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Research early release for home viewing boosts movie revenues but 1 Research early release for home viewing boosts movie revenues but 1

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Research: early release for home viewing boosts movie revenues, but piracy isn’t on the rise

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Reducing the delay between movie releases in theaters and home-viewing releases has been generating more and more money for movie studios in recent years, especially amid the coronavirus pandemic. This is stated in research by Carnegie Mellon’s Initiative for Digital Entertainment Analytics (IDEA).

Usually, after the premiere of a film at the box office, filmmakers have to wait several months before they can watch it at home. This deferral tactic helps cinemas maximize their revenues. However, in recent years, there has been a trend towards shrinking this release window, and this process has accelerated due to the COVID-19 pandemic. In some cases, the tapes are being released both in theaters and for home viewing at the same time, as recently happened with the film Wonder Woman 1984 – studio Warner Bros. launched the picture on the HBO Max streaming service on the day of the premiere.

The researchers looked at the film market in South Korea – the fourth largest in the world after the United States, China and Japan. The choice is due to the fact that in recent years studios have experimented with shrinking the release window in Korea much more often, as a result of which the delay is significantly shorter than in other countries and is now 28 days on a Super Premium Video on Demand subscription – this means that films can be watched at home, although they are still available in cinemas. Experts compared such cases with traditional releases with a difference of 90 days in the same South Korea and in the USA, where the practice of early release of home versions is almost absent.

It turned out that the income from the sale of tickets to cinemas fell slightly – by about 0.8%. However, in general, studios and film distributors earn more in such conditions than with a traditional launch – in the first eight weeks, studio income increases by an average of 12%.

With early home release, another problem arises with the rise in piracy. But it has little effect on the situation, the researchers say: according to them, the fact is that people simply get access to pirated versions of paintings earlier, but the number of pirated downloads of the film does not increase. Therefore, it was not possible to detect any increase in the negative impact on the operation of film studios, the study said.

Overall, the results show that the film industry is on the right track, shortening the time between theatrical and home releases, which has a beneficial effect on both studio revenues and viewers’ mood. Nevertheless, it is too early to draw general conclusions, experts admit: the study was conducted for a rather specific set of films in one particular country. It is possible that longer and shorter delays, or their absence, may have a different impact. In addition, the problem of film piracy is not fully understood and more research is needed.

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One of the largest retail chains in India, Reliance Retail, began accepting digital rupees as part of a pilot project.

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One of the largest retail chains in India Reliance Retail

Major Indian retailer Reliance Retail has implemented support for digital rupee payments in one of its Freshpik stores and plans to expand this experience to all formats of the network.

One of the largest retail chains in India, Reliance Retail, began accepting digital rupees as part of a pilot project.

V Subramaniam, chief executive of Reliance Retail, noted that the adoption of a central bank digital currency (CBDC) is in line with the firm’s vision of providing “choice” to Indian consumers. The executive also emphasized that this initiative gives the firm the opportunity to offer an alternative payment method in its stores.

To make a purchase, customers only need to scan a QR code.

“Indians will get another efficient and secure alternative payment method” — said the top manager.

The deployment of CBDC was made possible through collaboration with ICICI Bank, Kotak Mahindra Bank and Innovative Technologies.

Plans for the country’s CBDC were laid out by the Reserve Bank of India (RBI) on October 7, 2022. The country’s central bank has identified various factors, including the potential positive and negative impact of the digital rupee on the country. According to the RBI, one of the motivations for creating a CBDC is to reduce the operating costs of managing cash.

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Overtaken by TikTok: ChatGPT has become the fastest growing online service in the world

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Overtaken by TikTok ChatGPT has become the fastest growing online

The ChatGPT neural network turned out to be the fastest growing online service in the world. It took only 2 months to reach an audience of 100 million people a month, Reuters reported. A similar figure for TikTok was reached in 9 months. The very same public version of ChatGPT was launched on November 30, 2022, and not even in all countries.

Overtaken by TikTok: ChatGPT has become the fastest growing online service in the world

Note that other online services, social networks or platforms have reached such a figure in only a few years.

Also today, OpenAI introduced ChatGPT Plus, a paid version of the chatbot for $20 per month. However, it is only available in the US and by appointment only.

And Microsoft plans to add a new GPT-4 language model to its Bing search engine, which hasn’t even been announced yet. In addition, the ChatGPT mobile application and a neural network for generating video by text queries are expected.

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Phones

A visual comparison of the sizes of cooling systems of all three Samsung Galaxy S23 smartphones with its predecessors

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A visual comparison of the sizes of cooling systems of

It seems that Samsung took into account the problems with the Galaxy S22 line of smartphones and did not repeat them in new devices when it comes to cooling systems.

Well-known insider Ice Universe has published a visual comparison of the approximate sizes of cooling systems in each flagship of the past generation and the new one.

A visual comparison of the sizes of cooling systems of all three Samsung Galaxy S23 smartphones with its predecessors

A visual comparison of the sizes of cooling systems of all three Samsung Galaxy S23 smartphones with its predecessors

As you can see, all systems have become noticeably larger, and in the younger model, instead of a graphite film, an evaporation chamber has appeared.

Whether this is enough for the new products not to overheat and not throttling so much, tests will show, but the performance, as we can already see, is really good. Recall that today we also saw a comparison of the Galaxy S22 Ultra and S23 Ultra cameras.

Ice Universe was the first to accurately talk about the new trend for smartphones with waterfall screens, about the notch in the iPhone X, about the new design of the iPhone 14 and about Samsung’s 200-megapixel image sensor.

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