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Stoppage time: Millions of workers walked out in 2023

Stoppage time: Millions of workers walked out in 2023

Stoppage time

While robots have been rising up, American workers have been increasingly downing tools this year: strikes and lockouts have blighted multiple major American industries, with several high-profile wins for trade unions commanding, among other stipulations, protection from AI, better benefits, and bigger pay packets.

Stoppage time: Millions of workers walked out in 2023

The unions strike back

Even though private-sector union membership has been plummeting for decades, with just 6% of American workers belonging to an organized group last year, data from the Labor Department reveals that October 2023 saw more days lost to work stoppages than any single month since the early 1980s.

The 4.4 million days lost to stoppages in October alone — calculated using the number of workers involved in strikes/lockouts multiplied by the total workdays that each stoppage stretched over — added to an already massive year for striking in the US, totaling ~17 million workdays lost days as of November. Even Hollywood didn’t escape strike fever: the 4-month-long WGA/SAG-AFTRA strikes, the first joint writers-and-actors strike in 60 years and the longest actors’ strike in history, was estimated to have cost California’s economy almost $5bn.

Barbio

Even with strike-imposed restrictions on some movie promotions in the latter half of the year, moviemakers had a solid 2023 all told, with a few serious standouts.

Stoppage time: Millions of workers walked out in 2023

Paint it pink

This year, the box office got all dolled up, with Barbie running away to become the highest-grossing movie of 2023, taking a staggering $636 million in the US, more than $1.4 billion worldwide, and breaking several cinematic records in the process.

There were other familiar faces leading this year’s movie rankings, with Super Mario, Spider-Man, and Guardians of the Galaxy all smashing it on the silver screen. Christopher Nolan’s Oppenheimer — the film that, alongside Barbie, delivered a notable boost to the US box office when the movies debuted on the same weekend in July — rounded out the top 5, taking $326 million in 150 days.

In recovery

While the box office may still be suffering a little from an ongoing case of sequelitis, with at least 6 of the top 10 films of 2023 being out-and-out reboots or follow-ups, the symptoms aren’t as intense as they were when we wrapped up the state of cinema in 2022. Domestic theater takings are recovering more generally too, with nearly $8.5 billion grossed so far in 2023 — the healthiest showing since the pandemic, according to Box Office Mojo numbers.

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Luke Kawa

Thieves are targeting “Pokémon” cards in robberies since they’ve skyrocketed in value

A real-life mishmash of different Team Rocket wannabes is having a lot more success thieving “Pokémon” cards than Jessie and James ever did in their attempts to pilfer Pikachu throughout the anime series.

The Washington Post reports on a string of DC-area heists of “Pokémon” cards, with CGC Cards Vice President Matt Quinn quoted as saying, “Any time you’re carrying around collectibles that are worth money, whether it be gold bars, Pokémon cards, coins, toy trains, or whatever it might be, you have to be vigilant with knowing that you’re carrying collectibles that can be easily stolen from you,” adding that these episodes are happening across the country.

Gotta thieve ’em all is an outgrowth of the massive boom in the value of “Pokémon” cards, with The Wall Street Journal reporting on 3,000% returns earlier this year. Their meteoric rise has been a big boon to GameStop, whose collectibles business has played a critical role in the stabilization and nascent turnaround of its operations.

Both individual cards and unopened packs have been targeted in robberies of stores and personal residences, per the Post report.

Stealing unopened packs of “Pokémon” cards is effectively thieving and buying call options at the same time: an individual pack might not be worth much on its own, but the most valuable cards in the recently released Mega Evolutions set are going for over $1,000. And at about 23 grams per pack and relative differences in security, the logistics seem a lot less onerous than trying to rob a gold dealer.

(Note: I don’t know for sure. I’m not a thief, besides that Klondike bar one time in high school.)

culture

iHeartMedia surges on report Netflix, competing with YouTube, wants its video podcasts

Video podcasts are becoming a key part of Netflix’s efforts to keep pace closely behind YouTube in the streaming wars.

According to reporting by Bloomberg, the streamer is in talks to exclusively license video pods from iHeartMedia. Shares of IHRT surged on Tuesday morning.

Under the deal, iHeartMedia, which produces shows like “Las Culturistas,” “The Breakfast Club,” and “Jay Shetty Podcast,” would reportedly stop posting full episodes on YouTube — the site that more than a billion people use to watch podcasts every month.

Netflix made a similar deal with Spotify last month and will begin streaming 16 video podcasts produced by Spotify Studios early next year.

According to the Nielsen Gauge, YouTube pulled in 12.6% of all TV viewership in September, compared to 8.3% for Netflix.

Under the deal, iHeartMedia, which produces shows like “Las Culturistas,” “The Breakfast Club,” and “Jay Shetty Podcast,” would reportedly stop posting full episodes on YouTube — the site that more than a billion people use to watch podcasts every month.

Netflix made a similar deal with Spotify last month and will begin streaming 16 video podcasts produced by Spotify Studios early next year.

According to the Nielsen Gauge, YouTube pulled in 12.6% of all TV viewership in September, compared to 8.3% for Netflix.

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