Author: rb809rb

  • Oregon AG Drops Demand For Records & Motion To Delay Paramount-Warner Bros. Discovery Merger

    Oregon AG Drops Demand For Records & Motion To Delay Paramount-Warner Bros. Discovery Merger

    UPDATED, with comment from AG: Oregon‘s attorney general has dropped a civil investigative demand for Paramount to turn over records related to its efforts to secure federal approval for its merger with Warner Bros. Discovery.

    Oregon Attorney General Dan Rayfield also had asked a state circuit court judge to order Paramount to turn over the materials and to delay Paramount’s closing of its proposed acquisition of Warner Bros. Discovery by 60 days so the documents could be reviewed. A hearing has been scheduled for Monday in Multnomah County Circuit Court.

    A Paramount spokesperson said, “We are pleased that the Oregon Attorney General has withdrawn its motion to delay this transaction. It was the right decision and avoids an unwarranted effort to delay a lawful, pro-competitive merger.

    “Antitrust authorities around the world have carefully reviewed this transaction, clearing it or concluding that it does not violate any competition laws. That regulatory record underscores what the facts, the law and the economics make clear: this transaction will create a stronger challenger to dominant global streaming and technology platforms, expand consumer choice, increase investment in premium content and theatrical distribution, and create more opportunities for creators and workers. We look forward to completing the transaction and delivering those benefits.”

    Jenny Hansson, communications director for Rayfield, said in a statement, “Paramount made it clear that they weren’t going to comply with the investigative demand, and that they think they’re above the law. We’re not going to let them waste Oregonians’ resources on these games. We’ve withdrawn the motion to consider our next steps.”

    California Attorney General Rob Bonta and other state attorneys general are said to be considering a legal challenge to the transaction.

    Rayfield sought Paramount records of lobbying of federal officials, as well as its role in a statement that the DOJ released in support of the transaction. The attorney general also sought documents “related to the formulation and execution of lobbying strategies aimed at obtaining regulatory approval of the proposed merger, which Respond as internally named ‘Project Warrior.’”

    In a court filing, Paramount has objected to the document requests, arguing, among other things, that they impose “burdens and demands which are disproportionate” to the Oregon investigation and are “of such marginal relevance that the value of any materials sought is outweighed by the burden imposed on Paramount in having to provide such information.”

    “Lobbying activities and related communications are wholly irrelevant to whether the proposed acquisition ‘violates Oregon’s antitrust laws,’” the company’s legal team wrote.

  • China Box Office: ‘Kung Fu Soccer’ Scores Massive $73.6 Million Opening

    China Box Office: ‘Kung Fu Soccer’ Scores Massive $73.6 Million Opening

    Shenzhen Film Studio’s sports comedy “Kung Fu Soccer” dominated the mainland China box office during the July 10–12 weekend, scoring a massive opening of RMB500.3 million ($73.6 million) in just two days of release, according to data from Artisan Gateway.

    Written and directed by Stephen Chow, the film marks his return to the sports comedy genre more than two decades after his classic “Shaolin Soccer.” Starring Zhang Xiaofei, Dilraba Dilmurat, and Lay Zhang, the narrative follows a grassroots Chinese women’s soccer team as they utilize physics-defying martial arts choreography to compete in a high-stakes tournament.

    Universal’s “Minions & Monsters” moved to second place in its second full weekend, adding $8.1 million to bring its cumulative Chinese haul to $32.4 million.

    Light Chaser Animation’s historical animated epic “Three Kingdoms: The Beginning” debuted in third place, drawing $4.7 million over the three-day frame to reach a cumulative total of $6.4 million including previews. Directed by Xie Junwei, the first entry in a planned trilogy reimagines the turbulent final years of the Eastern Han Dynasty. The narrative centers on the early careers and shifting dynamic between legendary figures Cao Cao and Yuan Shao as political corruption, peasant rebellions, and personal ambitions push the capital of Luoyang into absolute chaos.

    A24’s “Backrooms” secured fourth place, adding $3.2 million to push its cumulative gross to $21.8 million.

