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Spooky season: Horror movies are having a good year

Spooky season: Horror movies are having a good year

2021 keeps it scary

We're not talking about inflation or the pandemic here, but the fact that horror movies are having their best (relative) year for a long time.

Data from The Numbers reveals that horror movies are responsible for almost 18% of box office receipts in the US this year, way above the average of 5% from the last 20 years.

Box office hits like A Quiet Place: Part II, Candyman, Halloween Kills and the third movie in The Conjuring series have all propelled horror to its highest ranking in the box office in years.

That horror movies are doing so well during the pandemic is perhaps no surprise. If you're into being scared on a regular basis, the experience is presumably more intense at a proper cinema than it is at home. That's not necessarily as true for other genres.

Horror movies are also often surprisingly profitable. Low budget breakout hits like Paranormal Activity — which had a budget of just $15k and went on to gross $100m+ in cinemas — are just way more common in horror than in other genres.

As we head into Halloween, horror is probably only going to climb further up the ranks. Spooky season indeed.

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Starbucks sells control of China business for $4 billion

Starbucks disclosed on Monday evening in a regulatory filing that it will sell control of its ailing China business to Boyu Capital for about $4 billion.

Under the agreement, Boyu will own a 60% stake in the China segment, which will become a joint venture between Boyu and Starbucks. The coffee chain will retain a 40% interest in the entity and will continue to own and license the brand and intellectual property.

Bloomberg reported earlier this year that the company was looking to sell its China segment. The American coffee giant has struggled to succeed in China, its second-largest market after the US.

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John Wayne Airport in Orange County tops the list of North America’s favorite airports

Despite a record year of passenger numbers, flight cancellations, and delays, a new survey has revealed that flyers have been increasingly satisfied about their experiences in North American airports. 

According to this year’s North America Airport Satisfaction Study from data analysts at J.D. Power, overall passenger satisfaction scores were up 10 points (on a 1,000-point scale), largely from “improvements in food, beverage and retail and ease of travel through the airport.” The annual survey measures overall traveler satisfaction across the region’s airports in seven categories (in order of importance): ease of travel, level of trust, terminal facilities, airport staff, airport departure experience, food and retail, and airport arrival experience.

Here are the regions favorites:

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