million in revenue from January 1, 2021, after facing flak for the App Store's 30 per cent standard commission for paid app revenue and in-app purchases.
The Cupertino-based iPhone maker said on Thursday that enrollment is now open for the new App Store Small Business Programme, designed to accelerate innovation and help propel small businesses forward.
"Featuring a reduced commission rate of 15 per cent on paid apps and in-app purchases, this programme helps you invest more resources into your business so you can continue building great apps," the company said in an update.
The vast majority of developers on...
- 12/5/2020
- by IANS
- GlamSham
Tech giant Apple Wednesday unveiled a new developer program that reduces App Store commissions by half to 15% for businesses earning up to $1 million a year.
It said the goal is to “accelerate innovation and help small businesses and independent developers propel their businesses forward with the next generation of groundbreaking apps on the App Store.”
Apple has been under increasing pressure this year over fees it charges for transactions through its ubiquitous app store, including a highly public legal battle with Fortnite creator Epic Games and mounting antitrust sentiment among regulators and politicians on Capitol Hill who are questioning the market power of social media and tech giants.
The Department of Justice and a number of state attorneys general recently filed antitrust claims against Google parent Alphabet. Congress has hauled CEOs of Facebook, Twitter, Alphabet and Apple to testify on Capitol Hill with increasing regularity. Just yesterday, members of the...
It said the goal is to “accelerate innovation and help small businesses and independent developers propel their businesses forward with the next generation of groundbreaking apps on the App Store.”
Apple has been under increasing pressure this year over fees it charges for transactions through its ubiquitous app store, including a highly public legal battle with Fortnite creator Epic Games and mounting antitrust sentiment among regulators and politicians on Capitol Hill who are questioning the market power of social media and tech giants.
The Department of Justice and a number of state attorneys general recently filed antitrust claims against Google parent Alphabet. Congress has hauled CEOs of Facebook, Twitter, Alphabet and Apple to testify on Capitol Hill with increasing regularity. Just yesterday, members of the...
- 11/18/2020
- by Jill Goldsmith
- Deadline Film + TV
This The Simpsons review contains spoilers.
The Simpsons Season 32 Episode 4
Halloween is the special time for many series, giving them the chance to throw logic and canon out the window to plumb the fantastic for fearful flights. But The Simpsons season 32, episode 4, “Treehouse of Horror Xxxi” opens with the scariest of all fantasias: Reality.
The episode begins a short while after Halloween on what looks to be the most frightening day in recent memory, the upcoming election between Trump/Putin and Someone/Anyone. The sequence includes a list of reasons to vote against Trump. Each more surrealistically real than the last. The list is long, so long you can’t make them all out during the crawl. They are detailed, amazing, includes one that is made up, and thorough. Homer’s commentary is priceless. But so are the rest of the political barbs in the pre-segment, such as when a...
The Simpsons Season 32 Episode 4
Halloween is the special time for many series, giving them the chance to throw logic and canon out the window to plumb the fantastic for fearful flights. But The Simpsons season 32, episode 4, “Treehouse of Horror Xxxi” opens with the scariest of all fantasias: Reality.
The episode begins a short while after Halloween on what looks to be the most frightening day in recent memory, the upcoming election between Trump/Putin and Someone/Anyone. The sequence includes a list of reasons to vote against Trump. Each more surrealistically real than the last. The list is long, so long you can’t make them all out during the crawl. They are detailed, amazing, includes one that is made up, and thorough. Homer’s commentary is priceless. But so are the rest of the political barbs in the pre-segment, such as when a...
- 11/2/2020
- by Alec Bojalad
- Den of Geek
Tech giant Apple posted solid sales and profit for the fiscal fourth quarter ended in September, but CEO Tim Cook spooked investors a tad Thursday as the company declined to give guidance for the current first quarter.
Cook apparently told CNBC that uncertainty around the spread of the pandemic “made it a tough environment to guide into.” The shares were off more than 4% in after-hours trading.
Revenue of $64.7 billion was up from $6.37 billion. Earnings per share nosed higher to 73 cents from 70 cents. Revenue for services, which houses Apple TV and Apple TV+, beat expectations at $14.5 billion.