    Taopiaopiao’s satirical comedy “Keep Real” rounded out the top five, collecting $3 million in its sophomore weekend for a cumulative total of $18.5 million. Written and directed by Xing Wenxiong, the film stars Bai Jingting as Superman Wang Changhai, a superhero who is dispatched back to his hometown to form a combat squad. Facing a town where long-term peace has bred complex interpersonal networks and deep-rooted social courtesies, the naive hero must navigate high-stakes local etiquette and learn to develop his emotional intelligence with the help of a local branch director played by Wei Xiang.

    Mainland China’s overall weekend grosses reached $101.2 million, while the 2026 year-to-date revenue stands at $2.74 billion, down 38.6% from the same period in 2025.

  • Natalia Solórzano Vásquez’s ‘Spells to Revive a Witch,’ About Mythical Fortune Teller Soralla de Persia, Gets Backing from Spain, Uruguay (EXCLUSIVE)

    Natalia Solórzano Vásquez’s ‘Spells to Revive a Witch,’ About Mythical Fortune Teller Soralla de Persia, Gets Backing from Spain, Uruguay (EXCLUSIVE)

    Natalia Solórzano Vásquez’s upcoming “Spells to Revive a Witch” has found new partners in Spain’s Testaferro and Uruguay’s Guay Films. The hybrid documentary, headed to the Costa Rica Media Market, is produced by Costa Rica’s Sputnik Films. Mariana Murillo’s label has previously produced Sofía Quirós Ubeda’s Cannes-selected “Land of Ashes,” and it’s currently in post-production with the filmmaker’s follow-up, “Madre Pájaro.” 

    “Spells to Revive a Witch” marks the first collaboration between Natalia Solórzano Vásquez and the burgeoning Sputnik Films banner. Her debut feature, “Avanzaré tan despacio,” premiered at IDFA in 2019 and her short films have found success at the Costa Rica International Film Festival. Her latest project is a “casting call to embody” Costa Rican fortune teller Soralla de Persia, who rose to fame in the 1960s. The hybrid documentary will become a “stage” where “different women invoke her spirit through memories, interpretations, and personal experiences.” 

    Speaking with Variety, Solórzano Vásquez says she discovered Soralla “almost by accident” while researching women who had “appeared in Costa Rican media.” “I had never heard of her before, which immediately struck me. She had once been one of the most recognizable women in the country, yet she had almost completely disappeared from our collective memory.”

    “That absence became the starting point of the film,” she adds. “The more I searched for Soralla, the more I realized I was also searching for all the women whose lives slowly vanish because no one thought they were worth preserving.”

    Courtesy of Natalia Solórzano Vásquez

    The director says the fortune teller made her think about the women in her own family, who belonged “to the same generation but lived very different lives.” “She represents the possibility of reinventing yourself, but also the price women often pay for stepping outside the roles society has assigned to them.”

    Murillo, who has known Solórzano Vásquez since university, says she has “always been fascinated by her ability to observe and make us observe everyday life with a unique combination of tenderness, humor, and critical insight.” “Soralla’s story gave us the perfect excuse to work together and explore a female character through a deeply performative lens, guided by a feminist perspective and a conviction we have shared from the very beginning: who we are today is nothing more than a reflection of who we once were.”

    Asked about how she feels about making a film about memory in Latin America at a time when films broaching issues of both personal and collective memory in the region have found great international success, the director says memory “fascinates” her because “it is always incomplete.” “We tend to think of it as something that preserves the past, but it also transforms it.”

    “This film doesn’t try to reconstruct Soralla exactly as she was,” she notes. “It asks what happens when almost everything has disappeared, and only fragments remain. Those fragments live inside other people, and every time they are remembered, they become something slightly different. I’m interested in that fragile space where memory, imagination and lived experience coexist.”

    As for being a part of a strong generation of female filmmakers in Costa Rica — which has seen the rise of names such as Valentina Maurel and Sofia Quirós Ubeda — Solórzano Vásquez says she feels “very lucky” to belong to this noteworthy group. “Costa Rican cinema is still small, which means we know each other well and have grown alongside one another,” she adds. “There is an incredible diversity of voices, and many women are telling stories that simply hadn’t been told before. I think we’re less interested in representing an idea of Costa Rica than in questioning it, expanding it, and finding new cinematic languages to talk about who we are.”

    The “Spells to Revive a Witch” project has been developed through the Rueda Program of the Spanish Film Academy, CIMA Impulsa and Ventana Sur’s Proyecta.

