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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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Saleah Blancaflor

Drake whiffs on an expected No. 1 on Spotify

Drake started at the bottom and he’s here, but not quite at the top... of Spotify, at least.

It’s been nearly three weeks since Drake dropped his three surprise albums — “Iceman,” “Habibti,” and “Maid of Honour.” Heading into the month, prediction markets were rating it a near certainty, a 98% chance, that Drake’s sonic onslaught was enough to snag the No. 1 slot on Spotify at least once in June.

But, while he surpassed the late Michael Jackson and took up three slots on the Billboard album chart at once, his newly released songs haven’t quite cracked the popular music-streaming platform’s top charts, and market seem to think the moment has passed.

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(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

Spotify’s “Top Songs - Global” chart currently show that Jackson’s “Billie Jean,” which is more than four decades old, Justin Bieber’s “Beauty and a Beat,” which climbed back to the top of Spotify charts following his Coachella set in the spring, Olivia Rodrigo’s new angsty love song “The Cure,” and BTS’s “Swim” are all ahead of Drake’s “STFU Janice” from his “Iceman” album.

While Spotify previously reported last month that Drake’s “Make Them Cry” was the most streamed album in a single day this year, that was later revealed to be a data error.

Prediction markets currently show traders are betting there’s only a 15% chance Drake will have a No. 1 song on Spotify in June.

Meanwhile, Taylor Swift is in the lead at 98% — a day before the release of her new original song “I Knew It, I Knew You,” which she wrote and performed for Disney and Pixar’s upcoming “Toy Story 5” — followed by Olivia Rodrigo, whose highly anticipated album “You Seem Pretty Sad for a Girl So in Love” comes out next Friday.

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(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

Spotify’s “Top Songs - Global” chart currently show that Jackson’s “Billie Jean,” which is more than four decades old, Justin Bieber’s “Beauty and a Beat,” which climbed back to the top of Spotify charts following his Coachella set in the spring, Olivia Rodrigo’s new angsty love song “The Cure,” and BTS’s “Swim” are all ahead of Drake’s “STFU Janice” from his “Iceman” album.

While Spotify previously reported last month that Drake’s “Make Them Cry” was the most streamed album in a single day this year, that was later revealed to be a data error.

Prediction markets currently show traders are betting there’s only a 15% chance Drake will have a No. 1 song on Spotify in June.

Meanwhile, Taylor Swift is in the lead at 98% — a day before the release of her new original song “I Knew It, I Knew You,” which she wrote and performed for Disney and Pixar’s upcoming “Toy Story 5” — followed by Olivia Rodrigo, whose highly anticipated album “You Seem Pretty Sad for a Girl So in Love” comes out next Friday.

Pokemon cards

GameStop’s collectibles business just keeps booming, as “Pokémon” cards continue to fly

Collectibles revenue grew 65% year over year in its latest quarter.

culture
Saleah Blancaflor

Will critics and audiences go out of this world for Steven Spielberg’s “Disclosure Day”?

Legendary director Steven Spielberg is back with his first film in four years.

While 2022s Oscar-nominated The Fabelmans was a semi-autobiographical film, it looks like hes back to his sci-fi roots with the upcoming release of Universal Pictures Disclosure Day.

The movie stars Emily Blunt, Josh O’Connor, Colin Firth, Eve Hewson, and Colman Domingo, and follows a cybersecurity whistleblower (O’Connor) and meteorologist (Blunt) who work together to uncover government secrets and expose the truth about extraterrestrial life.

Some first reactions out of early screenings shared on social media have been praising the film so far. Germain Lussier, a senior entertainment reporter at Gizmodo, posted on X that the movie is Spielberg’s “best film in 20 years,” while many have praised Blunt’s performance as one of her best. Others have said it is reminiscent of the filmmaker’s other sci-fi classics like “Close Encounters of the Third Kind” and “E.T. the Extra-Terrestrial.”

To be considered “fresh,” movies have to receive at least 60% on Rotten Tomatoes. While the global embargo for formal reviews doesn’t lift until Tuesday, June 9, at 12 p.m. ET following more advance screenings in Los Angeles, New York, and other cities ahead of the June 12 release date, traders on prediction markets are currently betting there is a 68% chance that the movie will score above 85% on the site.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

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The movie stars Emily Blunt, Josh O’Connor, Colin Firth, Eve Hewson, and Colman Domingo, and follows a cybersecurity whistleblower (O’Connor) and meteorologist (Blunt) who work together to uncover government secrets and expose the truth about extraterrestrial life.

Some first reactions out of early screenings shared on social media have been praising the film so far. Germain Lussier, a senior entertainment reporter at Gizmodo, posted on X that the movie is Spielberg’s “best film in 20 years,” while many have praised Blunt’s performance as one of her best. Others have said it is reminiscent of the filmmaker’s other sci-fi classics like “Close Encounters of the Third Kind” and “E.T. the Extra-Terrestrial.”

To be considered “fresh,” movies have to receive at least 60% on Rotten Tomatoes. While the global embargo for formal reviews doesn’t lift until Tuesday, June 9, at 12 p.m. ET following more advance screenings in Los Angeles, New York, and other cities ahead of the June 12 release date, traders on prediction markets are currently betting there is a 68% chance that the movie will score above 85% on the site.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

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