Apple breaks out sales for iPhone, weaker than anticipated at $26 billion, down $3 billion, iPads, Macs and Wearables — those trendy AirPods are booming and a new version is slated to be released in early 2021.
The giant led by Cook doesn’t give a separate line for Apple TV+, the streaming service that’s been making...
Cook apparently told CNBC that uncertainty around the spread of the pandemic “made it a tough environment to guide into.” The shares were off more than 4% in after-hours trading.
Revenue of $64.7 billion was up from $6.37 billion. Earnings per share nosed higher to 73 cents from 70 cents. Revenue for services, which houses Apple TV and Apple TV+, beat expectations at $14.5 billion.
Apple breaks out sales for iPhone, weaker than anticipated at $26 billion, down $3 billion, iPads, Macs and Wearables — those trendy AirPods are booming and a new version is slated to be released in early 2021.
The giant led by Cook doesn’t give a separate line for Apple TV+, the streaming service that’s been making...
- 10/29/2020
- by Jill Goldsmith
- Deadline Film + TV
Apple’s fiscal fourth-quarter iPhone sales declined 21% — or about $7 billion — from last year, tripping up the company share price in after-hours trading on Thursday.
Wall Street had forecast Q4 earnings of 70 cents per share for Apple on $63.7 billion in revenue, according to a consensus estimate compiled by Yahoo Finance. This afternoon, Apple reported earnings per share (Eps) of 73 cents on $64.7 billion in revenue.
Company net income was $12.7 billion, down $1 billion from the fiscal fourth quarter of 2019. Mac and iPad sales helped offset some of those iPhones declines. Growth in its services and home devices — including wearables — segments helped Apple’s overall sales increase in Q4 2020.
Apple TV+, while not specifically broken out in company financials, is included in its “services” line item — a segment that grew more than $2 billion in this Q4.
“Apple capped off a fiscal year defined by innovation in the face of adversity with a September quarter record,...
Wall Street had forecast Q4 earnings of 70 cents per share for Apple on $63.7 billion in revenue, according to a consensus estimate compiled by Yahoo Finance. This afternoon, Apple reported earnings per share (Eps) of 73 cents on $64.7 billion in revenue.
Company net income was $12.7 billion, down $1 billion from the fiscal fourth quarter of 2019. Mac and iPad sales helped offset some of those iPhones declines. Growth in its services and home devices — including wearables — segments helped Apple’s overall sales increase in Q4 2020.
Apple TV+, while not specifically broken out in company financials, is included in its “services” line item — a segment that grew more than $2 billion in this Q4.
“Apple capped off a fiscal year defined by innovation in the face of adversity with a September quarter record,...
- 10/29/2020
- by Tony Maglio
- The Wrap
“The Simpsons” is taking aim at Donald Trump’s presidency for the show’s 31st installment of its series of Halloween episodes.
Variety revealed the long-running cartoon’s latest political bit, from the upcoming episode “Treehouse of Horror Xxxi,” on Tuesday. The new scene shows Homer at a polling location, confident in all of his voting decisions sans the presidential vote. A mask-clad Lisa then barges into Homer’s voting booth to ask him if he has forgotten all of the happenings over the last four years. A list of many of the president’s controversial actions and remarks, ranging from calling Mexicans rapists to referring to Apple CEO Tim Cook as Tim Apple, flashes over the screen.
“The Simpsons” has long done bits about American politics — the show generated headlines when fans realized that it joked about a Trump presidency in an episode from 2000 — and has offered plenty of...
Variety revealed the long-running cartoon’s latest political bit, from the upcoming episode “Treehouse of Horror Xxxi,” on Tuesday. The new scene shows Homer at a polling location, confident in all of his voting decisions sans the presidential vote. A mask-clad Lisa then barges into Homer’s voting booth to ask him if he has forgotten all of the happenings over the last four years. A list of many of the president’s controversial actions and remarks, ranging from calling Mexicans rapists to referring to Apple CEO Tim Cook as Tim Apple, flashes over the screen.
“The Simpsons” has long done bits about American politics — the show generated headlines when fans realized that it joked about a Trump presidency in an episode from 2000 — and has offered plenty of...
