This week some of the most powerful executives, actors and creatives in Hollywood will descend on Manhattan to make their annual programming pitch to advertisers: a boozy extravaganza with $20bn at stake. The “upfronts” are a vestige of an entertainment world once dominated by analogue television, lavish commercials and fresh seasons of hit shows released each autumn. The rise of Netflix, which was staunchly against running advertisements, broke that model. Read More...
Reuters
Oil prices slide as investors take profit; supply fear still looms
Oil prices fell on Monday, paring early gains as investors took profit from a surge in the previous session, albeit in the shadow of supply fear as the European Union prepares an import ban on Russian crude and with limited increase in OPEC output. Brent crude futures were down $1.66, or 1.5%, at $109.89 a barrel at 0356 GMT, while U.S. West Texas Intermediate (WTI) crude futures dropped $1.55, or 1.4%, to $108.94 a barrel. Both benchmarks, which jumped about 4% last Friday, earlier climbed by more than $1 a barrel, with WTI reaching its highest since March 28 at $111.71.
