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...Struggling cinema operators are looking to Dune: Part Two, the sci-fi epic opening this weekend starring Timothée Chalamet and Zendaya, to breathe life into the box office after a lacklustre holiday season...
...Buying Worldpay was “a deal FIS had to do” we wrote, in a note in 2019. Hardly. The market value of FIS peaked at almost $100bn in 2019....
...Meanwhile, Wall Street has begun taking a sceptical view of the previously go-go fintech industry. FIS specialises in back office payment processing software for banks....
...FIS bought Worldpay in 2019 as a wave of consolidation hit the payments industry and it sought to expand its footprint in the payments industry....
...What looks like a pair of sci-fi ski googles is, in fact, a sophisticated wearable computer....
...Red Flags Studios and video platforms lined up to finance a sci-fi project made by little-known filmmaker Carl Rinsch....
...Scale, scale, scale The payments industry had rapidly changed in the years before FIS bought Worldpay....
...FIS said on Monday that the tax-free split it was pursuing would unlock shareholder value, contrasting arguments made when it combined the groups that “scale matters in our rapidly changing industry”....
...FIS employed a similar strategy in July, selling a majority stake in Worldpay to US buyout firm GTCR while keeping a 45 per cent stake in the business valued at $18.5bn....
...“Scale matters in our rapidly changing industry,” stated Gary Norcross, chairman, president and chief executive officer, FIS....
...Worldpay, which provides merchants with payments technology, will leverage up to do lots of M&A, as it must in a fast-changing industry....
...“But that was a good thing, because it gave him a healthy disrespect for the financial industry and the audacity to eventually start what became PayPal.”...
...Earlier that year, its competitor Fiserv purchased First Data in a $39bn deal, amid a wave of consolidation in the fragmented digital payments industry....
...(Gillian Tett and Patrick Temple-West) Few parts of the financial sector have been more controversial than the private equity industry....
...Some industry watchers are expecting a lengthy strike....
...But the weakest and second largest of these legacy players, Worldpay, will probably make big efforts to catch up after it demerges from FIS. It could also actively pursue more deals....
...It should be noted that all the operating earnings numbers in the table are presented on an adjusted basis, as is standard in the software industry....
...The youthful sheen of vloggers who documented their lo-fi everyday lives for the sake of it is long gone. An entire generation of popular YouTubers have stepped away....
...Indeed, American, European and Japanese comic culture has dominated that industry for almost a century....
...Bembury’s name is rare in an industry dominated by heritage labels....
...Maybe it’s time we see autonomy for what it is: a Disneyland-style spectacle that can’t, by one account, “live up to its sci-fi imaginings, a series of very expensive and glitzy pilot projects that can’t...
...We first hit a bit of a bump with its “short history of the future” (which really just a list of digital “things” and some sci-fi)....
...And while many in Hollywood are enjoying the sight of Netflix falling back to earth, the Russos praise the streaming pioneer for bringing change to the industry....
...Flying cars have been the next big thing for decades, from the aerial buses in Fritz Lang’s 1927 film Metropolis to the battered police cruisers of Ridley Scott’s 1982 sci-fi movie Blade Runner....
...Netflix’s first forays into gaming included an interactive episode of its sci-fi series Black Mirror back in 2018....
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