The 11th Hour Dispatch — Monday, October 22, 2018
YOUNG MONEY
Activate interlocks! Like the banking version of Voltron, Goldman Sachs has set up a new division that combines its consumer and investment management groups into one mighty financial unit. With current Goldman investment management Tim O’Neill and Eric Lane leads at its head, this division will help the company compete with the biggest names in the investment management space. The consumer finance arm — innocuously called “Marcus” — will bring its wealth management capabilities to a larger customer base and could ultimately expand into insurance and healthcare management.
BINGE WATCH
The latest Halloween reboot had a scary good opening weekend. Its $77.5 million weekend puts it just behind Venom’s $80 million opening earlier this month, but never fear: Halloween broke plenty of other records, including:
- Second-biggest R-rated horror opening ever
- Biggest opening weekend ever for its production company, horror haven Blumhouse
- Biggest total gross for the decades-old franchise
- Biggest opening for a movie led by a 55+ woman
Star (and queen) Jamie Lee Curtis earned her boast post — and this reply from The Rock. Expect more sequels in the Michael Myers-centric series — and never getting John Carpenter’s eerie theme out of your brain ever again.
BIG BUSINESS
YouTube’s CEO Susan Wojcicki came for the EU in her quarterly letter this morning. If you weren’t CC’ed, her letter centers on Article 13, which asserts that platforms with significant UGC content (Facebook, YouTube, etc.) must police that content that skirts copyright infringement laws. It’s being called a “meme ban,” which certainly has me shook. But Wojcicki isn’t just worried about YouTube creators’ creativity; she warns that it could lead to thousands of jobs being lost if YouTube would be forced to manage content, which would likely force them to restrict who can post to the video platform to a small number of large companies. I’m all for intellectual property rights, but I can’t imagine a world where Bert and Ernie rapping to M.O.P.’s “Ante Up” doesn’t exist.
NOTHIN’ BUT ‘NET
Guillermo Del Toro is directing an adaptation of Pinocchio for Netflix, which is either the best thing ever or is going to fuel millions of children’s nightmares.
SUBSCRIBE TO THE 11TH HOUR DISPATCH
The 11th Hour Dispatch is your daily dose of all things media without the boredom but with all the snark. We mash what you need to know with what we truly think into one hot mess of knowledge, just for you. Subscribe to get it live and in color in your inbox every weeknight.