- 10/14/2020
- by Tyler Hersko
- Indiewire
Apple introduced its long-awaited, 5G-enabled iPhone 12 models in an online presentation today, announcing four models that will be available in time for the holiday season.
Pricing is pretty much in line with recent years. The iPhone 12 mini retails for $699, $100 less than the iPhone 12. The iPhone 12 Pro is $999 and the Pro Max is $1,099. Apple is also keeping the iPhone 11 in its lineup, at $599, along with the entry level iPhone at $399.
One notable change is that headphones and power adapters will no longer be included with the main purchase of the phone. Part of the reason for that is environmental concerns. The company said it is aiming to be carbon neutral in 2020, with a climate impact of net zero by 2030. Another incentive, of course, is to drive interest in the company’s wireless AirPods, which start at $149.
With a 5.4-inch screen, the mini (in lower case for extra emphasis) is described by Apple as “the smallest,...
Pricing is pretty much in line with recent years. The iPhone 12 mini retails for $699, $100 less than the iPhone 12. The iPhone 12 Pro is $999 and the Pro Max is $1,099. Apple is also keeping the iPhone 11 in its lineup, at $599, along with the entry level iPhone at $399.
One notable change is that headphones and power adapters will no longer be included with the main purchase of the phone. Part of the reason for that is environmental concerns. The company said it is aiming to be carbon neutral in 2020, with a climate impact of net zero by 2030. Another incentive, of course, is to drive interest in the company’s wireless AirPods, which start at $149.
With a 5.4-inch screen, the mini (in lower case for extra emphasis) is described by Apple as “the smallest,...
- 10/13/2020
- by Dade Hayes
- Deadline Film + TV
There’s nothing scarier than the 2020 election, which makes it the perfect opener for this year’s edition of “The Simpsons” Halloween-themed “Treehouse of Horror.”
Variety has an exclusive first look at the 31st installment, which opens on Election Day 2020. Marge calls Homer to remind him to vote, and he gets to the polling station just in time — where he seems decided in just about every position (including Amazon Alexa for Governor) except for the presidential race.
That’s when a flummoxed Lisa can’t believe that, after everything that has happened these past four years, her father is still undecided.
A helpful scroll then lists just a fraction of some of the things that Donald Trump has done that makes him unfit for president.
Here is that list:
Made it okay to shoot hibernating bears
Put children in cages
Called Mexicans rapists
Imitated disabled reporter
Looks lousy in a...
Variety has an exclusive first look at the 31st installment, which opens on Election Day 2020. Marge calls Homer to remind him to vote, and he gets to the polling station just in time — where he seems decided in just about every position (including Amazon Alexa for Governor) except for the presidential race.
That’s when a flummoxed Lisa can’t believe that, after everything that has happened these past four years, her father is still undecided.
A helpful scroll then lists just a fraction of some of the things that Donald Trump has done that makes him unfit for president.
Here is that list:
Made it okay to shoot hibernating bears
Put children in cages
Called Mexicans rapists
Imitated disabled reporter
Looks lousy in a...
- 10/12/2020
- by Michael Schneider
- Variety Film + TV
A House Subcommittee has concluded after a 16-month probe that four tech giants – Facebook, Apple, Amazon and Google — are monopolists and wants Congress to change antitrust laws to force the companies to split off businesses or make it harder for them to buy smaller rivals.
Basically, the group needs to be reined in, according to the Jerrold Nadler-led House Judiciary Subcommittee on antitrust, which released a 450-page report Tuesday called Investigation of Competition in Digital Markets. The Democratic majority staff read millions of documents, had numerous interviews and held hearings – most recently and awkwardly in July when the four CEOs testified on Capitol Hill.
Mark Zuckerberg, Jeff Bezos, Sundar Pichai and Tim Cook were grilled by pols on both sides of the aisle on a wide range of issues from not paying for the journalism on their sides, to providing platforms for misinformation and conspiracy theories, to anti-conservative bias.
Basically, the group needs to be reined in, according to the Jerrold Nadler-led House Judiciary Subcommittee on antitrust, which released a 450-page report Tuesday called Investigation of Competition in Digital Markets. The Democratic majority staff read millions of documents, had numerous interviews and held hearings – most recently and awkwardly in July when the four CEOs testified on Capitol Hill.