    The Costa Rica Media Market runs July 14-15.

  • Progmat moves ¥452B in tokenized securities to Avalanche

    Progmat moves ¥452B in tokenized securities to Avalanche

    Progmat has completed the migration of its security-token platform from Corda 5 to a dedicated Avalanche Layer 1.

    The company said every active project on the platform moved to the new network. Those projects represent more than ¥452 billion in underlying assets and issued securities. The migration makes the platform’s security tokens compatible with the Ethereum Virtual Machine, or EVM. Progmat describes itself as Japan’s leading security-token platform by domestic market share.

    The company carried out the work under Project Keystone. Progmat redesigned the system so its business functions no longer depend on one blockchain. It added a mediator layer between applications and the ledger. The structure allows the platform to connect with other chains later while keeping its existing issuance, ownership and transfer processes. A dedicated Avalanche L1 can also use rules tailored to regulated financial products.

    Progmat, Japan’s largest STO platform, is now live on @avax

    “All ST projects (over 452 billion yen) are now EVM-compatible, achieving both financial institution-level requirements and the utilization of public chains.

    Rights transfers are accelerated 3-5 times faster than… https://t.co/xeMVc8EM8e

    — Justin Kim (@justinkim415) July 13, 2026

    Rights transfers become faster

    Progmat said the new setup processes rights transfers three to five times faster than the earlier system. Avalanche transactions reach finality in less than two seconds, according to the company.

    “Rights transfers are accelerated three to five times faster,” Progmat said.

    The speed figure comes from Progmat’s internal testing and has not been independently verified. Finality records a completed network transaction, but it does not cover every banking or administrative step around a trade.

    The company also moved its smart contracts from Java-based Corda code to Solidity-based EVM contracts. Progmat said it kept current functions and service requirements during the switch. It also said the migration caused minimal disruption for issuers. Existing users did not need to rebuild their products. EVM support gives developers access to Ethereum-based tools, but it does not make regulated securities freely available to public wallets.

    AvaCloud supports institutional controls

    AvaCloud supplies the dedicated Avalanche network and operating services. Progmat said the setup meets SOC 1 and SOC 2 Type II assurance standards. Progmat and Ava Labs also created a response system for outages during nights and holidays.

    The firms aim to meet the control and availability standards used by regulated financial companies. The network remains application-specific rather than operating as an unrestricted retail trading venue.

    AvaCloud chief executive Nick Mussallem called the transfer of more than ¥452 billion in regulated securities a test for institutional infrastructure. However, that assessment came from a company involved in the migration.

    Progmat has not released public transaction data showing how the new network performs during peak demand or across a large investor base. The company also has not announced new trading volumes tied directly to the change.

    Progmat prepares for cross-chain settlement

    The migration gives Progmat a base for planned links between security tokens, stablecoins and tokenized bank deposits. Datachain said in February that the partners plan cross-chain services for delivery-versus-payment and payment-versus-payment transactions.

    These systems would exchange assets and payments across different networks in one coordinated process. Progmat said its revised design can support more than one chain when asset features or investor needs differ.

    Elsrwhere, BlackRock’s BUIDL fund reached about $900 million on the network, while Avalanche’s distributed real-world assets stood near $2.10 billion.

    As crypto.news reported, Progmat will support a Metaplanet and JPYC study into Bitcoin-backed digital credit. That project remains under review, with no issued product or fixed terms. Securitize also placed its listed shares on Avalanche and Solana in July.

  • Korea Box Office: ‘Moana’ Captures Crown While ‘The Eyes’ Retains Second Place

    Korea Box Office: ‘Moana’ Captures Crown While ‘The Eyes’ Retains Second Place

    Disney’s live-action reimagining “Moana” sailed straight to the top of the South Korean box office during the weekend of Jul. 10–12.

    According to data from KOBIS, the tracking service operated by the Korean Film Council, the film generated $3 million from 403,931 admissions over the three-day frame, securing a 36.53% share of the weekend market. Since its wide rollout on July 8, the film has accumulated a cumulative gross of $3.7 million from 511,471 total admissions.

    Local suspense thriller “The Eyes” held its ground in second place, pulling in $1.8 million from 257,816 admissions. Directed by Yeom Ji-ho and starring Shin Min-ah and Kim Nam-hee, the remake of the Spanish feature “Julia’s Eyes” has now pushed its cumulative haul to $8.7 million from 1,277,263 total viewers.

