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Australian script screen spending breaks records again, peaking at $2.29 billion

The 32nd annual Drama Report from Screen Australia was released today. The increase is being driven by a record amount spent on Australian theatrical

The 32nd annual Drama Report from Screen Australia was released today. The increase is being driven by a record amount spent on Australian theatrical movies. Spending on international films and TV/VOD was cut in half, from $511 million to $251 million. Graeme Mason, CEO of Screen Australia, called it a amazing milestone for the industry. Foreign productions shot in Australia reached a new high of $777 million last year, led by Ticket to Paradise and Joe vs Carole. The total spend on foreign production fell from last years record of $445 million to $445 million, but remains healthy in comparison to the fiveyear average. Read More..

B2B Tech News | 2 years ago        

Coupangs video streaming arm will be shut down in Singapore and Seoul

Coupang Play, a South Korean subscriptionbased videostreaming service operated by ecommerce player Coupang, is searching for new employees. The compan

Coupang Play, a South Korean subscriptionbased videostreaming service operated by ecommerce player Coupang, is searching for new employees. The company has been developing a content library that includes TV shows, movies, live sports, kids shows, and educational items. Coupang just reported an operating profit of US$77 million in the third quarter, its first ever. Read More..

B2B Tech News | 2 years ago        

Elon Musk sells $3.95 billion worth of Tesla shares

Elon Musk, who paid $44 billion for Twitter, sold 19.5 million shares of the electric vehicle manufacturer between November 4 and November 8. Since Ap

Elon Musk, who paid $44 billion for Twitter, sold 19.5 million shares of the electric vehicle manufacturer between November 4 and November 8. Since April, Musk has sold shares of Tesla stock totaling more than $19 billion. According to Forbes, his personal net worth fell below $200 billion on Tuesday, although he is still the richest man in the world. Read More..

B2B Tech News | 2 years ago        

COP27 IMF calls for smart climate investments in Africa

The managing director of the International Monetary Fund stated on Tuesday that investing in the lowcarbon economy can generate jobs and that climate

The managing director of the International Monetary Fund stated on Tuesday that investing in the lowcarbon economy can generate jobs and that climate change can present great prospects for the African private sector. Climaterelated catastrophes including droughts, floods, and coastal erosion have a disproportionately negative impact on Africa, according to Kristalina Georgieva. Speaking in Egypt, which is hosting the COP 27 climate summit, Georgieva claimed that doing this increases the risk of famine, causes hunger, and even creates insecurity for the continent and the rest of the globe as well. Read More..

B2B Tech News | 2 years ago        

Ithaca Energy shares fall after Britains biggest IPO this year

After the North Sea oil and gas producer braved choppy markets to deliver Britains largest initial public offering IPO this year, UK Ithaca Energy sha

After the North Sea oil and gas producer braved choppy markets to deliver Britains largest initial public offering IPO this year, UK Ithaca Energy shares fell on their London debut on Wednesday. The shares initially traded at 2% below the issue price of 250 pence per share and momentarily dropped as much as 4% to a low of 240.05 pence before climbing back up to 246.35 pence. The panEuropean STOXX 600 .STOXX was down 0.09% at the same time. Read More..

B2B Tech News | 2 years ago        

Victory Offices appoints volunteer directors but maintains company solvency

The ASXlisted Victory Offices VOL has voluntarily went into administration. The corporation attributes its demise to COVID19s effects on its business

The ASXlisted Victory Offices VOL has voluntarily went into administration. The corporation attributes its demise to COVID19s effects on its business operations. Although the corporation insists that it is currently solvent, it warns that it is likely to go insolvent at some point in the future. In July 2021, three offices were also closed to the company on suspicion of overdue rent and related interest. Read More..

B2B Tech News | 2 years ago        

Vaxxas in Brisbane to initiate clinical trials for needlefree COVID vaccine technology

Vaxxas, a Brisbanebased needlefree vaccine patch pioneer, has announced the start of a Phase I clinical trial of its technology to inoculate against C

Vaxxas, a Brisbanebased needlefree vaccine patch pioneer, has announced the start of a Phase I clinical trial of its technology to inoculate against COVID19. The clinical trial of its proprietary highdensity microarray patch HDMAP technology will take place at the University of Sunshine Coasts Sippy Downs clinical research facility, marking a significant milestone for the research firm. Vvaccxas will seek regulatory approval to make the vaccine patch available as early as 2025 if the clinical study and subsequent Phase II and III studies are successful. Read More..

B2B Tech News | 2 years ago        

Mytraffic completes a fundraising of 30 million euros for BI in stationary

Mytraffic is a Parisbased supplier of digital intelligence for brickandmortar that meets the standards of online analytics. The worlds largest insurer

Mytraffic is a Parisbased supplier of digital intelligence for brickandmortar that meets the standards of online analytics. The worlds largest insurer, AXA, contributes €30 million to a Bstage financing managed by AXA Venture Partners. Refinements to Mytraffics locational intelligence stack will be funded by a twoyear employment drive. Mytraffic plans to increase its focus on hiring European employees by adding 20 senior hires to its five main offices. The objective is to secure a market position in location insights, which is anticipated to reach a value of €10 billion this year in just Europe. Alven made supporting contributions in order to support AXAs series B lead investment. Read More..

B2B Tech News | 2 years ago        



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1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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