Mark Zuckerberg, Jeff Bezos, Sundar Pichai and Tim Cook were grilled by pols on both sides of the aisle on a wide range of issues from not paying for the journalism on their sides, to providing platforms for misinformation and conspiracy theories, to anti-conservative bias.
- 10/6/2020
- by Jill Goldsmith
- Deadline Film + TV
Two days after Disney announced some 28,000 layoffs in its U.S. parks business, chairman Bob Iger has resigned from California Gov. Gavin Newsom’s task force on the state’s economic recovery.
The Sacramento Bee reported this afternoon that Iger has quit the post, citing a Disney spokesperson. Deadline has reached out to the company for comment.
A week ago, Josh D’Amaro — the new chairman of Disney Parks, Experiences and Products — begged California officials to let Disneyland reopen and to “treat theme parks the way you treat other sectors.” On Monday, several state lawmakers sending a letter to Newsom this week requesting that he issue reopening guidelines for parks such as Disneyland, Universal Studios and Knott’s Berry Farm. Dr. Mark Ghaly, California’s top health official, said Tuesday in response to Monday’s letter: “We’re working hard to get that out in a responsible way as soon as possible.
The Sacramento Bee reported this afternoon that Iger has quit the post, citing a Disney spokesperson. Deadline has reached out to the company for comment.
A week ago, Josh D’Amaro — the new chairman of Disney Parks, Experiences and Products — begged California officials to let Disneyland reopen and to “treat theme parks the way you treat other sectors.” On Monday, several state lawmakers sending a letter to Newsom this week requesting that he issue reopening guidelines for parks such as Disneyland, Universal Studios and Knott’s Berry Farm. Dr. Mark Ghaly, California’s top health official, said Tuesday in response to Monday’s letter: “We’re working hard to get that out in a responsible way as soon as possible.
- 10/2/2020
- by Erik Pedersen
- Deadline Film + TV
In an online appearance Monday at The Atlantic Festival, Apple CEO Tim Cook declined the opportunity to express any criticism of the U.S. government for its response to Covid-19.
Atlantic editor-in-chief Jeffrey Goldberg, in a 20-minute talk with Cook that was recorded late last week and streamed during the festival’s opening night, pressed him on the matter two separate times.
“I can tell you how we’ve responded” to the pandemic, Cook said, rattling off initiatives by Apple, from face shield donations to renewed efforts to ensure its news feeds stay free of phony pandemic reports.
Goldberg went back at Cook again, emphasizing Apple’s sense of the global picture and suggesting the U.S. could have made choices that would have avoided the current total of 200,000-plus deaths. “I think this virus caught the world by surprise,” Cook responded. “It’s significant, and I think there will be...
Atlantic editor-in-chief Jeffrey Goldberg, in a 20-minute talk with Cook that was recorded late last week and streamed during the festival’s opening night, pressed him on the matter two separate times.
“I can tell you how we’ve responded” to the pandemic, Cook said, rattling off initiatives by Apple, from face shield donations to renewed efforts to ensure its news feeds stay free of phony pandemic reports.
Goldberg went back at Cook again, emphasizing Apple’s sense of the global picture and suggesting the U.S. could have made choices that would have avoided the current total of 200,000-plus deaths. “I think this virus caught the world by surprise,” Cook responded. “It’s significant, and I think there will be...
- 9/22/2020
- by Dade Hayes
- Deadline Film + TV
Bubbling close to the surface of this year’s Venice Film Festival are existential questions about the future of festivals and cinema itself.
The pandemic has thrown the already anxious cinema business through a loop. We have heard a lot from exhibition bosses in recent months that the fundamentals of cinema-going are strong. Today, it was the turn of seven European festival heads to do the same, gathering in Venice for the festival’s launch to express solidarity with cinema and the festival experience (Tilda Swinton and Cate Blanchett have also voiced similar sentiments today).
Cannes chief Thierry Fremaux said: “We have to stop announcing the death of cinemas when something new happens.” He’s right. But he also felt the need to gather with seven of his peers to underscore the “fundamental value of cinema, and the role and importance of festivals.” I don’t see Ted Sarandos, Jeff Bezos...