    “Toy Story 5” moved to third place, collecting $1.7 million from 238,520 admissions, bringing its South Korea cume to $17.6 million from 2,580,319 total tickets since its mid-June premiere.

    The faith-based animated musical “David” debuted in fourth place, capturing $390,901 from 57,675 admissions over the three-day window. Including previews, the film has brought its early local cume to $493,014 from 75,469 viewers.

    Long-running action-horror powerhouse “Colony” took fifth place, generating $275,526 from 37,008 admissions over the weekend frame. Directed by Yeon Sang-ho and starring Jun Ji-hyun, Koo Kyo-hwan, and Ji Chang-wook, the viral hive-mind thriller has reached a cumulative haul of $41.4 million from 5,914,322 total admissions since launching on May 21.

    “Marty Supreme” placed sixth on the chart, adding $110,163 to its ledger for a gross of $723,165, while 1990s retro music comedy “Wild Sing” took seventh place, pulling in $72,357 to take its total to $8.5 million.

    The Japanese animated adventure “Doraemon the Movie: New Nobita and the Castle of the Undersea Devil” held the eighth position with $82,132 over the frame to land at a cume of $360,752.

    Plus M Entertainment’s highly anticipated epic science fiction thriller “Hope” placed ninth, capturing $101,311 from 10,146 preview admissions ahead of its upcoming wide release. Directed by Na Hong-jin and boasting a star-studded international ensemble that includes Hwang Jung-min, Zo In-sung, Jung Ho-yeon, Michael Fassbender, and Alicia Vikander, the film chronicles a rural community facing an extraterrestrial threat, and has a preliminary total of $106,628.

    Rounding out the bottom rung of the top 10 was “Backrooms,” which generated $65,575 over the three-day window to lift its lifetime cume to $8.5 million from 1,209,069 admissions.

    The overall market collective gross for the weekend was $8.2 million, up from last week’s $7.3 million.

  • Japanese Financial Giant SBI Holdings Accelerates Cryptocurrency Investments! Here Are the Companies They Invested In

    Japanese Financial Giant SBI Holdings Accelerates Cryptocurrency Investments! Here Are the Companies They Invested In

    SBI Holdings, one of Japan’s leading financial groups, has drawn attention in recent months with its multi-billion dollar investments in cryptocurrencies. In just the last few weeks, the company was the sole investor in Gauntlet’s $125 million Series C funding round and also participated in EDX Markets’ $76 million Series C funding.

    In addition to agreeing to acquire Japanese cryptocurrency exchange Bitbank for approximately $289 million, SBI also acquired a controlling stake in Singapore-based Coinhako earlier this year.

    SBI also invested in Digital Asset’s $355 million funding round, Morpho’s $175 million token funding, and Circle’s $222 million token presale for its Arc blockchain. Last month, it launched JPYSC, Japan’s first yen stablecoin backed by a trust bank.

    According to company officials, the common goal of these investments is to build an end-to-end “onchain finance” ecosystem. SBI aims to offer all financial services on the blockchain, from exchanges and asset tokenization to payment infrastructure and digital asset management. The company predicts that the token economy will soon become mainstream and that a large portion of financial transactions will take place on the blockchain in the future.

    Experts believe that SBI is not only investing in crypto assets, but also acquiring the financial infrastructure of the future. Joseph Goh, Areta’s Asia Pacific President, states that SBI aims to be the first Asian financial group to integrate issuance, custody, trading, payments, and asset management under one roof.

    One of the key reasons behind SBI’s aggressive strategy is Japan’s comprehensive reforms in cryptocurrency regulation. The new bill aims to classify crypto assets as financial instruments, pave the way for exchange-traded funds (ETFs), and reduce capital gains tax from 55% to 20%. Analysts believe that a clearer regulatory framework could encourage not only SBI but also other major financial institutions in Asia to accelerate their investments in digital assets.

    *This is not investment advice.

  • Bitmine Chairman Tom Lee Announces Ethereum Price Has Hit Rock Bottom!

    Tom Lee, Chairman of Bitmine (BMNR), argued that Ethereum ($ETH) has bottomed out at its current price levels and is preparing for a strong recovery. Speaking at the WebX 2026 conference in Tokyo, Lee compared Ethereum’s current outlook to the recovery of the US stock market following the 1987 stock market crash.

