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Showing posts with the label Entertainment Lawyer Entertainment Attorney Los Angeles Entertainment Lawyer Los Angeles

AI: Can Actors and Studios Reach a Deal?

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AI: Can Actors and Studios Reach a Deal? The AI era is here, whether or not we saw it coming. Is it possible to strike a balance that protects talent without stifling technological innovation? While many of the hardcore AI tech firms would have us believe replacement is the only AI future, keen to push their products to market prominence fast, SAG-AFTRA have switched to a different approach- augmentation, not replacement. Is that truly the meeting point where actors keen to protect their roles and studios enslaved by the need to post ever-increasing profits can find common ground? Our local expert and entertainment lawyer Los Angeles from Blake & Wang P.A, Brandon Blake, tackles this thorny issue in more depth.                                                                 Brandon Blake Deep Fakes and De-Aging: A Surprising...

Cinemark stock rises again as Q2 losses narrow

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  It’s unusual for an overall loss to stimulate positive market interest, but with Cinemark Holdings announcing a narrowed loss for their new Q2 period, the market has seen reason to take another look at the beleaguered chain. Brandon Blake analyzes this strange market shift. It’s no secret that the theater industry has been one of the hardest hit by global shutdowns through the 2020 period. The newly-announced Q2 loss of $142.5M still represents an improvement on the $170.4M reported for Q2 2020. Likewise, overall revenue has risen to $294.7M, vs $9M at the same point last year. Breaking these figures down further, we see $153.5 from direct admissions, and $109.8 concessions, and 19.1 million patrons in attendance. Not too bad from an industry hit so badly by pandemic closures. Overall, this second-quarter recovery is somewhat more accelerated than previously predicted, too. The North American Box Office itself has tripled from the first quarter. Cinemark is also keen to show the...