The pandemic has thrown the already anxious cinema business through a loop. We have heard a lot from exhibition bosses in recent months that the fundamentals of cinema-going are strong. Today, it was the turn of seven European festival heads to do the same, gathering in Venice for the festival’s launch to express solidarity with cinema and the festival experience (Tilda Swinton and Cate Blanchett have also voiced similar sentiments today).
Cannes chief Thierry Fremaux said: “We have to stop announcing the death of cinemas when something new happens.” He’s right. But he also felt the need to gather with seven of his peers to underscore the “fundamental value of cinema, and the role and importance of festivals.” I don’t see Ted Sarandos, Jeff Bezos...
- 9/2/2020
- by Andreas Wiseman
- Deadline Film + TV
Filmmakers Jesse Moss and Amanda McBaine have a unique niche among documentarians: their work, together or apart, often involves liberal people in conservative spaces. Moss produced last year’s Gay Chorus Deep South, about the San Francisco Gay Men’s Chorus embarking on a musical tour below the Mason-Dixon line, and both worked on The Overnighters, the story of a Lutheran pastor who opens his church doors to homeless workers who are seeking oil jobs in his North Dakota town. Moss and McBaine return with Boys State, the story of four boys creating a representative government from the ground up at a simulation in Texas.
When first hearing about the Sundance Grand Jury Prize documentary winner about teen boys in Texas politics, one might recall Lord of the Flies. Instead, Boys State demonstrates the complex inner life of those featured in competition. McBaine notes their most conservative character reveals “surprising [self] reflection,...
When first hearing about the Sundance Grand Jury Prize documentary winner about teen boys in Texas politics, one might recall Lord of the Flies. Instead, Boys State demonstrates the complex inner life of those featured in competition. McBaine notes their most conservative character reveals “surprising [self] reflection,...
- 8/14/2020
- by Joshua Encinias
- The Film Stage
Governor Gavin Newsom started his Wednesday coronavirus news conference by taking a page out of Donald Trump’s press conference playbook.
The governor began by recalling how he started his first business by writing to 14 people he knew and asking for start-up money.
He then spent the next 45 minutes of his regular, hourlong Covid-19 press conference reviewing the economic accomplishments of his administration thus far.
Newsom talked about line item tax credits, small business loans, unemployment, housing capacity, eviction moratoriums, “shovel-ready” infrastructure projects, wildfire prevention, workforce training, a small business hiring credit, infrastructure grants, extending mortgage relief, incentivizing home construction, telework and bridging the digital divide.
Newsom spoke about the 100-member economic task force that had been created to provide industry guidance after Covid struck, name-dropping Tim Cook and Bob Iger. He thanked Secretary of State Alex Padilla. He thanked Kamala Harris. He thanked state legislative leaders for their partnership.
The governor began by recalling how he started his first business by writing to 14 people he knew and asking for start-up money.
He then spent the next 45 minutes of his regular, hourlong Covid-19 press conference reviewing the economic accomplishments of his administration thus far.
Newsom talked about line item tax credits, small business loans, unemployment, housing capacity, eviction moratoriums, “shovel-ready” infrastructure projects, wildfire prevention, workforce training, a small business hiring credit, infrastructure grants, extending mortgage relief, incentivizing home construction, telework and bridging the digital divide.
Newsom spoke about the 100-member economic task force that had been created to provide industry guidance after Covid struck, name-dropping Tim Cook and Bob Iger. He thanked Secretary of State Alex Padilla. He thanked Kamala Harris. He thanked state legislative leaders for their partnership.
- 8/12/2020
- by Tom Tapp
- Deadline Film + TV
As traditional entertainment companies grapple with the upheaval and uncertainty of Covid-19, tech giants Apple and Amazon are profiting handsomely during the pandemic.
The tech giants on Thursday reported blockbuster results for the second quarter, the same April-to-June period that paralyzed legacy media companies. Speaking to Wall Street analysts about the numbers during separate earnings conference calls, executives struck a notably sanguine tone about the months-long production shutdowns.