    According to Lee, there are striking similarities between Ethereum’s price chart and the movement of the S&P 500 index after 1987. The renowned investor noted that the S&P 500 entered a strong uptrend after a sharp decline, suggesting that Ethereum is similarly at a significant low point and has the potential to move upwards in the coming period.

    Tom Lee stated that the recent weak performance of Ethereum’s price has worried many investors, but they are ignoring the long-term fundamental dynamics of the market. He specifically noted the growing institutional adoption, particularly from Wall Street, but argued that the increasing interest of traditional financial institutions in the Ethereum ecosystem has not yet been fully reflected in prices.

    According to him, while the current low prices are influenced by investor psychology, institutional demand is considered to be a significant support factor for $ETH in the long term.

    Lee also touched upon the major macroeconomic factors that could affect Ethereum and the overall cryptocurrency market in 2026. Key issues Lee highlighted as needing close monitoring included the Federal Reserve’s (Fed) monetary policy, the Clarity Act (expected to establish a regulatory framework for the crypto sector in the US), the impact of AI investments on capital flows, and the financial sector’s weaker performance compared to other sectors.

    Market experts say Ethereum’s future performance will depend not only on technical indicators but also on institutional investor interest, regulatory developments, and global macroeconomic conditions. Nevertheless, Lee maintains that current levels present a significant opportunity for long-term investors.

    *This is not investment advice.

  • Oregon AG Drops Demand For Records & Motion To Delay Paramount-Warner Bros. Discovery Merger

    Oregon AG Drops Demand For Records & Motion To Delay Paramount-Warner Bros. Discovery Merger

    UPDATED, with comment from AG: Oregon‘s attorney general has dropped a civil investigative demand for Paramount to turn over records related to its efforts to secure federal approval for its merger with Warner Bros. Discovery.

    Oregon Attorney General Dan Rayfield also had asked a state circuit court judge to order Paramount to turn over the materials and to delay Paramount’s closing of its proposed acquisition of Warner Bros. Discovery by 60 days so the documents could be reviewed. A hearing has been scheduled for Monday in Multnomah County Circuit Court.

    A Paramount spokesperson said, “We are pleased that the Oregon Attorney General has withdrawn its motion to delay this transaction. It was the right decision and avoids an unwarranted effort to delay a lawful, pro-competitive merger.

    “Antitrust authorities around the world have carefully reviewed this transaction, clearing it or concluding that it does not violate any competition laws. That regulatory record underscores what the facts, the law and the economics make clear: this transaction will create a stronger challenger to dominant global streaming and technology platforms, expand consumer choice, increase investment in premium content and theatrical distribution, and create more opportunities for creators and workers. We look forward to completing the transaction and delivering those benefits.”

    Jenny Hansson, communications director for Rayfield, said in a statement, “Paramount made it clear that they weren’t going to comply with the investigative demand, and that they think they’re above the law. We’re not going to let them waste Oregonians’ resources on these games. We’ve withdrawn the motion to consider our next steps.”

    California Attorney General Rob Bonta and other state attorneys general are said to be considering a legal challenge to the transaction.

    Rayfield sought Paramount records of lobbying of federal officials, as well as its role in a statement that the DOJ released in support of the transaction. The attorney general also sought documents “related to the formulation and execution of lobbying strategies aimed at obtaining regulatory approval of the proposed merger, which Respond as internally named ‘Project Warrior.’”

    In a court filing, Paramount has objected to the document requests, arguing, among other things, that they impose “burdens and demands which are disproportionate” to the Oregon investigation and are “of such marginal relevance that the value of any materials sought is outweighed by the burden imposed on Paramount in having to provide such information.”

    “Lobbying activities and related communications are wholly irrelevant to whether the proposed acquisition ‘violates Oregon’s antitrust laws,’” the company’s legal team wrote.

  • Jay-Z Addresses Three-Hour Delay at Yankee Stadium Concert, Says He Wanted to Avoid Fans Getting “Trampled”

    Jay-Z Addresses Three-Hour Delay at Yankee Stadium Concert, Says He Wanted to Avoid Fans Getting “Trampled”

    After fans waited more than three hours for the finale in Jay-Z‘s three-night stand at Yankee Stadium on Sunday, the rapper addressed the extensive delay early in the show, telling those in the crowd there were thousands of people outside and that the show was pushed back to back to avoid crowd safety issues.

