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Given today’s announcement by the NFL and the Washington team’s ownership, we are discontinuing the sale of items that reference the team’s name and logo. https://t.co/LtT7m7H3we— Walmart Inc. (@WalmartInc) July 3, 2020 227
Hawaii warned residents and airplanes to stay away after a plume of ash from the Kilauea volcano rose 12,000 feet into the air.Since the Kilauea volcano erupted May 3, it's been one nightmare after another for residents in the southeast part of the Big Island.The US Geological Survey issued a red alert Tuesday, which means a major eruption is imminent or underway and ash could affect air trafficMichelle Coombs of the USGS described it as " very hazardous for aviation," and said her team isn't quite sure what caused Tuesday's slightly more intense ash emissions.US Geological Survey officials have said a phreatic eruption could happen at a crater at the top of the Kilauea volcano. It could send ash plumes as far as 12 miles from the summit crater, the Hawaiian Volcano Observatory said. 802
GREENCASTLE Ind. -- After students at DePauw University used her event as a place to protest recent racial discrimination on their campus, Jenna Fischer has promised to donate all the money she made from the event to groups fighting discrimination. Fischer shared a message on Twitter Wednesday saying she was "shocked and upset" to hear the things that were happening on the DePauw campus. WATCH | Protesters interrupt DePauw?president during press?conference"I could feel the pain, sadness, and fear coming from these students," Fischer wrote. "No student should feel at risk, or have to suffer the kinds of bigotry and hate these students have encountered. These students need to be heard and they need change." 738
Hello! And welcome to Movie...Pass?MoviePass, the ticket subscription company, is buying Moviefone, the 29-year old movie directory service.A lot has changed since Moviefone first started. It's hard to imagine now, but people used to call a number for movie times. Moviefone became so popular that its famous "Welcome to Moviefone" greeting was parodied in a famous "Seinfeld" episode.Moviefone still has a website and app, but it retired the 777-FILM phone service in 2014. (Seinfeld's Kramer must be pleased. "Why don't you just tell me the name of the movie you've selected?")AOL, now part of Verizon, bought Moviefone in 1999 for 8 million. But MoviePass isn't spending nearly as much to get Moviefone. MoviePass majority owner Helios and Matheson Analytics will pay Verizon only about million for Moviefone -- million in cash and a mix of HMNY stock and warrants worth about million, according to a Securities and Exchange filing Thursday.According to Business Insider, MoviePass has also welcomed back service to a handful of AMC theaters in big cities, including San Diego.The service removed 10 of AMC's busiest locations from its app in January to take a "hard position" against theater chain. MoviePass has been seeking a a portion of concessions sales.WHY MOVIEFONE?So why does MoviePass want Moviefone? MoviePass CEO Mitch Lowe told CNNMoney it wanted access to Moviefone's film and TV show content."Our subscribers want to connect with Hollywood and hear more about what's going on in the film industry," Lowe said. "They'd like to have MoviePass recommend movies to them and Moviefone is iconic."Lowe, a co-founder of Netflix and former president of DVD rental kiosk service Redbox, added that he hopes the acquisition will be a "great funnel to attract new members" to MoviePass, which currently has more than 2 million subscribers.Ted Farnsworth, CEO of Helios and Matheson Analytics, added that the marriage of MoviePass and Moviefone will hopefully lead to more advertising revenue."MoviePass is growing at warp speed. Put it and Moviefone together and it gives us more advertising opportunities," Farnsworth said in an interview with CNNMoney. "This is a great strategic move for us."MoviePass arguably needs more ad sales to convince skeptical investors that its business model of buying tickets from theaters and then offering them to subscribers at a discount through monthly and annual subscription plans is viable for the long haul. MoviePass lets people see a movie a day for .95 a month -- it recently cut its price from .95.Shares of Helio and Matheson Analytics have plunged nearly 55% this year. Investors are worried that MoviePass won't be profitable anytime soon.THREAT OF COMPETITIONPart of the problem? We live in an era of so-called peak TV. Netflix, other streaming services and big cable TV networks are churning out more and more quality shows that eat into the time people have to go to movies.Investors also worry that the big chains that MoviePass currently buys tickets from -- AMC, Regal and Cinemark -- may eventually look to cut out MoviePass and launch their own subscription services or other lower-priced deals.Regal, which is now owned by UK-based Cineworld, has experimented with charging more for tickets during peak movie times and less at times when attendance tends to be lighter. Think of it as Uber-style surge pricing, but for movies.And Cinemark unveiled Movie Club, a monthly plan that lets people buy a movie ticket a month for a discounted price of .99, last year.That deal obviously isn't as good as the one a day plan offered by MoviePass. But Cinemark will also allow Movie Club members to roll over unused tickets every month, bring friends at the lower price and offers bargains on concession stand items.Lowe isn't too concerned about competition though. He said he's convinced that MoviePass will continue to work closely with the big chains -- even if Wall Street is nervous."We have to prove we are a driving force in getting more people into theaters. We have to try and put our money where our mouth is," he said. 4118
FT. WORTH, Texas - A father in Texas came up with a way to cheer up his son while he's undergoing chemotherapy.Since Cook Children's Medical Center has visitor restrictions during the coronavirus pandemic, only one person is allowed into the medical center.Aiden, 14, is currently undergoing treatment for acute lymphocytic leukemia. And every Tuesday, his mom joins him, while his father Chuck goes out to the parking lot and dances to lift his son's spirits.Cook Children's recently posted a Chuck dancing video, which shows Aiden standing by a window, mirroring his dad's moves. 589