They took care to express concern about safety, of course, and conceded many unknowns about the outlook for when cameras will once again roll. But their main message was that they have plenty of other ways to keep growing while shooting remains on pause. That notion is well-established in an industry being reshaped by technology, but seldom has it been put in such stark relief.
Amazon’s head of investor relations, Dave Fildes, fielded a question about areas where Amazon is actually...
The tech giants on Thursday reported blockbuster results for the second quarter, the same April-to-June period that paralyzed legacy media companies. Speaking to Wall Street analysts about the numbers during separate earnings conference calls, executives struck a notably sanguine tone about the months-long production shutdowns.
They took care to express concern about safety, of course, and conceded many unknowns about the outlook for when cameras will once again roll. But their main message was that they have plenty of other ways to keep growing while shooting remains on pause. That notion is well-established in an industry being reshaped by technology, but seldom has it been put in such stark relief.
Amazon’s head of investor relations, Dave Fildes, fielded a question about areas where Amazon is actually...
- 7/30/2020
- by Dade Hayes
- Deadline Film + TV
Facebook, Amazon, Apple, and Google are jointly worth nearly $5 trillion and, along with Microsoft, make up 22 percent of the entire S&P 500. In other words, they’re flat-out dominating their respective markets. And on Wednesday Facebook CEO Mark Zuckerberg, Amazon CEO Jeff Bezos, Apple CEO Tim Cook, and Google CEO Sundar Pichai appeared remotely before the House Judiciary Antitrust Subcommittee to answer questions about exactly how they became so dominant, and what they’re doing to maintain their stranglehold on the competition.
The landmark hearing was part of a going-on-...
The landmark hearing was part of a going-on-...
- 7/30/2020
- by Ryan Bort
- Rollingstone.com
Updated, 12:41 Pm Pt: The CEOs of Google, Facebook, Apple and Amazon are testifying on Capitol Hill on Wednesday, in an unusual hearing that reflects the extent to which lawmakers have focused their scrutiny on tech platforms.
Hollywood’s lobby in D.C. is mainly watching from the sidelines, even as it has a vested interest in a number of issues, but this hearing’s focus is on antitrust as a House Judiciary subcommittee continues its investigation of competition among the major platforms.
While studios have been critical of Google in particular for not taking greater action to curb piracy, and lately have called for more “platform accountability,” taking a public stance on the issue of antitrust is a bit of a wild card that actually may end up backfiring.
Still, if the investigation leads to changes in antitrust laws, that will be of keen interest to traditional media players...
Hollywood’s lobby in D.C. is mainly watching from the sidelines, even as it has a vested interest in a number of issues, but this hearing’s focus is on antitrust as a House Judiciary subcommittee continues its investigation of competition among the major platforms.
While studios have been critical of Google in particular for not taking greater action to curb piracy, and lately have called for more “platform accountability,” taking a public stance on the issue of antitrust is a bit of a wild card that actually may end up backfiring.
Still, if the investigation leads to changes in antitrust laws, that will be of keen interest to traditional media players...
- 7/29/2020
- by Ted Johnson and Jill Goldsmith
- Deadline Film + TV
Mark Zuckerberg will hop on perhaps the most scrutinized conference call of his life on Wednesday to testify, via video, before the House Judiciary Subcommittee on Antitrust. For more than a year, the committee has been investigating potentially monopolistic practices by tech giants, and the Facebook CEO — who will testify alongside Amazon CEO Jeff Bezos, Apple CEO Tim Cook, and Google CEO Sundar Pichai — has some explaining to do.
Zuckerberg seems to have settled on an explanation, albeit a stupid one.
According to Bloomberg, the Facebook CEO plans to argue...
Zuckerberg seems to have settled on an explanation, albeit a stupid one.
According to Bloomberg, the Facebook CEO plans to argue...
- 7/27/2020
- by Ryan Bort
- Rollingstone.com
A Congressional antitrust investigation will have some star power testifying at hearings later this month, as the CEOs of Amazon, Apple. Alphabet (Google/YouTube) and Facebook have agreed to talk to the legislators.