    “Let me explain the delay to you guys,” Jay said after finally kicking off the show after midnight eastern Monday. “It was like 10,000 people outside, and we closed all the doors, and somebody rushed the door. They closed the door for you guys’ safety and everyone’s safety outside. There’s 10,000 people outside; I don’t want to start the music and people get trampled. I’m really sorry for the inconvenience, but I had to make sure everyone was OK. I appreciate your patience.”

    The delay marked a rocky start for what had been the most hotly-anticipated of Jay-Z’s historic three-night hometown stand at Yankee Stadium. Fans had been anxiously awaiting what the hip-hop icon had in store after already bringing out Beyoncé, Nas and Alicia Keys during night one and Eminem for night two.

    Concerts have been a bit of a rarity for Jay-Z since wrapping his 4:44 Tour back in 2017. The Yankee Stadium shows are a full-circle moment for him, a celebration of the 30th anniversary of his seminal album Reasonable Doubt and the 25th anniversary of The Blueprint. This third night’s show, which he’s calling the Extra Innings Show, has already featured Teyana Taylor and Usher.

    While the Yankee Stadium concerts have extra meaning taking place in his hometown, Jay will also be performing in London, Paris and Los Angeles in the months ahead. He’s also the subject of a Rick Rubin-directed docuseries set to hit HBO this fall.

  • John Mulaney Makes History in Chicago, Brings Out David Letterman, Fred Armisen and Richard Kind

    John Mulaney Makes History in Chicago, Brings Out David Letterman, Fred Armisen and Richard Kind

    John Mulaney made history in Chicago.

    The comedian became the first comedian to ever perform at Wrigley Field, home of the Chicago Cubs, on Saturday night. And the hometown hero did it in front of a sold-out crowd by bringing some of his famous friends along for the monumental night.

    “How did this happen?” asked a bearded David Letterman as he took center stage to wild cheers and applause. “What, are the Beatles here tonight, ladies and gentlemen? This makes that Taylor Swift wedding look like a student film.”

    Letterman wasn’t the only surprise Mulaney had in his back pocket for the Mister Whatever tour stop. He invited Chicago blues legend Buddy Guy as an opener, and the 89-year-old played a short set while audience members took their seats. Guy is currently on tour himself with stops this month in Toronto, New York, Michigan, Kansas and Missouri.

    Richard Kind, Mulaney’s longtime good friend and sidekick on the Netflix live variety talk show Everybody’s Live With John Mulaney, acted as the night’s emcee and appeared on stage with a “Mayor” sash. Kind welcomed Mulaney’s pal and former Saturday Night Live colleague Fred Armisen, who performed a comedy set that featured some musical numbers.

    Then came Letterman who had the task of welcoming Mulaney to the stage. The two had spent some quality time together recently as Mulaney appeared as a guest at Letterman’s May show at Hollywood’s Montalban Theatre as part of the Netflix is a Joke Festival. Before that, Letterman had also appeared on Mulaney’s Everybody’s Live.

    Mulaney delivered a well-received and lengthy set — he “blew the non-existent roof off Wrigley Field,” praised Slash Film’s Ethan Anderton — that featured anecdotes about his life with wife Olivia Munn and their two children, Malcolm and Mei, and the beauty of their family.

    For months ahead of the performance, Mulaney had been teasing the stop. “I’m very unabashedly excited about it,” he told Jimmy Kimmel during a stop on his late night talk show. He also joked to Jenna Bush Hager and guest host Matt Rogers during a Today show stop that “if the wind is right in Wrigleyville,” the sound from the show will carry to surrounding streets. And per a video shared on TikTok, he was right.

    When it was all said and done, Mulaney seemed floored by the scene. “Every Chicago thing in me tells me to stop bowing, but I’m going to enjoy the moment,” he said as he closed the show. “Thank you very much for being with us tonight. Another round of applause please for Fred Armisen, Buddy Guy, Richard Kind and Ball State’s David Letterman. Words can’t describe how cool this is.”

    Mulaney’s Mister Whatever tour rolls on through 2027. See below.