Bloomberg
Apple Inc (NASDAQ: AAPL) eyes splurging $1 billion annually to produce movies likely for theatrical release to draw subscribers to its streaming service.
Apple has approached movie studios about partnering to release a few titles in theaters this year and a slate of more films in the future.
The list of potential releases includes Martin Scorsese’s Killers of the Flower Moon, which stars Leonardo DiCaprio; the spy thriller Argylle, from director Matthew Vaughn, and Napoleon, Ridley Scott’s drama about the French conqueror.
Toshiba Accepts $15B Acquisition Bid From JIP Group
Toshiba Corp (OTC: TOSYY) has reportedly accepted an acquisition offer from a Japanese consortium.
The company’s board approved a bid of $15.3 billion from a group led by private equity firm Japan Industrial Partners Inc. The offer price represents a 9.6% premium to Toshiba’s closing price on March 23.
The group comprises about 20 Japanese companies, including Orix Corp (NYSE: IX), Rohm Co, and Chubu Electric Power Co.
Wall Street Journal
Online content publishers see a threat from artificial intelligence technology’s capabilities since the arrival of chatbots capable of conversations, making up sonnets, and acing the LSAT.
Lately, publishing executives have begun examining the extent of their content use to “train” AI tools like ChatGPT to evaluate compensation and legal options.
Whether AI companies have the legal right to scrape content off the internet and feed it into their training models became a major debatable point.
Financial Times
Manchester United Attracts Record Takeover Bid From British Billionaire Jim Ratcliffe
British billionaire Sir Jim Ratcliffe’s bid could value England’s Manchester United Ltd (NYSE: MANU) Manchester United Football Club at a record of over £5 billion.
Ratcliffe, the founder of the Ineos chemicals empire, is contending against Qatari businessman Sheikh Jassim bin Hamad al-Thani for the takeover.
In 2021, Glazers said they would consider selling United as part of a strategic review involving raising capital or finding partners to invest in Old Trafford after Chelsea Football Club buyout for £2.5 billion.
Several investment firms are keen on bagging a minority stake in Manchester United.
British Chip Designer Arm Proposes To Charge More For Chip Designs To Boost Topline Ahead Of IPO
British chip designer …