Congress has been casting a wary eye at the four tech giants, concerned that their market power is growing beyond acceptable limits. Jeff Bezos of Amazon, Tim Cook of Apple, Mark Zuckerberg of Facebook and Sundar Pichai of Alphabet will try to assuage those fears and temper any potential curtailment of their businesses.
No date has been set for the tech testimony, and it has not been determined if some will appear virtually or in person.
Federal regulators and state attorneys general have multiple investigations running on various antitrust issues surrounding the four tech companies. Their four CEOs may also face questions on other practices, including labor issues and restraint of political content.
Amazon’s Bezos has never testified before Congress,...
Congress has been casting a wary eye at the four tech giants, concerned that their market power is growing beyond acceptable limits. Jeff Bezos of Amazon, Tim Cook of Apple, Mark Zuckerberg of Facebook and Sundar Pichai of Alphabet will try to assuage those fears and temper any potential curtailment of their businesses.
No date has been set for the tech testimony, and it has not been determined if some will appear virtually or in person.
Federal regulators and state attorneys general have multiple investigations running on various antitrust issues surrounding the four tech companies. Their four CEOs may also face questions on other practices, including labor issues and restraint of political content.
Amazon’s Bezos has never testified before Congress,...
- 7/3/2020
- by Bruce Haring
- Deadline Film + TV
Apple, as expected, provided a preview of iOS 14 at at WWDC20, this year’s online-streaming version of its annual Worldwide Developers Conference — which includes new tools for navigating the iPhone home screen and enhanced privacy.
The iOS 14 operating system will be released this fall as a free software update for iPhone 6s and later. It features redesigned “widgets” that can be accessed directly on the home screen (above left) to provide expanded access and information. Users also have the option to let Apple devices organize their apps with App Library (above right), which automatically groups apps not included on one of their home screens into categories.
It’s “the biggest update we’ve ever made to the home screen,” said Craig Federighi, Apple’s SVP of software engineering.
In another expected announcement, Apple confirmed that it is moving away from Intel processors in Macs to its own internally developed silicon.
The iOS 14 operating system will be released this fall as a free software update for iPhone 6s and later. It features redesigned “widgets” that can be accessed directly on the home screen (above left) to provide expanded access and information. Users also have the option to let Apple devices organize their apps with App Library (above right), which automatically groups apps not included on one of their home screens into categories.
It’s “the biggest update we’ve ever made to the home screen,” said Craig Federighi, Apple’s SVP of software engineering.
In another expected announcement, Apple confirmed that it is moving away from Intel processors in Macs to its own internally developed silicon.
- 6/22/2020
- by Todd Spangler
- Variety Film + TV
Apple’s first-ever virtual Worldwide Developers Conference — which the tech giant its hyping as the biggest Wwdc to date — kicks off Monday. Here’s how to watch the key events, along with a rundown of rumors and reports that have surfaced ahead of WWDC20.
Wwdc, now in its 31st year, runs from June 22 to 26. During the event, Apple is planning to again divulge news and details about the future of its proprietary platforms — including iOS, macOS, and Apple TV’s tvOS — and this year will provide a way for its base of 23 million developers to engage with the company’s engineers.
The main event will be the June 22 special keynote, which starts at 10 a.m. Pt. Apple promises “exciting new innovations and updates coming to all Apple platforms later this year.” The keynote address will be available via apple.com/apple-events, in the Apple Developer app, on the Apple Developer website,...
Wwdc, now in its 31st year, runs from June 22 to 26. During the event, Apple is planning to again divulge news and details about the future of its proprietary platforms — including iOS, macOS, and Apple TV’s tvOS — and this year will provide a way for its base of 23 million developers to engage with the company’s engineers.
The main event will be the June 22 special keynote, which starts at 10 a.m. Pt. Apple promises “exciting new innovations and updates coming to all Apple platforms later this year.” The keynote address will be available via apple.com/apple-events, in the Apple Developer app, on the Apple Developer website,...
- 6/22/2020
- by Todd Spangler
- Variety Film + TV
The Supreme Court ruled that Donald Trump’s administration was arbitrary and capricious as it sought to end an Obama-era program to protect some 700,000 “dreamers,” or young undocumented immigrants who were brought to the United States as children.
The decision (read it here) means that those “dreamers” can stay in the United States for now.
Chief Justice John Roberts was joined by the court’s four liberal members in the decision. The remaining conservative members of the court concurred with parts of the opinion and dissented in others.
Roberts wrote in the decision that they were not deciding whether the Obama-era program, the Deferred Action for Childhood Arrivals Program, “are sound policies,” but whether the Department of Homeland Security followed proper procedure in rescinding the program.
He wrote that the agency “failed to consider the conspicuous is-sues of whether to retain forbearance and what if anything to do about the hardship to Daca recipients.
The decision (read it here) means that those “dreamers” can stay in the United States for now.
Chief Justice John Roberts was joined by the court’s four liberal members in the decision. The remaining conservative members of the court concurred with parts of the opinion and dissented in others.
Roberts wrote in the decision that they were not deciding whether the Obama-era program, the Deferred Action for Childhood Arrivals Program, “are sound policies,” but whether the Department of Homeland Security followed proper procedure in rescinding the program.
He wrote that the agency “failed to consider the conspicuous is-sues of whether to retain forbearance and what if anything to do about the hardship to Daca recipients.
- 6/18/2020
- by Ted Johnson
- Deadline Film + TV
Apple on Thursday committed $100 million to what CEO Tim Cook called “the unfinished work of racial justice and equality.”
YouTube announced a $100 investment today as well to amplify black voices, and Sony Pictures unveiled the Sony Pictures Action initiative. They are the latest media, entertainment and tech companies shocked into action by the police killing of George Floyd two weeks ago and the ongoing wave of protest across the nation since.
Apple’s Racial Equity and Justice Initiative will work “to challenge the systemic barriers to opportunity and dignity that exist for communities of color and particularly for the black community,” focusing on education, economic equality and criminal justice reform, said Cook in video posted on Twitter.
The executive, who has a Southern twang, described growing up in Alabama during the Civil Rights movement. “I saw firsthand that the only thing that made lasting and durable change was people of...
YouTube announced a $100 investment today as well to amplify black voices, and Sony Pictures unveiled the Sony Pictures Action initiative. They are the latest media, entertainment and tech companies shocked into action by the police killing of George Floyd two weeks ago and the ongoing wave of protest across the nation since.
Apple’s Racial Equity and Justice Initiative will work “to challenge the systemic barriers to opportunity and dignity that exist for communities of color and particularly for the black community,” focusing on education, economic equality and criminal justice reform, said Cook in video posted on Twitter.
The executive, who has a Southern twang, described growing up in Alabama during the Civil Rights movement. “I saw firsthand that the only thing that made lasting and durable change was people of...
- 6/11/2020
- by Jill Goldsmith
- Deadline Film + TV
In an open letter titled “Speaking Up on Racism,” Apple CEO Tim Cook said it was vital to confront “the everyday experience of deeply rooted discrimination.”
The tech exec did not identify a specific dollar amount, but said the company is “donating to organizations including the Equal Justice Initiative, which challenge racial injustice and mass incarceration.” He also said it will continue to “bring critical resources and technology to underserved school systems.”
Beyond any financial or material contributions, his letter called for soul-searching across the board in the wake of the Memorial Day death of George Floyd in police custody, a killing that Cook called “senseless.”
Cook said simply waiting for the crisis to pass would not be acceptable. He said it was essential to “reexamine our own views and actions in light of a pain that is deeply felt but too often ignored. Issues of human dignity will not abide standing on the sidelines.
The tech exec did not identify a specific dollar amount, but said the company is “donating to organizations including the Equal Justice Initiative, which challenge racial injustice and mass incarceration.” He also said it will continue to “bring critical resources and technology to underserved school systems.”
Beyond any financial or material contributions, his letter called for soul-searching across the board in the wake of the Memorial Day death of George Floyd in police custody, a killing that Cook called “senseless.”
Cook said simply waiting for the crisis to pass would not be acceptable. He said it was essential to “reexamine our own views and actions in light of a pain that is deeply felt but too often ignored. Issues of human dignity will not abide standing on the sidelines.
- 6/4/2020
- by Dade Hayes
- Deadline Film + TV
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